secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001628280-25-021520
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828025021520/0001628280-25-021520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828025021520/gdyn-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-021520

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