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Grid Dynamics Valuation Multiples
Discover revenue and EBITDA valuation multiples for Grid Dynamics and similar public comparables like JBCC Holdings, Troy Information Technology, IndoInternet, Happiest Minds Technologies and more.
Grid Dynamics Overview
About Grid Dynamics
Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
Founded
2018
HQ
Employees
4.7K
Website
Sectors
Financials (LTM)
EV
$254M
Grid Dynamics Financials
Grid Dynamics reported last 12-month revenue of $419M and EBITDA of $55M.
In the same LTM period, Grid Dynamics generated $145M in gross profit, $55M in EBITDA, and $36M in net income.
Revenue (LTM)
Grid Dynamics P&L
In the most recent fiscal year, Grid Dynamics reported revenue of $412M and EBITDA of $54M.
Grid Dynamics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $419M | XXX | $412M | XXX | XXX | XXX |
| Gross Profit | $145M | XXX | $142M | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $55M | XXX | $54M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $36M | XXX | $35M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Grid Dynamics Stock Performance
Grid Dynamics has current market cap of $579M, and enterprise value of $254M.
Market Cap Evolution
Grid Dynamics' stock price is $6.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $254M | $579M | 0.0% | XXX | XXX | XXX | $0.41 |
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Start Free TrialGrid Dynamics Valuation Multiples
Grid Dynamics trades at 0.6x EV/Revenue multiple, and 4.6x EV/EBITDA.
EV / Revenue (LTM)
Grid Dynamics Financial Valuation Multiples
As of March 17, 2026, Grid Dynamics has market cap of $579M and EV of $254M.
Equity research analysts estimate Grid Dynamics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Grid Dynamics has a P/E ratio of 16.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $579M | XXX | $579M | XXX | XXX | XXX |
| EV (current) | $254M | XXX | $254M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 4.6x | XXX | 4.7x | XXX | XXX | XXX |
| EV/EBIT | 7.2x | XXX | 7.5x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| P/E | 16.2x | XXX | 16.5x | XXX | XXX | XXX |
| EV/FCF | 8.9x | XXX | 9.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Grid Dynamics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Grid Dynamics Margins & Growth Rates
Grid Dynamics' revenue in the last 12 month grew by 9%.
Grid Dynamics' revenue per employee in the last FY averaged $0.1M.
Grid Dynamics' rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Grid Dynamics' rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Grid Dynamics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | 15% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 19% | XXX | 22% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Grid Dynamics Public Comps
See public comps and valuation multiples for other IT Consulting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| JBCC Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Troy Information Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| IndoInternet | XXX | XXX | XXX | XXX | XXX | XXX |
| Happiest Minds Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Plus Alpha Consulting | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Grid Dynamics M&A Activity
Grid Dynamics acquired XXX companies to date.
Last acquisition by Grid Dynamics was on XXXXXXXX, XXXXX. Grid Dynamics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Grid Dynamics
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialGrid Dynamics Investment Activity
Grid Dynamics invested in XXX companies to date.
Grid Dynamics made its latest investment on XXXXXXXX, XXXXX. Grid Dynamics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Grid Dynamics
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Grid Dynamics
| When was Grid Dynamics founded? | Grid Dynamics was founded in 2018. |
| Where is Grid Dynamics headquartered? | Grid Dynamics is headquartered in United States. |
| How many employees does Grid Dynamics have? | As of today, Grid Dynamics has over 4K employees. |
| Who is the CEO of Grid Dynamics? | Grid Dynamics' CEO is Leonard Livschitz. |
| Is Grid Dynamics publicly listed? | Yes, Grid Dynamics is a public company listed on Nasdaq. |
| What is the stock symbol of Grid Dynamics? | Grid Dynamics trades under GDYN ticker. |
| When did Grid Dynamics go public? | Grid Dynamics went public in 2020. |
| Who are competitors of Grid Dynamics? | Grid Dynamics main competitors are JBCC Holdings, Troy Information Technology, IndoInternet, Happiest Minds Technologies. |
| What is the current market cap of Grid Dynamics? | Grid Dynamics' current market cap is $579M. |
| What is the current revenue of Grid Dynamics? | Grid Dynamics' last 12 months revenue is $419M. |
| What is the current revenue growth of Grid Dynamics? | Grid Dynamics revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Grid Dynamics? | Current revenue multiple of Grid Dynamics is 0.6x. |
| Is Grid Dynamics profitable? | Yes, Grid Dynamics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Grid Dynamics? | Grid Dynamics' last 12 months EBITDA is $55M. |
| What is Grid Dynamics' EBITDA margin? | Grid Dynamics' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Grid Dynamics? | Current EBITDA multiple of Grid Dynamics is 4.6x. |
| What is the current FCF of Grid Dynamics? | Grid Dynamics' last 12 months FCF is $29M. |
| What is Grid Dynamics' FCF margin? | Grid Dynamics' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Grid Dynamics? | Current FCF multiple of Grid Dynamics is 8.9x. |
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