---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-021520"
form_type: "8-K"
ticker: "GDYN"
cik: "0001743725"
company_name: "GRID DYNAMICS HOLDINGS, INC."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:48:51.274135+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grid Dynamics Q1 2025 record revenue $100.4M, GAAP net income $2.9M, EPS $0.03

## Summary
- Revenue $100.4M (record), up 25.8% YoY; slightly above guidance range of $98M-$100M.
- GAAP net income $2.9M ($0.03 diluted EPS) vs net loss of $3.9M ($0.05 loss) in Q1 2024.
- Non-GAAP net income $10.0M ($0.11 diluted EPS); Non-GAAP EBITDA $14.6M vs $10.3M YoY.
- Finance vertical revenue up 144% YoY, becoming second largest vertical at 24.9% of revenue.
- Company maintains full-year 2025 revenue outlook; highest-ever billable engineering headcount.

## SEC filing metadata
- accession: 0001628280-25-021520
- form_type: 8-K
- ticker: GDYN
- cik: 0001743725
- company_name: GRID DYNAMICS HOLDINGS, INC.
- filed_at: 2025-05-01T23:59:59+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/1743725/000162828025021520/0001628280-25-021520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743725/000162828025021520/gdyn-20250501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-021520
- JSON: https://secwatch.observer/filing/0001628280-25-021520.json
- Plain text: https://secwatch.observer/filing/0001628280-25-021520.txt

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