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Grid Dynamics(GDYN) - 2025 Q3 - Earnings Call Transcript
2025-10-30 21:30
Financial Data and Key Metrics Changes - The company reported Q3 2025 revenue of $104.2 million, marking a 19.1% year-over-year growth and slightly exceeding the guidance range of $103 million to $105 million [30] - Non-GAAP EBITDA for the quarter was $12.7 million, within the higher end of the guidance range [30] - GAAP net income was $1.2 million, or $0.01 per share, down from $5.3 million in the previous quarter [38] Business Line Data and Key Metrics Changes - The retail vertical contributed $27.8 million, experiencing a sequential decline of 2.1% and a year-over-year decrease of 2.9% [31] - The technology, media, and telecommunications (TMT) vertical accounted for 27.4% of total revenues, growing 13.5% quarter-over-quarter and 18.2% year-over-year [32] - The finance vertical represented 24.6% of total revenues, with slight sequential growth and an 81% year-over-year increase [32] Market Data and Key Metrics Changes - The company added five times more billable engineers in Q3 compared to Q2, indicating strong demand for AI-driven solutions [7] - Partnership influence revenue exceeded 18% of total revenue, reflecting the growing importance of partnerships in driving growth [26] Company Strategy and Development Direction - The company is focused on becoming an AI-first organization, with initiatives aimed at enhancing profitability and margins by at least 300 basis points over the next twelve months [9] - The strategic framework includes three horizons: Efforts Delivery, Agenda Guide at Scale, and Physical AI, aimed at embedding AI into operations and service delivery [11] - The company is committed to disciplined capital allocation, including a $50 million share repurchase program, reflecting confidence in long-term business prospects [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand recovery being structural rather than temporary, with clients shifting from risk management to growth strategies [20] - The company anticipates a materially higher billable run rate by the end of the year, positioning itself well for growth in 2026 [8] - Management noted that AI initiatives are expected to yield quicker ROI compared to traditional digital transformation programs, driving demand [22] Other Important Information - The company ended Q3 with a total headcount of 4,971, down from 5,013 in the previous quarter, while increasing billable headcount [35] - The company is rationalizing its overall headcount to align skill sets and geographies, aiming for greater efficiencies [8] Q&A Session Summary Question: Trends for 2026 growth rates - Management noted that the highest billable headcount in the company's history and longer-duration programs related to AI initiatives provide confidence for growth in 2026 [44] Question: Constraints limiting adoption of AgenTeq AI - Management highlighted that the technology continues to evolve, and they are expanding capabilities to solve a broader spectrum of business problems [48] Question: Contribution of managed services versus custom build activity - The majority of revenue is currently related to solving business cases, fueling overall growth [55] Question: Share repurchase program rationale - The program signals confidence in the company's growth trajectory and is seen as a good return on investment [74] Question: Margin expansion context - Management indicated that the 300 basis points expansion target includes both gross and EBITDA margins, driven by pricing increases and cost optimization [95][100]
X @Binance Wallet
Binance Wallet· 2025-10-02 09:15
Binance Alpha will postpone the listing time for Griffin AI (GAIN) following the contract swap.Trading has temporarily suspended for GAIN. Further announcement will be made once a time is confirmed.Thank you for your understanding and continued support.Binance Wallet (@BinanceWallet):Binance Alpha will support the Griffin AI (GAIN) BEP20 contract swap.Starting from 2025-10-02 at 03:00 UTC, Binance will temporarily suspend trading for GAIN to facilitate the contract swap.Trading of Griffin AI (GAIN) via BEP2 ...
X @Binance Wallet
Binance Wallet· 2025-10-01 11:30
Contract Swap Event - Binance Alpha 将支持 Griffin AI (GAIN) BEP20 合约置换 [1] - Binance 预计于 2025 年 10 月 2 日 03:00 UTC 暂停 GAIN 交易,以进行合约置换 [1] - Griffin AI (GAIN) 通过 BEP20 进行交易预计将于同日 08:00 UTC 恢复 [1]
X @Wu Blockchain
Wu Blockchain· 2025-09-25 01:27
Griffin AI (GAIN), which launched on Binance Alpha yesterday, briefly plunged over 90%. On-chain data shows that at 7:04 AM (UTC+8) today, address 0xF3…8Db2 minted 5 billion GAIN from Null: 0x00…0000, increasing the total supply to 5.2985 billion. Shortly after, the address dumped 147.5 million GAIN on PancakeSwap, profiting at least 2,955 BNB, which was then bridged via deBridge.https://t.co/hA1h9Oa6op ...
X @BitMart
BitMart· 2025-09-24 14:00
Listing & Trading - BitMart lists Griffin AI (GAIN) [1] - Trading pair is GAIN/USDT [1] - Trading starts on September 24, 2025 at 14:00 PM UTC [1] Project Overview - Griffin AI is a no-code agent builder for DeFi [1] - Griffin AI powers more than 15,000 live agents [1]
X @HTX
HTX· 2025-09-24 11:33
📣New Listing Alert!$GAIN on HTX Innovation Zone!✅️Deposits Opened📈Trading Starts Soon!@Griffin_AIhttps://t.co/ZXmSpNxDYA https://t.co/whd74I12zI ...
X @BitMart
BitMart· 2025-09-24 09:00
Listing Announcement - BitMart announces the primary listing of Griffin AI (GAIN) [1] - Trading pair: GAIN/USDT [2] - Trading is scheduled for September 24, 2025, at 14:00 PM UTC [2] Project Overview - Griffin AI is described as the fastest-growing no-code agent builder for DeFi [1] - Griffin AI powers more than 15,000 live agents [1]