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Side-by-side financial comparison of AMERISAFE INC (AMSF) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($106.2M vs $80.1M, roughly 1.3× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs 0.3%, a 9.9% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs 5.9%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 2.8%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
AMSF vs GDYN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $106.2M |
| Net Profit | $8.1M | $306.0K |
| Gross Margin | — | 34.0% |
| Operating Margin | — | 0.5% |
| Net Margin | 10.2% | 0.3% |
| Revenue YoY | 10.3% | 5.9% |
| Net Profit YoY | -9.0% | -93.2% |
| EPS (diluted) | $0.43 | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $106.2M | ||
| Q3 25 | $82.0M | $104.2M | ||
| Q2 25 | $81.1M | $101.1M | ||
| Q1 25 | $72.6M | $100.4M | ||
| Q4 24 | $74.0M | $100.3M | ||
| Q3 24 | $78.7M | $87.4M | ||
| Q2 24 | $75.8M | $83.0M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $306.0K | ||
| Q3 25 | $13.8M | $1.2M | ||
| Q2 25 | $14.0M | $5.3M | ||
| Q1 25 | $8.9M | $2.9M | ||
| Q4 24 | $13.2M | $4.5M | ||
| Q3 24 | $14.3M | $4.3M | ||
| Q2 24 | $11.0M | $-817.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 0.5% | ||
| Q3 25 | 21.3% | -0.2% | ||
| Q2 25 | 21.5% | -0.1% | ||
| Q1 25 | 15.5% | -2.0% | ||
| Q4 24 | 22.7% | 1.3% | ||
| Q3 24 | 22.6% | 2.4% | ||
| Q2 24 | 18.1% | 0.0% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | 0.3% | ||
| Q3 25 | 16.9% | 1.1% | ||
| Q2 25 | 17.2% | 5.2% | ||
| Q1 25 | 12.3% | 2.9% | ||
| Q4 24 | 17.8% | 4.5% | ||
| Q3 24 | 18.2% | 4.9% | ||
| Q2 24 | 14.5% | -1.0% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $0.01 | ||
| Q3 25 | $0.72 | $0.01 | ||
| Q2 25 | $0.73 | $0.06 | ||
| Q1 25 | $0.47 | $0.03 | ||
| Q4 24 | $0.69 | $0.06 | ||
| Q3 24 | $0.75 | $0.05 | ||
| Q2 24 | $0.57 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $342.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $246.6M | $542.1M |
| Total Assets | — | $612.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $342.1M | ||
| Q3 25 | $54.7M | $338.6M | ||
| Q2 25 | $48.5M | $336.8M | ||
| Q1 25 | $44.8M | $325.5M | ||
| Q4 24 | $44.1M | $334.7M | ||
| Q3 24 | $63.7M | $231.3M | ||
| Q2 24 | $30.6M | $256.0M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $542.1M | ||
| Q3 25 | $274.8M | $537.7M | ||
| Q2 25 | $265.6M | $532.2M | ||
| Q1 25 | $260.8M | $517.4M | ||
| Q4 24 | $257.3M | $517.8M | ||
| Q3 24 | $314.4M | $400.2M | ||
| Q2 24 | $301.0M | $388.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $612.9M | ||
| Q3 25 | $1.2B | $613.2M | ||
| Q2 25 | $1.2B | $608.9M | ||
| Q1 25 | $1.2B | $590.9M | ||
| Q4 24 | $1.2B | $592.2M | ||
| Q3 24 | $1.3B | $477.3M | ||
| Q2 24 | $1.2B | $443.6M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $9.9M |
| Free Cash FlowOCF − Capex | — | $6.1M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | — | 32.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $9.9M | ||
| Q3 25 | $10.7M | $7.0M | ||
| Q2 25 | $-8.4M | $14.4M | ||
| Q1 25 | $-1.8M | $9.4M | ||
| Q4 24 | $24.2M | $7.1M | ||
| Q3 24 | $8.4M | $9.2M | ||
| Q2 24 | $-2.6M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $6.1M | ||
| Q3 25 | $9.8M | $2.9M | ||
| Q2 25 | $-9.5M | $10.2M | ||
| Q1 25 | $-1.8M | $6.0M | ||
| Q4 24 | $23.4M | $4.4M | ||
| Q3 24 | $8.4M | $5.9M | ||
| Q2 24 | $-2.6M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 5.7% | ||
| Q3 25 | 11.9% | 2.8% | ||
| Q2 25 | -11.7% | 10.1% | ||
| Q1 25 | -2.5% | 6.0% | ||
| Q4 24 | 31.5% | 4.4% | ||
| Q3 24 | 10.7% | 6.8% | ||
| Q2 24 | -3.5% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.6% | ||
| Q3 25 | 1.1% | 3.9% | ||
| Q2 25 | 1.3% | 4.1% | ||
| Q1 25 | 0.0% | 3.3% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 0.0% | 3.7% | ||
| Q2 24 | 0.1% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | 32.34× | ||
| Q3 25 | 0.77× | 5.92× | ||
| Q2 25 | -0.61× | 2.73× | ||
| Q1 25 | -0.20× | 3.21× | ||
| Q4 24 | 1.83× | 1.56× | ||
| Q3 24 | 0.59× | 2.15× | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
