Grid Dynamics Achieves Record Revenues in Q1 2025

Grid Dynamics Holdings, Inc. ( (GDYN) ) has released its Q1 earnings. Here is a breakdown of the information Grid Dynamics Holdings, Inc. presented to its investors.

Grid Dynamics Holdings, Inc., a prominent player in the digital transformation sector, specializes in technology consulting, platform and product engineering, AI, and digital engagement services, catering to enterprise companies undergoing business transformation. The company, headquartered in Silicon Valley, has a strong presence across the Americas, Europe, and India.

In its first quarter of 2025, Grid Dynamics reported record revenues of $100.4 million, surpassing its projected range. The company also achieved a GAAP net income of $2.9 million, marking a significant turnaround from a net loss in the previous year. The finance vertical showed remarkable growth, becoming the second-largest contributor to the company’s revenues.

Key financial highlights include a 25.8% year-over-year increase in total revenues and a GAAP gross profit of $37.0 million. The company’s non-GAAP net income rose to $10.0 million, with a non-GAAP EBITDA of $14.6 million. Grid Dynamics also reported a significant increase in its billable engineering headcount, indicating potential future growth.

Looking ahead, Grid Dynamics maintains a positive outlook for 2025, expecting stronger performance in the latter half of the year due to recently signed contracts and ongoing projects. Despite global economic uncertainties, the company remains confident in its ability to sustain growth and deliver value to its clients.