Grid Dynamics Holdings, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. Fourth-quarter revenues reached $100.3 million, exceeding the company's outlook range of $95.0 million to $97.0 million and representing a 28.5% year-over-year increase.
For the full year 2024, total revenues were $350.6 million, up from $312.9 million in 2023. The Finance vertical demonstrated exceptional growth, increasing 63.8% sequentially and 180.1% year-over-year, driven by demand from fintech and insurance customers, as well as contributions from recent acquisitions.
The company reported a GAAP net income of $4.5 million for Q4 2024, with diluted earnings per share of $0.05. Grid Dynamics provided full-year 2025 revenue guidance of $415 million to $435 million, projecting a 20% growth over 2024, and Q1 2025 revenue guidance of $99.0 million to $101.0 million.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.