---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-040510"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2021-08-05T23:59:59+00:00"
generated_at: "2026-06-29T21:52:46.679835+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics Q2 revenue $47.7M record, up 113% YoY; non-GAAP net income $6.1M

## Summary
- Revenue $47.7M, up 21.8% sequentially and 113.1% YoY; organic revenue $38.4M, up 17.7% sequentially.
- GAAP net loss $(1.5)M ($(0.03)/share) improved from $(2.1)M in Q1; non-GAAP net income $6.1M ($0.10 diluted).
- Non-GAAP EBITDA $9.7M, up from $5.3M in Q1 and $1.2M in Q2 2020.
- 212 total customers (161 from acquisitions, 51 organic); organic added 5 new customers in Q2.
- Non-retail verticals 73.3% of revenue; Tech/Media/Telecom largest at 33.8%.

## SEC filing metadata
- accession: 0001213900-21-040510
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2021-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000121390021040510/0001213900-21-040510-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000121390021040510/ea145210-8k_griddyn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-040510
- JSON: https://secwatch.observer/filing/0001213900-21-040510.json
- Plain text: https://secwatch.observer/filing/0001213900-21-040510.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.