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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and MFA FINANCIAL, INC. (MFA). 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 $55.5M, roughly 1.9× MFA FINANCIAL, INC.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 7.7%).
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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
GDYN vs MFA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $55.5M |
| Net Profit | $-1.5M | — |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 97.9% |
| Net Margin | -1.4% | — |
| Revenue YoY | 3.7% | 9.2% |
| Net Profit YoY | -150.6% | — |
| EPS (diluted) | $-0.02 | $0.43 |
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 | $55.5M | ||
| Q3 25 | $104.2M | $56.8M | ||
| Q2 25 | $101.1M | $61.3M | ||
| Q1 25 | $100.4M | $57.5M | ||
| Q4 24 | $100.3M | $50.8M | ||
| Q3 24 | $87.4M | $50.6M | ||
| Q2 24 | $83.0M | $53.5M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | — | ||
| Q3 25 | $1.2M | $48.1M | ||
| Q2 25 | $5.3M | $33.2M | ||
| Q1 25 | $2.9M | $41.2M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $4.3M | $48.2M | ||
| Q2 24 | $-817.0K | $41.9M |
| 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% | — |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | 97.9% | ||
| Q3 25 | -0.2% | 84.5% | ||
| Q2 25 | -0.1% | 54.5% | ||
| Q1 25 | -2.0% | 70.0% | ||
| Q4 24 | 1.3% | 6.8% | ||
| Q3 24 | 2.4% | 98.2% | ||
| Q2 24 | 0.0% | 79.1% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.1% | 84.7% | ||
| Q2 25 | 5.2% | 54.2% | ||
| Q1 25 | 2.9% | 71.6% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.9% | 95.2% | ||
| Q2 24 | -1.0% | 78.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.43 | ||
| Q3 25 | $0.01 | $0.35 | ||
| Q2 25 | $0.06 | $0.21 | ||
| Q1 25 | $0.03 | $0.31 | ||
| Q4 24 | $0.06 | $-0.01 | ||
| Q3 24 | $0.05 | $0.37 | ||
| Q2 24 | $-0.01 | $0.32 |
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 | $213.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $1.8B |
| Total Assets | $605.0M | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $213.2M | ||
| Q3 25 | $338.6M | $305.2M | ||
| Q2 25 | $336.8M | $275.7M | ||
| Q1 25 | $325.5M | $253.7M | ||
| Q4 24 | $334.7M | $338.9M | ||
| Q3 24 | $231.3M | $305.6M | ||
| Q2 24 | $256.0M | $289.4M |
| 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 | $1.8B | ||
| Q4 24 | $517.8M | $1.8B | ||
| Q3 24 | $400.2M | $1.9B | ||
| Q2 24 | $388.4M | $1.9B |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $13.0B | ||
| Q3 25 | $613.2M | $12.1B | ||
| Q2 25 | $608.9M | $11.7B | ||
| Q1 25 | $590.9M | $11.5B | ||
| Q4 24 | $592.2M | $11.4B | ||
| Q3 24 | $477.3M | $11.2B | ||
| Q2 24 | $443.6M | $11.1B |
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 | — | $76.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $76.2M | ||
| Q3 25 | $7.0M | $14.7M | ||
| Q2 25 | $14.4M | $38.5M | ||
| Q1 25 | $9.4M | $-14.6M | ||
| Q4 24 | $7.1M | $200.1M | ||
| Q3 24 | $9.2M | $-11.3M | ||
| Q2 24 | $10.7M | $46.5M |
| 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× | — | ||
| Q3 25 | 5.92× | 0.31× | ||
| Q2 25 | 2.73× | 1.16× | ||
| Q1 25 | 3.21× | -0.35× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | -0.23× | ||
| Q2 24 | — | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
