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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and InvenTrust Properties Corp. (IVT). 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 $77.4M, roughly 1.3× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -1.4%, a 4.9% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 7.6%).

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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

GDYN vs IVT — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.3× larger
GDYN
$104.1M
$77.4M
IVT
Growing faster (revenue YoY)
IVT
IVT
+5.0% gap
IVT
8.6%
3.7%
GDYN
Higher net margin
IVT
IVT
4.9% more per $
IVT
3.4%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
7.6%
IVT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
IVT
IVT
Revenue
$104.1M
$77.4M
Net Profit
$-1.5M
$2.7M
Gross Margin
34.8%
Operating Margin
61.7%
-11.0%
Net Margin
-1.4%
3.4%
Revenue YoY
3.7%
8.6%
Net Profit YoY
-150.6%
-72.8%
EPS (diluted)
$-0.02
$0.02

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
IVT
IVT
Q1 26
$104.1M
Q4 25
$106.2M
$77.4M
Q3 25
$104.2M
$74.5M
Q2 25
$101.1M
$73.6M
Q1 25
$100.4M
$73.8M
Q4 24
$100.3M
$71.2M
Q3 24
$87.4M
$68.5M
Q2 24
$83.0M
$67.4M
Net Profit
GDYN
GDYN
IVT
IVT
Q1 26
$-1.5M
Q4 25
$306.0K
$2.7M
Q3 25
$1.2M
$6.0M
Q2 25
$5.3M
$95.9M
Q1 25
$2.9M
$6.8M
Q4 24
$4.5M
$9.8M
Q3 24
$4.3M
$-539.0K
Q2 24
$-817.0K
$1.5M
Gross Margin
GDYN
GDYN
IVT
IVT
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%
Operating Margin
GDYN
GDYN
IVT
IVT
Q1 26
61.7%
Q4 25
0.5%
-11.0%
Q3 25
-0.2%
-9.8%
Q2 25
-0.1%
Q1 25
-2.0%
-10.5%
Q4 24
1.3%
-3.6%
Q3 24
2.4%
-18.7%
Q2 24
0.0%
-13.6%
Net Margin
GDYN
GDYN
IVT
IVT
Q1 26
-1.4%
Q4 25
0.3%
3.4%
Q3 25
1.1%
8.1%
Q2 25
5.2%
130.4%
Q1 25
2.9%
9.2%
Q4 24
4.5%
13.8%
Q3 24
4.9%
-0.8%
Q2 24
-1.0%
2.2%
EPS (diluted)
GDYN
GDYN
IVT
IVT
Q1 26
$-0.02
Q4 25
$0.01
$0.02
Q3 25
$0.01
$0.08
Q2 25
$0.06
$1.23
Q1 25
$0.03
$0.09
Q4 24
$0.06
$0.14
Q3 24
$0.05
$-0.01
Q2 24
$-0.01
$0.02

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$327.5M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$530.1M
$1.8B
Total Assets
$605.0M
$2.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
IVT
IVT
Q1 26
$327.5M
Q4 25
$342.1M
Q3 25
$338.6M
Q2 25
$336.8M
Q1 25
$325.5M
Q4 24
$334.7M
Q3 24
$231.3M
Q2 24
$256.0M
Total Debt
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Stockholders' Equity
GDYN
GDYN
IVT
IVT
Q1 26
$530.1M
Q4 25
$542.1M
$1.8B
Q3 25
$537.7M
$1.8B
Q2 25
$532.2M
$1.8B
Q1 25
$517.4M
$1.7B
Q4 24
$517.8M
$1.8B
Q3 24
$400.2M
$1.8B
Q2 24
$388.4M
$1.5B
Total Assets
GDYN
GDYN
IVT
IVT
Q1 26
$605.0M
Q4 25
$612.9M
$2.8B
Q3 25
$613.2M
$2.7B
Q2 25
$608.9M
$2.7B
Q1 25
$590.9M
$2.6B
Q4 24
$592.2M
$2.6B
Q3 24
$477.3M
$2.6B
Q2 24
$443.6M
$2.5B
Debt / Equity
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$155.4M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
$9.9M
$155.4M
Q3 25
$7.0M
$43.8M
Q2 25
$14.4M
$48.7M
Q1 25
$9.4M
$20.2M
Q4 24
$7.1M
$136.9M
Q3 24
$9.2M
$38.4M
Q2 24
$10.7M
$46.7M
Free Cash Flow
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
$6.1M
$110.9M
Q3 25
$2.9M
$31.4M
Q2 25
$10.2M
$38.0M
Q1 25
$6.0M
$12.8M
Q4 24
$4.4M
$100.8M
Q3 24
$5.9M
$29.3M
Q2 24
$8.0M
$37.2M
FCF Margin
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
5.7%
143.3%
Q3 25
2.8%
42.2%
Q2 25
10.1%
51.6%
Q1 25
6.0%
17.4%
Q4 24
4.4%
141.5%
Q3 24
6.8%
42.8%
Q2 24
9.7%
55.2%
Capex Intensity
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
3.6%
57.5%
Q3 25
3.9%
16.7%
Q2 25
4.1%
14.6%
Q1 25
3.3%
10.0%
Q4 24
2.6%
50.7%
Q3 24
3.7%
13.3%
Q2 24
3.2%
14.0%
Cash Conversion
GDYN
GDYN
IVT
IVT
Q1 26
Q4 25
32.34×
58.41×
Q3 25
5.92×
7.27×
Q2 25
2.73×
0.51×
Q1 25
3.21×
2.97×
Q4 24
1.56×
13.97×
Q3 24
2.15×
Q2 24
31.15×

Financial Flow Comparison

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

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