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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) 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 $92.1M, roughly 1.1× FLYEXCLUSIVE INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -4.6%, a 3.2% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 3.7%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 12.0%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
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.
FLYX vs GDYN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $104.1M |
| Net Profit | $-4.3M | $-1.5M |
| Gross Margin | 13.7% | 34.8% |
| Operating Margin | -12.3% | 61.7% |
| Net Margin | -4.6% | -1.4% |
| Revenue YoY | 19.8% | 3.7% |
| Net Profit YoY | 32.0% | -150.6% |
| EPS (diluted) | $-0.25 | $-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 | — | $106.2M | ||
| Q3 25 | $92.1M | $104.2M | ||
| Q2 25 | $91.3M | $101.1M | ||
| Q1 25 | $88.1M | $100.4M | ||
| Q4 24 | — | $100.3M | ||
| Q3 24 | $76.9M | $87.4M | ||
| Q2 24 | $79.0M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | — | $306.0K | ||
| Q3 25 | $-4.3M | $1.2M | ||
| Q2 25 | $-4.8M | $5.3M | ||
| Q1 25 | $-5.4M | $2.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-6.3M | $4.3M | ||
| Q2 24 | $-5.2M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | 13.7% | 33.3% | ||
| Q2 25 | 15.0% | 34.1% | ||
| Q1 25 | 12.8% | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | 11.3% | 37.4% | ||
| Q2 24 | 7.9% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | -12.3% | -0.2% | ||
| Q2 25 | -13.5% | -0.1% | ||
| Q1 25 | -16.7% | -2.0% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | -27.2% | 2.4% | ||
| Q2 24 | -27.6% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | -4.6% | 1.1% | ||
| Q2 25 | -5.2% | 5.2% | ||
| Q1 25 | -6.2% | 2.9% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -8.2% | 4.9% | ||
| Q2 24 | -6.5% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.25 | $0.01 | ||
| Q2 25 | $-0.26 | $0.06 | ||
| Q1 25 | $-0.30 | $0.03 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | $-0.32 | $0.05 | ||
| Q2 24 | $-0.32 | $-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 | $18.7M | $327.5M |
| Total DebtLower is stronger | $123.9M | — |
| Stockholders' EquityBook value | $-434.2M | $530.1M |
| Total Assets | $448.1M | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | $18.7M | $338.6M | ||
| Q2 25 | $15.8M | $336.8M | ||
| Q1 25 | $14.7M | $325.5M | ||
| Q4 24 | — | $334.7M | ||
| Q3 24 | $18.7M | $231.3M | ||
| Q2 24 | $9.3M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — |
| Q1 26 | — | $530.1M | ||
| Q4 25 | — | $542.1M | ||
| Q3 25 | $-434.2M | $537.7M | ||
| Q2 25 | $-261.4M | $532.2M | ||
| Q1 25 | $-281.5M | $517.4M | ||
| Q4 24 | — | $517.8M | ||
| Q3 24 | $-192.0M | $400.2M | ||
| Q2 24 | $-149.7M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | — | $612.9M | ||
| Q3 25 | $448.1M | $613.2M | ||
| Q2 25 | $443.4M | $608.9M | ||
| Q1 25 | $466.8M | $590.9M | ||
| Q4 24 | — | $592.2M | ||
| Q3 24 | $487.1M | $477.3M | ||
| Q2 24 | $494.7M | $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 | $-209.0K | — |
| Free Cash FlowOCF − Capex | $-11.0M | — |
| FCF MarginFCF / Revenue | -12.0% | — |
| Capex IntensityCapex / Revenue | 11.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $9.9M | ||
| Q3 25 | $-209.0K | $7.0M | ||
| Q2 25 | $363.0K | $14.4M | ||
| Q1 25 | $-10.5M | $9.4M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $-12.3M | $9.2M | ||
| Q2 24 | $-16.2M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1M | ||
| Q3 25 | $-11.0M | $2.9M | ||
| Q2 25 | $353.0K | $10.2M | ||
| Q1 25 | $-14.6M | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | $-25.7M | $5.9M | ||
| Q2 24 | $-26.6M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | -12.0% | 2.8% | ||
| Q2 25 | 0.4% | 10.1% | ||
| Q1 25 | -16.5% | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | -33.5% | 6.8% | ||
| Q2 24 | -33.7% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | 11.7% | 3.9% | ||
| Q2 25 | 0.0% | 4.1% | ||
| Q1 25 | 4.7% | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 17.5% | 3.7% | ||
| Q2 24 | 13.2% | 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.
