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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $104.1M, roughly 1.2× GRID DYNAMICS HOLDINGS, INC.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -1.4%, a 6.4% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs 3.7%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 12.0%).

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.

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

GDYN vs HIPO — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.2× larger
HIPO
$120.4M
$104.1M
GDYN
Growing faster (revenue YoY)
HIPO
HIPO
+14.5% gap
HIPO
18.2%
3.7%
GDYN
Higher net margin
HIPO
HIPO
6.4% more per $
HIPO
5.0%
-1.4%
GDYN
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
12.0%
GDYN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
HIPO
HIPO
Revenue
$104.1M
$120.4M
Net Profit
$-1.5M
$6.0M
Gross Margin
34.8%
Operating Margin
61.7%
5.6%
Net Margin
-1.4%
5.0%
Revenue YoY
3.7%
18.2%
Net Profit YoY
-150.6%
-86.4%
EPS (diluted)
$-0.02
$0.31

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.

Revenue
GDYN
GDYN
HIPO
HIPO
Q1 26
$104.1M
Q4 25
$106.2M
$120.4M
Q3 25
$104.2M
$120.6M
Q2 25
$101.1M
$117.3M
Q1 25
$100.4M
$110.3M
Q4 24
$100.3M
$101.9M
Q3 24
$87.4M
$95.5M
Q2 24
$83.0M
$89.6M
Net Profit
GDYN
GDYN
HIPO
HIPO
Q1 26
$-1.5M
Q4 25
$306.0K
$6.0M
Q3 25
$1.2M
$98.1M
Q2 25
$5.3M
$1.3M
Q1 25
$2.9M
$-47.7M
Q4 24
$4.5M
$44.2M
Q3 24
$4.3M
$-8.5M
Q2 24
$-817.0K
$-40.5M
Gross Margin
GDYN
GDYN
HIPO
HIPO
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%
Operating Margin
GDYN
GDYN
HIPO
HIPO
Q1 26
61.7%
Q4 25
0.5%
5.6%
Q3 25
-0.2%
81.3%
Q2 25
-0.1%
3.4%
Q1 25
-2.0%
-41.3%
Q4 24
1.3%
46.3%
Q3 24
2.4%
-5.4%
Q2 24
0.0%
-40.7%
Net Margin
GDYN
GDYN
HIPO
HIPO
Q1 26
-1.4%
Q4 25
0.3%
5.0%
Q3 25
1.1%
81.3%
Q2 25
5.2%
1.1%
Q1 25
2.9%
-43.2%
Q4 24
4.5%
43.4%
Q3 24
4.9%
-8.9%
Q2 24
-1.0%
-45.2%
EPS (diluted)
GDYN
GDYN
HIPO
HIPO
Q1 26
$-0.02
Q4 25
$0.01
$0.31
Q3 25
$0.01
$3.77
Q2 25
$0.06
$0.05
Q1 25
$0.03
$-1.91
Q4 24
$0.06
$1.81
Q3 24
$0.05
$-0.34
Q2 24
$-0.01
$-1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GDYN
GDYN
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$327.5M
$218.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$436.1M
Total Assets
$605.0M
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
HIPO
HIPO
Q1 26
$327.5M
Q4 25
$342.1M
$218.3M
Q3 25
$338.6M
$247.7M
Q2 25
$336.8M
$198.9M
Q1 25
$325.5M
$140.9M
Q4 24
$334.7M
$197.6M
Q3 24
$231.3M
$191.2M
Q2 24
$256.0M
$175.9M
Stockholders' Equity
GDYN
GDYN
HIPO
HIPO
Q1 26
$530.1M
Q4 25
$542.1M
$436.1M
Q3 25
$537.7M
$421.5M
Q2 25
$532.2M
$332.5M
Q1 25
$517.4M
$322.8M
Q4 24
$517.8M
$362.1M
Q3 24
$400.2M
$326.4M
Q2 24
$388.4M
$322.6M
Total Assets
GDYN
GDYN
HIPO
HIPO
Q1 26
$605.0M
Q4 25
$612.9M
$1.9B
Q3 25
$613.2M
$1.9B
Q2 25
$608.9M
$1.7B
Q1 25
$590.9M
$1.5B
Q4 24
$592.2M
$1.5B
Q3 24
$477.3M
$1.5B
Q2 24
$443.6M
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GDYN
GDYN
HIPO
HIPO
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
HIPO
HIPO
Q1 26
Q4 25
$9.9M
$9.2M
Q3 25
$7.0M
$16.9M
Q2 25
$14.4M
$24.7M
Q1 25
$9.4M
$-35.6M
Q4 24
$7.1M
$47.5M
Q3 24
$9.2M
$46.8M
Q2 24
$10.7M
$-10.6M
Free Cash Flow
GDYN
GDYN
HIPO
HIPO
Q1 26
Q4 25
$6.1M
$9.1M
Q3 25
$2.9M
$16.8M
Q2 25
$10.2M
$24.6M
Q1 25
$6.0M
$-35.7M
Q4 24
$4.4M
$47.2M
Q3 24
$5.9M
Q2 24
$8.0M
$-10.7M
FCF Margin
GDYN
GDYN
HIPO
HIPO
Q1 26
Q4 25
5.7%
7.6%
Q3 25
2.8%
13.9%
Q2 25
10.1%
21.0%
Q1 25
6.0%
-32.4%
Q4 24
4.4%
46.3%
Q3 24
6.8%
Q2 24
9.7%
-11.9%
Capex Intensity
GDYN
GDYN
HIPO
HIPO
Q1 26
Q4 25
3.6%
0.1%
Q3 25
3.9%
0.1%
Q2 25
4.1%
0.1%
Q1 25
3.3%
0.1%
Q4 24
2.6%
0.3%
Q3 24
3.7%
0.0%
Q2 24
3.2%
0.1%
Cash Conversion
GDYN
GDYN
HIPO
HIPO
Q1 26
Q4 25
32.34×
1.53×
Q3 25
5.92×
0.17×
Q2 25
2.73×
19.00×
Q1 25
3.21×
Q4 24
1.56×
1.07×
Q3 24
2.15×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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