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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $104.1M, roughly 1.1× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -8.8%, a 7.4% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -9.6%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
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.
DLTH vs GDYN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $104.1M |
| Net Profit | $-10.1M | $-1.5M |
| Gross Margin | 53.8% | 34.8% |
| Operating Margin | -7.7% | 61.7% |
| Net Margin | -8.8% | -1.4% |
| Revenue YoY | -9.6% | 3.7% |
| Net Profit YoY | 64.6% | -150.6% |
| EPS (diluted) | $-0.29 | $-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 | $114.9M | $106.2M | ||
| Q3 25 | $131.7M | $104.2M | ||
| Q2 25 | $102.7M | $101.1M | ||
| Q1 25 | $241.3M | $100.4M | ||
| Q4 24 | $127.1M | $100.3M | ||
| Q3 24 | $141.6M | $87.4M | ||
| Q2 24 | $116.7M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-10.1M | $306.0K | ||
| Q3 25 | $1.3M | $1.2M | ||
| Q2 25 | $-15.3M | $5.3M | ||
| Q1 25 | $-5.6M | $2.9M | ||
| Q4 24 | $-28.2M | $4.5M | ||
| Q3 24 | $-2.0M | $4.3M | ||
| Q2 24 | $-7.9M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 53.8% | 34.0% | ||
| Q3 25 | 54.7% | 33.3% | ||
| Q2 25 | 52.0% | 34.1% | ||
| Q1 25 | 44.1% | 36.8% | ||
| Q4 24 | 52.3% | 36.9% | ||
| Q3 24 | 52.3% | 37.4% | ||
| Q2 24 | 52.8% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | -7.7% | 0.5% | ||
| Q3 25 | 1.8% | -0.2% | ||
| Q2 25 | -12.0% | -0.1% | ||
| Q1 25 | -1.8% | -2.0% | ||
| Q4 24 | -17.4% | 1.3% | ||
| Q3 24 | -1.1% | 2.4% | ||
| Q2 24 | -7.7% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | -8.8% | 0.3% | ||
| Q3 25 | 1.0% | 1.1% | ||
| Q2 25 | -14.9% | 5.2% | ||
| Q1 25 | -2.3% | 2.9% | ||
| Q4 24 | -22.2% | 4.5% | ||
| Q3 24 | -1.4% | 4.9% | ||
| Q2 24 | -6.7% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-0.29 | $0.01 | ||
| Q3 25 | $0.04 | $0.01 | ||
| Q2 25 | $-0.45 | $0.06 | ||
| Q1 25 | $-0.17 | $0.03 | ||
| Q4 24 | $-0.84 | $0.06 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $-0.24 | $-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 | $8.2M | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $530.1M |
| Total Assets | $468.0M | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $8.2M | $342.1M | ||
| Q3 25 | $5.7M | $338.6M | ||
| Q2 25 | $8.6M | $336.8M | ||
| Q1 25 | $3.3M | $325.5M | ||
| Q4 24 | $9.3M | $334.7M | ||
| Q3 24 | $9.8M | $231.3M | ||
| Q2 24 | $6.8M | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $160.6M | $542.1M | ||
| Q3 25 | $170.0M | $537.7M | ||
| Q2 25 | $167.9M | $532.2M | ||
| Q1 25 | $182.7M | $517.4M | ||
| Q4 24 | $188.1M | $517.8M | ||
| Q3 24 | $215.7M | $400.2M | ||
| Q2 24 | $218.4M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $468.0M | $612.9M | ||
| Q3 25 | $433.8M | $613.2M | ||
| Q2 25 | $463.7M | $608.9M | ||
| Q1 25 | $452.4M | $590.9M | ||
| Q4 24 | $533.1M | $592.2M | ||
| Q3 24 | $488.6M | $477.3M | ||
| Q2 24 | $471.4M | $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 | $-6.7M | — |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $9.9M | ||
| Q3 25 | $32.0M | $7.0M | ||
| Q2 25 | $-56.5M | $14.4M | ||
| Q1 25 | $41.2M | $9.4M | ||
| Q4 24 | $-41.1M | $7.1M | ||
| Q3 24 | $16.6M | $9.2M | ||
| Q2 24 | $-33.7M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $6.1M | ||
| Q3 25 | $29.8M | $2.9M | ||
| Q2 25 | $-57.8M | $10.2M | ||
| Q1 25 | $38.7M | $6.0M | ||
| Q4 24 | $-43.7M | $4.4M | ||
| Q3 24 | $15.0M | $5.9M | ||
| Q2 24 | $-35.2M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 5.7% | ||
| Q3 25 | 22.6% | 2.8% | ||
| Q2 25 | -56.3% | 10.1% | ||
| Q1 25 | 16.0% | 6.0% | ||
| Q4 24 | -34.4% | 4.4% | ||
| Q3 24 | 10.6% | 6.8% | ||
| Q2 24 | -30.2% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 3.6% | ||
| Q3 25 | 1.7% | 3.9% | ||
| Q2 25 | 1.3% | 4.1% | ||
| Q1 25 | 1.0% | 3.3% | ||
| Q4 24 | 2.1% | 2.6% | ||
| Q3 24 | 1.2% | 3.7% | ||
| Q2 24 | 1.3% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.34× | ||
| Q3 25 | 25.40× | 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
GDYN
Segment breakdown not available.
