Grid Dynamics achieved record fourth-quarter and full-year revenues for 2025, driven by strong performance in the Technology, Media, and Telecom (TMT) vertical and growing AI-related demand. While revenue grew 5.9% year-over-year in Q4, GAAP net income saw a decrease compared to the prior year due to higher cost of revenues and operating expenses.

Grid Dynamics announced record revenues of $100.4 million for the first quarter of 2025, slightly exceeding their outlook. The company achieved GAAP net income of $2.9 million and saw strong growth in the Finance vertical, which increased 144.3% year-over-year.

Grid Dynamics achieved record revenues of $100.3 million in Q4 2024, exceeding guidance, and reported a net income of $4.5 million. Full year revenues reached $350.6 million, marking a significant increase from the previous year. The company's growth was fueled by strong performance in the Financial vertical and strategic acquisitions.

Grid Dynamics reported record revenues of $87.4 million for Q3 2024, exceeding their outlook range. The company's GAAP net income was $4.3 million, and they saw growth in their Finance vertical, driven by finance technology and insurance customers. They also acquired JUXT and Mobile Computing to enhance their expertise and capabilities.

Grid Dynamics reported record revenue of $83.0 million for Q2 2024, a 7.4% increase year-over-year. However, the company also reported a GAAP net loss of $0.8 million, or $(0.01) per share.

Grid Dynamics reported first quarter revenue of $79.8 million, which was higher than the outlook range. However, the company experienced a GAAP net loss of $3.9 million.

Grid Dynamics reported Q4 2023 revenue of $78.1 million, flat sequentially and a decrease of 3.1% year-over-year. The company added five new enterprise logos and saw growth in the Technology, Media and Telecom, Finance, and Other verticals.

Grid Dynamics reported third quarter revenue of $77.4 million, flat year-over-year. GAAP net income was $0.7 million, or $0.01 per share. The company signed ten new enterprise customers, bringing the total to 28 since the beginning of the year. The company expects its fourth-quarter outlook to be similar to the third quarter outlook provided in August 2023 for both revenue and Non-GAAP EBITDA.

Grid Dynamics reported Q2 2023 financial results with a revenue of $77.3 million, flat compared to the same quarter last year. The company achieved a GAAP net income of $2.6 million, or $0.03 per share, a significant improvement from the GAAP net loss of $13.2 million, or $(0.20) per share in Q2 2022.

Grid Dynamics reported a revenue of $80.1 million for Q1 2023, representing a 12.1% year-over-year increase. The company's non-retail industry verticals accounted for 68.3% of the revenue. GAAP net loss attributable to common stockholders was $(8.0) million, or $(0.11) per share. Non-GAAP net income was $6.5 million, or $0.08 per diluted share.

Grid Dynamics reported strong Q4 2022 financial results, with revenue reaching $80.6 million, a 21.1% increase year-over-year. The company exceeded its revenue outlook and added 13 new enterprise customers. Non-GAAP EPS was $0.14. The company also acquired Mutual Mobile, Inc. in December 2022.

Grid Dynamics reported record revenue of $81.2 million for Q3 2022, a 40.1% increase year-over-year. The company exceeded revenue and profitability targets and signed multiple new customers, including two Fortune 30 companies.

Grid Dynamics reported a record revenue of $77.3 million for Q2 2022, representing a 62.2% year-over-year increase. The company experienced growth across most of its verticals and customers, marking the eighth consecutive quarter of record revenues.

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.

Grid Dynamics reported a record fourth quarter revenue of $66.5 million, representing a 120.9% increase year-over-year. The company's growth was driven by expansions across various verticals and customer acquisitions, including contributions from recent acquisitions. Despite a GAAP net loss, the company achieved non-GAAP profitability and significant EBITDA growth.

Grid Dynamics reported a record revenue of $57.9 million for Q3 2021, representing a 21.5% sequential increase and a 120.0% year-over-year increase. The company experienced growth across all verticals and exceeded profitability targets.

Grid Dynamics reported record revenue of $47.7 million for Q2 2021, a 21.8% increase sequentially and 113.1% year-over-year. The company saw healthy business momentum across all industry verticals and achieved long-term profitability targets.

Grid Dynamics reported record revenue of $39.1 million for Q1 2021, a 30% sequential increase and a 21% year-over-year increase. Excluding the $6.5 million revenue from the Daxx acquisition, revenue grew 12% sequentially to $32.6 million. The company's non-retail verticals accounted for 77% of revenue and grew 36% sequentially and 85% year-over-year.

Grid Dynamics announced positive Q4 results, delivering $30.1 million in revenue. Organic revenue grew 11% sequentially, exceeding prior guidance. The company added 5 new logos and saw growth in non-retail industry verticals.

Grid Dynamics announced strong Q3 2020 results with $26.3 million in revenue, representing 18% sequential growth. The company experienced a GAAP Net Loss of $(1.1) million but generated a positive Adjusted EBITDA of $4.2 million.

Grid Dynamics reported Q2 2020 revenue of $22.4 million, at the high end of the guidance range. Non-retail industry verticals showed strong growth. The company posted a GAAP net loss of $2.2 million but generated positive adjusted EBITDA of $1.2 million. They anticipate Q2 to be the low point for 2020, with recovery expected from Q3 onwards.

Grid Dynamics announced its first quarter 2020 financial results, reporting a revenue of $32.5 million, which represents a 24% increase year-over-year. The company exited the quarter with 37 customers, up from 24 in the same period a year ago.