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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Inogen Inc (INGN). 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 $68.6M, roughly 1.5× Inogen Inc). On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs 3.4%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 4.2%).

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.

Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.

GDYN vs INGN — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.5× larger
GDYN
$104.1M
$68.6M
INGN
Growing faster (revenue YoY)
GDYN
GDYN
+0.3% gap
GDYN
3.7%
3.4%
INGN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
4.2%
INGN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
INGN
INGN
Revenue
$104.1M
$68.6M
Net Profit
$-1.5M
Gross Margin
34.8%
51.4%
Operating Margin
61.7%
-13.6%
Net Margin
-1.4%
Revenue YoY
3.7%
3.4%
Net Profit YoY
-150.6%
EPS (diluted)
$-0.02
$-0.26

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
INGN
INGN
Q1 26
$104.1M
Q4 25
$106.2M
$68.6M
Q3 25
$104.2M
$79.1M
Q2 25
$101.1M
$79.2M
Q1 25
$100.4M
$68.5M
Q4 24
$100.3M
$66.3M
Q3 24
$87.4M
$74.9M
Q2 24
$83.0M
$74.4M
Net Profit
GDYN
GDYN
INGN
INGN
Q1 26
$-1.5M
Q4 25
$306.0K
Q3 25
$1.2M
$-5.3M
Q2 25
$5.3M
$-4.2M
Q1 25
$2.9M
$-6.2M
Q4 24
$4.5M
Q3 24
$4.3M
$-6.0M
Q2 24
$-817.0K
$-5.6M
Gross Margin
GDYN
GDYN
INGN
INGN
Q1 26
34.8%
Q4 25
34.0%
51.4%
Q3 25
33.3%
52.2%
Q2 25
34.1%
52.2%
Q1 25
36.8%
53.1%
Q4 24
36.9%
54.7%
Q3 24
37.4%
55.2%
Q2 24
35.6%
57.4%
Operating Margin
GDYN
GDYN
INGN
INGN
Q1 26
61.7%
Q4 25
0.5%
-13.6%
Q3 25
-0.2%
-9.0%
Q2 25
-0.1%
-7.7%
Q1 25
-2.0%
-11.2%
Q4 24
1.3%
-17.2%
Q3 24
2.4%
-10.4%
Q2 24
0.0%
-9.5%
Net Margin
GDYN
GDYN
INGN
INGN
Q1 26
-1.4%
Q4 25
0.3%
Q3 25
1.1%
-6.7%
Q2 25
5.2%
-5.2%
Q1 25
2.9%
-9.0%
Q4 24
4.5%
Q3 24
4.9%
-8.0%
Q2 24
-1.0%
-7.5%
EPS (diluted)
GDYN
GDYN
INGN
INGN
Q1 26
$-0.02
Q4 25
$0.01
$-0.26
Q3 25
$0.01
$-0.20
Q2 25
$0.06
$-0.15
Q1 25
$0.03
$-0.25
Q4 24
$0.06
$-0.41
Q3 24
$0.05
$-0.25
Q2 24
$-0.01
$-0.24

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$327.5M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$192.2M
Total Assets
$605.0M
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
INGN
INGN
Q1 26
$327.5M
Q4 25
$342.1M
$103.7M
Q3 25
$338.6M
$106.5M
Q2 25
$336.8M
$103.7M
Q1 25
$325.5M
$118.9M
Q4 24
$334.7M
$113.8M
Q3 24
$231.3M
$105.7M
Q2 24
$256.0M
$97.9M
Stockholders' Equity
GDYN
GDYN
INGN
INGN
Q1 26
$530.1M
Q4 25
$542.1M
$192.2M
Q3 25
$537.7M
$197.2M
Q2 25
$532.2M
$199.5M
Q1 25
$517.4M
$198.0M
Q4 24
$517.8M
$173.9M
Q3 24
$400.2M
$185.4M
Q2 24
$388.4M
$187.6M
Total Assets
GDYN
GDYN
INGN
INGN
Q1 26
$605.0M
Q4 25
$612.9M
$298.6M
Q3 25
$613.2M
$307.0M
Q2 25
$608.9M
$312.0M
Q1 25
$590.9M
$308.4M
Q4 24
$592.2M
$296.2M
Q3 24
$477.3M
$306.2M
Q2 24
$443.6M
$308.9M

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
INGN
INGN
Operating Cash FlowLast quarter
$-943.0K
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-2.8%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
INGN
INGN
Q1 26
Q4 25
$9.9M
$-943.0K
Q3 25
$7.0M
$2.2M
Q2 25
$14.4M
$4.3M
Q1 25
$9.4M
$-16.8M
Q4 24
$7.1M
$-3.0M
Q3 24
$9.2M
$7.0M
Q2 24
$10.7M
$6.7M
Free Cash Flow
GDYN
GDYN
INGN
INGN
Q1 26
Q4 25
$6.1M
$-1.9M
Q3 25
$2.9M
$1.6M
Q2 25
$10.2M
$3.7M
Q1 25
$6.0M
$-17.1M
Q4 24
$4.4M
$-3.3M
Q3 24
$5.9M
$5.3M
Q2 24
$8.0M
$6.6M
FCF Margin
GDYN
GDYN
INGN
INGN
Q1 26
Q4 25
5.7%
-2.8%
Q3 25
2.8%
2.0%
Q2 25
10.1%
4.6%
Q1 25
6.0%
-24.9%
Q4 24
4.4%
-5.0%
Q3 24
6.8%
7.1%
Q2 24
9.7%
8.9%
Capex Intensity
GDYN
GDYN
INGN
INGN
Q1 26
Q4 25
3.6%
1.4%
Q3 25
3.9%
0.7%
Q2 25
4.1%
0.9%
Q1 25
3.3%
0.4%
Q4 24
2.6%
0.5%
Q3 24
3.7%
2.2%
Q2 24
3.2%
0.1%
Cash Conversion
GDYN
GDYN
INGN
INGN
Q1 26
Q4 25
32.34×
Q3 25
5.92×
Q2 25
2.73×
Q1 25
3.21×
Q4 24
1.56×
Q3 24
2.15×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Segment breakdown not available.

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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