Grid Dynamics reports record FY rev $411.8M; Q4 GAAP EPS $0.00, non-GAAP $0.10

GRID DYNAMICS HOLDINGS, INC.

Q4 2025 revenue $106.2M (+5.9% YoY); full year revenue $411.8M (+17.5% YoY).
GAAP net income Q4 $0.3M ($0.00 EPS) vs $4.5M ($0.05 EPS) in Q4 2024.
Non-GAAP net income Q4 $8.7M ($0.10 EPS) vs $10.3M ($0.12 EPS) prior year.
AI revenue >$90M in 2025, 30% YoY growth; represented 25% of Q4 revenue.
TMT vertical grew 27.5% YoY; top two technology customers drove growth.

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