The earnings call presented a mix of positive developments, such as record revenue and strategic initiatives to enhance growth and margin expansion, against challenges like declining retail revenue and currency impacts. The company is positioned for growth with a strong pipeline and AI-centric strategy, but faces some headwinds in certain areas.

Company Guidance

During the Grid Dynamics Third Quarter 2025 Earnings Conference Call, several key metrics were highlighted that underscore the company's robust performance and strategic initiatives. Revenue reached an all-time high of $104.2 million, marking a 19.1% year-over-year increase, driven by a 10% sequential growth in AI demand, which now contributes to over 25% of organic revenue. The company also reported a $50 million share repurchase program, representing about 15% of its cash, signaling confidence in its long-term prospects. In terms of headcount, the company reached its highest engineering billing headcount, with a significant increase in billable engineers, which is expected to continue into the fourth quarter. Non-GAAP EBITDA was $12.7 million, within the higher end of guidance, despite some FX-related headwinds. The partnership influence revenue exceeded 18% of total revenue, showcasing the value of Grid Dynamics' ecosystem-driven approach. Looking ahead, the company anticipates a 300 basis points improvement in margins over the next 12 months, leveraging efficiency improvements and enhanced pricing with AI offerings. The guidance for the fourth quarter projects revenues between $105 million to $107 million, with a non-GAAP EBITDA range of $13 million to $14 million, suggesting a continued positive momentum into 2026.

Record Revenue Driven by AI Demand

Grid Dynamics reported a record third quarter revenue of $104.2 million, fueled by a 10% sequential growth in AI demand, which contributed over 25% of the quarter's organic revenue.

Share Repurchase Program

The Board authorized a $50 million share repurchase program, representing about 15% of the company's cash, reflecting confidence in the long-term prospects of the business.

Strong Pipeline of New Enterprise Logos

Grid Dynamics reported the strongest pipeline of new large enterprise logos since the beginning of the year, with customer confidence leading to multi-quarter engagements extending into 2026.

Increase in Billable Headcount

The company added 5x more billable engineers in the third quarter compared to the second, and expects similar levels of increase in the fourth quarter.

Margin Expansion Initiatives

Grid Dynamics is implementing initiatives to improve margins by at least 300 basis points over the next 12 months through efficiency improvements, portfolio rebalancing, and leveraging AI.

AI-Centric Growth Strategy

The company's AI-first strategy is transforming engineering and delivery capabilities, enabling faster proof of concepts and improving conversion rates and sales cycles.

Grid Dynamics Holdings (GDYN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GDYN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2026	2025 (Q4)	0.09 / -	0.12	―	―	―
Oct 30, 2025	2025 (Q3)	0.09 / 0.09	0.1	-10.00% (-0.01)
Jul 31, 2025	2025 (Q2)	0.09 / 0.10	0.08	25.00% (+0.02)
May 01, 2025	2025 (Q1)	0.09 / 0.11	0.07	57.14% (+0.04)
Feb 20, 2025	2024 (Q4)	0.10 / 0.12	0.07	71.43% (+0.05)
Oct 31, 2024	2024 (Q3)	0.09 / 0.10	0.08	25.00% (+0.02)
Aug 01, 2024	2024 (Q2)	0.07 / 0.08	0.09	-11.11% (>-0.01)
May 02, 2024	2024 (Q1)	0.07 / 0.07	0.08	-12.50% (>-0.01)
Feb 22, 2024	2023 (Q4)	0.08 / 0.07	0.14	-50.00% (-0.07)
Nov 02, 2023	2023 (Q3)	0.08 / 0.08	0.15	-46.67% (-0.07)

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

GDYN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2025	$7.60	$9.34	+22.89%
Jul 31, 2025	$9.49	$7.93	-16.44%
May 01, 2025	$14.08	$13.64	-3.12%
Feb 20, 2025	$20.48	$21.37	+4.35%

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.

FAQ

When does Grid Dynamics Holdings (GDYN) report earnings?

Grid Dynamics Holdings (GDYN) is schdueled to report earning on Feb 19, 2026, After Close (Confirmed).

What is Grid Dynamics Holdings (GDYN) earnings time?

Grid Dynamics Holdings (GDYN) earnings time is at Feb 19, 2026, After Close (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 (Q4) is 0.09.

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