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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.3× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -1.4%, a 30.3% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $104.1M |
| Net Profit | $22.6M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | 7.4% | 61.7% |
| Net Margin | 28.9% | -1.4% |
| Revenue YoY | 8.7% | 3.7% |
| Net Profit YoY | -26.2% | -150.6% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $106.2M | ||
| Q3 25 | $82.8M | $104.2M | ||
| Q2 25 | $92.5M | $101.1M | ||
| Q1 25 | $82.9M | $100.4M | ||
| Q4 24 | $72.0M | $100.3M | ||
| Q3 24 | $67.0M | $87.4M | ||
| Q2 24 | $91.2M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $22.6M | $306.0K | ||
| Q3 25 | $29.5M | $1.2M | ||
| Q2 25 | $42.9M | $5.3M | ||
| Q1 25 | $31.6M | $2.9M | ||
| Q4 24 | $30.7M | $4.5M | ||
| Q3 24 | $16.2M | $4.3M | ||
| Q2 24 | $52.3M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| 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 | — | 61.7% | ||
| Q4 25 | 7.4% | 0.5% | ||
| Q3 25 | 31.1% | -0.2% | ||
| Q2 25 | 38.3% | -0.1% | ||
| Q1 25 | 37.3% | -2.0% | ||
| Q4 24 | 28.0% | 1.3% | ||
| Q3 24 | 24.0% | 2.4% | ||
| Q2 24 | 52.8% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 28.9% | 0.3% | ||
| Q3 25 | 35.7% | 1.1% | ||
| Q2 25 | 46.4% | 5.2% | ||
| Q1 25 | 38.2% | 2.9% | ||
| Q4 24 | 42.6% | 4.5% | ||
| Q3 24 | 24.1% | 4.9% | ||
| Q2 24 | 57.4% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.10 | $0.01 | ||
| Q3 25 | $0.29 | $0.01 | ||
| Q2 25 | $0.45 | $0.06 | ||
| Q1 25 | $0.35 | $0.03 | ||
| Q4 24 | $0.23 | $0.06 | ||
| Q3 24 | $0.19 | $0.05 | ||
| Q2 24 | $0.62 | $-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 | $201.9M | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $530.1M |
| Total Assets | $19.4B | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $201.9M | $342.1M | ||
| Q3 25 | $184.8M | $338.6M | ||
| Q2 25 | $211.0M | $336.8M | ||
| Q1 25 | $203.3M | $325.5M | ||
| Q4 24 | $192.4M | $334.7M | ||
| Q3 24 | $217.7M | $231.3M | ||
| Q2 24 | $198.5M | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $1.8B | $542.1M | ||
| Q3 25 | $1.8B | $537.7M | ||
| Q2 25 | $1.7B | $532.2M | ||
| Q1 25 | $1.6B | $517.4M | ||
| Q4 24 | $1.6B | $517.8M | ||
| Q3 24 | $1.6B | $400.2M | ||
| Q2 24 | $1.6B | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $19.4B | $612.9M | ||
| Q3 25 | $17.8B | $613.2M | ||
| Q2 25 | $17.1B | $608.9M | ||
| Q1 25 | $16.6B | $590.9M | ||
| Q4 24 | $16.3B | $592.2M | ||
| Q3 24 | $16.0B | $477.3M | ||
| Q2 24 | $15.1B | $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 | $-925.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-925.5M | $9.9M | ||
| Q3 25 | $-290.4M | $7.0M | ||
| Q2 25 | $-210.5M | $14.4M | ||
| Q1 25 | $-126.4M | $9.4M | ||
| Q4 24 | $-430.5M | $7.1M | ||
| Q3 24 | $-141.7M | $9.2M | ||
| Q2 24 | $-88.6M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $5.9M | ||
| Q2 24 | — | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 3.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 0.0% | 3.7% | ||
| Q2 24 | 0.0% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | -40.92× | 32.34× | ||
| Q3 25 | -9.84× | 5.92× | ||
| Q2 25 | -4.90× | 2.73× | ||
| Q1 25 | -3.99× | 3.21× | ||
| Q4 24 | -14.04× | 1.56× | ||
| Q3 24 | -8.76× | 2.15× | ||
| Q2 24 | -1.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
