Grid Dynamics Holdings Earnings Call Transcripts
Fiscal Year 2026
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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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Delivered record Q4 and full-year results with strong AI-driven growth, margin expansion, and robust guidance for 2026. AI revenue now exceeds $90M, partnerships and proprietary platforms are fueling vertical and productivity gains, and M&A remains a strategic focus.
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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 achieved, driven by strong growth in retail and financial verticals, robust AI adoption, and expanding partnerships. 2025 guidance projects 18–24% revenue growth, with no expected margin compression and continued investment in technology and talent.
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Q3 2024 delivered record revenue and profitability, driven by strong demand, operational efficiency, and successful acquisitions. AI initiatives and partnerships expanded, with finance and retail verticals leading growth. Q4 guidance is strong, with continued bullish outlook.
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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.