Grid Dynamics Holdings Earnings Call Transcripts
Fiscal Year 2026
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Second quarter revenue and earnings exceeded expectations, driven by strong AI adoption and deepening relationships in technology and financial services. Gross margin and EBITDA improved year-over-year, with robust growth in AI-related revenue and continued investment in robotics and physical AI.
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Q1 2026 revenue exceeded expectations, driven by strong AI-led growth and diversification into technology and financial services. AI revenue reached 29.3% of total, with higher-margin fixed-price projects and expanding partnerships supporting a positive outlook.
Fiscal Year 2025
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Record Q4 and full-year results were driven by strong AI revenue growth and expanding platform adoption. Margin expansion and a bullish 2026 outlook are supported by robust AI demand, strategic partnerships, and a shift to outcome-based engagements.
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Q3 revenue hit a record $104.2M, up 19.1% YoY, fueled by AI demand and new enterprise wins. Margin expansion, a $50M share buyback, and robust multi-quarter AI programs position the company for strong 2026 growth.
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Q2 revenue hit a record $101.1M, with AI and data now 23% of organic revenue and growing nearly 3x faster than the overall business. Guidance for Q3 is $103M–$105M, and full-year outlook remains $415M–$435M, driven by strong AI momentum and recent acquisitions.
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Q1 2025 revenue grew 25.8% YoY to $100.4M, with non-GAAP EBITDA of $14.6M, both above guidance. Finance and retail verticals led growth, AI initiatives and acquisitions contributed, and full-year revenue outlook of $415M–$435M is maintained.
Fiscal Year 2024
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Record Q4 revenue and profitability were driven by strong demand, new client wins, and expanding AI initiatives. 2025 guidance projects 18–24% revenue growth, with broad-based strength across verticals and no expected margin compression. Cash reserves rose sharply after a follow-on offering.
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Record Q3 revenue and profitability were driven by strong demand, new customer wins, and successful acquisitions. AI initiatives accelerated, with more projects moving to production and partnerships contributing 18% of revenue. Guidance for Q4 remains strong, with continued organic and acquisition-driven growth expected.
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Q2 2024 revenue and non-GAAP EBITDA exceeded guidance, driven by organic growth and strong demand across key verticals. AI solutions and partnerships expanded, with robust cash reserves and a positive outlook for Q3 and beyond.