What move does the options market price into Grid Dynamics's report?

Implied ±23.7%, either direction · provisional.

How often does Grid Dynamics move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

GDYNNasdaqServices-Prepackaged Software

Grid Dynamics Holdings, Inc. (GDYN) earnings date, market-implied expected move, and options open interest by expiry

13.57

−0.12 · −0.88%

Regular session14:25 ET

Open13.87Volume4.5MMkt cap$1.1BP/E135.70EPS0.10

Day13.26 – 13.8751%52-wk5.11 – 14.0295%

GDYN

Grid Dynamics Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±23.7%implied · straddle

10.4416.94

spot 13.69exp Mar 19ATM strike 12.5ATM straddle 3.82IV 58%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Feb 25

after close · in 114 days

est.Q4 FY26

Calendar

Next report

Last report

+40.78%

vs ±13.9% implied · ×2.94

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmedthin chain

Implied vs realized

Linked news

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News

Largest filed tie

13F top-10 QoQ

−10.23%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

195 managers

Top fund weight

0.01%

GDYN weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Grid Dynamics (GDYN) is expected to report on Feb 25 after close (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±13.1%
avg realized: ±12.4%

Feb 20 '25Feb 20 '25confirmed±8.5%▲+4.35%×0.51

May 1 '25May 1 '25confirmed±11.9%▼−3.13%×0.26

Jul 31 '25Jul 31 '25confirmed±13.8%▼−16.44%×1.19

Oct 30 '25Oct 30 '25confirmed±14.3%▲+22.89%×1.61

Q1 FY26Mar 5 '26confirmed±13.9%▼−7.06%×0.51

Apr 30 '26Apr 30 '26confirmed±14.2%▲+2.11%×0.15

Q2 FY26Jul 30 '26confirmed±14.8%▼−2.41%×0.16

Q3 FY26Oct 29 '26confirmed±13.9%thin chain▲+40.78%×2.94

quarterimplied−45%0+45%realized×

Q3 FY26±13.9%▲+40.78%×2.94

Q2 FY26±14.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Oct 30 close

0.04OI · 3 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

320%Nov 2017d0.04824+105%0.04

1,5350%Dec 1845d0.265,859+18%0.26

report · Feb 25 · after close · est.

490%Mar 19136d1,212+4%

ExpiryPutsCallsP/C

Nov 2017d320%824+105%0.04

Dec 1845d1,5350%5,859+18%0.26

report · Feb 25 · after close · est.

Mar 19136d490%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±23.7%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Suppliers 1

AMZN±3.5%×0.15

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

5.39%as filednet margin · revenue +5.67% QoQ · +9.73% YoY

Revenue

$114M+5.67% QoQ

Gross profit

$46M+16.31% QoQ

40.32% margin

Operating income

$9M+616.07% QoQ

7.99% margin

Pre-tax income

$11M+154.85% QoQ

Net income

$6M+116.13% QoQ

5.39% margin

Cost of revenue

$68M−0.49% QoQ

Operating expenses

$37M−3.65% QoQ

SG&A $23M

Marketing $7M

R&D $7M

Tax

$5M+223.40% QoQ

Other income

$2M−29.81% QoQ

Revenue$114M+5.67%

Gross profit

$46M+16.31%

40.32% margin

Operating income

$9M+616.07%

7.99% margin

Pre-tax income

$11M+154.85%

Net income

$6M+116.13%

5.39% margin

Cost of revenue

$68M−0.49%

Operating expenses

$37M−3.65%

SG&A $23M

Marketing $7M

R&D $7M

Other income$2M−29.81%

Tax$5M+223.40%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 14:15 ET

Intraday

Event sensitivity

NFP ×1.39· ±3.2% vs ±2.3% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.2%1 of 10×1.39

PPIproducer prices±2.3%5 of 10×1.02

FOMCrate decision±2.3%11 of 24×1.01

GDPgross domestic product±2.3%8 of 19×1.00

CPROFcorporate profits±2.2%5 of 12×0.98

CPIconsumer prices±2.0%5 of 10×0.89

PCEpersonal income & outlays±2.0%7 of 19×0.88

Bar = avg |move| to ±4% · tick = ±2.3% avg day · ×base = |move| ÷ ±2.3% · min 6 releases

Earnings history

EPS 0.08 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	0.08	—
Q2 FY26	Jul 30 '26 · confirmed	0.03	—
Q1 FY26	Mar 5 '26 · confirmed	-0.02	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod