Q4 2025 Grid Dynamics Holdings Inc Earnings Call Transcript
Key Points
- Grid Dynamics Holdings Inc (GDYN) reported record revenue of $106.2 million for Q4 2025, surpassing Wall Street expectations.
- The company achieved a 17.5% year-over-year revenue growth, reaching $411.8 million for the full year 2025.
- AI revenue grew by 9% over Q3 and now constitutes 25% of the overall revenue, with expectations for continued growth in 2026.
- Partnerships have been a significant growth driver, with partner-influenced revenue exceeding 19% of total revenue in 2025.
- Grid Dynamics Holdings Inc (GDYN) is strategically investing in AI platforms and partnerships, such as with AWS and Nvidia, to enhance its service offerings and market position.
- The company faced FX headwinds, impacting EBITDA by approximately $1.5 million year-over-year.
- Retail vertical revenues declined by 6.9% year-over-year, despite a sequential increase.
- Non-GAAP gross margin decreased from 37.5% in the year-ago quarter to 34.5% in Q4 2025.
- GAAP net income for Q4 was only $0.3 million, reflecting a breakeven per share, down from $4.5 million in the year-ago quarter.
- The company anticipates a sequential revenue decline in Q1 2026 due to fewer working days and seasonal factors.
(technical difficulty)
During this call, we will discuss certain non-GAAP measures of our performance. to non-GAAP financial reconciliations and supplemental financial information are provided in the earnings press release and the 8-K filed with the SEC. You can find all the information I just described in the Investor Relations section of our website.
I'll now turn the call over to Leonard, our CEO.
Thank you, Cary. Good afternoon, everyone, and thank you for joining us today. I'm delighted to share that Grid Dynamics closed 2025 with another landmark performance. In the fourth quarter, we beat Wall Street expectations on both revenue and EBITDA delivering record revenue of $106.2 million and a strong $13.7 million in non-GAAP EBITDA.
Remarkably, we finished the full year with a record revenue of $411.8 million, which is 17.5% growth year over year.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
