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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and OPAL Fuels Inc. (OPAL). 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 $88.4M, roughly 1.2× OPAL Fuels Inc.). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -1.4%, a 19.7% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 3.7%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
GDYN vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $88.4M |
| Net Profit | $-1.5M | $16.2M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 7.5% |
| Net Margin | -1.4% | 18.3% |
| Revenue YoY | 3.7% | 18.7% |
| Net Profit YoY | -150.6% | 401.5% |
| EPS (diluted) | $-0.02 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $104.2M | $77.9M | ||
| Q2 25 | $101.1M | $77.4M | ||
| Q1 25 | $100.4M | $83.0M | ||
| Q4 24 | $100.3M | $74.5M | ||
| Q3 24 | $87.4M | $82.6M | ||
| Q2 24 | $83.0M | $69.8M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $16.2M | ||
| Q3 25 | $1.2M | $11.4M | ||
| Q2 25 | $5.3M | $7.6M | ||
| Q1 25 | $2.9M | $1.3M | ||
| Q4 24 | $4.5M | $-5.4M | ||
| Q3 24 | $4.3M | $17.1M | ||
| Q2 24 | $-817.0K | $1.9M |
| 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% | 7.5% | ||
| Q3 25 | -0.2% | 4.6% | ||
| Q2 25 | -0.1% | -1.1% | ||
| Q1 25 | -2.0% | -2.3% | ||
| Q4 24 | 1.3% | -0.5% | ||
| Q3 24 | 2.4% | 14.9% | ||
| Q2 24 | 0.0% | 8.1% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 18.3% | ||
| Q3 25 | 1.1% | 14.6% | ||
| Q2 25 | 5.2% | 9.8% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 4.5% | -7.2% | ||
| Q3 24 | 4.9% | 20.7% | ||
| Q2 24 | -1.0% | 2.7% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.08 | ||
| Q3 25 | $0.01 | $0.05 | ||
| Q2 25 | $0.06 | $0.03 | ||
| Q1 25 | $0.03 | $-0.01 | ||
| Q4 24 | $0.06 | $-0.05 | ||
| Q3 24 | $0.05 | $0.09 | ||
| Q2 24 | $-0.01 | $-0.01 |
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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $530.1M | $-12.9M |
| Total Assets | $605.0M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $24.4M | ||
| Q3 25 | $338.6M | $29.9M | ||
| Q2 25 | $336.8M | $29.3M | ||
| Q1 25 | $325.5M | $40.1M | ||
| Q4 24 | $334.7M | $24.3M | ||
| Q3 24 | $231.3M | $31.0M | ||
| Q2 24 | $256.0M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $-12.9M | ||
| Q3 25 | $537.7M | $7.5M | ||
| Q2 25 | $532.2M | $-25.0M | ||
| Q1 25 | $517.4M | $57.1M | ||
| Q4 24 | $517.8M | $-148.4M | ||
| Q3 24 | $400.2M | $-180.1M | ||
| Q2 24 | $388.4M | $-273.0M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $959.5M | ||
| Q3 25 | $613.2M | $916.7M | ||
| Q2 25 | $608.9M | $905.5M | ||
| Q1 25 | $590.9M | $884.9M | ||
| Q4 24 | $592.2M | $881.1M | ||
| Q3 24 | $477.3M | $831.1M | ||
| Q2 24 | $443.6M | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-3.5M | ||
| Q3 25 | $7.0M | $18.2M | ||
| Q2 25 | $14.4M | $-7.9M | ||
| Q1 25 | $9.4M | $29.7M | ||
| Q4 24 | $7.1M | $-532.0K | ||
| Q3 24 | $9.2M | $17.7M | ||
| Q2 24 | $10.7M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-13.4M | ||
| Q3 25 | $2.9M | $-9.3M | ||
| Q2 25 | $10.2M | $-29.7M | ||
| Q1 25 | $6.0M | $18.1M | ||
| Q4 24 | $4.4M | $-55.0M | ||
| Q3 24 | $5.9M | $-5.4M | ||
| Q2 24 | $8.0M | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -15.1% | ||
| Q3 25 | 2.8% | -11.9% | ||
| Q2 25 | 10.1% | -38.4% | ||
| Q1 25 | 6.0% | 21.8% | ||
| Q4 24 | 4.4% | -73.8% | ||
| Q3 24 | 6.8% | -6.5% | ||
| Q2 24 | 9.7% | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 11.1% | ||
| Q3 25 | 3.9% | 35.3% | ||
| Q2 25 | 4.1% | 28.2% | ||
| Q1 25 | 3.3% | 13.9% | ||
| Q4 24 | 2.6% | 73.1% | ||
| Q3 24 | 3.7% | 27.9% | ||
| Q2 24 | 3.2% | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | -0.22× | ||
| Q3 25 | 5.92× | 1.60× | ||
| Q2 25 | 2.73× | -1.04× | ||
| Q1 25 | 3.21× | 23.11× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | 1.03× | ||
| Q2 24 | — | 0.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
