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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and H2O AMERICA (HTO). Click either name above to swap in a different company.
H2O AMERICA is the larger business by last-quarter revenue ($199.4M vs $104.1M, roughly 1.9× GRID DYNAMICS HOLDINGS, INC.). H2O AMERICA runs the higher net margin — 8.1% vs -1.4%, a 9.5% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
GDYN vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $199.4M |
| Net Profit | $-1.5M | $16.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 16.6% |
| Net Margin | -1.4% | 8.1% |
| Revenue YoY | 3.7% | 1.5% |
| Net Profit YoY | -150.6% | -29.2% |
| EPS (diluted) | $-0.02 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $104.2M | $243.5M | ||
| Q2 25 | $101.1M | $197.8M | ||
| Q1 25 | $100.4M | $164.9M | ||
| Q4 24 | $100.3M | $196.5M | ||
| Q3 24 | $87.4M | $216.7M | ||
| Q2 24 | $83.0M | $173.1M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $16.2M | ||
| Q3 25 | $1.2M | $45.1M | ||
| Q2 25 | $5.3M | $24.7M | ||
| Q1 25 | $2.9M | $16.6M | ||
| Q4 24 | $4.5M | $22.9M | ||
| Q3 24 | $4.3M | $38.7M | ||
| Q2 24 | $-817.0K | $20.7M |
| 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 | 0.5% | 16.6% | ||
| Q3 25 | -0.2% | 26.5% | ||
| Q2 25 | -0.1% | 22.2% | ||
| Q1 25 | -2.0% | 21.8% | ||
| Q4 24 | 1.3% | 22.2% | ||
| Q3 24 | 2.4% | 26.9% | ||
| Q2 24 | 0.0% | 23.4% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 8.1% | ||
| Q3 25 | 1.1% | 18.5% | ||
| Q2 25 | 5.2% | 12.5% | ||
| Q1 25 | 2.9% | 10.0% | ||
| Q4 24 | 4.5% | 11.7% | ||
| Q3 24 | 4.9% | 17.8% | ||
| Q2 24 | -1.0% | 12.0% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.45 | ||
| Q3 25 | $0.01 | $1.27 | ||
| Q2 25 | $0.06 | $0.71 | ||
| Q1 25 | $0.03 | $0.49 | ||
| Q4 24 | $0.06 | $0.70 | ||
| Q3 24 | $0.05 | $1.17 | ||
| Q2 24 | $-0.01 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.5M | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $530.1M | $1.5B |
| Total Assets | $605.0M | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $20.7M | ||
| Q3 25 | $338.6M | $11.3M | ||
| Q2 25 | $336.8M | $19.8M | ||
| Q1 25 | $325.5M | $23.7M | ||
| Q4 24 | $334.7M | $11.1M | ||
| Q3 24 | $231.3M | $4.0M | ||
| Q2 24 | $256.0M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $1.5B | ||
| Q3 25 | $537.7M | $1.5B | ||
| Q2 25 | $532.2M | $1.5B | ||
| Q1 25 | $517.4M | $1.4B | ||
| Q4 24 | $517.8M | $1.4B | ||
| Q3 24 | $400.2M | $1.3B | ||
| Q2 24 | $388.4M | $1.3B |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $5.1B | ||
| Q3 25 | $613.2M | $5.0B | ||
| Q2 25 | $608.9M | $4.8B | ||
| Q1 25 | $590.9M | $4.7B | ||
| Q4 24 | $592.2M | $4.7B | ||
| Q3 24 | $477.3M | $4.6B | ||
| Q2 24 | $443.6M | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $63.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $63.5M | ||
| Q3 25 | $7.0M | $77.3M | ||
| Q2 25 | $14.4M | $60.8M | ||
| Q1 25 | $9.4M | $43.2M | ||
| Q4 24 | $7.1M | $41.5M | ||
| Q3 24 | $9.2M | $53.5M | ||
| Q2 24 | $10.7M | $49.3M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | — | ||
| Q3 25 | $2.9M | — | ||
| Q2 25 | $10.2M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $5.9M | — | ||
| Q2 24 | $8.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 10.1% | — | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 9.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 3.92× | ||
| Q3 25 | 5.92× | 1.71× | ||
| Q2 25 | 2.73× | 2.47× | ||
| Q1 25 | 3.21× | 2.61× | ||
| Q4 24 | 1.56× | 1.81× | ||
| Q3 24 | 2.15× | 1.39× | ||
| Q2 24 | — | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
