vs
Side-by-side financial comparison of Clarus Corp (CLAR) 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 ($104.1M vs $65.4M, roughly 1.6× Clarus Corp). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -47.8%, a 46.4% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -8.4%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
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.
CLAR vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $104.1M |
| Net Profit | $-31.3M | $-1.5M |
| Gross Margin | 27.7% | 34.8% |
| Operating Margin | -59.6% | 61.7% |
| Net Margin | -47.8% | -1.4% |
| Revenue YoY | -8.4% | 3.7% |
| Net Profit YoY | 52.3% | -150.6% |
| EPS (diluted) | $-0.81 | $-0.02 |
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 | — | $104.1M | ||
| Q4 25 | $65.4M | $106.2M | ||
| Q3 25 | $69.3M | $104.2M | ||
| Q2 25 | $55.2M | $101.1M | ||
| Q1 25 | $60.4M | $100.4M | ||
| Q4 24 | $71.4M | $100.3M | ||
| Q3 24 | $67.1M | $87.4M | ||
| Q2 24 | $56.5M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-31.3M | $306.0K | ||
| Q3 25 | $-1.6M | $1.2M | ||
| Q2 25 | $-8.4M | $5.3M | ||
| Q1 25 | $-5.2M | $2.9M | ||
| Q4 24 | $-65.5M | $4.5M | ||
| Q3 24 | $-3.2M | $4.3M | ||
| Q2 24 | $-5.5M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 27.7% | 34.0% | ||
| Q3 25 | 35.1% | 33.3% | ||
| Q2 25 | 35.6% | 34.1% | ||
| Q1 25 | 34.4% | 36.8% | ||
| Q4 24 | 33.4% | 36.9% | ||
| Q3 24 | 35.0% | 37.4% | ||
| Q2 24 | 36.1% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | -59.6% | 0.5% | ||
| Q3 25 | -4.4% | -0.2% | ||
| Q2 25 | -19.7% | -0.1% | ||
| Q1 25 | -11.2% | -2.0% | ||
| Q4 24 | -70.2% | 1.3% | ||
| Q3 24 | -8.0% | 2.4% | ||
| Q2 24 | -14.4% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | -47.8% | 0.3% | ||
| Q3 25 | -2.3% | 1.1% | ||
| Q2 25 | -15.3% | 5.2% | ||
| Q1 25 | -8.7% | 2.9% | ||
| Q4 24 | -91.8% | 4.5% | ||
| Q3 24 | -4.7% | 4.9% | ||
| Q2 24 | -9.7% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-0.81 | $0.01 | ||
| Q3 25 | $-0.04 | $0.01 | ||
| Q2 25 | $-0.22 | $0.06 | ||
| Q1 25 | $-0.14 | $0.03 | ||
| Q4 24 | $-1.72 | $0.06 | ||
| Q3 24 | $-0.08 | $0.05 | ||
| Q2 24 | $-0.14 | $-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 | $36.7M | $327.5M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $530.1M |
| Total Assets | $249.0M | $605.0M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $36.7M | $342.1M | ||
| Q3 25 | $29.5M | $338.6M | ||
| Q2 25 | $28.5M | $336.8M | ||
| Q1 25 | $41.3M | $325.5M | ||
| Q4 24 | $45.4M | $334.7M | ||
| Q3 24 | $36.4M | $231.3M | ||
| Q2 24 | $46.2M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $196.4M | $542.1M | ||
| Q3 25 | $225.8M | $537.7M | ||
| Q2 25 | $225.1M | $532.2M | ||
| Q1 25 | $229.3M | $517.4M | ||
| Q4 24 | $233.1M | $517.8M | ||
| Q3 24 | $308.5M | $400.2M | ||
| Q2 24 | $307.3M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $249.0M | $612.9M | ||
| Q3 25 | $283.1M | $613.2M | ||
| Q2 25 | $286.5M | $608.9M | ||
| Q1 25 | $292.8M | $590.9M | ||
| Q4 24 | $294.1M | $592.2M | ||
| Q3 24 | $375.3M | $477.3M | ||
| Q2 24 | $369.4M | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $12.5M | — |
| Free Cash FlowOCF − Capex | $11.6M | — |
| FCF MarginFCF / Revenue | 17.7% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.5M | $9.9M | ||
| Q3 25 | $-5.7M | $7.0M | ||
| Q2 25 | $-9.4M | $14.4M | ||
| Q1 25 | $-2.1M | $9.4M | ||
| Q4 24 | $16.6M | $7.1M | ||
| Q3 24 | $-8.3M | $9.2M | ||
| Q2 24 | $834.0K | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6M | $6.1M | ||
| Q3 25 | $-7.0M | $2.9M | ||
| Q2 25 | $-11.3M | $10.2M | ||
| Q1 25 | $-3.3M | $6.0M | ||
| Q4 24 | $14.4M | $4.4M | ||
| Q3 24 | $-9.4M | $5.9M | ||
| Q2 24 | $-744.0K | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17.7% | 5.7% | ||
| Q3 25 | -10.0% | 2.8% | ||
| Q2 25 | -20.4% | 10.1% | ||
| Q1 25 | -5.4% | 6.0% | ||
| Q4 24 | 20.1% | 4.4% | ||
| Q3 24 | -14.0% | 6.8% | ||
| Q2 24 | -1.3% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 3.6% | ||
| Q3 25 | 1.8% | 3.9% | ||
| Q2 25 | 3.4% | 4.1% | ||
| Q1 25 | 2.0% | 3.3% | ||
| Q4 24 | 3.1% | 2.6% | ||
| Q3 24 | 1.6% | 3.7% | ||
| Q2 24 | 2.8% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 3.21× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
GDYN
Segment breakdown not available.
