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Side-by-side financial comparison of Fat Brands, Inc (FAT) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
Fat Brands, Inc is the larger business by last-quarter revenue ($140.0M vs $106.2M, roughly 1.3× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -41.6%, a 41.9% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -2.3%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-16.9M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
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.
FAT vs GDYN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $106.2M |
| Net Profit | $-58.2M | $306.0K |
| Gross Margin | — | 34.0% |
| Operating Margin | -12.4% | 0.5% |
| Net Margin | -41.6% | 0.3% |
| Revenue YoY | -2.3% | 5.9% |
| Net Profit YoY | -30.1% | -93.2% |
| EPS (diluted) | $-3.39 | $0.01 |
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.
| Q4 25 | — | $106.2M | ||
| Q3 25 | $140.0M | $104.2M | ||
| Q2 25 | $146.8M | $101.1M | ||
| Q1 25 | $142.0M | $100.4M | ||
| Q4 24 | $145.3M | $100.3M | ||
| Q3 24 | $143.4M | $87.4M | ||
| Q2 24 | $152.0M | $83.0M | ||
| Q1 24 | $152.0M | $79.8M |
| Q4 25 | — | $306.0K | ||
| Q3 25 | $-58.2M | $1.2M | ||
| Q2 25 | $-54.2M | $5.3M | ||
| Q1 25 | $-46.0M | $2.9M | ||
| Q4 24 | $-67.4M | $4.5M | ||
| Q3 24 | $-44.8M | $4.3M | ||
| Q2 24 | $-39.4M | $-817.0K | ||
| Q1 24 | $-38.3M | $-3.9M |
| 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 24 | — | 34.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | -12.4% | -0.2% | ||
| Q2 25 | -10.6% | -0.1% | ||
| Q1 25 | -6.0% | -2.0% | ||
| Q4 24 | -27.1% | 1.3% | ||
| Q3 24 | -6.2% | 2.4% | ||
| Q2 24 | -1.8% | 0.0% | ||
| Q1 24 | -0.9% | -6.9% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | -41.6% | 1.1% | ||
| Q2 25 | -36.9% | 5.2% | ||
| Q1 25 | -32.4% | 2.9% | ||
| Q4 24 | -46.4% | 4.5% | ||
| Q3 24 | -31.2% | 4.9% | ||
| Q2 24 | -25.9% | -1.0% | ||
| Q1 24 | -25.2% | -4.9% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-3.39 | $0.01 | ||
| Q2 25 | $-3.17 | $0.06 | ||
| Q1 25 | $-2.73 | $0.03 | ||
| Q4 24 | $-4.06 | $0.06 | ||
| Q3 24 | $-2.74 | $0.05 | ||
| Q2 24 | $-2.43 | $-0.01 | ||
| Q1 24 | $-2.37 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $342.1M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $542.1M |
| Total Assets | $1.2B | $612.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $338.6M | ||
| Q2 25 | — | $336.8M | ||
| Q1 25 | — | $325.5M | ||
| Q4 24 | — | $334.7M | ||
| Q3 24 | — | $231.3M | ||
| Q2 24 | — | $256.0M | ||
| Q1 24 | — | $249.4M |
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $542.1M | ||
| Q3 25 | $-585.8M | $537.7M | ||
| Q2 25 | $-536.5M | $532.2M | ||
| Q1 25 | $-493.9M | $517.4M | ||
| Q4 24 | $-455.7M | $517.8M | ||
| Q3 24 | $-386.1M | $400.2M | ||
| Q2 24 | $-338.6M | $388.4M | ||
| Q1 24 | $-296.8M | $382.8M |
| Q4 25 | — | $612.9M | ||
| Q3 25 | $1.2B | $613.2M | ||
| Q2 25 | $1.2B | $608.9M | ||
| Q1 25 | $1.3B | $590.9M | ||
| Q4 24 | $1.3B | $592.2M | ||
| Q3 24 | $1.3B | $477.3M | ||
| Q2 24 | $1.4B | $443.6M | ||
| Q1 24 | $1.4B | $435.3M |
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 | $-14.5M | $9.9M |
| Free Cash FlowOCF − Capex | $-16.9M | $6.1M |
| FCF MarginFCF / Revenue | -12.1% | 5.7% |
| Capex IntensityCapex / Revenue | 1.7% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 32.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.9M | ||
| Q3 25 | $-14.5M | $7.0M | ||
| Q2 25 | $-26.9M | $14.4M | ||
| Q1 25 | $-13.2M | $9.4M | ||
| Q4 24 | $-10.4M | $7.1M | ||
| Q3 24 | $-3.2M | $9.2M | ||
| Q2 24 | $-14.2M | $10.7M | ||
| Q1 24 | $-28.4M | $3.2M |
| Q4 25 | — | $6.1M | ||
| Q3 25 | $-16.9M | $2.9M | ||
| Q2 25 | $-29.3M | $10.2M | ||
| Q1 25 | $-17.8M | $6.0M | ||
| Q4 24 | $-11.0M | $4.4M | ||
| Q3 24 | $-11.1M | $5.9M | ||
| Q2 24 | $-24.4M | $8.0M | ||
| Q1 24 | $-32.5M | $43.0K |
| Q4 25 | — | 5.7% | ||
| Q3 25 | -12.1% | 2.8% | ||
| Q2 25 | -20.0% | 10.1% | ||
| Q1 25 | -12.5% | 6.0% | ||
| Q4 24 | -7.6% | 4.4% | ||
| Q3 24 | -7.7% | 6.8% | ||
| Q2 24 | -16.1% | 9.7% | ||
| Q1 24 | -21.4% | 0.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | 1.7% | 3.9% | ||
| Q2 25 | 1.6% | 4.1% | ||
| Q1 25 | 3.2% | 3.3% | ||
| Q4 24 | 0.4% | 2.6% | ||
| Q3 24 | 5.5% | 3.7% | ||
| Q2 24 | 6.7% | 3.2% | ||
| Q1 24 | 2.7% | 4.0% |
| 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 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
