Grid Dynamics Files 2023 10-K, Details Financials

TL;DR

**Grid Dynamics just dropped its 2023 10-K, giving us the full financial picture for the year.**

AI Summary

GRID DYNAMICS HOLDINGS, INC. filed its 10-K on February 29, 2024, for the fiscal year ended December 31, 2023. The company, incorporated in Delaware, operates in the prepackaged software services sector. Key financial data points for the periods ending December 31, 2023, December 31, 2022, and December 31, 2021, were reported, along with changes in common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income.

Why It Matters

This filing provides investors with a comprehensive look at Grid Dynamics' financial performance and position for the past year, crucial for evaluating its operational health and future prospects.

Risk Assessment

Risk Level: medium — The filing provides standard financial disclosures, and without further context on specific operational risks or market conditions, a medium risk level is appropriate.

Key Numbers

• 2023-12-31 — Fiscal Year End (The date marking the end of the reported fiscal year.)
• 2024-02-29 — Filed As Of Date (The date the 10-K was officially filed with the SEC.)
• 0001743725 — Central Index Key (CIK) (Unique identifier for GRID DYNAMICS HOLDINGS, INC. with the SEC.)
• 116 — Public Document Count (Number of public documents included in the filing.)
• 1934 Act — SEC Act (The specific SEC act under which the filing was made.)

Key Players & Entities

• GRID DYNAMICS HOLDINGS, INC. (company) — filer of the 10-K
• ChaSerg Technology Acquisition Corp (company) — former name of the filer
• December 31, 2023 (date) — end of the reporting period
• February 29, 2024 (date) — filing date
• 001-38685 (number) — SEC file number

FAQ

From the Filing

0001628280-24-007971.txt : 20240229 0001628280-24-007971.hdr.sgml : 20240229 20240229160826 ACCESSION NUMBER: 0001628280-24-007971 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 116 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRID DYNAMICS HOLDINGS, INC. CENTRAL INDEX KEY: 0001743725 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 830632724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38685 FILM NUMBER: 24703640 BUSINESS ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: (619) 736-6855 MAIL ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 FORMER COMPANY: FORMER CONFORMED NAME: ChaSerg Technology Acquisition Corp DATE OF NAME CHANGE: 20180615 10-K 1 gdyn-20231231.htm 10-K gdyn-20231231 false 0001743725 2023 FY P2Y P2Y http://fasb.org/us-gaap/2023#OperatingExpenses http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 1 1 1 1 1 .5 .5 .5 .25 .0625 0001743725 2023-01-01 2023-12-31 0001743725 2023-06-30 iso4217:USD 0001743725 2024-02-15 xbrli:shares 0001743725 2023-12-31 0001743725 2022-12-31 iso4217:USD xbrli:shares 0001743725 2022-01-01 2022-12-31 0001743725 2021-01-01 2021-12-31 0001743725 us-gaap:CommonStockMember 2020-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001743725 us-gaap:RetainedEarningsMember 2020-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001743725 2020-12-31 0001743725 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001743725 us-gaap:WarrantMember us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001743725 us-gaap:WarrantMember us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001743725 us-gaap:WarrantMember 2021-01-01 2021-12-31 0001743725 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001743725 us-gaap:CommonStockMember 2021-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001743725 us-gaap:RetainedEarningsMember 2021-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001743725 2021-12-31 0001743725 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001743725 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001743725 us-gaap:CommonStockMember 2022-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001743725 us-gaap:RetainedEarningsMember 2022-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001743725 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001743725 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001743725 us-gaap:CommonStockMember 2023-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001743725 us-gaap:RetainedEarningsMember 2023-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001743725 srt:MinimumMember 2023-12-31 0001743725 srt:MaximumMember 2023-12-31 0001743725 us-gaap:SoftwareDevelopmentMember srt:MinimumMember 2023-12-31 gdyn:segment 0001743725 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001743725 us-gaap:PerformanceSharesMember 2023-01-01 2023-12-31 xbrli:pure 0001743725 srt:NorthAmericaMember srt:ScenarioPreviouslyReportedMember 2022-01-01 2022-12-31 0001743725 srt:NorthAmericaMember 2022