Slide 1: Grid Dynamics Investor presentation Q1 2026
Grid Grid Dynamics Dynamics Investor Culture presentation Nasdaq: GDYN | Q1 2026 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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts, and involve risks and uncerta
Slide 3: We're already embedded in Fortune 1000 operations
We're already embedded in Fortune 1000 operations - you've likely experienced our AI without knowing it Digital Enhanced Expand existing & Reduced labor experience build new revenue risk streams AI agents that augment Customer-facing AI that Fraud, compliance, and automate drives engagement AI-enabl
Slide 4: Who we are | 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 2026 REVENUE Strategic M&A expertise Fortune 1,000 clients $104.
Slide 5: Global delivery
Global delivery Netherlands Poland UK Gdansk London Amsterdam Warsaw Ukraine Wroclaw Krakow Seattle USA Switzerland Lviv Kyiv Portland New York Zug Moldova Chisinau Chicago Bucharest San Francisco Pittsburgh` Spain Belgrade Armenia Bay Area (HQ) Serbia Romania Madrid Istanbul Yerevan Atlanta Baku Az
Slide 6: Company history
Company history IPO Nasdaq: GDYN Acquisitions of 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
Slide 7: Investment highlights
Investment highlights 1 Large and fast-growing AI transformation market 2 Deep technology expertise with 9 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-innovation
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 Open source, Cloud migration, Microservices, API-first, Grid Dynamics AI Native (GAIN) platforms Grid
Slide 9: Digital innovation partner for the Fortune 1000
Digital innovation partner for the Fortune 1000 .TMT. .CPG & Manufacturing . .Finance . Retail . .Healthcare & Pharma . and many more... 9 Nasdaq: GDYN © 2026 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q1 2026
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
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 in Extensive hands-on Domain specific UX design in the
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 projects transformation Engineering capabilities Accelerators Composable Experience Engineering Web Mobile AR/VR Commerce Platform Engineering Microservices MACH Supply
Slide 13: Enterprise AI in Grid Dynamics
Enterprise AI in Grid Dynamics 9 years in delivering AI Meta-prompting, context engineering, solutions for and centralized instructions management for AI coding agents world-leading enterprises Introduction to Algorithmic Marketing AI for Marketing OPS The Theory and Practice of Enterprise AI (2022)
Slide 14: AI still requires human experience & innovative delivery
AI still requires human AI opportunity: 2023 to 2028* experience & innovative delivery % 028 ): ~24 023 to 2 Of companies Of companies plan AGR (2 5-Yr C ~$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
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
Slide 16: A family of AI platforms built for enterprise outcomes
GRID DYNAMICS AI NATIVE (GAIN) PLATFORMS A family of AI platforms built for enterprise outcomes Agentic Commerce SDLC AI-native commerce platform combining Accelerate software delivery with AI intelligent search, personalization, and embedded across planning, development, autonomous customer engagem
Slide 17: 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
Slide 18: 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 into
Slide 19: 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 20: 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 21: Financial overview
Financial overview Nasdaq: GDYN © 2026 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q1 2026
Slide 22: Grid Dynamics has become increasingly diversified
Grid Dynamics has become increasingly diversified Finance Other TMT 30% Retail 33% CPG 21% 6% 8% H&P 2% TMT 34% Retail 32% Finance Other CPG 16% 8% 6% H&P 4% Finance Other TMT 30% Retail 31% CPG 12% 13% 10% H&P 4% Other TMT 24% Retail 31% Finance 25% CPG 11% 7% H&P 2% Other TMT 30% Retail 28% Finance
Slide 23: Q1 2026 key financial metrics
Q1 2026 key financial metrics GAAP Q1 2026 Non-GAAP Q1 2026 Q1 2026 financial highlights Revenues $104.1M $104.1M • Total revenues were $104.1M, a decrease of 1.9% Q/Q change (1.9)% (1.9)% sequentially and an increase of 3.7% on a year-over-year basis, respectively. YoY change 3.7% 3.7% • GAAP gross p
Slide 24: Accelerating business momentum in Q1 2026
Accelerating business momentum in Q1 2026 Q1 2026 revenue Q1 revenue Q1 Non-GAAP gross profit ($ in millions) (% of revenue) ($ in millions) ($ in millions) TMT $30.7 29.5% Retail $29.6 28.4% Finance $24.5 23.5% Non-GAAP gross profit margin (%) CPG $9.8 9.4% Healthcare & Pharma $2.1 2.1% Other $7.4 7.
Slide 25: Q1 key metrics
Q1 key metrics ($ in millions) Non-GAAP EBITDA (1) Non-GAAP net income (2) 15.9% 13.5% 12.9% 14.5% 12.0% 9.7% 9.9% 9.5% 9.9% 7.2% % margin % margin 1. Non-GAAP EBITDA: net income/(loss) before interest income/expense, provision for income taxes and depreciation and amortization, and further adjusted
Slide 26: Q1 2026 key metrics
Q1 2026 key metrics ($ in millions) #Customers > $1M revenues Customers concentration 26 Nasdaq: GDYN © 2026 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q1 2026
Slide 27: Thank you!
trusted engineering partner for digital transformation Thank you! Grid Dynamics Holdings, Inc. 6101 Bollinger Canyon Road, STE 465/ San Ramon, CA +1 650-523-5000 info@griddynamics.com www.griddynamics.com NASDAQ: GDYN © 2024 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Q4 and Fu
Slide 28: Appendix
Appendix Nasdaq: GDYN © 2026 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q1 2026
Slide 29: Grid Dynamics has become increasingly diversified
Grid Dynamics has become increasingly diversified Finance CPG 21% Other TMT 29% Retail 32% 8% 9% H&P 1% Finance Other TMT 32% Retail 32% CPG 20% 7% 7% H&P 2% Finance CPG 14% Other TMT 32% Retail 33% 9% 8% H&P 4% Finance Other TMT 27% Retail 33% 17% CPG 12% 8% H&P 3% Finance 24% Other TMT 26% Retail 2
Slide 30: Annual key metrics (historical)
Annual key metrics (historical) ($ in millions) Revenues Non-GAAP EBITDA (1) Non-GAAP net income (2) 89.9% 47.0% 0.8% 12.0% 17.5% 18.5% 18.7% 14.1% 15.0% 13.1% 11.4% 12.3% 10.1% 10.6% 8.5% YoY growth % margin % margin 1. Non-GAAP EBITDA: net income/(loss) before interest income/expense, provision fo
Slide 31: Annual key metrics (historical)
Annual key metrics (historical) ($ in millions) #Customers > $1M revenues Customers concentration 31 Nasdaq: GDYN © 2026 Grid Dynamics Holdings, Inc. All rights reserved. Grid Dynamics / Investor presentation Q1 2026