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Side-by-side financial comparison of CorMedix Inc. (CRMD) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
CorMedix Inc. is the larger business by last-quarter revenue ($128.6M vs $104.1M, roughly 1.2× GRID DYNAMICS HOLDINGS, INC.).
CorMedix Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing novel therapeutic products for the prevention and treatment of infectious, inflammatory and cardiorenal diseases. Its lead candidate targets catheter-related bloodstream infections, serving critical care and chronic dialysis patient populations primarily across North America and European markets.
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.
CRMD vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $128.6M | $104.1M |
| Net Profit | — | $-1.5M |
| Gross Margin | 83.4% | 34.8% |
| Operating Margin | 46.0% | 61.7% |
| Net Margin | — | -1.4% |
| Revenue YoY | — | 3.7% |
| Net Profit YoY | — | -150.6% |
| EPS (diluted) | $0.20 | $-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 | $128.6M | $106.2M | ||
| Q3 25 | $104.3M | $104.2M | ||
| Q2 25 | $39.7M | $101.1M | ||
| Q1 25 | $39.1M | $100.4M | ||
| Q4 24 | — | $100.3M | ||
| Q3 24 | — | $87.4M | ||
| Q2 24 | — | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | — | $306.0K | ||
| Q3 25 | $108.6M | $1.2M | ||
| Q2 25 | $19.8M | $5.3M | ||
| Q1 25 | $20.6M | $2.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 83.4% | 34.0% | ||
| Q3 25 | 89.3% | 33.3% | ||
| Q2 25 | 95.3% | 34.1% | ||
| Q1 25 | 95.9% | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | 46.0% | 0.5% | ||
| Q3 25 | 49.2% | -0.2% | ||
| Q2 25 | 49.2% | -0.1% | ||
| Q1 25 | 51.5% | -2.0% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | 104.1% | 1.1% | ||
| Q2 25 | 49.9% | 5.2% | ||
| Q1 25 | 52.8% | 2.9% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.20 | $0.01 | ||
| Q3 25 | $1.26 | $0.01 | ||
| Q2 25 | $0.28 | $0.06 | ||
| Q1 25 | $0.30 | $0.03 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $-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 | $148.5M | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.3M | $530.1M |
| Total Assets | $826.1M | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $148.5M | $342.1M | ||
| Q3 25 | $55.7M | $338.6M | ||
| Q2 25 | $190.7M | $336.8M | ||
| Q1 25 | $77.5M | $325.5M | ||
| Q4 24 | — | $334.7M | ||
| Q3 24 | — | $231.3M | ||
| Q2 24 | — | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $405.3M | $542.1M | ||
| Q3 25 | $374.1M | $537.7M | ||
| Q2 25 | $220.6M | $532.2M | ||
| Q1 25 | $114.9M | $517.4M | ||
| Q4 24 | — | $517.8M | ||
| Q3 24 | — | $400.2M | ||
| Q2 24 | — | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $826.1M | $612.9M | ||
| Q3 25 | $750.9M | $613.2M | ||
| Q2 25 | $252.6M | $608.9M | ||
| Q1 25 | $149.6M | $590.9M | ||
| Q4 24 | — | $592.2M | ||
| Q3 24 | — | $477.3M | ||
| Q2 24 | — | $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 | $94.5M | — |
| Free Cash FlowOCF − Capex | $92.7M | — |
| FCF MarginFCF / Revenue | 72.1% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $172.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $94.5M | $9.9M | ||
| Q3 25 | $30.9M | $7.0M | ||
| Q2 25 | $30.0M | $14.4M | ||
| Q1 25 | $19.7M | $9.4M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $92.7M | $6.1M | ||
| Q3 25 | $30.4M | $2.9M | ||
| Q2 25 | $30.0M | $10.2M | ||
| Q1 25 | $19.7M | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $5.9M | ||
| Q2 24 | — | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 72.1% | 5.7% | ||
| Q3 25 | 29.1% | 2.8% | ||
| Q2 25 | 75.4% | 10.1% | ||
| Q1 25 | 50.5% | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 3.6% | ||
| Q3 25 | 0.5% | 3.9% | ||
| Q2 25 | 0.1% | 4.1% | ||
| Q1 25 | 0.0% | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | 0.28× | 5.92× | ||
| Q2 25 | 1.51× | 2.73× | ||
| Q1 25 | 0.96× | 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
CRMD
| Acquisition Of Melinta | $52.9M | 41% |
| Melinta Portfolio | $45.5M | 35% |
| Other | $18.6M | 14% |
| Contract Revenue | $7.4M | 6% |
| BARDA Agreement | $4.2M | 3% |
GDYN
Segment breakdown not available.
