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Side-by-side financial comparison of 4D Molecular Therapeutics, Inc. (FDMT) 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 $85.1M, roughly 1.2× 4D Molecular Therapeutics, Inc.). 4D Molecular Therapeutics, Inc. runs the higher net margin — 22.8% vs -1.4%, a 24.2% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 3.7%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs 12.0%).
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
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.
FDMT vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $85.1M | $104.1M |
| Net Profit | $19.4M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | 17.3% | 61.7% |
| Net Margin | 22.8% | -1.4% |
| Revenue YoY | 8508900.0% | 3.7% |
| Net Profit YoY | 139.1% | -150.6% |
| EPS (diluted) | $0.43 | $-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 | $85.1M | $106.2M | ||
| Q3 25 | $90.0K | $104.2M | ||
| Q2 25 | $15.0K | $101.1M | ||
| Q1 25 | $14.0K | $100.4M | ||
| Q4 24 | $1.0K | $100.3M | ||
| Q3 24 | $3.0K | $87.4M | ||
| Q2 24 | $5.0K | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $19.4M | $306.0K | ||
| Q3 25 | $-56.9M | $1.2M | ||
| Q2 25 | $-54.7M | $5.3M | ||
| Q1 25 | $-48.0M | $2.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-43.8M | $4.3M | ||
| Q2 24 | $-35.0M | $-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 | 17.3% | 0.5% | ||
| Q3 25 | -67983.3% | -0.2% | ||
| Q2 25 | -396373.3% | -0.1% | ||
| Q1 25 | -383007.1% | -2.0% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | -1704400.0% | 2.4% | ||
| Q2 24 | -849120.0% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 22.8% | 0.3% | ||
| Q3 25 | -63195.6% | 1.1% | ||
| Q2 25 | -364386.7% | 5.2% | ||
| Q1 25 | -342657.1% | 2.9% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -1461433.3% | 4.9% | ||
| Q2 24 | -699060.0% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.43 | $0.01 | ||
| Q3 25 | $-1.01 | $0.01 | ||
| Q2 25 | $-0.98 | $0.06 | ||
| Q1 25 | $-0.86 | $0.03 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.79 | $0.05 | ||
| Q2 24 | $-0.63 | $-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 | $402.7M | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $505.7M | $530.1M |
| Total Assets | $566.7M | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $402.7M | $342.1M | ||
| Q3 25 | $305.1M | $338.6M | ||
| Q2 25 | $293.2M | $336.8M | ||
| Q1 25 | $321.4M | $325.5M | ||
| Q4 24 | $424.9M | $334.7M | ||
| Q3 24 | $501.9M | $231.3M | ||
| Q2 24 | $541.9M | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $505.7M | $542.1M | ||
| Q3 25 | $369.0M | $537.7M | ||
| Q2 25 | $420.9M | $532.2M | ||
| Q1 25 | $469.7M | $517.4M | ||
| Q4 24 | $510.6M | $517.8M | ||
| Q3 24 | $552.9M | $400.2M | ||
| Q2 24 | $588.3M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $566.7M | $612.9M | ||
| Q3 25 | $424.0M | $613.2M | ||
| Q2 25 | $473.6M | $608.9M | ||
| Q1 25 | $515.7M | $590.9M | ||
| Q4 24 | $560.4M | $592.2M | ||
| Q3 24 | $604.0M | $477.3M | ||
| Q2 24 | $620.1M | $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 | $28.6M | — |
| Free Cash FlowOCF − Capex | $28.5M | — |
| FCF MarginFCF / Revenue | 33.5% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-109.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $28.6M | $9.9M | ||
| Q3 25 | $-46.5M | $7.0M | ||
| Q2 25 | $-43.4M | $14.4M | ||
| Q1 25 | $-47.8M | $9.4M | ||
| Q4 24 | $-134.6M | $7.1M | ||
| Q3 24 | $-29.4M | $9.2M | ||
| Q2 24 | $-30.2M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $28.5M | $6.1M | ||
| Q3 25 | $-46.6M | $2.9M | ||
| Q2 25 | $-43.4M | $10.2M | ||
| Q1 25 | $-48.4M | $6.0M | ||
| Q4 24 | $-138.4M | $4.4M | ||
| Q3 24 | $-31.2M | $5.9M | ||
| Q2 24 | $-30.6M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 33.5% | 5.7% | ||
| Q3 25 | -51765.6% | 2.8% | ||
| Q2 25 | -289620.0% | 10.1% | ||
| Q1 25 | -345635.7% | 6.0% | ||
| Q4 24 | -13837100.0% | 4.4% | ||
| Q3 24 | -1038966.7% | 6.8% | ||
| Q2 24 | -611840.0% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 3.6% | ||
| Q3 25 | 101.1% | 3.9% | ||
| Q2 25 | 440.0% | 4.1% | ||
| Q1 25 | 4507.1% | 3.3% | ||
| Q4 24 | 378600.0% | 2.6% | ||
| Q3 24 | 59266.7% | 3.7% | ||
| Q2 24 | 6980.0% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.47× | 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.
