---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036387"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:41:24.655907+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics Q3 revenue flat at $77.4M; GAAP net income $0.7M, EPS $0.01

## Summary
- Revenue $77.4M, flat YoY; GAAP net income $0.7M (EPS $0.01) vs loss of $6.7M in Q3 2022.
- Non-GAAP net income $5.9M ($0.08 diluted EPS) vs $11.0M ($0.15) prior year; EBITDA $10.7M vs $17.1M.
- Gross margin declined to 36.4% GAAP from 40.3% YoY; non-GAAP gross margin 37.0% vs 40.7%.
- Finance vertical revenue grew 20.2% YoY to 9.4% of total; CPG & Manufacturing dropped 39.8% YoY.
- Signed 10 new enterprise customers in Q3; total 28 YTD; CEO cites improving demand trends for Q4.

## SEC filing metadata
- accession: 0001628280-23-036387
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000162828023036387/0001628280-23-036387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828023036387/gdyn-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036387
- JSON: https://secwatch.observer/filing/0001628280-23-036387.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036387.txt

## Key facts
- Earnings Releases
  GRID DYNAMICS HOLDINGS, INC. reported the third quarter ended September 30, 2023 results: revenue $77.4 million, net income $0.7 million, EPS $0.01 per share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $77.4 million
  - Net income: $0.7 million
  - EPS: $0.01 per share
  - Result: reported results
  source text: Total revenue was $77.4 million, flat on a year-over-year basis. • GAAP gross profit was $28.2 million or 36.4% of revenue in the third quarter of 2023, compared to GAAP gross profit of $32.7 million or 40.3% of revenue in the third quarter of 2022. Non-GAAP gross profit was $28.7 million or 37.0% of revenue in the third quarter of 2023, compared to Non-GAAP gross profit of $33.0 million or 40.7% of revenue in the third quarter of 2022. • GAAP Net Income attributable to common stockholders was $0.7 million, or $0.01 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828023036387/0001628280-23-036387-index.htm

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