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Grid Dynamics (GDYN) Revenue & Revenue Breakdown

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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

DateRevenueChange
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 $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

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 23Dec 22Dec 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/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 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

CountryDec 23Dec 22Dec 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

CountrySep 24Jun 24Mar 24Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 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

TickerCompanyLast Year RevenueLast Quarter Revenue
CACICACI$7.66B$2.06B
ITGartner$5.91B$1.48B
PSNParsons$5.44B$1.81B
GGenpact$4.48B$1.21B
ASGNASGN$4.45B$1.03B
EXLSExlService$1.63B$472.07M
WNSWNS$1.32B$322.60M
NABLN-able$421.88M$119.45M
GDYNGrid Dynamics$312.91M$87.44M
HCKTHackett Group$296.59M$79.78M

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.