GRID DYNAMICS HOLDINGS, INC. (GDYN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 10.28% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
85M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

GDYN currently has 84.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 10.28% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

POS AM filing: This POS AM filing indicates that Grid Dynamics Holdings, Inc. is offering 13,889,183 shares of common stock by the selling stockholder.

85M 0
Apr 30, 2026

10-Q filing | 84.7M shares outstanding

85M 0
Oct 30, 2025

10-Q filing | 84.7M shares outstanding

85M 0
Jul 31, 2025

10-Q filing | 84.6M shares outstanding

85M 0
May 01, 2025

10-Q filing | 84.1M shares outstanding

84M 0
Feb 27, 2025

10-K filing | 80.0M shares outstanding

80M 0
Nov 14, 2024

8-K filing: Grid Dynamics Holdings, Inc. completed an offering of 5,750,000 shares of common stock at $17.25 per share, with the underwriters exercising their option to purchase an additional 862,500 shares, resulting in gross proceeds of approximately $117.656 million. ($0.0M proceeds)

77M 0
Oct 31, 2024

10-Q filing | 76.7M shares outstanding

77M 0
Aug 01, 2024

10-Q filing | 76.6M shares outstanding

77M 0
May 02, 2024

10-Q filing | 76.2M shares outstanding

76M 0
Feb 29, 2024

10-K filing | 75.2M shares outstanding

75M 0
Nov 02, 2023

10-Q filing | 75.5M shares outstanding

75M 0
Aug 03, 2023

10-Q filing | 75.1M shares outstanding

75M 0
May 04, 2023

10-Q filing | 74.5M shares outstanding

74M 0
Feb 28, 2023

10-K filing | 69.2M shares outstanding

69M 0
Nov 03, 2022

10-Q filing | 68.6M shares outstanding

69M 0
Aug 04, 2022

10-Q filing | 67.1M shares outstanding

67M 0
May 05, 2022

10-Q filing | 66.9M shares outstanding

67M 0
Mar 03, 2022

10-K filing | 67.0M shares outstanding

67M 0
Nov 04, 2021

10-Q filing | 62.6M shares outstanding

63M 0
Aug 05, 2021

10-Q filing | 62.1M shares outstanding

62M 0
May 20, 2021

8-K filing: Grid Dynamics Holdings, Inc. entered into a Warrant Exchange Agreement with Shay Capital LLC, exchanging 420,630 Public Warrants for 153,577 shares of the Company's common stock.

54M 0
May 17, 2021

8-K filing: Grid Dynamics Holdings, Inc. entered into a Warrant Exchange Agreement with Cantor Fitzgerald & Co., where the holder exchanged 42,625 private warrants for 14,962 shares of the Company's common stock.

54M 0
May 17, 2021

8-K filing: Grid Dynamics Holdings, Inc. entered into a Warrant Exchange Agreement with Explorer Parent LLC, where the Holder exchanged 291,500 private warrants for 102,320 shares of the Company's common stock.

54M 0
May 06, 2021

10-Q filing | 54.2M shares outstanding

54M 0
May 03, 2021

POS AM filing: This POS AM filing relates to the registration of shares of common stock issuable upon exercise of warrants and vesting of restricted stock units, as well as shares offered by selling securityholders.

51M 0
May 03, 2021

RW filing: The company is seeking withdrawal of the registration statement because it no longer wishes to conduct a public offering of securities as contemplated by the registration statement.

51M 0
May 03, 2021

S-3 filing: Grid Dynamics Holdings, Inc. is filing an S-3 to register securities for sale, with an aggregate offering price not to exceed $200,000,000.

51M 0
Mar 09, 2021

S-1 filing: This S-1 filing includes information on a proposed offering of common stock, including shares offered by the company and selling stockholders, as well as underwriters' options to purchase additional shares. The company intends to use the net proceeds from this offering for working capital, capital expenditures and other general corporate purposes and potentially for acquisitions or investments.

51M 0
Mar 08, 2021

POS AM filing: This POS AM filing registers the issuance of common stock upon the exercise of warrants and vesting of restricted stock units, as well as the resale of common stock and warrants held by selling securityholders.

51M 0
Mar 05, 2021

10-K filing | 53.8M shares outstanding

54M 8.2M
Feb 19, 2021

8-K filing: Grid Dynamics Holdings, Inc. entered into a Warrant Exchange Agreement with Riverview Group LLC, an affiliate of Millennium Management LLC, to exchange Public Warrants for 2,221,378 shares of the Company's common stock.

51M 11M
Nov 05, 2020

10-Q filing | 50.9M shares outstanding

51M 11M
Aug 06, 2020

10-Q filing | 50.8M shares outstanding

51M 11M
Jun 02, 2020

S-1/A filing: This S-1/A filing registers the issuance of common stock upon the exercise of public and private warrants, as well as the resale of securities by selling securityholders.

51M 11M
May 12, 2020

S-1 filing: This S-1 filing includes information on common stock voting rights, dividend rights, liquidation rights, preemptive rights, election of directors, and the terms of warrants. It also covers preferred stock, redeemable warrants, placement warrants, restrictions on transfers, anti-takeover provisions, registration rights, stockholders' agreements, and the plan of distribution for shares issuable upon warrant exercise.

51M 11M
May 11, 2020

10-Q filing | 50.8M shares outstanding

51M 0
Mar 04, 2020

10-K filing | 22.6M shares outstanding

23M 0
Jan 27, 2020

8-K filing: ChaSerg Technology Acquisition Corp. entered into an amended and restated side letter with ChaSerg Technology Sponsor LLC and Cantor Fitzgerald & Co. regarding the disposition of shares of common stock in connection with the business combination between ChaSerg and Grid Dynamics, Inc.

N/A 0
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