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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.7× Fluent, Inc.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -6.7%, a 5.2% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -5.5%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $104.1M |
| Net Profit | $-4.1M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | 0.3% | 61.7% |
| Net Margin | -6.7% | -1.4% |
| Revenue YoY | -5.5% | 3.7% |
| Net Profit YoY | -20.1% | -150.6% |
| EPS (diluted) | $-0.09 | $-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 | $61.8M | $106.2M | ||
| Q3 25 | $47.0M | $104.2M | ||
| Q2 25 | $44.7M | $101.1M | ||
| Q1 25 | $55.2M | $100.4M | ||
| Q4 24 | $65.4M | $100.3M | ||
| Q3 24 | $64.5M | $87.4M | ||
| Q2 24 | $58.7M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $-4.1M | $306.0K | ||
| Q3 25 | $-7.6M | $1.2M | ||
| Q2 25 | $-7.2M | $5.3M | ||
| Q1 25 | $-8.3M | $2.9M | ||
| Q4 24 | $-3.4M | $4.5M | ||
| Q3 24 | $-7.9M | $4.3M | ||
| Q2 24 | $-11.6M | $-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 | 0.3% | 0.5% | ||
| Q3 25 | -13.4% | -0.2% | ||
| Q2 25 | -15.9% | -0.1% | ||
| Q1 25 | -12.8% | -2.0% | ||
| Q4 24 | -8.3% | 1.3% | ||
| Q3 24 | -6.0% | 2.4% | ||
| Q2 24 | -17.7% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | -6.7% | 0.3% | ||
| Q3 25 | -16.1% | 1.1% | ||
| Q2 25 | -16.2% | 5.2% | ||
| Q1 25 | -15.0% | 2.9% | ||
| Q4 24 | -5.2% | 4.5% | ||
| Q3 24 | -12.3% | 4.9% | ||
| Q2 24 | -19.8% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-0.09 | $0.01 | ||
| Q3 25 | $-0.27 | $0.01 | ||
| Q2 25 | $-0.30 | $0.06 | ||
| Q1 25 | $-0.39 | $0.03 | ||
| Q4 24 | $-0.12 | $0.06 | ||
| Q3 24 | $-0.48 | $0.05 | ||
| Q2 24 | $-0.75 | $-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 | $12.9M | $327.5M |
| Total DebtLower is stronger | $34.6M | — |
| Stockholders' EquityBook value | $18.2M | $530.1M |
| Total Assets | $89.1M | $605.0M |
| Debt / EquityLower = less leverage | 1.90× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $12.9M | $342.1M | ||
| Q3 25 | $9.2M | $338.6M | ||
| Q2 25 | $4.9M | $336.8M | ||
| Q1 25 | $4.8M | $325.5M | ||
| Q4 24 | $9.4M | $334.7M | ||
| Q3 24 | $6.6M | $231.3M | ||
| Q2 24 | $5.0M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | $34.6M | — | ||
| Q3 25 | $26.0M | — | ||
| Q2 25 | $23.2M | — | ||
| Q1 25 | $25.6M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $37.9M | — | ||
| Q2 24 | $33.3M | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $18.2M | $542.1M | ||
| Q3 25 | $21.6M | $537.7M | ||
| Q2 25 | $19.1M | $532.2M | ||
| Q1 25 | $22.0M | $517.4M | ||
| Q4 24 | $25.0M | $517.8M | ||
| Q3 24 | $20.0M | $400.2M | ||
| Q2 24 | $27.5M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $89.1M | $612.9M | ||
| Q3 25 | $76.1M | $613.2M | ||
| Q2 25 | $74.5M | $608.9M | ||
| Q1 25 | $77.5M | $590.9M | ||
| Q4 24 | $93.6M | $592.2M | ||
| Q3 24 | $77.5M | $477.3M | ||
| Q2 24 | $98.5M | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | 1.90× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.90× | — | ||
| Q2 24 | 1.21× | — |
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 | $2.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.8M | $9.9M | ||
| Q3 25 | $-7.3M | $7.0M | ||
| Q2 25 | $935.0K | $14.4M | ||
| Q1 25 | $2.1M | $9.4M | ||
| Q4 24 | $-2.1M | $7.1M | ||
| Q3 24 | $1.2M | $9.2M | ||
| Q2 24 | $-13.1M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1M | ||
| Q3 25 | $-7.3M | $2.9M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | $1.2M | $5.9M | ||
| Q2 24 | — | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | -15.6% | 2.8% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | 0.0% | 3.9% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 0.0% | 3.7% | ||
| Q2 24 | — | 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.
Revenue Breakdown by Segment
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
GDYN
Segment breakdown not available.
