---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-004826"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:02:22.716243+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics Q4 revenue $80.6M beats guidance; full-year revenue up 47% to $310.5M

## Summary
- Q4 revenue $80.6M, above outlook of $77-78M; up 21.1% YoY; full-year revenue $310.5M, up 47% YoY.
- GAAP net loss $(6.7)M ($(0.09)/share) in Q4 vs. $(3.6)M loss a year ago; non-GAAP net income $10.5M ($0.14/diluted).
- Non-GAAP EBITDA $16.5M in Q4 vs. $11.6M in Q4 2021; full-year non-GAAP EBITDA $58.2M vs. $39.1M.
- Acquired Texas-based Mutual Mobile in Dec 2022, adding mobile, UI/UX, AR/VR capabilities.
- TMT vertical grew 38.8% YoY; Retail grew 17.4% YoY; added 13 new enterprise customers in Q4.

## SEC filing metadata
- accession: 0001628280-23-004826
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/0001628280-23-004826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/gdyn-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-004826
- JSON: https://secwatch.observer/filing/0001628280-23-004826.json
- Plain text: https://secwatch.observer/filing/0001628280-23-004826.txt

## Key facts
- Earnings Releases
  GRID DYNAMICS HOLDINGS, INC. reported quarter ended December 31, 2022 results: revenue $80.6 million, net income $(6.7) million, EPS $(0.09) per share.
  - Period: quarter ended December 31, 2022
  - Revenue: $80.6 million
  - Net income: $(6.7) million
  - EPS: $(0.09) per share
  - Result: reported results
  source text: Total revenue was $80.6 million, a decrease of (0.7)% sequentially and an increase of 21.1% year-over-year. • GAAP gross profit was $32.3 million or 40.1% of revenue, compared to GAAP gross profit of $27.3 million or 41.1% of revenue in the fourth quarter of 2021. Non-GAAP gross profit was $32.7 million or 40.6% of revenue, compared to non-GAAP gross profit of $27.6 million or 41.4% of revenue in the fourth quarter of 2021. • GAAP Net loss attributable to common stockholders was $(6.7) million, or $(0.09) per share, based on 74.0 million weighted-average common shares outstanding in fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/0001628280-23-004826-index.htm
- Earnings Releases
  GRID DYNAMICS HOLDINGS, INC. reported year ended December 31, 2022 results: revenue $310.5 million, net income $(29.2) million, EPS $(0.42) per share.
  - Period: year ended December 31, 2022
  - Revenue: $310.5 million
  - Net income: $(29.2) million
  - EPS: $(0.42) per share
  - Result: reported results
  source text: Total revenue was $310.5 million, an increase of 47.0% year-over-year. • GAAP gross profit was $120.6 million or 38.8% of revenue, compared to GAAP gross profit of $87.7 million or 41.5% of revenue in 2021. Non-GAAP gross profit was $121.9 million or 39.3% of revenue, compared to non-GAAP gross profit of $88.4 million or 41.8% of revenue in 2021. • GAAP Net loss attributable to common stockholders was $(29.2) million, or $(0.42) per share, based on 69.2 million weighted-average common shares outstanding
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/0001628280-23-004826-index.htm

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