---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-006330"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:50:01.866285+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics Q4 revenue $78.1M beats guidance; GAAP net income turns positive

## Summary
- Q4 revenue $78.1M, flat sequentially and down 3.1% YoY; full year $312.9M, up 0.8% YoY.
- GAAP net income Q4 $2.9M ($0.04 diluted EPS) vs net loss of $6.7M ($0.09 loss) in Q4 2022.
- Non-GAAP net income Q4 $5.7M ($0.07 diluted) vs $10.5M ($0.14) in prior year; margin compressed.
- Q4 revenue exceeded guidance range of $76M-$78M; CEO cites improving demand environment.
- Added 5 new enterprise logos in Q4; Retail vertical mix declined to 31.5% from 34.3% sequentially.

## SEC filing metadata
- accession: 0001628280-24-006330
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/0001628280-24-006330-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/gdyn-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-006330
- JSON: https://secwatch.observer/filing/0001628280-24-006330.json
- Plain text: https://secwatch.observer/filing/0001628280-24-006330.txt

## Key facts
- Earnings Releases
  GRID DYNAMICS HOLDINGS, INC. reported the fourth quarter ended December 31, 2023 results: revenue $78.1 million, net income $2.9 million, EPS $0.04 per share.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $78.1 million
  - Net income: $2.9 million
  - EPS: $0.04 per share
  - Result: reported results
  source text: Total revenue was $78.1 million, flat sequentially and decreased 3.1% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/0001628280-24-006330-index.htm
- Earnings Releases
  GRID DYNAMICS HOLDINGS, INC. reported the full year ended December 31, 2023 results: revenue $312.9 million, net income $1.8 million, EPS $(0.02) per share.
  - Period: the full year ended December 31, 2023
  - Revenue: $312.9 million
  - Net income: $1.8 million
  - EPS: $(0.02) per share
  - Result: reported results
  source text: Total revenue was $312.9 million, an increase of 0.8% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/0001628280-24-006330-index.htm

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