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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and HIVE Digital Technologies Ltd. (HIVE). 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 $93.1M, roughly 1.1× HIVE Digital Technologies Ltd.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -98.1%, a 96.7% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 3.7%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

GDYN vs HIVE — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.1× larger
GDYN
$104.1M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+214.9% gap
HIVE
218.6%
3.7%
GDYN
Higher net margin
GDYN
GDYN
96.7% more per $
GDYN
-1.4%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
12.0%
GDYN

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GDYN
GDYN
HIVE
HIVE
Revenue
$104.1M
$93.1M
Net Profit
$-1.5M
$-91.3M
Gross Margin
34.8%
-27.1%
Operating Margin
61.7%
Net Margin
-1.4%
-98.1%
Revenue YoY
3.7%
218.6%
Net Profit YoY
-150.6%
-234.0%
EPS (diluted)
$-0.02
$-0.38

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
HIVE
HIVE
Q1 26
$104.1M
Q4 25
$106.2M
$93.1M
Q3 25
$104.2M
$87.3M
Q2 25
$101.1M
$45.6M
Q1 25
$100.4M
Q4 24
$100.3M
$29.2M
Q3 24
$87.4M
$22.6M
Q2 24
$83.0M
$32.2M
Net Profit
GDYN
GDYN
HIVE
HIVE
Q1 26
$-1.5M
Q4 25
$306.0K
$-91.3M
Q3 25
$1.2M
$-15.8M
Q2 25
$5.3M
$35.0M
Q1 25
$2.9M
Q4 24
$4.5M
$68.2M
Q3 24
$4.3M
$80.0K
Q2 24
$-817.0K
$-18.3M
Gross Margin
GDYN
GDYN
HIVE
HIVE
Q1 26
34.8%
Q4 25
34.0%
-27.1%
Q3 25
33.3%
4.7%
Q2 25
34.1%
-13.6%
Q1 25
36.8%
Q4 24
36.9%
-43.7%
Q3 24
37.4%
-66.1%
Q2 24
35.6%
-7.4%
Operating Margin
GDYN
GDYN
HIVE
HIVE
Q1 26
61.7%
Q4 25
0.5%
Q3 25
-0.2%
Q2 25
-0.1%
Q1 25
-2.0%
Q4 24
1.3%
Q3 24
2.4%
Q2 24
0.0%
Net Margin
GDYN
GDYN
HIVE
HIVE
Q1 26
-1.4%
Q4 25
0.3%
-98.1%
Q3 25
1.1%
-18.1%
Q2 25
5.2%
76.8%
Q1 25
2.9%
Q4 24
4.5%
233.2%
Q3 24
4.9%
0.4%
Q2 24
-1.0%
-56.7%
EPS (diluted)
GDYN
GDYN
HIVE
HIVE
Q1 26
$-0.02
Q4 25
$0.01
$-0.38
Q3 25
$0.01
$-0.07
Q2 25
$0.06
$0.18
Q1 25
$0.03
Q4 24
$0.06
$0.52
Q3 24
$0.05
$0.00
Q2 24
$-0.01
$-0.17

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$327.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$559.3M
Total Assets
$605.0M
$624.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
HIVE
HIVE
Q1 26
$327.5M
Q4 25
$342.1M
Q3 25
$338.6M
Q2 25
$336.8M
Q1 25
$325.5M
Q4 24
$334.7M
$40.5M
Q3 24
$231.3M
$31.7M
Q2 24
$256.0M
Stockholders' Equity
GDYN
GDYN
HIVE
HIVE
Q1 26
$530.1M
Q4 25
$542.1M
$559.3M
Q3 25
$537.7M
$624.6M
Q2 25
$532.2M
$560.5M
Q1 25
$517.4M
Q4 24
$517.8M
$430.9M
Q3 24
$400.2M
$275.5M
Q2 24
$388.4M
$268.6M
Total Assets
GDYN
GDYN
HIVE
HIVE
Q1 26
$605.0M
Q4 25
$612.9M
$624.0M
Q3 25
$613.2M
$693.0M
Q2 25
$608.9M
$628.7M
Q1 25
$590.9M
Q4 24
$592.2M
$478.6M
Q3 24
$477.3M
$334.7M
Q2 24
$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
GDYN
GDYN
HIVE
HIVE
Operating Cash FlowLast quarter
$46.0M
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.

Operating Cash Flow
GDYN
GDYN
HIVE
HIVE
Q1 26
Q4 25
$9.9M
$46.0M
Q3 25
$7.0M
$-10.6M
Q2 25
$14.4M
$10.2M
Q1 25
$9.4M
Q4 24
$7.1M
$-28.5M
Q3 24
$9.2M
$-2.2M
Q2 24
$10.7M
$-4.4M
Free Cash Flow
GDYN
GDYN
HIVE
HIVE
Q1 26
Q4 25
$6.1M
Q3 25
$2.9M
Q2 25
$10.2M
Q1 25
$6.0M
Q4 24
$4.4M
$-55.5M
Q3 24
$5.9M
$-34.7M
Q2 24
$8.0M
FCF Margin
GDYN
GDYN
HIVE
HIVE
Q1 26
Q4 25
5.7%
Q3 25
2.8%
Q2 25
10.1%
Q1 25
6.0%
Q4 24
4.4%
-189.9%
Q3 24
6.8%
-153.4%
Q2 24
9.7%
Capex Intensity
GDYN
GDYN
HIVE
HIVE
Q1 26
Q4 25
3.6%
Q3 25
3.9%
Q2 25
4.1%
Q1 25
3.3%
Q4 24
2.6%
92.5%
Q3 24
3.7%
143.9%
Q2 24
3.2%
Cash Conversion
GDYN
GDYN
HIVE
HIVE
Q1 26
Q4 25
32.34×
Q3 25
5.92×
Q2 25
2.73×
0.29×
Q1 25
3.21×
Q4 24
1.56×
-0.42×
Q3 24
2.15×
-26.94×
Q2 24

Financial Flow Comparison

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

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