Grid Dynamics Holdings, Inc. filings document the company's public-company reporting for its Nasdaq-listed common stock, including Form 8-K earnings releases and proxy materials.
The filing record covers operating results and revenue commentary for its AI and digital transformation business, vertical performance across technology, retail, finance, manufacturing and other markets, and capital actions such as share repurchase authorization. Governance disclosures include amended and restated bylaws, outside director compensation policy updates, annual meeting proposals, director elections, board structure, and stockholder voting matters.
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, INC. CEO Leonard Livschitz reported a small tax-related share disposition. On the transaction date, 178 shares of common stock, held indirectly through his spouse, were used to satisfy tax withholding at $6.81 per share. After this transaction, he directly held 3,427,464 common shares and indirectly held 11,658 shares.
GRID DYNAMICS HOLDINGS, INC. chief operating officer Yury Gryzlov reported a tax-related share disposition. On the transaction date, 2,629 shares of common stock were withheld by the company at a price of $6.58 per share to cover tax obligations from vested restricted stock units granted on February 14, 2025. After this withholding for taxes, Gryzlov directly owned 544,679 shares of common stock.
GRID DYNAMICS HOLDINGS, INC. disclosed an insider tax-related share disposition by its Chief Executive Officer, Leonard Livschitz. On February 14, 2026, 1,024 shares of common stock at $6.58 per share were withheld by the company to cover tax obligations tied to vested restricted stock units granted on February 14, 2025.
After this tax-withholding disposition, 11,836 shares of common stock are reported as indirectly owned through the reporting person’s spouse, and 3,427,464 shares are reported as directly owned by the CEO.
Alyeska Investment Group and related reporting persons disclosed a passive ownership stake in Grid Dynamics Holdings, Inc. They report beneficial ownership of 3,782,506 shares of Class A common stock, representing 4.51% of the class, with shared voting and dispositive power over all reported shares.
The ownership percentage is based on 84,769,058 shares of common stock outstanding, as cited from Grid Dynamics’ annual report. The filers certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Grid Dynamics Holdings chief operating officer Yury Gryzlov reported equity compensation activity in the company’s common stock. On February 7, 2026, he acquired 65,824 shares from performance awards granted on January 1, 2024 and 32,912 shares from awards granted on February 14, 2025, both at $0 per share after the board confirmed performance conditions were met.
On February 10, 2026, the company withheld 17,310 shares and 8,654 shares at $6.94 per share to cover tax obligations related to these issuances. After these transactions, Gryzlov directly owned 547,308 shares of Grid Dynamics common stock.
Grid Dynamics Holdings’ chief financial officer Anil Doradla reported share movements tied to performance-based equity awards. On February 7, 2026, he acquired 49,368 shares of common stock at $0 when the board determined performance conditions on a January 1, 2024 award were met.
On February 10, 2026, 22,125 shares were withheld at $6.94 per share to cover tax withholding related to that issuance. After these transactions, Doradla directly owned 402,953 shares of common stock of Grid Dynamics Holdings.
Grid Dynamics Holdings chief executive Leonard Livschitz reported equity compensation-related share movements. On February 7, 2026, he acquired 658,240 shares of common stock at $0 when the board determined performance conditions were met for performance share awards granted on January 1, 2024.
On February 10, 2026, 355,119 shares were withheld by the company at $6.94 per share to cover tax withholding and remittance obligations tied to those awards. After these entries, Livschitz directly beneficially owned 3,427,464 common shares and indirectly held 12,860 shares through his spouse.
Grid Dynamics Holdings chief financial officer Anil Doradla reported an administrative share withholding related to equity compensation. On January 28, 2026, 765 shares of common stock were withheld by the company at $8.28 per share to cover tax obligations from restricted stock units. Following this withholding, Doradla beneficially owned 375,710 shares of Grid Dynamics common stock directly.