NASDAQ$GDYN
Grid Dynamics Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported record revenue, marking the fifth consecutive quarter of record revenues, with growth across most verticals and customers.
Grid Dynamics reported record revenue of $71.4 million for Q1 2022, an increase of 82.5% year-over-year. The company experienced growth across most verticals and customers, with non-retail verticals representing 67.4% of revenue.
- Total revenue was $71.4 million, an 82.5% year-over-year increase.
- GAAP gross profit was $26.8 million, or 37.5% of revenue.
- GAAP Net loss attributable to common stockholders was $(2.7) million, or $(0.04) per share.
- Cash and cash equivalents totaled $153.3 million as of March 31, 2022.
Headline financials
Revenue & EPS history
Grid Dynamics · Revenue · Quarterly
$71.4M
Revenue by segment
Grid Dynamics · $71.4M total across 5 segments · Q1 2022
- Retail$23.3M—32.6%
- TMT$21.4M—30.0%
- CPG/Manufacturing$15M—21.0%
- Other$7.15M—10.0%
- Finance$4.53M—6.3%
Forward guidance
The Company expects revenue in the second quarter of 2022 to be between $72.0 million and $73.5 million. Non-GAAP EBITDA in the second quarter of 2022 is expected to be between $9.5 million and $11.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+3.2%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+4.7%
Avg return
30 days after
69%
20 / 29 earnings
Positive
+28.3%
Q3 2021
Best reaction
-20.6%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +8.7% | +28.3% | |
| Q4 2025 | -7.0% | -7.4% | -19.3% | |
| Q3 2025 | +22.9% | +18.0% | +15.3% | |
| Q1 2025 | -3.1% | -5.3% | -11.0% | |
| Q4 2024 | +4.3% | -2.8% | -20.6% | |
| Q3 2024 | -4.3% | +0.6% | +14.9% | |
| Q2 2024 | +7.3% | +4.7% | +7.9% | |
| Q1 2024 | +1.6% | +9.7% | -4.1% | |
| Q4 2023 | +5.0% | +2.7% | -9.5% | |
| Q3 2023 | +16.5% | +13.6% | +23.0% | |
| Q2 2023 | +16.9% | +13.9% | +21.8% | |
| Q1 2023 | -20.6% | -25.0% | -13.8% | |
| Q4 2022 | +4.0% | -1.9% | -9.9% | |
| Q3 2022 | -9.7% | -13.8% | -4.7% | |
| Q2 2022 | +2.7% | +0.6% | +2.8% | |
| Q1 2022 | +14.6% | +5.1% | +22.7% | |
| Q4 2021 | -15.5% | +7.0% | +23.6% | |
| Q3 2021 | +28.3% | +28.1% | +30.5% | |
| Q2 2021 | +18.5% | +15.1% | +44.0% | |
| Q1 2021 | +7.2% | +7.2% | +8.8% | |
| Q4 2020 | -7.7% | -4.4% | +2.3% | |
| Q3 2020 | +10.9% | +12.5% | +37.3% | |
| Q2 2020 | +4.2% | +8.4% | +8.4% | |
| Q1 2020 | -15.2% | -12.1% | -6.5% | |
| Q2 2019 | +1.8% | -15.6% | -32.1% | |
| Q4 2019 | +1.8% | -15.6% | -32.1% | |
| Q3 2019 | +4.5% | +4.1% | +6.7% | |
| Q1 2019 | +0.3% | +0.3% | +0.7% | |
| Q4 2018 | -0.2% | -0.2% | +0.1% |
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