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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) 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 $64.6M, roughly 1.6× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 3.7%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 12.0%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
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.
ESTA vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $104.1M |
| Net Profit | — | $-1.5M |
| Gross Margin | 70.5% | 34.8% |
| Operating Margin | -6.1% | 61.7% |
| Net Margin | — | -1.4% |
| Revenue YoY | 45.2% | 3.7% |
| Net Profit YoY | — | -150.6% |
| EPS (diluted) | $-0.07 | $-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 | $64.6M | $106.2M | ||
| Q3 25 | $53.8M | $104.2M | ||
| Q2 25 | $51.3M | $101.1M | ||
| Q1 25 | $41.4M | $100.4M | ||
| Q4 24 | $44.5M | $100.3M | ||
| Q3 24 | $40.2M | $87.4M | ||
| Q2 24 | $44.1M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | — | $306.0K | ||
| Q3 25 | $-11.1M | $1.2M | ||
| Q2 25 | $-16.6M | $5.3M | ||
| Q1 25 | $-20.7M | $2.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-16.7M | $4.3M | ||
| Q2 24 | $-17.2M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 70.5% | 34.0% | ||
| Q3 25 | 70.1% | 33.3% | ||
| Q2 25 | 68.8% | 34.1% | ||
| Q1 25 | 67.2% | 36.8% | ||
| Q4 24 | 68.5% | 36.9% | ||
| Q3 24 | 63.9% | 37.4% | ||
| Q2 24 | 65.6% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | -6.1% | 0.5% | ||
| Q3 25 | -7.5% | -0.2% | ||
| Q2 25 | -27.5% | -0.1% | ||
| Q1 25 | -41.0% | -2.0% | ||
| Q4 24 | -41.9% | 1.3% | ||
| Q3 24 | -32.7% | 2.4% | ||
| Q2 24 | -21.2% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | -20.7% | 1.1% | ||
| Q2 25 | -32.3% | 5.2% | ||
| Q1 25 | -50.1% | 2.9% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -41.5% | 4.9% | ||
| Q2 24 | -38.9% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-0.07 | $0.01 | ||
| Q3 25 | $-0.38 | $0.01 | ||
| Q2 25 | $-0.57 | $0.06 | ||
| Q1 25 | $-0.70 | $0.03 | ||
| Q4 24 | $-1.21 | $0.06 | ||
| Q3 24 | $-0.59 | $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 | $75.6M | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $530.1M |
| Total Assets | $357.2M | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $75.6M | $342.1M | ||
| Q3 25 | $70.6M | $338.6M | ||
| Q2 25 | $54.6M | $336.8M | ||
| Q1 25 | $69.2M | $325.5M | ||
| Q4 24 | $90.3M | $334.7M | ||
| Q3 24 | — | $231.3M | ||
| Q2 24 | — | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $23.5M | $542.1M | ||
| Q3 25 | $16.4M | $537.7M | ||
| Q2 25 | $22.8M | $532.2M | ||
| Q1 25 | $38.5M | $517.4M | ||
| Q4 24 | $53.1M | $517.8M | ||
| Q3 24 | $32.7M | $400.2M | ||
| Q2 24 | $45.0M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $357.2M | $612.9M | ||
| Q3 25 | $338.9M | $613.2M | ||
| Q2 25 | $329.7M | $608.9M | ||
| Q1 25 | $333.4M | $590.9M | ||
| Q4 24 | $346.8M | $592.2M | ||
| Q3 24 | $282.7M | $477.3M | ||
| Q2 24 | $285.1M | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| 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 | $-162.0K | — |
| Free Cash FlowOCF − Capex | $-2.0M | — |
| FCF MarginFCF / Revenue | -3.1% | — |
| Capex IntensityCapex / Revenue | 2.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-162.0K | $9.9M | ||
| Q3 25 | $-11.3M | $7.0M | ||
| Q2 25 | $-18.8M | $14.4M | ||
| Q1 25 | $-20.7M | $9.4M | ||
| Q4 24 | $-20.7M | $7.1M | ||
| Q3 24 | $-12.5M | $9.2M | ||
| Q2 24 | $-14.2M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.0M | $6.1M | ||
| Q3 25 | $-13.1M | $2.9M | ||
| Q2 25 | $-20.4M | $10.2M | ||
| Q1 25 | $-21.5M | $6.0M | ||
| Q4 24 | $-21.3M | $4.4M | ||
| Q3 24 | $-13.9M | $5.9M | ||
| Q2 24 | $-15.0M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -3.1% | 5.7% | ||
| Q3 25 | -24.4% | 2.8% | ||
| Q2 25 | -39.7% | 10.1% | ||
| Q1 25 | -51.9% | 6.0% | ||
| Q4 24 | -47.8% | 4.4% | ||
| Q3 24 | -34.6% | 6.8% | ||
| Q2 24 | -33.9% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 3.6% | ||
| Q3 25 | 3.4% | 3.9% | ||
| Q2 25 | 3.2% | 4.1% | ||
| Q1 25 | 1.8% | 3.3% | ||
| Q4 24 | 1.2% | 2.6% | ||
| Q3 24 | 3.7% | 3.7% | ||
| Q2 24 | 1.8% | 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.
