GDYN (Grid Dynamics Holdings) Research & Development: $23.3 Mil (TTM As of Mar. 2026)


GDYN Grid Dynamics Holdings Inc GDYN
71 GF Score
Price $6.09
GF Value $13.00
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Grid Dynamics Holdings Research & Development?

Grid Dynamics Holdings GDYN -2.48% 71 Research & Development is $23.3 Mil as of Mar. 2026. GuruFocus rates GDYN with a GF Score™ of 71/100 and a GF Value™ of $13.00 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Grid Dynamics Holdings's Research & Development for the three months ended in Mar. 2026 was $6.1 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $23.3 Mil.

Grid Dynamics Holdings  (NAS:GDYN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Grid Dynamics Holdings Research & Development Related Terms

Grid Dynamics Holdings Research & Development Historical Data

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The historical data trend for Grid Dynamics Holdings's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Grid Dynamics Holdings Research & Development Chart

Grid Dynamics Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 8.46 15.77 14.74 18.35 23.67

Grid Dynamics Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.49 6.74 5.76 4.68 6.08
GDYN
71GF Score
Grid Dynamics Holdings Inc GDYN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Grid Dynamics Holdings Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.3 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $23.3 Mil mean?
Grid Dynamics Holdings (GDYN) has a Research & Development of $23.3 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Grid Dynamics Holdings and its competitors.
Is Grid Dynamics Holdings' Research & Development too high?
Grid Dynamics Holdings' current Research & Development is $23.3 Mil. Overall, Grid Dynamics Holdings has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grid Dynamics Holdings' Research & Development compare to TASK and IBEX?
Grid Dynamics Holdings' Research & Development of $23.3 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Grid Dynamics Holdings and its competitors. Grid Dynamics Holdings's current Research & Development is $23.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grid Dynamics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grid Dynamics Holdings (GDYN) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.00, compared to a current price of $6.09 — trading 53.2% below its estimated fair value. The current Research & Development is $23.3 Mil. Grid Dynamics Holdings' overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Grid Dynamics Holdings (GDYN), the current Research & Development is $23.3 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Grid Dynamics Holdings (GDYN) Overvalued in 2026?

Based on GuruFocus' analysis, Grid Dynamics Holdings stock appears to be undervalued. The current stock price of $6.09 is trading 53.2% below its estimated GF Value™ of $13.00. GuruFocus considers Grid Dynamics Holdings to be Significantly Undervalued.

Key valuation signals for GDYN:

  • Research & Development: $23.3 Mil
  • GF Value™: $13.00 vs. price of $6.09 (53.2% below fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the GDYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Grid Dynamics Holdings Business Description

Other Exchanges 47E:Germany
Address 5000 Executive Parkway, Suite 520, San Ramon, CA, USA, 94583
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.
71GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.09
Price
$13.00
GF Value