Grid Dynamics (GDYN) Revenue & Revenue Breakdown
Grid Dynamics Revenue Highlights
Latest Revenue (Y)
$312.91M
Latest Revenue (Q)
$87.44M
Main Segment (Y)
Retail
Main Geography (Y)
UNITED STATES
Grid Dynamics Revenue by Period
Grid Dynamics Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $312.91M | 0.78% |
| 2022-12-31 | $310.48M | 46.95% |
| 2021-12-31 | $211.28M | 89.86% |
| 2020-12-31 | $111.28M | -5.95% |
| 2019-12-31 | $118.33M | 28.80% |
| 2018-12-31 | $91.86M | 29.97% |
| 2017-12-31 | $70.68M | - |
Grid Dynamics generated $312.91M in revenue during NA 2023, up 0.78% compared to the previous quarter, and up 340.62% compared to the same period a year ago.
Grid Dynamics Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-09-30 | $87.44M | 5.30% |
| 2024-06-30 | $83.04M | 4.03% |
| 2024-03-31 | $79.82M | 2.24% |
| 2023-12-31 | $78.07M | 0.84% |
| 2023-09-30 | $77.42M | 0.10% |
| 2023-06-30 | $77.34M | -3.42% |
| 2023-03-31 | $80.08M | -0.62% |
| 2022-12-31 | $80.58M | -0.72% |
| 2022-09-30 | $81.16M | 4.95% |
| 2022-06-30 | $77.33M | 8.30% |
| 2022-03-31 | $71.41M | 7.32% |
| 2021-12-31 | $66.54M | 14.85% |
| 2021-09-30 | $57.93M | 21.51% |
| 2021-06-30 | $47.68M | 21.83% |
| 2021-03-31 | $39.13M | 29.90% |
| 2020-12-31 | $30.13M | 14.41% |
| 2020-09-30 | $26.33M | 17.72% |
| 2020-06-30 | $22.37M | -31.08% |
| 2020-03-31 | $32.46M | 1.42% |
| 2019-12-31 | $32.00M | 1.84% |
| 2019-09-30 | $31.42M | 9.77% |
| 2019-06-30 | $28.63M | 8.94% |
| 2019-03-31 | $26.28M | 3.09% |
| 2018-12-31 | $25.49M | 100.00% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Retail | $102.55M | $99.68M | $61.72M |
| Financial Service | $28.84M | $21.89M | $17.52M |
| Manufactured Product, Other | $42.86M | $61.22M | $43.46M |
| Technology, Media, And Telecom | $98.83M | $98.33M | $67.69M |
| Product and Service, Other | $39.83M | $29.36M | $20.90M |
Grid Dynamics's latest annual revenue breakdown by segment (product or service), as of Dec 23: Retail (32.77%), Technology, Media, And Telecom (31.58%), Manufactured Product, Other (13.70%), Product and Service, Other (12.73%), and Financial Service (9.22%).
Quarterly Revenue by Product
| Product/Service | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufactured Product, Other | $9.81M | $9.84M | $9.56M | $9.68M | $9.67M | $10.87M | $12.65M | $14.09M | $16.06M | $16.09M | $14.98M |
| Technology, Media, And Telecom | $24.19M | $23.23M | $24.03M | $24.19M | $23.73M | $24.10M | $26.81M | $27.16M | $26.34M | $23.39M | $21.44M |
| Retail | $29.82M | $26.78M | $24.63M | $24.58M | $26.54M | $26.03M | $25.40M | $25.66M | $25.26M | $25.45M | $23.31M |
| Product and Service, Other | $6.95M | $7.46M | $8.34M | $11.34M | $10.18M | $9.59M | $8.71M | $7.42M | $7.43M | $7.35M | $7.15M |
| Financial Service | $14.16M | $12.57M | $10.24M | $8.28M | $7.30M | $6.75M | $6.51M | $6.24M | $6.07M | $5.05M | $4.53M |
| Health Care | $2.51M | $3.16M | $3.01M | - | - | - | - | - | - | - | - |
Grid Dynamics's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Retail (34.11%), Technology, Media, And Telecom (27.66%), Financial Service (16.19%), Manufactured Product, Other (11.22%), Product and Service, Other (7.95%), and Health Care (2.87%).
Grid Dynamics Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Other Countries Not Separately Disclosed | $30.63M | - | - |
| NETHERLANDS | $12.25M | - | - |
| UNITED STATES | $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 23: UNITED STATES (84.74%), Other Countries Not Separately Disclosed (10.90%), and NETHERLANDS (4.36%).
Quarterly Revenue by Country
| Country | Sep 24 | Jun 24 | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other Countries Not Separately Disclosed | $8.02M | $7.43M | $8.30M | - | - | - | - | - | - | - |
| NETHERLANDS | $2.41M | $2.44M | $2.50M | - | - | - | - | - | - | - |
| UNITED STATES | $72.95M | $68.97M | $63.51M | - | - | - | - | - | - | - |
| North America | - | - | - | $63.28M | $61.94M | $63.95M | $66.16M | $68.06M | $63.66M | $57.61M |
| Europe | - | - | - | $14.12M | $15.25M | $15.89M | $14.34M | $13.04M | $13.60M | $13.73M |
Grid Dynamics's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (87.49%), Other Countries Not Separately Disclosed (9.61%), and NETHERLANDS (2.90%).
Grid Dynamics Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CACI | CACI | $7.66B | $2.06B |
| IT | Gartner | $5.91B | $1.60B |
| PSN | Parsons | $5.44B | $1.81B |
| G | Genpact | $4.48B | $1.18B |
| ASGN | ASGN | $4.45B | $1.03B |
| EXLS | ExlService | $1.63B | $472.07M |
| WNS | WNS | $1.32B | $322.60M |
| PRFT | Perficient | $906.54M | $215.30M |
| NABL | N-able | $421.88M | $113.75M |
| GDYN | Grid Dynamics | $312.91M | $87.44M |
| HCKT | Hackett Group | $296.59M | $77.66M |
GDYN Revenue FAQ
What is Grid Dynamics’s yearly revenue?
Grid Dynamics's yearly revenue for 2023 was $312.91M, representing an increase of 0.78% compared to 2022. The company's yearly revenue for 2022 was $310.48M, representing an increase of 46.95% compared to 2021. GDYN's yearly revenue for 2021 was $211.28M, representing an increase of 89.86% compared to 2020.
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 (2021-2023) was 48.10%, and for the last 5 years (2019-2023) was 164.45%.
What are Grid Dynamics’s revenue streams?
Grid Dynamics's revenue streams in c 23 are Retail, Financial Service, Manufactured Product, Other, Technology, Media, And Telecom, and Product and Service, Other. Retail generated $102.55M in revenue, accounting 32.77% of the company's total revenue, up 2.88% year-over-year. Financial Service generated $28.84M in revenue, accounting 9.22% of the company's total revenue, up 31.74% year-over-year. Manufactured Product, Other generated $42.86M in revenue, accounting 13.70% of the company's total revenue, down -29.98% year-over-year. Technology, Media, And Telecom generated $98.83M in revenue, accounting 31.58% of the company's total revenue, up 0.50% year-over-year. Product and Service, Other generated $39.83M in revenue, accounting 12.73% of the company's total revenue, up 35.66% year-over-year.
What is Grid Dynamics’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Grid Dynamics was Retail. This segment made a revenue of $102.55M, representing 32.77% of the company's total revenue.