Grid Dynamics turns to Q1 net loss of $1.47 million; revenue rises 3.7% to $104.1 million

Grid Dynamics Holdings, Inc. Class A

Grid Dynamics Holdings, Inc. Class A

GDYN

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  • Grid Dynamics posted a net loss of USD 1.47 million for quarter ended March 31, 2026, swinging from profit; diluted EPS was USD -0.02.
  • Revenue rose 3.7% to USD 104.1 million, driven by higher demand in Technology, Media and Telecom.
  • Non-GAAP EBITDA fell to USD 12.52 million from the prior-year period.
  • Operating loss widened to USD 3.68 million on higher operating expenses, while operating cash flow slipped to USD 8.39 million.
  • Cash and cash equivalents ended quarter at USD 327.5 million, with no debt outstanding under revolving credit facility.


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