GRID DYNAMICS HOLDINGS, INC.GDYNEarnings & Financial Report
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
Revenue
$83.0M
Gross Profit
$29.6M
Operating Profit
$40.0K
Net Profit
$-817.0K
Gross Margin
35.6%
Operating Margin
0.0%
Net Margin
-1.0%
YoY Growth
7.4%
EPS
$-0.01
GRID DYNAMICS HOLDINGS, INC. Q2 FY2024 Financial Summary
GRID DYNAMICS HOLDINGS, INC. reported revenue of $83.0M (up 7.4% YoY) for Q2 FY2024, with a net profit of $-817.0K (down 131.1% YoY) (-1.0% margin). Cost of goods sold was $53.5M, operating expenses totaled $29.5M.
Key Financial Metrics
| Total Revenue | $83.0M |
|---|---|
| Net Profit | $-817.0K |
| Gross Margin | 35.6% |
| Operating Margin | 0.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
GRID DYNAMICS HOLDINGS, INC. Q2 FY2024 revenue of $83.0M breaks down across 6 segments, led by Retail at $26.8M (32.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail | $26.8M | 32.2% |
| Technology Media And Telecom | $23.2M | 28.0% |
| Financial Service | $12.6M | 15.1% |
| Manufactured Product Other | $9.8M | 11.9% |
| Other | $7.5M | 9.0% |
| Health Care | $3.2M | 3.8% |
GRID DYNAMICS HOLDINGS, INC. Revenue by Segment — Quarterly Trend
GRID DYNAMICS HOLDINGS, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail and Technology Media And Telecom) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Retail | — | — | $29.6M | $31.5M |
| Technology Media And Telecom | $30.1M | $28.6M | $25.2M | $23.6M |
| Financial Service | $24.3M | $25.6M | — | $25.0M |
| Manufactured Product Other | $10.8M | $10.9M | $10.6M | $10.8M |
| Other | $30.6M | $28.5M | $25.7M | — |
GRID DYNAMICS HOLDINGS, INC. Annual Revenue by Year
GRID DYNAMICS HOLDINGS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $411.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $411.8M |
| 2024 | $350.6M |
| 2023 | $312.9M |
| 2022 | $310.5M |
GRID DYNAMICS HOLDINGS, INC. Quarterly Revenue & Net Profit History
GRID DYNAMICS HOLDINGS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $106.2M | +5.9% | $306.0K | 0.3% |
| Q3 FY2025 | $104.2M | +19.1% | $1.2M | 1.1% |
| Q2 FY2025 | $101.1M | +21.7% | $5.3M | 5.2% |
| Q1 FY2025 | $100.4M | +25.8% | $2.9M | 2.9% |
| Q4 FY2024 | $100.3M | +28.5% | $4.5M | 4.5% |
| Q3 FY2024 | $87.4M | +12.9% | $4.3M | 4.9% |
| Q2 FY2024 | $83.0M | +7.4% | $-817.0K | -1.0% |
| Q1 FY2024 | $79.8M | -0.3% | $-3.9M | -4.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.8M | $83.0M | $87.4M | $100.3M | $100.4M | $101.1M | $104.2M | $106.2M |
| YoY Growth | -0.3% | 7.4% | 12.9% | 28.5% | 25.8% | 21.7% | 19.1% | 5.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $435.3M | $443.6M | $477.3M | $592.2M | $590.9M | $608.9M | $613.2M | $612.9M |
| Liabilities | $52.5M | $55.2M | $77.0M | $74.4M | $73.5M | $76.7M | $75.4M | $70.8M |
| Equity | $382.8M | $388.4M | $400.2M | $517.8M | $517.4M | $532.2M | $537.7M | $542.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.2M | $10.7M | $9.2M | $7.1M | $9.4M | $14.4M | $7.0M | $9.9M |