Is GRID DYNAMICS HOLDINGS, INC. (GDYN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.2% / 30% | 59.4% / 30% | 12.3% / 30% | 3.75% / 5% | ✗ NOT HALAL |
| DJIM | 2.2% / 33% | 59.4% / 33% | 12.3% / 33% | 3.75% / 5% | ✗ NOT HALAL |
| MSCI | 2.1% / 33% | 56.5% / 33% | 11.7% / 33% | 3.75% / 5% | ✗ NOT HALAL |
| S&P | 2.2% / 33% | 59.4% / 33% | 12.3% / 33% | 3.75% / 5% | ✗ NOT HALAL |
| FTSE | 2.1% / 33% | 56.5% / 33% | 11.7% / 50% | 3.75% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 34.6% | |
| Operating Margin | 2.7% | |
| Net Margin | 2.3% | |
| Return on Equity (ROE) | 1.8% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $41M |
| Free Cash Flow | $25M |
| Total Debt | $17M |
| Debt-to-Equity | 3.1 |
| Current Ratio | 8.4 |
| Total Assets | $613M |
Price & Trading
| Last Close | $5.72 |
| 50-Day MA | $7.04 |
| 200-Day MA | $8.58 |
| Avg Volume | 1.4M |
| Beta | 0.8 |
|
52-Week Range
$5.48
| |
About GRID DYNAMICS HOLDINGS, INC. (GDYN)
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms. The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
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Frequently Asked Questions
Is GRID DYNAMICS HOLDINGS, INC. (GDYN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GRID DYNAMICS HOLDINGS, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is GRID DYNAMICS HOLDINGS, INC.'s debt ratio?
GRID DYNAMICS HOLDINGS, INC.'s debt ratio is 2.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.1%.
What are GRID DYNAMICS HOLDINGS, INC.'s key financial metrics?
GRID DYNAMICS HOLDINGS, INC. has a market capitalization of $471M, trailing P/E ratio of 50.2, and revenue of $412M. The company maintains a gross margin of 34.6% and a net margin of 2.3%. Return on equity stands at 1.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.