Grid Dynamics Holdings, Inc. · NASDAQ:GDYN

Grid Dynamics — Q3 2025 Earnings Presentation

31 slides from Grid Dynamics's earnings presentation, Oct 30, 2025

  1. Slide 1: Investor presentation Q3 2025

    Grid Grid Dynamics Dynamics Culture Investor presentation Nasdaq: GDYN | Q3 2025 NASDAQ: GDYN © 2024 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Q4 and Full Year 2024

  2. 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

  3. Slide 3: Global delivery: follow-the-sun

    Global delivery: follow-the-sun Netherlands Gdansk Poland UK 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

  4. 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

  5. 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 Q3 2025 REVENUE Strategic M&A expertise Fortune 1,000 clients $104.

  6. 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 5K 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 enterpr

  7. 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

  8. 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

  9. 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 Q3 2025

  10. 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 2025, 2024 2024 2024 “ “ “ 2024 2022 2025, 2024, 2022 Notable provider Strong performer Landscape report Modern Application Modern Application AI Se

  11. Slide 11: 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

  12. Slide 12: End-to-end capabilities to drive digital transformations at scale

    End-to-end capabilities to drive digital transformations at scale 19 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

  13. Slide 13: Enterprise AI in Grid Dynamics

    Enterprise AI in Grid Dynamics 9 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 Marketing AI for Marketing OPS The Theory and Practice of

  14. Slide 14: AI opportunity: 2023 to 2028

    AI opportunity: 2023 to 2028* AI still requires human experience & innovative delivery 8): ~24% 2 02 23 to Of companies Of companies plan (20 CAGR 5-Yr ~$85B 85% consider AI deployment as a 66% to spend more than $1M on AI in ~$72B top 5 priority* 2024* ~$56B ~$48B ~$38B ~$29B Companies will Edge ca

  15. Slide 15: 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

  16. Slide 16: 40+ proprietary accelerators drive competitive advantage

    40+ proprietary accelerators drive competitive advantage Pre-built, industry-tested solutions reduce Fortune 1000 implementation time from 12+ months to 6-9 months while ensuring enterprise-grade security and scalability 40+ 50% $1M+ Proprietary Accelerators Faster Implementation Avg. Client Savings

  17. Slide 17: 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

  18. Slide 18: 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

  19. Slide 19: 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

  20. Slide 20: 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

  21. Slide 21: Financial overview

    Financial overview Nasdaq: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q3 2025

  22. Slide 22: Grid Dynamics has become increasingly diversified

    Grid Dynamics has become increasingly diversified Other Q3 2021 Retail 32% TMT 30% Finance 9% CPG 19% 9% H&P 1% Finance Other Q3 2022 Retail 31% TMT 32% CPG 20% 8% 7% H&P 2% Q3 2023 Retail 34% Finance CPG 13% Other TMT 31% 9% 9% H&P 4% Q3 2024 Retail 34% TMT 28% CPG 11% Other Finance 16% 8% H&P 3% O

  23. Slide 23: Q3 2025 key financial metrics

    Q3 2025 key financial metrics GAAP Q3 2025 Non-GAAP Q3 2025 Q3 2025 financial highlights Revenues $104.2M $104.2M • Total revenues were $104.2M, an increase of 3.0% and Q/Q change 3.0% 3.0% 19.1% sequentially and on a year-over-year basis, respectively. YoY change 19.1% 19.1% • GAAP gross profit was

  24. Slide 24: Accelerating business momentum in Q3 2025

    Accelerating business momentum in Q3 2025 Q3 2025 revenue Q3 revenue Q3 Non-GAAP gross profit ($ in millions) (% of revenue) ($ in millions) ($ in millions) Retail $29.0 27.8% $33.0 $33.3 $35.2 $28.7 $25.4 TMT $28.6 27.4% Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 Finance $25.6 24.6% Non-GAAP gross pro

  25. Slide 25: Q3 key metrics

    Q3 key metrics ($ in millions) Non-GAAP EBITDA ¹ Non-GAAP net income ² $17 $11 $11 $15 $13 $8 $8 $13 $8 $11 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 22% 21% 14% 17% 12% 14% 13% 10% 12% 8% % margin % margin 1. Non-GAAP EBITDA: net income/(loss) before interest i

  26. Slide 26: Q3 2025 key metrics

    Q3 2025 key metrics ($ in millions) #Customers > $1M revenue Customer concentration 44 44 38 42% 39% 46% 41% 42% 36 26 Rest Top 10 17% Top 5 16% 19% 18% 17% 45% 42% 40% 40% 37% 9M 2021 9M 2022 9M 2023 9M 2024 9M 2025 Q3 2021 Q3 2022 Q3 2023 Q3 2024 Q3 2025 26 Nasdaq: GDYN © 2025 Grid Dynamics Holdin

  27. Slide 27: Thank you!

    trusted engineering partner for digital transformation Thank you! Grid Dynamics Holdings, Inc. 6101 Bollinger Canyon Road, STE 465/ 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 Fu

  28. Slide 28: Appendix

    Appendix Nasdaq: GDYN © 2025 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q3 2025

  29. Slide 29: 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

  30. Slide 30: 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

  31. Slide 31: Annual key metrics (historical)

    Annual key metrics (historical) ($ in millions) #Customers > $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 31 Nasdaq: GDYN © 2025 Grid Dynamics Holdings, Inc. All right

Grid Dynamics Holdings — Q3 2025 Earnings Presentation on 6ix