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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $106.2M, roughly 1.6× GRID DYNAMICS HOLDINGS, INC.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 0.3%, a 18.8% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 5.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-23.6M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -8.7%).
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.
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
GDYN vs JRVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $167.7M |
| Net Profit | $306.0K | $32.1M |
| Gross Margin | 34.0% | — |
| Operating Margin | 0.5% | 14.6% |
| Net Margin | 0.3% | 19.1% |
| Revenue YoY | 5.9% | 32.4% |
| Net Profit YoY | -93.2% | 149.5% |
| EPS (diluted) | $0.01 | $0.59 |
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.
| Q4 25 | $106.2M | $167.7M | ||
| Q3 25 | $104.2M | $172.7M | ||
| Q2 25 | $101.1M | $174.8M | ||
| Q1 25 | $100.4M | $172.3M | ||
| Q4 24 | $100.3M | $126.7M | ||
| Q3 24 | $87.4M | $191.5M | ||
| Q2 24 | $83.0M | $188.3M | ||
| Q1 24 | $79.8M | $201.1M |
| Q4 25 | $306.0K | $32.1M | ||
| Q3 25 | $1.2M | $1.0M | ||
| Q2 25 | $5.3M | $4.8M | ||
| Q1 25 | $2.9M | $9.6M | ||
| Q4 24 | $4.5M | $-64.8M | ||
| Q3 24 | $4.3M | $-39.4M | ||
| Q2 24 | $-817.0K | $7.6M | ||
| Q1 24 | $-3.9M | $15.4M |
| 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 24 | 34.7% | — |
| Q4 25 | 0.5% | 14.6% | ||
| Q3 25 | -0.2% | 1.5% | ||
| Q2 25 | -0.1% | 4.2% | ||
| Q1 25 | -2.0% | 9.3% | ||
| Q4 24 | 1.3% | -57.0% | ||
| Q3 24 | 2.4% | -27.1% | ||
| Q2 24 | 0.0% | 10.7% | ||
| Q1 24 | -6.9% | 16.4% |
| Q4 25 | 0.3% | 19.1% | ||
| Q3 25 | 1.1% | 0.6% | ||
| Q2 25 | 5.2% | 2.7% | ||
| Q1 25 | 2.9% | 5.6% | ||
| Q4 24 | 4.5% | -51.1% | ||
| Q3 24 | 4.9% | -20.6% | ||
| Q2 24 | -1.0% | 4.0% | ||
| Q1 24 | -4.9% | 7.7% |
| Q4 25 | $0.01 | $0.59 | ||
| Q3 25 | $0.01 | $-0.02 | ||
| Q2 25 | $0.06 | $0.06 | ||
| Q1 25 | $0.03 | $0.16 | ||
| Q4 24 | $0.06 | $-2.44 | ||
| Q3 24 | $0.05 | $-1.10 | ||
| Q2 24 | $-0.01 | $0.13 | ||
| Q1 24 | $-0.05 | $0.35 |
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 | $260.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $538.2M |
| Total Assets | $612.9M | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $260.9M | ||
| Q3 25 | $338.6M | $238.8M | ||
| Q2 25 | $336.8M | $220.0M | ||
| Q1 25 | $325.5M | $279.4M | ||
| Q4 24 | $334.7M | $362.3M | ||
| Q3 24 | $231.3M | $359.8M | ||
| Q2 24 | $256.0M | $672.5M | ||
| Q1 24 | $249.4M | $305.5M |
| Q4 25 | $542.1M | $538.2M | ||
| Q3 25 | $537.7M | $503.6M | ||
| Q2 25 | $532.2M | $492.6M | ||
| Q1 25 | $517.4M | $484.5M | ||
| Q4 24 | $517.8M | $460.9M | ||
| Q3 24 | $400.2M | $530.3M | ||
| Q2 24 | $388.4M | $541.8M | ||
| Q1 24 | $382.8M | $539.5M |
| Q4 25 | $612.9M | $4.9B | ||
| Q3 25 | $613.2M | $5.0B | ||
| Q2 25 | $608.9M | $5.0B | ||
| Q1 25 | $590.9M | $4.9B | ||
| Q4 24 | $592.2M | $5.0B | ||
| Q3 24 | $477.3M | $5.0B | ||
| Q2 24 | $443.6M | $4.7B | ||
| Q1 24 | $435.3M | $5.3B |
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 | $-18.8M |
| Free Cash FlowOCF − Capex | $6.1M | $-23.6M |
| FCF MarginFCF / Revenue | 5.7% | -14.1% |
| Capex IntensityCapex / Revenue | 3.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 32.34× | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $-17.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $-18.8M | ||
| Q3 25 | $7.0M | $34.3M | ||
| Q2 25 | $14.4M | $25.2M | ||
| Q1 25 | $9.4M | $-51.5M | ||
| Q4 24 | $7.1M | $-247.1M | ||
| Q3 24 | $9.2M | $-269.9M | ||
| Q2 24 | $10.7M | $-8.7M | ||
| Q1 24 | $3.2M | $24.1M |
| Q4 25 | $6.1M | $-23.6M | ||
| Q3 25 | $2.9M | $33.7M | ||
| Q2 25 | $10.2M | $24.7M | ||
| Q1 25 | $6.0M | $-52.7M | ||
| Q4 24 | $4.4M | $-252.0M | ||
| Q3 24 | $5.9M | $-270.8M | ||
| Q2 24 | $8.0M | $-9.3M | ||
| Q1 24 | $43.0K | $23.3M |
| Q4 25 | 5.7% | -14.1% | ||
| Q3 25 | 2.8% | 19.5% | ||
| Q2 25 | 10.1% | 14.1% | ||
| Q1 25 | 6.0% | -30.6% | ||
| Q4 24 | 4.4% | -198.9% | ||
| Q3 24 | 6.8% | -141.4% | ||
| Q2 24 | 9.7% | -4.9% | ||
| Q1 24 | 0.1% | 11.6% |
| Q4 25 | 3.6% | 2.9% | ||
| Q3 25 | 3.9% | 0.4% | ||
| Q2 25 | 4.1% | 0.3% | ||
| Q1 25 | 3.3% | 0.7% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | 3.7% | 0.4% | ||
| Q2 24 | 3.2% | 0.3% | ||
| Q1 24 | 4.0% | 0.4% |
| Q4 25 | 32.34× | -0.59× | ||
| Q3 25 | 5.92× | 33.61× | ||
| Q2 25 | 2.73× | 5.29× | ||
| Q1 25 | 3.21× | -5.38× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | — | -1.14× | ||
| Q1 24 | — | 1.56× |
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% |
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
