Grid Dynamics Q1 revenue $79.8M, beats guidance; net loss narrows to $3.9M

GRID DYNAMICS HOLDINGS, INC.

2024-Q1 EPS reported -$0.05 revenue$79,817,000

Revenue of $79.8M (flat YoY, +2.2% QoQ) above guidance of $77-79M.
GAAP net loss narrowed to $3.9M ($0.05 loss per share) from $8.0M loss a year ago.
Non-GAAP net income $5.2M ($0.07 diluted EPS); Non-GAAP EBITDA $10.3M.
Finance vertical revenue surged 57% YoY; Healthcare & Pharma separated as new vertical at 3.8% of revenue.
CEO reports record billable engineers; new client wins at Fortune 1000 retailers and Fortune 500 telecom.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GRID DYNAMICS HOLDINGS, INC. reported First Quarter 2024 results: revenue $79.8 million, net income ($3.9 million), EPS ($0.05).

Period: First Quarter 2024
Revenue: $79.8 million
Net income: ($3.9 million)
EPS: ($0.05)
Result: reported results

Exact text from the filing

Grid Dynamics Reports First Quarter 2024 Financial Results Revenue of $79.8 million and GAAP Net Loss of $3.9 million

View on SEC.gov

1435 earnings releases filed in the last 30 days. Browse all earnings releases →

GRID DYNAMICS HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-019988

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.