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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $104.1M, roughly 1.2× GRID DYNAMICS HOLDINGS, INC.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs -1.4%, a 49.5% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -11.0%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -6.0%).

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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

GDYN vs KW — Head-to-Head

Bigger by revenue
KW
KW
1.2× larger
KW
$120.6M
$104.1M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+14.7% gap
GDYN
3.7%
-11.0%
KW
Higher net margin
KW
KW
49.5% more per $
KW
48.1%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
-6.0%
KW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
KW
KW
Revenue
$104.1M
$120.6M
Net Profit
$-1.5M
$58.0M
Gross Margin
34.8%
Operating Margin
61.7%
57.3%
Net Margin
-1.4%
48.1%
Revenue YoY
3.7%
-11.0%
Net Profit YoY
-150.6%
32.7%
EPS (diluted)
$-0.02
$0.22

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
KW
KW
Q1 26
$104.1M
Q4 25
$106.2M
$120.6M
Q3 25
$104.2M
$116.4M
Q2 25
$101.1M
$135.7M
Q1 25
$100.4M
$128.3M
Q4 24
$100.3M
$135.5M
Q3 24
$87.4M
$127.5M
Q2 24
$83.0M
$132.0M
Net Profit
GDYN
GDYN
KW
KW
Q1 26
$-1.5M
Q4 25
$306.0K
$58.0M
Q3 25
$1.2M
$-10.2M
Q2 25
$5.3M
$5.6M
Q1 25
$2.9M
$-29.6M
Q4 24
$4.5M
$43.7M
Q3 24
$4.3M
$-66.8M
Q2 24
$-817.0K
$-48.3M
Gross Margin
GDYN
GDYN
KW
KW
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
KW
KW
Q1 26
61.7%
Q4 25
0.5%
57.3%
Q3 25
-0.2%
-6.2%
Q2 25
-0.1%
7.4%
Q1 25
-2.0%
-26.9%
Q4 24
1.3%
36.7%
Q3 24
2.4%
-60.8%
Q2 24
0.0%
-45.5%
Net Margin
GDYN
GDYN
KW
KW
Q1 26
-1.4%
Q4 25
0.3%
48.1%
Q3 25
1.1%
-8.8%
Q2 25
5.2%
4.1%
Q1 25
2.9%
-23.1%
Q4 24
4.5%
32.3%
Q3 24
4.9%
-52.4%
Q2 24
-1.0%
-36.6%
EPS (diluted)
GDYN
GDYN
KW
KW
Q1 26
$-0.02
Q4 25
$0.01
$0.22
Q3 25
$0.01
$-0.15
Q2 25
$0.06
$-0.05
Q1 25
$0.03
$-0.30
Q4 24
$0.06
$0.24
Q3 24
$0.05
$-0.56
Q2 24
$-0.01
$-0.43

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
KW
KW
Cash + ST InvestmentsLiquidity on hand
$327.5M
$184.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$1.5B
Total Assets
$605.0M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
KW
KW
Q1 26
$327.5M
Q4 25
$342.1M
$184.5M
Q3 25
$338.6M
$382.6M
Q2 25
$336.8M
$309.1M
Q1 25
$325.5M
$356.6M
Q4 24
$334.7M
$217.5M
Q3 24
$231.3M
$367.1M
Q2 24
$256.0M
$366.5M
Stockholders' Equity
GDYN
GDYN
KW
KW
Q1 26
$530.1M
Q4 25
$542.1M
$1.5B
Q3 25
$537.7M
$1.5B
Q2 25
$532.2M
$1.6B
Q1 25
$517.4M
$1.6B
Q4 24
$517.8M
$1.6B
Q3 24
$400.2M
$1.6B
Q2 24
$388.4M
$1.7B
Total Assets
GDYN
GDYN
KW
KW
Q1 26
$605.0M
Q4 25
$612.9M
$6.6B
Q3 25
$613.2M
$6.7B
Q2 25
$608.9M
$6.8B
Q1 25
$590.9M
$7.2B
Q4 24
$592.2M
$7.0B
Q3 24
$477.3M
$7.4B
Q2 24
$443.6M
$7.5B

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
KW
KW
Operating Cash FlowLast quarter
$11.4M
Free Cash FlowOCF − Capex
$-55.2M
FCF MarginFCF / Revenue
-45.8%
Capex IntensityCapex / Revenue
55.2%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
KW
KW
Q1 26
Q4 25
$9.9M
$11.4M
Q3 25
$7.0M
$-7.6M
Q2 25
$14.4M
$42.0M
Q1 25
$9.4M
$-51.9M
Q4 24
$7.1M
$55.1M
Q3 24
$9.2M
$-5.6M
Q2 24
$10.7M
$36.7M
Free Cash Flow
GDYN
GDYN
KW
KW
Q1 26
Q4 25
$6.1M
$-55.2M
Q3 25
$2.9M
$-18.0M
Q2 25
$10.2M
$29.4M
Q1 25
$6.0M
$-59.7M
Q4 24
$4.4M
$-76.5M
Q3 24
$5.9M
$-27.7M
Q2 24
$8.0M
$-500.0K
FCF Margin
GDYN
GDYN
KW
KW
Q1 26
Q4 25
5.7%
-45.8%
Q3 25
2.8%
-15.5%
Q2 25
10.1%
21.7%
Q1 25
6.0%
-46.5%
Q4 24
4.4%
-56.5%
Q3 24
6.8%
-21.7%
Q2 24
9.7%
-0.4%
Capex Intensity
GDYN
GDYN
KW
KW
Q1 26
Q4 25
3.6%
55.2%
Q3 25
3.9%
8.9%
Q2 25
4.1%
9.3%
Q1 25
3.3%
6.1%
Q4 24
2.6%
97.1%
Q3 24
3.7%
17.3%
Q2 24
3.2%
28.2%
Cash Conversion
GDYN
GDYN
KW
KW
Q1 26
Q4 25
32.34×
0.20×
Q3 25
5.92×
Q2 25
2.73×
7.50×
Q1 25
3.21×
Q4 24
1.56×
1.26×
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.

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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