Grid Dynamics Q3 revenue up 19.1%, beats expectations

Grid Dynamics Holdings

30/10/2025 20:46

Overview

Grid Dynamics Q3 revenue grows 19.1% yr/yr, beating analysts' expectations

Adjusted EPS for Q3 comes in line with analysts' estimates

Company announces $50 mln share repurchase program

Outlook

Company expects Q4 2025 revenue between $105.0 mln and $107.0 mln

Grid Dynamics sees full-year 2025 revenue at $410.7 mln to $412.7 mln

Company plans to improve margins by at least 300 basis points over 12 months

Result Drivers

TMT GROWTH - TMT vertical surpassed Finance, driven by higher demand from technology customers, accounting for 27.4% of revenue

AI DEMAND - AI revenue grew 10% sequentially, contributing over 25% of organic revenue

FINTECH DEMAND - Finance vertical growth driven by fintech demand and 2024 acquisitions, contributing 24.6% of total revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$104.17 mln
$103.60 mln (5 Analysts)
Q3 Adjusted EPS
Meet
$0.09
$0.09 (5 Analysts)
Q3 EPS
$0.01
Q3 Adjusted Net Income
Beat
$8.15 mln
$7.11 mln (4 Analysts)
Q3 Adjusted EBITDA
Beat
$12.70 mln
$12.40 mln (5 Analysts)
Q3 Adjusted Gross Profit
$35.24 mln
Q3 Gross Profit
$34.71 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Grid Dynamics Holdings Inc is $13.00, about 37.7% above its October 29 closing price of $8.10

Press Release: ID:nBw4P5nJTa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)