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Grid Dynamics

Grid Dynamics (GDYN) Q2 2025 Earnings

Reported Jul 31, 2025 at 4:07 PM ET · SEC Source

Q2 25 EPS

$0.10

BEAT +2.04%

Est. $0.10

Q2 25 Revenue

$101.1M

MISS 0.23%

Est. $101.3M

vs S&P Since Q2 25

-59.3%

TRAILING MARKET

GDYN -37.9% vs S&P +21.4%

Market Reaction

Did GDYN Beat Earnings? Q2 2025 Results

Grid Dynamics delivered a mixed but broadly encouraging second quarter, edging past earnings expectations while falling just short on the top line. The IT services firm posted non-GAAP EPS of $0.10, a 2.04% beat against the $0.10 consensus, as revenu… Read more Grid Dynamics delivered a mixed but broadly encouraging second quarter, edging past earnings expectations while falling just short on the top line. The IT services firm posted non-GAAP EPS of $0.10, a 2.04% beat against the $0.10 consensus, as revenue of $101.09 million grew 21.8% year-over-year but trailed the $101.32 million estimate by a slim 0.23%. The clearest engine behind the growth story was vertical diversification; the Finance segment doubled year-over-year for the fourth consecutive quarter, climbing to 25.1% of revenue and cementing its place as the company's second-largest vertical. Meanwhile, the AI and Data practice accounted for 23% of organic revenue in the first half of 2025 and is growing nearly three times faster than the broader organic business, a dynamic that has drawn bullish analyst attention, with at least one Buy-rated price target circulating ahead of the print. Looking ahead, management guided Q3 revenue to $103 to $105 million and reaffirmed full-year 2025 revenue of $415 to $435 million, implying 18.4% to 24.1% annual growth.

Key Takeaways

  • • Finance vertical doubled revenues YoY for the fourth consecutive quarter, driven by fintech demand and 2024 acquisitions
  • • Demand from both new and existing customers prioritizing innovation-centric initiatives
  • • AI and Data practice growing nearly 3x faster than overall organic business
  • • Contributions from 2024 acquisitions across multiple verticals
  • • TMT vertical grew 6.7% sequentially and 8.4% year-over-year
24/7 Wall St

GDYN YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

GDYN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Our second quarter revenue was a record aided by demand from both our new and existing customers, which are prioritizing innovation-centric initiatives from a spending perspective. Our ability to provide high-caliber technology consulting and engineering services continues to promote success for our clients.”

— Leonard Livschitz, Q2 2025 Earnings Press Release

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