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AI brief of an SEC Form 8-K · GRID DYNAMICS HOLDINGS, INC. (GDYN)

Grid Dynamics Q1 revenue rises 3.7% to $104.1 million; GAAP net loss of $1.5 million

Mixed Impact 3 of 5 earnings Written later

Grid Dynamics reported first-quarter 2026 revenue of $104.1 million, up 3.7% from a year earlier and slightly above its guidance range of $103.0 million to $104.0 million. Profit fell: the company posted a GAAP net loss of $1.5 million, compared with net income of $2.9 million a year earlier, and non-GAAP EBITDA declined to $12.5 million from $14.6 million. The company guided to second-quarter revenue of $106.0 million to $108.0 million and full-year 2026 revenue of $435.0 million to $465.0 million.

Key points

  • Revenue of $104.1 million, up 3.7% year over year, slightly above the top of the $103.0 million to $104.0 million range given in March 2026.
  • GAAP net loss of $1.5 million, or $0.02 per share, versus net income of $2.9 million, or $0.03 per share, in Q1 2025.
  • Non-GAAP net income of $7.5 million, or $0.09 per diluted share, versus $10.0 million, or $0.11, a year earlier; non-GAAP EBITDA of $12.5 million versus $14.6 million.
  • Q2 2026 revenue guided to $106.0 million to $108.0 million; full-year 2026 revenue guided to $435.0 million to $465.0 million, growth of 5.6% to 12.9%.

The filing

CompanyGRID DYNAMICS HOLDINGS, INC. (GDYN)
Form8-K, current report
Filed with the SECApr 30, 2026, 4:06 PM ET
Accession number0001743725-26-000012

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.