---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-019988"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:43:53.654448+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-019988
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1743725/000162828024019988/0001628280-24-019988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828024019988/gdyn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-019988
- JSON: https://secwatch.observer/filing/0001628280-24-019988.json
- Plain text: https://secwatch.observer/filing/0001628280-24-019988.txt

## Key facts
- Earnings Releases
  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
  source text: Grid Dynamics Reports First Quarter 2024 Financial Results Revenue of $79.8 million and GAAP Net Loss of $3.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743725/000162828024019988/0001628280-24-019988-index.htm

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