vs
Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Immunocore Holdings plc (IMCR). Click either name above to swap in a different company.
Immunocore Holdings plc is the larger business by last-quarter revenue ($104.5M vs $104.1M, roughly 1.0× GRID DYNAMICS HOLDINGS, INC.). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs 3.7%). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% 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.
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
GDYN vs IMCR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $104.5M |
| Net Profit | $-1.5M | — |
| Gross Margin | 34.8% | 97.4% |
| Operating Margin | 61.7% | -18.8% |
| Net Margin | -1.4% | — |
| Revenue YoY | 3.7% | 24.3% |
| Net Profit YoY | -150.6% | — |
| EPS (diluted) | $-0.02 | $-0.61 |
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 | $104.5M | ||
| Q3 25 | $104.2M | $103.7M | ||
| Q2 25 | $101.1M | $98.0M | ||
| Q1 25 | $100.4M | $93.9M | ||
| Q4 24 | $100.3M | $84.1M | ||
| Q3 24 | $87.4M | $80.2M | ||
| Q2 24 | $83.0M | $75.4M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | — | ||
| Q3 25 | $1.2M | $-177.0K | ||
| Q2 25 | $5.3M | $-10.3M | ||
| Q1 25 | $2.9M | $5.0M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $4.3M | $8.7M | ||
| Q2 24 | $-817.0K | $-11.6M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 97.4% | ||
| Q3 25 | 33.3% | 99.5% | ||
| Q2 25 | 34.1% | 98.9% | ||
| Q1 25 | 36.8% | 99.1% | ||
| Q4 24 | 36.9% | 99.6% | ||
| Q3 24 | 37.4% | 99.4% | ||
| Q2 24 | 35.6% | 97.7% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | -18.8% | ||
| Q3 25 | -0.2% | -6.9% | ||
| Q2 25 | -0.1% | -15.2% | ||
| Q1 25 | -2.0% | -3.9% | ||
| Q4 24 | 1.3% | -23.1% | ||
| Q3 24 | 2.4% | -10.6% | ||
| Q2 24 | 0.0% | -21.2% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.1% | -0.2% | ||
| Q2 25 | 5.2% | -10.5% | ||
| Q1 25 | 2.9% | 5.4% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.9% | 10.9% | ||
| Q2 24 | -1.0% | -15.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $-0.61 | ||
| Q3 25 | $0.01 | $0.00 | ||
| Q2 25 | $0.06 | $-0.20 | ||
| Q1 25 | $0.03 | $0.10 | ||
| Q4 24 | $0.06 | $-0.47 | ||
| Q3 24 | $0.05 | $0.17 | ||
| Q2 24 | $-0.01 | $-0.23 |
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 | $864.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $381.0M |
| Total Assets | $605.0M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $864.2M | ||
| Q3 25 | $338.6M | $892.4M | ||
| Q2 25 | $336.8M | $882.8M | ||
| Q1 25 | $325.5M | $837.0M | ||
| Q4 24 | $334.7M | $820.4M | ||
| Q3 24 | $231.3M | $901.3M | ||
| Q2 24 | $256.0M | $859.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $438.7M | ||
| Q2 24 | — | $452.5M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $381.0M | ||
| Q3 25 | $537.7M | $396.6M | ||
| Q2 25 | $532.2M | $388.5M | ||
| Q1 25 | $517.4M | $378.5M | ||
| Q4 24 | $517.8M | $360.7M | ||
| Q3 24 | $400.2M | $377.8M | ||
| Q2 24 | $388.4M | $359.1M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $1.1B | ||
| Q3 25 | $613.2M | $1.1B | ||
| Q2 25 | $608.9M | $1.1B | ||
| Q1 25 | $590.9M | $1.0B | ||
| Q4 24 | $592.2M | $1.0B | ||
| Q3 24 | $477.3M | $1.1B | ||
| Q2 24 | $443.6M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.26× |
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 | — | $-32.7M |
| Free Cash FlowOCF − Capex | — | $-35.5M |
| FCF MarginFCF / Revenue | — | -34.0% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-15.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-32.7M | ||
| Q3 25 | $7.0M | $-4.5M | ||
| Q2 25 | $14.4M | $26.0M | ||
| Q1 25 | $9.4M | $435.0K | ||
| Q4 24 | $7.1M | $-14.0M | ||
| Q3 24 | $9.2M | $21.1M | ||
| Q2 24 | $10.7M | $23.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-35.5M | ||
| Q3 25 | $2.9M | $-5.2M | ||
| Q2 25 | $10.2M | $25.6M | ||
| Q1 25 | $6.0M | $137.0K | ||
| Q4 24 | $4.4M | $-17.5M | ||
| Q3 24 | $5.9M | $20.3M | ||
| Q2 24 | $8.0M | $23.1M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -34.0% | ||
| Q3 25 | 2.8% | -5.0% | ||
| Q2 25 | 10.1% | 26.1% | ||
| Q1 25 | 6.0% | 0.1% | ||
| Q4 24 | 4.4% | -20.9% | ||
| Q3 24 | 6.8% | 25.3% | ||
| Q2 24 | 9.7% | 30.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 2.8% | ||
| Q3 25 | 3.9% | 0.7% | ||
| Q2 25 | 4.1% | 0.4% | ||
| Q1 25 | 3.3% | 0.3% | ||
| Q4 24 | 2.6% | 4.3% | ||
| Q3 24 | 3.7% | 1.0% | ||
| Q2 24 | 3.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | 0.09× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | 2.42× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
