{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-015711","form_type":"8-K","ticker":"GDYN","cik":"0001743725","company_name":"GRID DYNAMICS HOLDINGS, INC.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.343879+00:00","generated_at":"2026-06-15T22:30:59.687982+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Grid Dynamics Q1 revenue up 12.1% to $80.1M; GAAP net loss widens to $8.0M","bullets":["GAAP net loss $(8.0)M ($(0.11)/share) vs $(2.7)M ($(0.04)/share) YoY; non-GAAP net income $6.5M ($0.08/diluted).","Non-GAAP EBITDA $10.8M vs $11.4M YoY; GAAP gross margin 35.7% (37.5% YoY), non-GAAP gross margin 36.3% (37.8% YoY).","TMT vertical (33.5% of revenue) grew 25% YoY; Finance vertical grew 43.9% YoY; CPG & Manufacturing fell 15.6% YoY.","Signed new enterprise clients in global pharma and US telecom; established partnerships in supply-chain and marketing areas.","Total headcount and operating cash flow not disclosed; CEO cited strong pipeline and AI generative applications with clients."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-015711","json":"https://secwatch.observer/filing/0001628280-23-015711.json","markdown":"https://secwatch.observer/filing/0001628280-23-015711.md","text":"https://secwatch.observer/filing/0001628280-23-015711.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1743725/000162828023015711/0001628280-23-015711-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1743725/000162828023015711/gdyn-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:30:59.687982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"72f8ddf92c1f7a45c47a176461d2f1e65a7b17d5","claim":"GRID DYNAMICS HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $80.1 million, net income $(8.0) million, EPS $(0.11) per share.","evidence_excerpt":"• Total revenue was $80.1 million, a 12.1% year-over-year increase. • GAAP gross profit was $28.6 million or 35.7% of revenue in the first quarter of 2023, compared to GAAP gross profit of $26.8 million or 37.5% of revenue in the first quarter of 2022. Non-GAAP gross profit was $29.0 million or 36.3% of revenue in the first quarter of 2023, compared to Non-GAAP gross profit of $27.0 million or 37.8% of revenue in the first quarter of 2022. • GAAP Net loss attributable to common stockholders was $(8.0) million, or $(0.11) per share, based on 74.5 million weighted-average common shares outstanding in the first quarter of 2023, compared to GAAP Net loss of $(2.7) million, or $(0.04) per share, based on 66.9 million weighted-average common shares outstanding in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1743725/000162828023015711/0001628280-23-015711-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$80.1 million"},{"label":"Net income","value":"$(8.0) million"},{"label":"EPS","value":"$(0.11) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}