Filing Flows › Grid Dynamics Holdings (GDYN) › Q3 2026
Grid Dynamics Holdings (GDYN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Grid Dynamics Holdings (GDYN) reported revenue of $114M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +6% from the quarter before. Operating margin was 8.0%, net earnings $6.2M (5.4% of revenue).
Grid Dynamics Holdings, Q3 2026: revenue $114M (+10% year over year), operating margin 8.0%, net earnings $6.2M, operating cash flow $16.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $114M | +6% | +10% |
| Gross profit | $46.1M | +16% | +33% |
| Operating profit | $9.1M | +616% | — |
| Net earnings | $6.2M | +116% | +424% |
| Operating cash flow | $16.0M | +162% | +130% |
| Free cash flow | $13.3M | +425% | +350% |
What changed
Revenue was $114.3M in Q3 2026, up 10% year over year and up 6% from the previous quarter. Technology, Media and Telecom was the largest line at 32% of revenue. Technology, Media and Telecom added $8.4M year over year (up 29%), 83% of the total change. Other declined 22%.
Gross margin was 40.3%, up 7.0 points from Q3 2025. Operating profit was $9.1M, a 8.0% margin (up 8.2 points year over year). Operating expenses grew 6% against revenue growth of 10%. The fastest-growing cost line was Research & development (+13%). Net earnings were $6.2M, up 424% year over year. The effective tax rate was 45.8%.
Operating cash flow was $16.0M (up 130% year over year), 260% of net earnings. Non-cash charges added back $5.9M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $2.8M left free cash flow of $13.3M.
Questions
What was Grid Dynamics Holdings' revenue in the third quarter 2026?
Grid Dynamics Holdings (GDYN) reported revenue of $114M for the third quarter 2026 (Q3 2026), +10% from a year earlier and +6% from the quarter before.
Was Grid Dynamics Holdings profitable in the third quarter 2026?
Operating profit was $9.1M (8.0% of revenue) and net earnings $6.2M.