Grid Dynamics Holdings, Inc. is a growing technology consulting and enterprise AI services provider supporting digital transformation across several industries.

# Company Summary: Grid Dynamics Holdings, Inc.

## Overview
Grid Dynamics Holdings, Inc. is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company specializes in supporting enterprise digital transformation efforts, with significant expertise and leadership in enterprise artificial intelligence (AI).

## Business Focus and Capabilities
- Enabling positive business outcomes for large enterprises
- Solving complex technical challenges across various industry verticals
- Leading in enterprise AI, supported by ongoing investment in:
  - Data and analytics
  - Cloud and DevOps
  - Application modernization
  - Customer experience enhancement

## Corporate Highlights (2024)
- **Revenue:** $350.6 million, representing a 12.0% increase from the previous year
- **Net Income:** $4.0 million (GAAP Net Income attributable to common stockholders)
- **Non-GAAP EBITDA:** $52.5 million, up from $44.2 million in 2023
- **Number of Customers:** The company continued to gain new customers and increased deal activity with existing customers across industries
- **Employees:** As of February 17, 2025, the company has 83,838,356 shares of common stock outstanding, with the size of its employee base approximately 4,730 individuals as of December 31, 2024.

## Market and Stock Information
- **Market Capitalization (June 28, 2024):** Approximately $596.2 million, based on a closing stock price of $10.51 on NASDAQ
- **Stock Listings:** Common stock traded on NASDAQ under the ticker **GDYN**

## Strategic Initiatives
- Scaling delivery locations globally in Europe, India, and the Americas
- Acquisitions in 2024: Juxt (UK) and Mobile Computing (Argentina) to support a "follow-the-sun" delivery strategy

## Customer and Market Approach
- Focus on long-term enterprise engagements and digital transformation solutions
- Emphasis on AI and data-driven decision-making to enhance client value
- Active engagement with stockholders to align executive compensation and governance practices with investor expectations

## Summary
Grid Dynamics is a growing enterprise technology and consulting firm with a strong emphasis on AI, cloud, data analytics, and modernization. It serves large enterprise clients across multiple industries, demonstrated by increasing revenues and customer activity in 2024. The company maintains a substantial global workforce and has a market capitalization near $600 million.

Grid Dynamics Holdings, Inc. is a leading provider of digital transformation services to Fortune 1000 companies, specializing in enterprise-level solutions and consulting.

# Company Overview: Grid Dynamics Holdings, Inc.

## Business Description
Grid Dynamics Holdings, Inc. is a leading provider of digital transformation services for Fortune 1000 companies. The company specializes in:

- **Enterprise-level Digital Transformations**: Helping organizations create innovative digital products and experiences through close collaboration.
- **Service Offerings**: Providing a wide range of services that include:
  - **Strategy Consulting**: Guiding businesses in developing effective digital strategies.
  - **Development of Early Prototypes**: Assisting companies in the initial stages of product development.
  - **Enterprise-scale Delivery of Digital Platforms**: Implementing and managing large-scale technology solutions that support business growth.

## Key Metrics
- **Number of Customers**: Grid Dynamics serves a wide array of customers, having added a record **33 new enterprise customers** in 2023, highlighting its growing market presence.
- **Number of Employees**: As of December 31, 2023, Grid Dynamics had approximately **3,847 employees**, reflecting its capacity to deliver services effectively across various regions.
- **Revenue**: For the fiscal year ended December 31, 2023, the company reported total revenue of **$312.9 million**, representing a slight increase of **0.8%** from the previous year.
- **Net Income**: The company recorded a GAAP net loss attributable to common stockholders of **$(1.8) million** for 2023, which is a significant improvement compared to a net loss of **$(29.2) million** in 2022. 
- **Non-GAAP EBITDA**: The company's non-GAAP EBITDA for 2023 was reported at **$44.2 million**, reflecting a decrease from **$58.2 million** in 2022.

## Strategic Focus
Grid Dynamics is dedicated to scaling its operations, enhancing its sales and R&D capabilities, and expanding its delivery locations. The company emphasizes a follow-the-sun model with strategic delivery centers located in **Poland, India, and Mexico**. Their business strategy is particularly strong in key verticals, including supply chain, manufacturing, financial services, and pharmaceuticals.

By aligning its offerings with market needs and customer demands, Grid Dynamics aims to be at the forefront of digital transformation in the technology space.

GRID DYNAMICS HOLDINGS, INC.

10-K / April 29, 2025

10-K / April 29, 2024

10-K / April 29, 2025

Company Summary: Grid Dynamics Holdings, Inc.

Overview

Business Focus and Capabilities

Corporate Highlights (2024)

Market and Stock Information

Strategic Initiatives

Customer and Market Approach

Summary