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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $106.2M, roughly 1.6× GRID DYNAMICS HOLDINGS, INC.). On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs 2.5%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 2.2%).
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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
GDYN vs IRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $165.3M |
| Net Profit | $306.0K | — |
| Gross Margin | 34.0% | — |
| Operating Margin | 0.5% | — |
| Net Margin | 0.3% | — |
| Revenue YoY | 5.9% | 2.5% |
| Net Profit YoY | -93.2% | — |
| EPS (diluted) | $0.01 | $0.00 |
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 | — | $165.3M | ||
| Q4 25 | $106.2M | $167.1M | ||
| Q3 25 | $104.2M | $167.1M | ||
| Q2 25 | $101.1M | $162.2M | ||
| Q1 25 | $100.4M | $161.2M | ||
| Q4 24 | $100.3M | $161.0M | ||
| Q3 24 | $87.4M | $160.1M | ||
| Q2 24 | $83.0M | $158.4M |
| Q1 26 | — | — | ||
| Q4 25 | $306.0K | $33.3M | ||
| Q3 25 | $1.2M | $6.9M | ||
| Q2 25 | $5.3M | $8.0M | ||
| Q1 25 | $2.9M | $8.4M | ||
| Q4 24 | $4.5M | $-1.0M | ||
| Q3 24 | $4.3M | $12.4M | ||
| Q2 24 | $-817.0K | $10.4M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 19.9% | ||
| Q3 25 | 1.1% | 4.1% | ||
| Q2 25 | 5.2% | 5.0% | ||
| Q1 25 | 2.9% | 5.2% | ||
| Q4 24 | 4.5% | -0.6% | ||
| Q3 24 | 4.9% | 7.7% | ||
| Q2 24 | -1.0% | 6.5% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.01 | $0.14 | ||
| Q3 25 | $0.01 | $0.03 | ||
| Q2 25 | $0.06 | $0.03 | ||
| Q1 25 | $0.03 | $0.04 | ||
| Q4 24 | $0.06 | $-0.01 | ||
| Q3 24 | $0.05 | $0.05 | ||
| Q2 24 | $-0.01 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $342.1M | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $3.4B |
| Total Assets | $612.9M | $6.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.3M | ||
| Q4 25 | $342.1M | $23.6M | ||
| Q3 25 | $338.6M | $23.3M | ||
| Q2 25 | $336.8M | $19.5M | ||
| Q1 25 | $325.5M | $29.1M | ||
| Q4 24 | $334.7M | $21.2M | ||
| Q3 24 | $231.3M | $17.6M | ||
| Q2 24 | $256.0M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $542.1M | $3.5B | ||
| Q3 25 | $537.7M | $3.5B | ||
| Q2 25 | $532.2M | $3.4B | ||
| Q1 25 | $517.4M | $3.5B | ||
| Q4 24 | $517.8M | $3.4B | ||
| Q3 24 | $400.2M | $3.4B | ||
| Q2 24 | $388.4M | $3.4B |
| Q1 26 | — | $6.1B | ||
| Q4 25 | $612.9M | $6.0B | ||
| Q3 25 | $613.2M | $6.1B | ||
| Q2 25 | $608.9M | $6.0B | ||
| Q1 25 | $590.9M | $6.0B | ||
| Q4 24 | $592.2M | $6.1B | ||
| Q3 24 | $477.3M | $5.9B | ||
| Q2 24 | $443.6M | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
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 | $9.9M | — |
| Free Cash FlowOCF − Capex | $6.1M | — |
| FCF MarginFCF / Revenue | 5.7% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | 32.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $282.1M | ||
| Q3 25 | $7.0M | $79.3M | ||
| Q2 25 | $14.4M | $82.2M | ||
| Q1 25 | $9.4M | $60.4M | ||
| Q4 24 | $7.1M | $259.8M | ||
| Q3 24 | $9.2M | $69.2M | ||
| Q2 24 | $10.7M | $83.0M |
| 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× | 8.48× | ||
| Q3 25 | 5.92× | 11.51× | ||
| Q2 25 | 2.73× | 10.22× | ||
| Q1 25 | 3.21× | 7.23× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | 5.60× | ||
| Q2 24 | — | 8.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
