10-Q quarterly report · filed Oct 30, 2025

GRID DYNAMICS HOLDINGS, INC. (GDYN) Q3 2025 10-Q Quarterly Report

Short answer

GRID DYNAMICS HOLDINGS, INC. (GDYN) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $104M (up 19.1% year over year) with net income of $1M.

Q3 2025 key financials · XBRL

Revenue
$104M
+19.1% YoY · +3.0% QoQ
Net income
$1M
−72.5% YoY · −77.7% QoQ
Operating margin
-0.2%
Gross margin
33.3%
EPS (diluted)
$0.02
−60.0% YoY · −66.7% QoQ

Source: XBRL data from the GRID DYNAMICS HOLDINGS, INC. (GDYN) Q3 2025 10-Q on SEC EDGAR. USD.

GRID DYNAMICS HOLDINGS, INC. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $104.2M, up 19.1% YoY from $87.4M
  • Gross margin 33.3% vs 37.4% YoY; operating margin (0.2%) vs 2.4%
  • Finance strongest vertical at $25.6M, up from $14.2M; Retail largest at $29.0M, down 2.9%
  • Non-GAAP EBITDA $12.7M, margin 12.2% vs 16.9% YoY
  • Ukraine conflict, foreign exchange headwinds, higher delivery costs, and regional geopolitical uncertainty affecting outlook

Risk Factors

  • No material risk-factor changes identified; filing references prior Form 10-K and Form 10-Q disclosures
  • General disclosure risk from presently unknown or currently immaterial risks affecting business and common-stock trading price
  • CEO Rule 10b5-1 plan permits sales of up to 1,024,787 shares through December 21, 2026
  • CFO Rule 10b5-1 plan permits sales of up to 54,919 shares through November 6, 2026

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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