---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-056748"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T13:12:47.145560+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics posts record Q3 revenue of $57.9M, up 120% YoY; non-GAAP net income $7.9M

## Summary
- Revenue $57.9M, up 21.5% sequentially and 120% YoY; organic revenue $44.1M (+14.8% seq).
- GAAP net loss $0.5M ($0.01/share); non-GAAP net income $7.9M ($0.11/diluted share).
- Non-GAAP gross margin 43.9%; non-GAAP EBITDA $12.5M.
- Retail vertical grew 43.5% seq and 198.2% YoY; 215 customers, 7 new organic in Q3.
- CEO says exceeded expectations; confidence in Q4/2022; redeemed all outstanding warrants.

## SEC filing metadata
- accession: 0001213900-21-056748
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000121390021056748/0001213900-21-056748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000121390021056748/ea149837-8k_griddyn.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-056748
- JSON: https://secwatch.observer/filing/0001213900-21-056748.json
- Plain text: https://secwatch.observer/filing/0001213900-21-056748.txt

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