GDYN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-30

• Grid Dynamics Holdings, Inc. (“Grid Dynamics,” the “Company,” “we,” “us,” or “our”) is an enterprise artificial intelligence (“AI”) transformation partner for the Fortune 1000. We are a product-centric engineering company focused on solving the most complex mission-critical challenges with an emphas…

• We seek to solve the most pressing technical challenges and enable positive business outcomes for enterprise companies through AI, data, cloud and digital engagement engineering expertise, building on our nearly two decades of technology leadership and pioneering enterprise AI expertise. AI has beco…

• •Gross margin: Our gross profit margin for the second quarter reached 36.6%, an increase of 250 basis points compared to 34.1% in the prior-year quarter.

• •Net income and EPS: Net income for the second quarter was $2.9 million, or $0.03 per diluted share, compared to net income of $5.3 million, or $0.06 per diluted share, in the prior-year quarter.

• Our partnership relationships with major hyperscale cloud providers and leading platform AI companies are key to our enterprise go-to-market strategy. These relationships are co-development partnerships that give us and our clients privileged access to emerging capabilities, accelerated innovation c…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Grid Dynamics Holdings, Inc. (“Grid Dynamics,” the “Company,” “we,” “us,” or “our”) is an enterprise artificial intelligence (“AI”) transformation partner for the Fortune 1000. We combine deep AI expertise with proven enterprise-scale delivery to help clients identify where to invest in AI, build sy…

• This technical heritage is matched with business acumen. We solve the most pressing technical challenges and enable positive business outcomes for enterprise companies. A key differentiator is our nearly two decades of technology leadership and pioneering enterprise AI expertise. This is supported b…

• •Operating loss: Loss from operations increased to $3.7 million, compared to $2.0 million in the prior-year quarter. This increase in loss was primarily attributable to higher operating expenses.

• •Net income/(loss) and EPS: Net loss of $1.5 million during the first quarter of 2026, compared to net income of $2.9 million in the prior-year quarter. The change was largely attributable to higher cost of revenues and operating expenses. Diluted GAAP loss per share was $0.02, compared to diluted G…

• •Cash flows: Operating cash flow was $8.4 million, a decrease from $9.4 million in the prior-year quarter.

Text added vs the prior filing · source: 10-Q · 2026-07-30

• Grid Dynamics is exposed to foreign currency exchange transaction risk related to funding its non-US operations and to foreign currency translation risk related to certain of its subsidiaries’ cash balances that are denominated in currencies other than the U.S. dollar. In addition, Grid Dynamics’ pr…

• In the three months ended June 30, 2026, approximately 49.1% of Grid Dynamics’ $106.9 million combined cost of revenues and total operating expenses were denominated in currencies other than the U.S. dollar. Comparatively, approximately 50.1% of Grid Dynamics’ $101.2 million of combined cost of reve…

• In the six months ended June 30, 2026, approximately 48.7% of Grid Dynamics’ $214.7 million combined cost of revenues and total operating expenses were denominated in currencies other than the U.S. dollar. Comparatively, approximately 48.1% of Grid Dynamics’ $203.7 million of combined cost of revenu…

• •a 10% decrease in the value of the Polish zloty against the U.S. dollar would have resulted in a $1.0 million increase in Grid Dynamics’ income from operations, while a 10% increase in the zloty’s value would have resulted in a $1.3 million decrease in income from operations.

• •a 10% decrease in the value of the Indian rupees against the U.S. dollar would have resulted in a $1.0 million increase in Grid Dynamics’ income from operations, while a 10% increase in the rupee’s value would have resulted in a $1.3 million decrease in income from operations.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Grid Dynamics is exposed to foreign currency exchange transaction risk related to funding its non-US operations and to foreign currency translation risk related to certain of its subsidiaries’ cash balances that are denominated in currencies other than the

• U.S. dollar. In addition, Grid Dynamics’ profit margins are subject to volatility as a result of changes in foreign exchange rates. Grid Dynamics’ functional currency apart from the U.S. dollar includes Euro, British pounds, Mexican pesos, Polish zloty, Serbian dinars, and Indian rupees. When and wh…

• In the three months ended March 31, 2026, approximately 48.3% of Grid Dynamics’ $107.8 million combined cost of revenues and total operating expenses were denominated in currencies other than the U.S. dollar. Comparatively, approximately 46.1% of Grid Dynamics’ $102.5 million of combined cost of rev…

• Grid Dynamics analyzes sensitivity to the zloty, rupees, and Serbian dinars separately because, in management’s experience, fluctuations in the value of these currencies against the U.S. dollar are frequently driven by distinct macroeconomic and geopolitical factors and have the largest effect on ou…

• Grid Dynamics manages its exposure to foreign currency fluctuations through hedging program under which the Company enters into short-term foreign exchange forward contracts designed as cash flow hedges of forecasted transactions denominated in Polish zloty. These contracts generally mature during s…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• Our management, including the Chief Executive Officer and Chief Financial Officer, confirmed there have been no changes in our internal control over financial reporting during the three months ended June 30, 2026, that have materially affected, or are reasonably likely to materially affect, our inte…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• effective in ensuring that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding …

• Our management, including the Chief Executive Officer and Chief Financial Officer, confirmed there have been no changes in our internal control over financial reporting during the three months ended March 31, 2026, that have materially affected, or are reasonably likely to materially affect, our int…