vs
Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and LIQUIDITY SERVICES INC (LQDT). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $104.1M, roughly 1.2× GRID DYNAMICS HOLDINGS, INC.). LIQUIDITY SERVICES INC runs the higher net margin — 6.2% vs -1.4%, a 7.6% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -0.9%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% CAGR vs 12.0%).
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.
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
GDYN vs LQDT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $121.2M |
| Net Profit | $-1.5M | $7.5M |
| Gross Margin | 34.8% | 47.0% |
| Operating Margin | 61.7% | 7.7% |
| Net Margin | -1.4% | 6.2% |
| Revenue YoY | 3.7% | -0.9% |
| Net Profit YoY | -150.6% | 28.9% |
| EPS (diluted) | $-0.02 | $0.23 |
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 | $104.1M | — | ||
| Q4 25 | $106.2M | $121.2M | ||
| Q3 25 | $104.2M | $118.1M | ||
| Q2 25 | $101.1M | $119.9M | ||
| Q1 25 | $100.4M | $116.4M | ||
| Q4 24 | $100.3M | $122.3M | ||
| Q3 24 | $87.4M | $106.9M | ||
| Q2 24 | $83.0M | $93.6M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $7.5M | ||
| Q3 25 | $1.2M | $7.8M | ||
| Q2 25 | $5.3M | $7.4M | ||
| Q1 25 | $2.9M | $7.1M | ||
| Q4 24 | $4.5M | $5.8M | ||
| Q3 24 | $4.3M | $6.4M | ||
| Q2 24 | $-817.0K | $6.0M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 47.0% | ||
| Q3 25 | 33.3% | 47.8% | ||
| Q2 25 | 34.1% | 45.7% | ||
| Q1 25 | 36.8% | 40.8% | ||
| Q4 24 | 36.9% | 41.0% | ||
| Q3 24 | 37.4% | 45.6% | ||
| Q2 24 | 35.6% | 52.8% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | 7.7% | ||
| Q3 25 | -0.2% | 9.3% | ||
| Q2 25 | -0.1% | 8.5% | ||
| Q1 25 | -2.0% | 5.8% | ||
| Q4 24 | 1.3% | 5.8% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | 0.0% | 8.4% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 6.2% | ||
| Q3 25 | 1.1% | 6.6% | ||
| Q2 25 | 5.2% | 6.2% | ||
| Q1 25 | 2.9% | 6.1% | ||
| Q4 24 | 4.5% | 4.7% | ||
| Q3 24 | 4.9% | 6.0% | ||
| Q2 24 | -1.0% | 6.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.23 | ||
| Q3 25 | $0.01 | $0.24 | ||
| Q2 25 | $0.06 | $0.23 | ||
| Q1 25 | $0.03 | $0.22 | ||
| Q4 24 | $0.06 | $0.18 | ||
| Q3 24 | $0.05 | $0.20 | ||
| Q2 24 | $-0.01 | $0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $327.5M | $11.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $215.3M |
| Total Assets | $605.0M | $369.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $11.6M | ||
| Q3 25 | $338.6M | $11.2M | ||
| Q2 25 | $336.8M | $11.4M | ||
| Q1 25 | $325.5M | $10.5M | ||
| Q4 24 | $334.7M | $10.4M | ||
| Q3 24 | $231.3M | $2.3M | ||
| Q2 24 | $256.0M | $6.5M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $215.3M | ||
| Q3 25 | $537.7M | $203.2M | ||
| Q2 25 | $532.2M | $208.7M | ||
| Q1 25 | $517.4M | $196.3M | ||
| Q4 24 | $517.8M | $189.2M | ||
| Q3 24 | $400.2M | $182.6M | ||
| Q2 24 | $388.4M | $172.0M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $369.1M | ||
| Q3 25 | $613.2M | $375.1M | ||
| Q2 25 | $608.9M | $372.4M | ||
| Q1 25 | $590.9M | $358.8M | ||
| Q4 24 | $592.2M | $333.2M | ||
| Q3 24 | $477.3M | $346.9M | ||
| Q2 24 | $443.6M | $325.5M |
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 | — | $-526.0K |
| Free Cash FlowOCF − Capex | — | $-2.8M |
| FCF MarginFCF / Revenue | — | -2.3% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | -0.07× |
| TTM Free Cash FlowTrailing 4 quarters | — | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-526.0K | ||
| Q3 25 | $7.0M | $38.0M | ||
| Q2 25 | $14.4M | $19.3M | ||
| Q1 25 | $9.4M | $21.6M | ||
| Q4 24 | $7.1M | $-12.1M | ||
| Q3 24 | $9.2M | $22.0M | ||
| Q2 24 | $10.7M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-2.8M | ||
| Q3 25 | $2.9M | $36.0M | ||
| Q2 25 | $10.2M | $17.2M | ||
| Q1 25 | $6.0M | $19.8M | ||
| Q4 24 | $4.4M | $-14.0M | ||
| Q3 24 | $5.9M | $19.2M | ||
| Q2 24 | $8.0M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -2.3% | ||
| Q3 25 | 2.8% | 30.5% | ||
| Q2 25 | 10.1% | 14.3% | ||
| Q1 25 | 6.0% | 17.0% | ||
| Q4 24 | 4.4% | -11.4% | ||
| Q3 24 | 6.8% | 17.9% | ||
| Q2 24 | 9.7% | 21.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 1.9% | ||
| Q3 25 | 3.9% | 1.7% | ||
| Q2 25 | 4.1% | 1.8% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 2.6% | 1.5% | ||
| Q3 24 | 3.7% | 2.7% | ||
| Q2 24 | 3.2% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | -0.07× | ||
| Q3 25 | 5.92× | 4.86× | ||
| Q2 25 | 2.73× | 2.60× | ||
| Q1 25 | 3.21× | 3.07× | ||
| Q4 24 | 1.56× | -2.09× | ||
| Q3 24 | 2.15× | 3.45× | ||
| Q2 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
