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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) 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 ($106.2M vs $98.7M, roughly 1.1× GCL Global Holdings Ltd). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -5.2%, a 5.5% gap on every dollar of revenue. GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-5.2M).
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs GDYN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $106.2M |
| Net Profit | $-5.1M | $306.0K |
| Gross Margin | 11.0% | 34.0% |
| Operating Margin | -6.7% | 0.5% |
| Net Margin | -5.2% | 0.3% |
| Revenue YoY | — | 5.9% |
| Net Profit YoY | — | -93.2% |
| EPS (diluted) | $-0.04 | $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 | $98.7M | $104.2M | ||
| Q2 25 | $142.1M | $101.1M | ||
| Q1 25 | — | $100.4M | ||
| Q4 24 | — | $100.3M | ||
| Q3 24 | $36.1M | $87.4M | ||
| Q2 24 | — | $83.0M | ||
| Q1 24 | — | $79.8M |
| Q4 25 | — | $306.0K | ||
| Q3 25 | $-5.1M | $1.2M | ||
| Q2 25 | $5.6M | $5.3M | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | $-1.9M | $4.3M | ||
| Q2 24 | — | $-817.0K | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | 34.0% | ||
| Q3 25 | 11.0% | 33.3% | ||
| Q2 25 | 15.0% | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | 16.2% | 37.4% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 34.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | -6.7% | -0.2% | ||
| Q2 25 | 2.3% | -0.1% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | -5.6% | 2.4% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | -6.9% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | -5.2% | 1.1% | ||
| Q2 25 | 3.9% | 5.2% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -5.2% | 4.9% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -4.9% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-0.04 | $0.01 | ||
| Q2 25 | $0.05 | $0.06 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-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 | $16.6M | $342.1M |
| Total DebtLower is stronger | $52.0M | — |
| Stockholders' EquityBook value | $33.1M | $542.1M |
| Total Assets | $159.9M | $612.9M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $342.1M | ||
| Q3 25 | $16.6M | $338.6M | ||
| Q2 25 | $18.2M | $336.8M | ||
| Q1 25 | — | $325.5M | ||
| Q4 24 | — | $334.7M | ||
| Q3 24 | $2.7M | $231.3M | ||
| Q2 24 | — | $256.0M | ||
| Q1 24 | — | $249.4M |
| Q4 25 | — | — | ||
| Q3 25 | $52.0M | — | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $542.1M | ||
| Q3 25 | $33.1M | $537.7M | ||
| Q2 25 | $35.9M | $532.2M | ||
| Q1 25 | — | $517.4M | ||
| Q4 24 | — | $517.8M | ||
| Q3 24 | $15.9M | $400.2M | ||
| Q2 24 | — | $388.4M | ||
| Q1 24 | — | $382.8M |
| Q4 25 | — | $612.9M | ||
| Q3 25 | $159.9M | $613.2M | ||
| Q2 25 | $101.6M | $608.9M | ||
| Q1 25 | — | $590.9M | ||
| Q4 24 | — | $592.2M | ||
| Q3 24 | $49.6M | $477.3M | ||
| Q2 24 | — | $443.6M | ||
| Q1 24 | — | $435.3M |
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-4.8M | $9.9M |
| Free Cash FlowOCF − Capex | $-5.2M | $6.1M |
| FCF MarginFCF / Revenue | -5.3% | 5.7% |
| Capex IntensityCapex / Revenue | 0.4% | 3.6% |
| Cash ConversionOCF / Net Profit | — | 32.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.9M | ||
| Q3 25 | $-4.8M | $7.0M | ||
| Q2 25 | $-10.3M | $14.4M | ||
| Q1 25 | — | $9.4M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $6.1M | $9.2M | ||
| Q2 24 | — | $10.7M | ||
| Q1 24 | — | $3.2M |
| Q4 25 | — | $6.1M | ||
| Q3 25 | $-5.2M | $2.9M | ||
| Q2 25 | $-10.5M | $10.2M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $5.9M | ||
| Q2 24 | — | $8.0M | ||
| Q1 24 | — | $43.0K |
| Q4 25 | — | 5.7% | ||
| Q3 25 | -5.3% | 2.8% | ||
| Q2 25 | -7.4% | 10.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | 0.4% | 3.9% | ||
| Q2 25 | 0.1% | 4.1% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | — | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | -1.84× | 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
GCL
Segment breakdown not available.
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% |
