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PagerDuty vs Grid Dynamics Holdings: PD and GDYN compared
PagerDuty is the larger company: $124M of revenue in its latest quarter (Q2 FY27) against $114M for Grid Dynamics Holdings (Q3 2026). Grid Dynamics Holdings is growing faster (+10% against +0.8% a year earlier). PagerDuty is more profitable, with an operating margin of 8.2% against 8.0%.
Where the money goes: PD and GDYN
PagerDuty (PD) · Q2 FY27
PagerDuty, Q2 FY27: revenue $124M (+0.8% year over year), operating margin 8.2%, net earnings $7.8M, operating cash flow $36.9M. The chart follows the revenue to costs, profit and cash.
Grid Dynamics Holdings (GDYN) · Q3 2026
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.
| PagerDuty (PD) | Grid Dynamics Holdings (GDYN) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $124M | $114M |
| Revenue growth, Y/Y | +0.8% | +10% |
| Gross margin | 83.9% | 40.3% |
| Operating margin | 8.2% | 8.0% |
| Net earnings | $7.8M | $6.2M |
| Net margin | 6.3% | 5.4% |
| Operating cash flow | $36.9M | $16.0M |
| Free cash flow | $32.8M | $13.3M |
| Market value | $1.3B | $686M |
| P/E | 7.0× | 83.8× |
| Analysts’ mean target | $12.86 | $13.00 |
Where the revenue comes from
Grid Dynamics Holdings
- Technology, Media and Telecom: $37.0M (32%)
- Retail: $31.1M (27%)
- Finance: $25.7M (22%)
- CPG/Manufacturing: $12.5M (11%)
Questions
Which is bigger, PagerDuty or Grid Dynamics Holdings?
PagerDuty is the larger company: $124M of revenue in its latest quarter (Q2 FY27) against $114M for Grid Dynamics Holdings (Q3 2026).
Is PagerDuty or Grid Dynamics Holdings growing faster?
Grid Dynamics Holdings is growing faster (+10% against +0.8% a year earlier).
Which is more profitable, PagerDuty or Grid Dynamics Holdings?
PagerDuty is more profitable, with an operating margin of 8.2% against 8.0%.
More: PagerDuty earnings · how PagerDuty makes money · Grid Dynamics Holdings earnings · how Grid Dynamics Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.