Grid Dynamics Holdings, Inc. · NASDAQ:GDYN
Grid Dynamics — Q1 2025 Earnings Presentation
27 slides from Grid Dynamics's earnings presentation, May 1, 2025
Slide 1: Investor presentation Q1 2025
Grid Grid Dynamics Dynamics Culture Investor presentation NASDAQ: GDYN | Q1 2025 NASDAQ: GDYN © 2024 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Q4 and Full Year 2024
Slide 2: Disclaimer: Forward-looking statements
Disclaimer Forward-looking statements This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause ac
Slide 3: Global delivery: follow-the-sun
Global delivery: follow-the-sun UK Netherlands Poland Gdansk London Amsterdam Warsaw Ukraine Wroclaw Krakow Seattle USA Switzerland Lviv Kyiv Portland New York Zug Moldova Chisinau Chicago Bucharest Pittsburgh` Belgrade San Francisco Spain Romania Armenia Bay Area (HQ) Madrid Serbia Istanbul Yerevan
Slide 4: Who we are
Who we are Grid Dynamics is a leading provider of technology consulting, platform & product engineering, AI, and digital engagement services for Fortune 1000 corporations undergoing digital transformation. NASDAQ: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / investor
Slide 5: Grid Dynamics at a glance
Who we are | Grid Dynamics at a glance We are a leading provider of technology consulting, product and platform engineering, AI, and advanced analytics for global enterprises undergoing digital transformation. Market leading Leading Q1 2025 REVENUE Strategic M&A expertise Fortune 1,000 clients $100.
Slide 6: Company history
Company history IPO Acquisitions of NASDAQ: GDYN 20 50 200 400 600 800 1.1K 1.4K 1.5K 3.5K 4K 4.9K 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Inception Traction Growth Grid Dynamics was founded in 2006 Grid Dynamics’ growth was fueled by enter
Slide 7: Investment highlights
Investment highlights 1 Large and fast-growing digital transformation market 2 Deep technology expertise with 8 years of AI experience 3 Impressive blue-chip client base with high client retention 4 Global delivery capabilities with focus on Europe, India, and the Americas High-performance, co-innov
Slide 8: Our DNA is centered around technology and innovation
Our DNA is centered around technology and innovation Our unique DNA elevates Grid Dynamics as a strategic partner at global enterprises across Always ahead of the technology curve industry verticals Grid Dynamics Open source, Cloud migration, Microservices, API-first, scalability CICD, cloud, headle
Slide 9: Digital innovation partner for Fortune 1000
Digital innovation partner for Fortune 1000 .TMT. .CPG & Manufacturing . .Finance. Retail. .Healthcare & Pharma . and many more... 9 NASDAQ: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / investor presentation Q1 2025
Slide 10: Recognition by market research companies and alliances
Recognition by market research companies and alliances Best Retail Project Best Retail Project Best Overall Change Project Most Innovative Project 2025 2024 2024 2024 “ “ “ 2024 2022 2022, 2024 Notable provider Strong performer Landscape report Modern Application Modern Application AI Service Provid
Slide 11: End-to-end capabilities to drive digital transformations at scale
End-to-end capabilities to drive digital transformations at scale 18 years ofculture distributed collaboration thousands of digital transformation projects Engineering capabilities Accelerators Composable Experience Engineering Web Mobile AR/VR Commerce Platform Engineering Microservices MACH Supply
Slide 12: Our core expertise and key practice areas
Our core expertise and key practice areas Artificial Intelligence (AI) ML Deep Learning Reinforcement GenAI Optimization Search (Statistical modeling) (Neural networks) Learning Enterprise AI Cloud Data Analytics User Experience Advanced expertise Extensive hands-on Domain specific UX design in the
Slide 13: Enterprise AI in Grid Dynamics
Enterprise AI in Grid Dynamics 8 years in delivering AI TensorHouse solutions for An open-sourced collection of reference ML and optimization world-leading models for enterprise operations ・GitHub repo enterprises Introduction to Algorithmic The Theory and Practice ・40+ models Marketing AI for Marke
Slide 14: Our enterprise AI experiences spans across industry verticals
Our enterprise AI experiences spans across industry verticals Proven successful implementations across core industries and practice areas - some featured engagements Customer Intelligence Pricing and Supply Chain IoT Product Discovery Risk Management TMT Offer Targeting Churn Promotion Price & Promo
Slide 15: Proprietary accelerators enhance the quality and speed of delivery
Grid Dynamics’ proprietary accelerators enhance the quality and speed of delivery Microservices Analytics Platform Platform Semantic Search Recommendations Consumer tailored search by Tailored product Integrated microservices Integrated, cloud-native context / meaning powered recommendations based o
Slide 16: Proven land and expand strategy that enables our clients' digital journeys
Proven land and expand strategy that enables our clients’ digital journeys Typical entry points: Artificial Intelligence Data Science Customer Experience Application Modernization Transform Discover Guide clients to create a product Fuel client transformation path culture & engrain agile methods int
Slide 17: Platform built for sustained growth
Platform built for sustained growth Proven framework for organic growth… …bolstered by actionable M&A pipeline 85–10–5 approach Thoughtful barbell approach to acquisitions to revenue growth 85% Revenue growth attributable to Highly fragmented market provides a mature Grid Dynamics clients steady vol
Slide 18: Partnership is a force multiplier to scale our business
Partnership is a force multiplier to scale our business Outcomes Google’s Global Partner for implementing innovative generative AI solutions Industry penetration Expanded our partnership with Accelerated pipeline Microsoft to include Open AI + Github creation & deal closure Building accelerators on
Slide 19: GigaCube – our strategic initiative to reach $1B in annual revenue
GigaCube – our strategic initiative to reach $1B in annual revenue Geo scalability • Global footprint expansion • Talent acquisition framework Innovation • Investing in our engineering DNA • Create an inspiring engineering culture Industry expansion • Diversification and growth across new industry v
Slide 20: Spotlight on recent acquisitions
Spotlight on recent acquisitions Banking and financial services Empowering Americas delivery industries capabilities Enhanced delivery capabilities Accelerated growth in the banking across the Americas, improving SEPTEMBER 2024 OCTOBER 2024 and financial services industries, client support. particul
Slide 21: Financial overview
Financial overview NASDAQ: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / investor presentation Q1 2025
Slide 22: Grid Dynamics has become increasingly diversified
Grid Dynamics has become increasingly diversified Other 2020 TMT 41% Retail 30% Finance 12% CPG 13% 4% Finance Other 2021 TMT 32% Retail 29% CPG 21% 8% 9% H&P 1% 2022 TMT 32% Finance CPG 20% Other Retail 32% 7% 7% H&P 2% Finance Other 2023 TMT 32% Retail 33% CPG 14% 9% 8% H&P 4% Other 2024 TMT 27% R
Slide 23: Q1 2025 key financial metrics
Q1 2025 key financial metrics GAAP Q1 2025 Non-GAAP Q1 2025 Q1 2025 financial highlights Revenues $100.4M $100.4M • Total revenues were $100.4M, an increase of 0.1% and Q/Q change 0.1% 0.1% 25.8% sequentially and on a year-over-year basis, respectively. YoY change 25.8% 25.8% • GAAP gross profit was
Slide 24: Accelerating business momentum in Q1 2025
Accelerating business momentum in Q1 2025 Q1 2025 revenue Q1 revenue Q1 Non-GAAP gross profit ($ in millions) (% of revenue) ($ in millions) ($ in millions) Retail $31.5 31.4% $37.6 $27.0 $29.0 $28.1 Finance $25.0 24.9% $15.4 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 TMT $23.6 23.5% Non-GAAP gross pro
Slide 25: Annual key metrics (historical)
Annual key metrics (historical) ($ in millions) Revenues Non-GAAP EBITDA ¹ Non-GAAP net income ² $351 $310 $313 $38 $58 $37 $52 $32 $211 $44 $39 $24 $111 $13 $7 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 (6%) 90% 47% 1% 12% 11% 19% 19% 14% 15% 6% 11% 12% 10% 11% YoY g
Slide 26: Annual key metrics (historical)
Annual key metrics (historical) ($ in millions) #Clients > $1M revenue Customer concentration 50 48 48 22% 40% 40% 44% 44% 22% 34 Rest Top 10 Top 5 16% 16% 56% 19% 18% 44% 44% 17 37% 38% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 26 NASDAQ: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights
Slide 27: Thank you!
trusted engineering partner for digital transformation Thank you! Grid Dynamics Holdings, Inc. 5000 Executive Parkway, Suite 520 / San Ramon, CA +1 650-523-5000 info@griddynamics.com www.griddynamics.com NASDAQ: GDYN © 2024 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Q4 and Ful
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