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Grid Dynamics (GDYN) Revenue & Revenue Breakdown

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Grid Dynamics Revenue Highlights

Latest Revenue (Y)

$350.57M

Latest Revenue (Q)

$87.44M

Main Segment (Y)

Retail

Main Geography (Y)

UNITED STATES

Grid Dynamics Revenue by Period

Grid Dynamics Revenue by Year

DateRevenueChange
2024-12-31$350.57M12.04%
2023-12-31$312.91M0.78%
2022-12-31$310.48M46.95%
2021-12-31$211.28M89.86%
2020-12-31$111.28M-5.95%
2019-12-31$118.33M28.80%
2018-12-31$91.86M29.97%
2017-12-31$70.68M-

Grid Dynamics generated $350.57M in revenue during NA 2024, up 12.04% compared to the previous quarter, and up 296.28% compared to the same period a year ago.

Grid Dynamics Revenue by Quarter

DateRevenueChange
2024-09-30$87.44M5.30%
2024-06-30$83.04M4.03%
2024-03-31$79.82M2.24%
2023-12-31$78.07M0.84%
2023-09-30$77.42M0.10%
2023-06-30$77.34M-3.42%
2023-03-31$80.08M-0.62%
2022-12-31$80.58M-0.72%
2022-09-30$81.16M4.95%
2022-06-30$77.33M8.30%
2022-03-31$71.41M7.32%
2021-12-31$66.54M14.85%
2021-09-30$57.93M21.51%
2021-06-30$47.68M21.83%
2021-03-31$39.13M29.90%
2020-12-31$30.13M14.41%
2020-09-30$26.33M17.72%
2020-06-30$22.37M-31.08%
2020-03-31$32.46M1.42%
2019-12-31$32.00M1.84%
2019-09-30$31.42M9.77%
2019-06-30$28.63M8.94%
2019-03-31$26.28M3.09%
2018-12-31$25.49M100.00%
2018-09-30--

Grid Dynamics generated $87.44M in revenue during Q3 2024, up 5.30% compared to the previous quarter, and up 113.05% compared to the same period a year ago.

Grid Dynamics Revenue Breakdown

Grid Dynamics Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Product and Service, Other$29.83M$39.83M$29.36M$20.90M
Health Care$11.11M---
Financial Service$60.16M$28.84M$21.89M$17.52M
Technology, Media, And Telecom$95.05M$98.83M$98.33M$67.69M
Retail$113.96M$102.55M$99.68M$61.72M
Manufactured Product, Other$40.47M$42.86M$61.22M$43.46M

Grid Dynamics's latest annual revenue breakdown by segment (product or service), as of Dec 24: Retail (32.51%), Technology, Media, And Telecom (27.11%), Financial Service (17.16%), Manufactured Product, Other (11.54%), Product and Service, Other (8.51%), and Health Care (3.17%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Health Care$2.43M$2.51M$3.16M$3.01M--------
Manufactured Product, Other$11.26M$9.81M$9.84M$9.56M$9.68M$9.67M$10.87M$12.65M$14.09M$16.06M$16.09M$14.98M
Product and Service, Other$7.08M$6.95M$7.46M$8.34M$11.34M$10.18M$9.59M$8.71M$7.42M$7.43M$7.35M$7.15M
Retail$32.72M$29.82M$26.78M$24.63M$24.58M$26.54M$26.03M$25.40M$25.66M$25.26M$25.45M$23.31M
Technology, Media, And Telecom$23.60M$24.19M$23.23M$24.03M$24.19M$23.73M$24.10M$26.81M$27.16M$26.34M$23.39M$21.44M
Financial Service$23.19M$14.16M$12.57M$10.24M$8.28M$7.30M$6.75M$6.51M$6.24M$6.07M$5.05M$4.53M

Grid Dynamics's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Retail (32.63%), Technology, Media, And Telecom (23.53%), Financial Service (23.12%), Manufactured Product, Other (11.23%), Product and Service, Other (7.06%), and Health Care (2.43%).

Grid Dynamics Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21
Other Countries Not Separately Disclosed$37.61M$30.63M--
NETHERLANDS$9.96M$12.25M--
UNITED STATES$277.74M$238.16M--
North America--$255.48M$168.52M
Europe--$54.71M$42.48M

Grid Dynamics's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (85.38%), Other Countries Not Separately Disclosed (11.56%), and NETHERLANDS (3.06%).

Quarterly Revenue by Country

CountryDec 24Sep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
NETHERLANDS$2.61M$2.41M$2.44M$2.50M-------
Other Countries Not Separately Disclosed$13.86M$8.02M$7.43M$8.30M-------
UNITED STATES$72.31M$72.95M$68.97M$63.51M-------
Europe----$14.12M$15.25M$15.89M$14.34M$13.04M$13.60M$13.73M
North America----$63.28M$61.94M$63.95M$66.16M$68.06M$63.66M$57.61M

Grid Dynamics's latest quarterly revenue breakdown by geography, as of Dec 24: UNITED STATES (81.45%), Other Countries Not Separately Disclosed (15.61%), and NETHERLANDS (2.94%).

Grid Dynamics Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CACICACI$7.66B$2.10B
ITGartner$6.27B$1.48B
GGenpact$4.77B$1.21B
ASGNASGN$4.45B$1.03B
EXLSExlService$1.84B$472.07M
WNSWNS$1.32B$333.00M
NABLN-able$462.63M$119.45M
GDYNGrid Dynamics$350.57M$87.44M
HCKTHackett Group$313.86M$79.78M
PSNParsons$100.00K$1.81B

GDYN Revenue FAQ

What is Grid Dynamics’s yearly revenue?

Grid Dynamics's yearly revenue for 2024 was $350.57M, representing an increase of 12.04% compared to 2023. The company's yearly revenue for 2023 was $312.91M, representing an increase of 0.78% compared to 2022. GDYN's yearly revenue for 2022 was $310.48M, representing an increase of 46.95% compared to 2021.

What is Grid Dynamics’s quarterly revenue?

Grid Dynamics's quarterly revenue for Q3 2024 was $87.44M, a 5.30% increase from the previous quarter (Q2 2024), and a 12.94% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $83.04M, a 4.03% increase from the previous quarter (Q1 2024), and a 7.36% increase year-over-year (Q2 2023). GDYN's quarterly revenue for Q1 2024 was $79.82M, a 2.24% increase from the previous quarter (Q4 2023), and a -0.33% decrease year-over-year (Q1 2023).

What is Grid Dynamics’s revenue growth rate?

Grid Dynamics's revenue growth rate for the last 3 years (2022-2024) was 12.91%, and for the last 5 years (2020-2024) was 215.03%.

What are Grid Dynamics’s revenue streams?

Grid Dynamics's revenue streams in c 24 are Product and Service, Other, Health Care, Financial Service, Technology, Media, And Telecom, Retail, and Manufactured Product, Other. Product and Service, Other generated $29.83M in revenue, accounting 8.51% of the company's total revenue, down -25.09% year-over-year. Health Care generated $11.11M in revenue, accounting 3.17% of the company's total revenue Financial Service generated $60.16M in revenue, accounting 17.16% of the company's total revenue, up 108.57% year-over-year. Technology, Media, And Telecom generated $95.05M in revenue, accounting 27.11% of the company's total revenue, down -3.83% year-over-year. Retail generated $113.96M in revenue, accounting 32.51% of the company's total revenue, up 11.12% year-over-year. Manufactured Product, Other generated $40.47M in revenue, accounting 11.54% of the company's total revenue, down -5.58% year-over-year.

What is Grid Dynamics’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Grid Dynamics was Retail. This segment made a revenue of $113.96M, representing 32.51% of the company's total revenue.