Highest-materiality recent filing
Grid Dynamics Q2 revenue $108.2M, above guidance; AI revenue hits record 30.7% of total
Revenue $108.2M, above guidance $106-108M; up 7% YoY and 3.9% sequentially.
Grid Dynamics Q1 revenue $104.1M (above guidance); AI revenue hits record 29.3%; GAAP net loss $1.5M
Revenue $104.1M, above guidance range $103-104M; up 3.7% YoY.
Grid Dynamics reports record FY rev $411.8M; Q4 GAAP EPS $0.00, non-GAAP $0.10
Q4 2025 revenue $106.2M (+5.9% YoY); full year revenue $411.8M (+17.5% YoY).
Grid Dynamics adopts amended bylaws with enhanced stockholder nomination procedures
Board adopted amended and restated bylaws effective February 26, 2026.
Shareholders approved Plan Amendment increasing authorized shares under 2020 Equity Incentive Plan by 3.5M to 19.8M total.
Grid Dynamics shifts director pay from cash to equity RSUs; effective Dec 23, 2025
Annual retainer for outside directors to be paid in RSUs instead of cash; directors may elect cash during open window.
Grid Dynamics posts record Q3 revenue of $104.2M; authorizes $50M buyback
Revenue $104.2M, record, up 19.1% YoY, within Q3 outlook of $103-105M.
Grid Dynamics Q2 revenue record $101.1M (+21.7% YoY); GAAP net income $5.3M, EPS $0.06
Revenue $101.1M (record), flat sequentially, up 21.7% YoY; above midpoint of $100-102M guidance.
Grid Dynamics extends credit facility maturity to 2028, raises covenant baskets
Maturity extended to March 15, 2028 via Fourth Amendment to existing $30M revolving credit facility.
Grid Dynamics Q1 2025 record revenue $100.4M, GAAP net income $2.9M, EPS $0.03
Revenue $100.4M (record), up 25.8% YoY; slightly above guidance range of $98M-$100M.
Grid Dynamics extends revolver maturity to April 29, 2025 via second amendment
Second Amendment to Credit Agreement entered April 15, 2025 pushes Revolving Credit Maturity Date to April 29, 2025.
Grid Dynamics extends revolving credit maturity to April 15, 2025 via amendment
First Amendment to Credit Agreement extends Revolving Credit Maturity Date to April 15, 2025.
Grid Dynamics Q4 revenue $100.3M beats guidance; full year revenue up 12% YoY
Q4 revenue $100.3M, above guidance of $95-97M; YoY growth 28.5%. FY2024 revenue $350.6M, +12% from $312.9M.
Annual RSU award for non-executive Chairman increased from $20k to $30k.
Grid Dynamics stockholders elect directors, ratify auditor, approve say-on-pay at 2024 meeting
All three Class II director nominees (Carney, Southworth, Wang) elected with strong support.
Grid Dynamics prices 5.75M share public offering at $17.25/sh, net ~$93.4M
Pricing of 5,750,000 shares at $17.25/sh; underwriters' option for 862,500 shares exercised in full.
Grid Dynamics reports record Q3 revenue of $87.4M, beats guidance, GAAP net income $4.3M
Record Q3 revenue of $87.4M, up 5.3% sequentially and 12.9% YoY, above guidance of $84-$86M.
Grid Dynamics raises CFO Anil Doradla's salary and bonus target
Base salary increased from $310,000 to $350,000 per annum, effective Oct 1, 2024.
Grid Dynamics Q2 revenue $83.0M, above guidance; GAAP net loss $0.8M
Record revenue of $83.0M, above guidance range of $80-82M; up 7.4% YoY and 4% sequential.
Grid Dynamics Q1 revenue $79.8M, beats guidance; net loss narrows to $3.9M
Revenue of $79.8M (flat YoY, +2.2% QoQ) above guidance of $77-79M.
Grid Dynamics Q4 revenue $78.1M beats guidance; GAAP net income turns positive
Q4 revenue $78.1M, flat sequentially and down 3.1% YoY; full year $312.9M, up 0.8% YoY.
Elected Class I directors Livschitz (54.9M for), Zhang (53.4M), Levinson (54.7M); broker non-votes 3.5M.
Grid Dynamics Q3 revenue flat at $77.4M; GAAP net income $0.7M, EPS $0.01
Revenue $77.4M, flat YoY; GAAP net income $0.7M (EPS $0.01) vs loss of $6.7M in Q3 2022.
Grid Dynamics Q2 2023: record GAAP net income $2.6M, revenue $77.3M flat YoY
GAAP net income $2.6M ($0.03/share) vs loss $13.2M a year ago; non-GAAP net income $7.0M ($0.09 diluted).
Grid Dynamics CSO Stan Klimoff resigns effective May 19, 2023
Stan Klimoff, Chief Strategy Officer, informed Grid Dynamics of his resignation on May 15, 2023.
Grid Dynamics Q1 revenue up 12.1% to $80.1M; GAAP net loss widens to $8.0M
GAAP net loss $(8.0)M ($(0.11)/share) vs $(2.7)M ($(0.04)/share) YoY; non-GAAP net income $6.5M ($0.08/diluted).
Grid Dynamics Q4 revenue $80.6M beats guidance; full-year revenue up 47% to $310.5M
Q4 revenue $80.6M, above outlook of $77-78M; up 21.1% YoY; full-year revenue $310.5M, up 47% YoY.
Grid Dynamics shareholders elect three Class III directors, ratify auditor at 2022 annual meeting
91.97% quorum; 68,058,608 shares represented at Dec 22, 2022 meeting.
Grid Dynamics Q3 revenue $81.2M (+40% YoY); Non-GAAP EPS $0.15, EBITDA $17.1M
Revenue $81.2M, record 9th consecutive quarter; up 4.9% seq and 40.1% YoY.
Grid Dynamics prices $100M public offering of 5.7M shares at $17.50, net proceeds ~$109.5M
Offering of 5,714,286 shares at $17.50 per share, closing expected Sept 12, 2022.
Grid Dynamics Q2 revenue $77.3M record, up 62.2% YoY; GAAP net loss widens to $(13.2)M
Revenue of $77.3M, up 62.2% YoY and 8.3% sequentially; eighth consecutive record quarter.
Grid Dynamics Q1 revenue record $71.4M, up 82.5% YoY; non-GAAP EPS $0.10
Revenue $71.4M, record, up 7.3% seq and 82.5% YoY.
Grid Dynamics raises Q1 revenue guidance to at least $65M; shifts headcount away from Eastern Europe
Q1 2022 revenue now expected no less than $65M, up from prior $55-60M range.
Grid Dynamics nearly doubled annual revenue in 2021; reaffirms Q1 2022 outlook
Annual revenue nearly doubled in 2021; Q4 revenue three times prior-year quarter.
Grid Dynamics enters $30M secured revolving credit facility with JPMorgan
Three-year multicurrency revolver; initial capacity $30M, expandable to $50M.
Grid Dynamics Q4 revenue $66.5M (+120.9% YoY); FY revenue $211.3M; Ukraine war cited as risk
Q4 revenue $66.5M (+120.9% YoY); GAAP net loss $3.6M (-$0.05/sh); non-GAAP net income $7.1M ($0.10 diluted).
Grid Dynamics appoints former Capgemini CTO Patrick Nicolet to its Board of Directors
Patrick Nicolet, former Group CTO and Executive Board Member of Capgemini, appointed to Grid Dynamics Board as Class III director.
Grid Dynamics reports stockholder vote results from 2021 Annual Meeting
Quorum of 61,667,307 shares (94.51%) present at Dec. 20, 2021 annual meeting.
Grid Dynamics posts record Q3 revenue of $57.9M, up 120% YoY; non-GAAP net income $7.9M
Revenue $57.9M, up 21.5% sequentially and 120% YoY; organic revenue $44.1M (+14.8% seq).
Grid Dynamics Q2 revenue $47.7M record, up 113% YoY; non-GAAP net income $6.1M
Revenue $47.7M, up 21.8% sequentially and 113.1% YoY; organic revenue $38.4M, up 17.7% sequentially.
Grid Dynamics redeems all 2.77M public warrants; holders must exercise by Aug 30 at $11.50/share
Company calls all 2,773,141 public warrants at $0.01 each; exercise price is $11.50 per share.
Grid Dynamics prices follow-on offering of 10.1M shares at $15.03; nets ~$77.5M
Offer includes 4M shares from Grid Dynamics and ~6.1M from selling stockholders at $15.03 per share.
On May 15, 2023, Stan Klimoff, Grid Dynamics Holdings, Inc.’s Chief Strategy Officer, who has been with Grid Dynamics since 2007, informed Grid Dynamics of his intention to resign effective May 19, 2023, to explore opportunities outside the IT services industry.
On February 23, 2022, Patrick Nicolet was appointed to the Board of Directors (the “Board”) of Grid Dynamics Holdings, Inc. (the “Company”).
Max materiality 0.85 · Median 0.62 · Most common event earnings