secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034134
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q2 revenue $83.0M, above guidance; GAAP net loss $0.8M
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- Record revenue of $83.0M, above guidance range of $80-82M; up 7.4% YoY and 4% sequential.
- GAAP net loss $0.8M ($(0.01)/share) vs Q2 2023 net income $2.6M ($0.03). Non-GAAP net income $6.0M ($0.08 diluted).
- Finance vertical revenue up 86.2% YoY and 22.7% sequential; Retail and TMT top verticals.
- Non-GAAP EBITDA $11.7M vs $12.0M YoY; gross margin 35.6% GAAP, 36.2% non-GAAP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024034134/0001628280-24-034134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024034134/gdyn-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer