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Grid Dynamics Holdings (GDYN)
NASDAQ:GDYN
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -18.55%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
Grid Dynamics demonstrated strong financial performance and growth in Q4 2024, driven by record-breaking revenue, successful client acquisitions, and expanding AI initiatives. Despite some flat performance in the TMT vertical and a slight decline in the 'Other' vertical, the company's overall growth trajectory and strategic priorities for 2025 indicate a positive outlook.Company Guidance
In the recent Grid Dynamics earnings call, the company reported record-breaking revenue and non-GAAP EBITDA for the fourth quarter of Fiscal Year 2024, achieving a milestone of $100.3 million in quarterly revenue, a 28.5% year-over-year increase. Organic revenue growth was 12.8%, with contributions from recent acquisitions. The company anticipates revenues between $415 million and $435 million for 2025, forecasting a 21.2% growth year-over-year at the midpoint. Notably, the retail vertical led with 32.6% of Q4 revenue, showing a 33.1% year-over-year growth. The finance sector also surged with a 180.1% increase. Grid Dynamics' top five and ten customers contributed 35.6% and 55.8% of Q4 revenue, respectively. The company expanded its headcount to 4,730, reflecting growth from both organic business and acquisitions. For Q1 2025, Grid Dynamics expects revenues between $98 million and $100 million, with non-GAAP EBITDA projected at $12.9 million to $13.9 million.Record-Breaking Revenue and Growth
Grid Dynamics delivered the highest revenue and profitability in the company's history, achieving $100 million in revenue in Q4 2024, a 28.5% YoY increase. This milestone was achieved in a single quarter, compared to the same amount for the entire year when the company went public in 2020.
Strong Client Base and New Deals
Grid Dynamics signed three notable enterprise clients in Q4 2024, including a major automotive company, a global auction company, and one of the largest grocery retail groups.
AI Initiatives and Expansion
The company's AI capabilities gained strong momentum, with 130 AI opportunities identified in Q4, a 30% increase over Q3. AI initiatives are driving revenue growth and operational efficiency for clients.
Promising 2025 Outlook
Grid Dynamics expects 2025 revenues to be in the range of $415-435 million, representing a potential growth of 20%+ over 2024. The company has identified five priorities to support this growth, including leveraging AI and enhancing global support.
Successful Acquisitions
The acquisition of U.K.-based JUXT enhanced industry expertise in banking and financial services, with expectations of converting several opportunities in 2025.
Increased Headcount and Engineering Positions
The company achieved its highest ever billable engineering headcount by the end of Q4 and witnessed the highest levels of open engineering positions in three years.
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GDYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $20.48 | $21.37 | +4.35% |
| Oct 31, 2024 | $15.92 | $15.24 | -4.27% |
| Aug 01, 2024 | $12.25 | $13.84 | +12.98% |
| May 02, 2024 | $9.84 | $10.07 | +2.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grid Dynamics Holdings (GDYN) report earnings?
Grid Dynamics Holdings (GDYN) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Grid Dynamics Holdings (GDYN) earnings time?
Grid Dynamics Holdings (GDYN) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDYN EPS forecast?
GDYN EPS forecast for the fiscal quarter 2025 (Q1) is 0.09.
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