---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-044553"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:32:13.591316+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics reports record Q3 revenue of $87.4M, beats guidance, GAAP net income $4.3M

## Summary
- Record Q3 revenue of $87.4M, up 5.3% sequentially and 12.9% YoY, above guidance of $84-$86M.
- GAAP net income $4.3M ($0.05 diluted EPS); non-GAAP net income $8.1M ($0.10 diluted EPS).
- Non-GAAP EBITDA $14.8M vs $10.7M a year ago; gross margin improved to 37.4% GAAP, 38.0% non-GAAP.
- Finance vertical grew 94% YoY to 16.2% of revenue; acquired JUXT and Mobile Computing during Q3.
- AI pipeline exceeds 100 opportunities, up 50% from prior quarter; record billable engineers.

## SEC filing metadata
- accession: 0001628280-24-044553
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743725/000162828024044553/0001628280-24-044553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828024044553/gdyn-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-044553
- JSON: https://secwatch.observer/filing/0001628280-24-044553.json
- Plain text: https://secwatch.observer/filing/0001628280-24-044553.txt

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