Grid Dynamics Files 2024 10-K
Ticker: GDYN · Form: 10-K · Filed: 2025-02-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, technology
TL;DR
GDYN 2024 10-K is in. Full year financials and biz details out.
AI Summary
Grid Dynamics Holdings, Inc. filed its 2024 10-K on February 27, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as ChaSerg Technology Acquisition Corp, is a software and IT services provider. The filing details financial performance, business operations, and risk factors for the period.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Grid Dynamics' financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — As a technology services company, Grid Dynamics faces risks related to competition, technological changes, and client retention.
Key Players & Entities
- GRID DYNAMICS HOLDINGS, INC. (company) — Filer
- ChaSerg Technology Acquisition Corp (company) — Former company name
- 2024-12-31 (date) — Fiscal year end
- 2025-02-27 (date) — Filing date
FAQ
What was Grid Dynamics' primary business activity in 2024?
Grid Dynamics Holdings, Inc. is engaged in providing services, specifically in the area of prepackaged software and related IT services, as indicated by its SIC code [7372].
When did Grid Dynamics Holdings, Inc. change its name?
The company formerly known as ChaSerg Technology Acquisition Corp changed its name to Grid Dynamics Holdings, Inc. on June 15, 2018.
What is the state of incorporation for Grid Dynamics Holdings, Inc.?
Grid Dynamics Holdings, Inc. is incorporated in Delaware (DE).
What is the filing date for this 10-K report?
This 10-K report was filed on February 27, 2025.
What fiscal year does this 10-K filing cover?
This 10-K filing covers the fiscal year ending December 31, 2024.
From the Filing
0001628280-25-008723.txt : 20250227 0001628280-25-008723.hdr.sgml : 20250227 20250227164355 ACCESSION NUMBER: 0001628280-25-008723 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 114 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 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: 25679973 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-20241231.htm 10-K gdyn-20241231 false 0001743725 2024 FY http://fasb.org/us-gaap/2024#PrepaidExpenseAndOtherAssetsCurrent P2Y P2Y http://fasb.org/us-gaap/2024#CostOfRevenue http://fasb.org/us-gaap/2024#OperatingExpenses http://fasb.org/us-gaap/2024#CostOfRevenue http://fasb.org/us-gaap/2024#OperatingExpenses http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 1 1 1 100.0 1 .25 .0625 http://fasb.org/srt/2024#ChiefExecutiveOfficerMember http://fasb.org/us-gaap/2024#SegmentReportingExpenseInformationUsedByCodmConsolidatedMember 1 467 iso4217:USD xbrli:shares iso4217:USD xbrli:shares gdyn:segment xbrli:pure gdyn:customer gdyn:engineeringCenter gdyn:revenueVertical 0001743725 2024-01-01 2024-12-31 0001743725 2024-06-30 0001743725 2025-02-17 0001743725 2024-12-31 0001743725 2023-12-31 0001743725 2023-01-01 2023-12-31 0001743725 2022-01-01 2022-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 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 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 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001743725 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001743725 us-gaap:CommonStockMember 2024-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001743725 us-gaap:RetainedEarningsMember 2024-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001743725 srt:MinimumMember 2024-12-31 0001743725 srt:MaximumMember 2024-12-31 0001743725 us-gaap:SoftwareDevelopmentMember 2024-12-31 0001743725 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-12-31 0001743725 us-gaap:PerformanceSharesMember 2024-01-01 2024-12-31 0001743725 us-gaap:NonUsMember 2024-