NASDAQ$GDYN
Grid Dynamics Holdings Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Grid Dynamics Holdings Inc reported Q2 2025 revenues of $101.1 million with net income of $5.3 million.
Revenues grew 21.7% year-over-year to $101.1 million, driven by strong performance in Finance and Retail verticals and contributions from 2024 acquisitions. GAAP gross margin was 34.1% and the company achieved non-GAAP diluted EPS of $0.10. Operating cash flow remained positive amid continued investments in engineering and geographic expansion.
- Q2 revenues reached $101.1 million, up 21.7% from $83.0 million in Q2 2024.
- Finance vertical doubled year-over-year to $25.4 million, becoming the second-largest vertical at 25% of revenue.
- Net income turned positive to $5.3 million from a $0.8 million loss in the prior-year quarter.
- Non-GAAP EBITDA was $12.7 million (12.6% margin) and non-GAAP diluted EPS was $0.10.
Headline financials
Revenue & EPS history
Grid Dynamics · Revenue · Quarterly
$101M
Revenue by segment
Grid Dynamics · $101M total across 6 segments · Q2 2025
- Retail$29.6M—29.2%
- Finance$25.4M—25.1%
- Technology, Media and Telecom$25.2M—24.9%
- CPG/Manufacturing$10.6M—10.5%
- Other$7.8M—7.7%
- Healthcare and Pharma$2.56M—2.5%
Forward guidance
No explicit quantitative guidance provided in the 10-Q filing.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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