Company / R&D Expense
Grid Dynamics Holdings, Inc. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$23.7M
FY2025
5-year range
$4.3M / $23.7M
FY2021-FY2025
Trend
+29.0%
vs FY2024
Sector context
#244 of 264
Information Technology
What the data says
Among 264 Information Technology companies, Grid Dynamics Holdings, Inc. is in the bottom 8% for r&d expense. R&D Expense has fluctuated over the past 8 years, ranging from $3M in FY2020 to $24M in FY2025.
Based on SEC 10-K filings.
$24M in FY2025 with a 5-year CAGR of +55.0%.
Improved from $8M to $24M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +36.5%
- 5-Year CAGR
- +55.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 8% in Information TechnologyTop 92% of 264This company $23.7M Sector average $924.6M
▼
-97.4% below sector average
Key checks
Key Insights
- 5-year CAGR of +55.0%, indicating consistent growth.
- In FY2025, r&d expense increased 29.0% year-over-year.
- Ranks #244 out of 264 companies in the Information Technology sector.
- Lowest r&d expense in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 4.33 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $23.7M | +29.0% |
| FY2024 | $18.3M | +116.9% |
| FY2023 | $8.5M | -9.2% |
| FY2022 | $9.3M | +114.2% |
| FY2021 | $4.3M | +64.4% |
| FY2020 | $2.6M | -39.2% |
| FY2019 | $4.3M | +64.4% |
| FY2018 | $2.6M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026