Every 8-K that Grid Dynamics Holdings, Inc. (GDYN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow GDYN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GDYN filings page.
Grid Dynamics Holdings reported second quarter 2026 revenue of $108.2 million, slightly above the high end of its $106.0–$108.0 million guidance range and up 7.0% year-over-year. GAAP gross margin improved to 36.6% from 34.1%, while non-GAAP gross margin reached 36.9%.
AI-related work was a major driver, with record AI revenues representing 30.7% of total revenue and growing over 50% year-over-year. The Technology, Media and Telecom vertical led growth at 31.8% of revenue, increasing 36.4% year-over-year and 11.7% sequentially; Retail and Finance contributed 26.5% and 22.9%, respectively.
GAAP net income was $2.9 million ($0.03 per diluted share), down from $5.3 million a year earlier, while non-GAAP net income rose to $9.0 million ($0.11 per diluted share) and non-GAAP EBITDA reached $14.7 million. Cash and equivalents were $298.4 million. For the third quarter of 2026, the company expects revenue of $112.0–$114.0 million and non-GAAP EBITDA of $16.5–$17.5 million, and projects full-year 2026 revenue of $435.0–$465.0 million.
Grid Dynamics reported first quarter 2026 revenue of $104.1 million, slightly above its guidance range of $103.0–$104.0 million and up 3.7% year over year. AI-related revenue reached 29.3% of total revenue, reflecting growing demand for its GAIN AI platforms across multiple industries.
TMT was the largest growth driver at 30.3% year-over-year growth and 29.5% of revenue, while Retail contributed 28.4% and Finance 23.5%. GAAP results flipped to a small net loss of $1.5 million, but non-GAAP net income was $7.5 million and non-GAAP EBITDA was $12.5 million. The company ended the quarter with $327.5 million in cash and guided 2026 revenue to $435.0–$465.0 million, implying 5.6–12.9% year-over-year growth.
Grid Dynamics Holdings reported record fourth quarter 2025 revenue of $106.2 million, up 5.9% year-over-year and slightly above its prior guidance range midpoint. For full year 2025, revenue reached a record $411.8 million, rising 17.5% from $350.6 million in 2024.
GAAP gross margin for 2025 was 34.6%, and GAAP net income increased to $9.7 million, or $0.11 per diluted share, compared with $4.0 million, or $0.05 per diluted share, in 2024. Non-GAAP net income was $35.1 million, or $0.40 per diluted share, down modestly from $37.2 million, or $0.47 per diluted share, in 2024.
The Technology, Media and Telecom vertical was a key growth driver, with 2025 revenue of $107.5 million, while Retail and Finance contributed $120.5 million and $100.4 million, respectively. AI-related work represented 25% of fourth quarter revenue, and AI revenue for 2025 exceeded $90 million.
Operating cash flow for 2025 was $40.6 million, up from $30.2 million in 2024, and cash and cash equivalents were $342.1 million as of December 31, 2025. The company repurchased 0.2 million shares for $2.0 million in the fourth quarter and had $48.0 million remaining under its authorization.
For 2026, Grid Dynamics expects first quarter revenue between $103.0 million and $104.0 million and non-GAAP EBITDA between $12.0 million and $13.0 million. Full-year 2026 revenue is projected in a range of $435.0 million to $465.0 million, implying 9.3% growth at the $450.0 million midpoint.
Grid Dynamics Holdings, Inc. updated its corporate bylaws after approval by the Board of Directors on February 26, 2026. The amended and restated bylaws tighten the rules around how stockholders nominate directors and bring other business before stockholder meetings.
Stockholders and their nominees must now provide more detailed background and disclosure information, including voting or compensation arrangements, securities ownership, potential conflicts of interest, and representations about following company policies and serving full terms. The bylaws also add various technical and modernizing changes to how stockholder meetings are organized and conducted.
Grid Dynamics Holdings (GDYN) updated its Outside Director Compensation Policy. The Board approved changes on November 7, 2025, with the updated policy effective December 23, 2025. The company filed the revised policy as Exhibit 10.1 and incorporated it by reference.
This action pertains to director pay and governance practices. No operational or financial performance metrics were addressed in this update.
Grid Dynamics Holdings, Inc. (GDYN) announced two items. The company furnished a press release with its results for the quarter ended September 30, 2025 as Exhibit 99.1. Separately, the Board authorized a share repurchase program of up to $50.0 million of common stock.
The repurchase program has no termination date, may be suspended or discontinued at any time, and does not obligate the company to acquire any amount of common stock. The earnings press release and buyback announcement are both furnished, not filed, which limits their treatment under the Exchange Act.