secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001628280-24-044553
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024044553/0001628280-24-044553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024044553/gdyn-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044553

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