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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Ranpak Holdings Corp. (PACK). 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 $93.7M, roughly 1.1× Ranpak Holdings Corp.). On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
GDYN vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $93.7M |
| Net Profit | $-1.5M | — |
| Gross Margin | 34.8% | 39.0% |
| Operating Margin | 61.7% | -1.0% |
| Net Margin | -1.4% | — |
| Revenue YoY | 3.7% | 2.3% |
| Net Profit YoY | -150.6% | — |
| EPS (diluted) | $-0.02 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $104.2M | $83.6M | ||
| Q2 25 | $101.1M | $77.8M | ||
| Q1 25 | $100.4M | $77.6M | ||
| Q4 24 | $100.3M | $91.6M | ||
| Q3 24 | $87.4M | $78.6M | ||
| Q2 24 | $83.0M | $72.8M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | — | ||
| Q3 25 | $1.2M | $-10.4M | ||
| Q2 25 | $5.3M | $-7.5M | ||
| Q1 25 | $2.9M | $-10.9M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $4.3M | $-8.1M | ||
| Q2 24 | $-817.0K | $5.5M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 39.0% | ||
| Q3 25 | 33.3% | 41.1% | ||
| Q2 25 | 34.1% | 37.1% | ||
| Q1 25 | 36.8% | 39.8% | ||
| Q4 24 | 36.9% | 45.2% | ||
| Q3 24 | 37.4% | 43.8% | ||
| Q2 24 | 35.6% | 43.5% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | -1.0% | ||
| Q3 25 | -0.2% | -6.8% | ||
| Q2 25 | -0.1% | -12.5% | ||
| Q1 25 | -2.0% | -10.3% | ||
| Q4 24 | 1.3% | 1.5% | ||
| Q3 24 | 2.4% | -5.3% | ||
| Q2 24 | 0.0% | -7.1% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.1% | -12.4% | ||
| Q2 25 | 5.2% | -9.6% | ||
| Q1 25 | 2.9% | -14.0% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.9% | -10.3% | ||
| Q2 24 | -1.0% | 7.6% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $-0.11 | ||
| Q3 25 | $0.01 | $-0.12 | ||
| Q2 25 | $0.06 | $-0.09 | ||
| Q1 25 | $0.03 | $-0.13 | ||
| Q4 24 | $0.06 | $-0.13 | ||
| Q3 24 | $0.05 | $-0.10 | ||
| Q2 24 | $-0.01 | $0.07 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $530.1M | $534.9M |
| Total Assets | $605.0M | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $63.0M | ||
| Q3 25 | $338.6M | $49.9M | ||
| Q2 25 | $336.8M | $49.2M | ||
| Q1 25 | $325.5M | $65.5M | ||
| Q4 24 | $334.7M | $76.1M | ||
| Q3 24 | $231.3M | $69.5M | ||
| Q2 24 | $256.0M | $65.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $534.9M | ||
| Q3 25 | $537.7M | $537.8M | ||
| Q2 25 | $532.2M | $539.0M | ||
| Q1 25 | $517.4M | $544.1M | ||
| Q4 24 | $517.8M | $548.1M | ||
| Q3 24 | $400.2M | $564.3M | ||
| Q2 24 | $388.4M | $566.2M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $1.1B | ||
| Q3 25 | $613.2M | $1.1B | ||
| Q2 25 | $608.9M | $1.1B | ||
| Q1 25 | $590.9M | $1.1B | ||
| Q4 24 | $592.2M | $1.1B | ||
| Q3 24 | $477.3M | $1.1B | ||
| Q2 24 | $443.6M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× |
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 | — | $19.5M |
| 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 | $19.5M | ||
| Q3 25 | $7.0M | $8.5M | ||
| Q2 25 | $14.4M | $-3.6M | ||
| Q1 25 | $9.4M | $-1.3M | ||
| Q4 24 | $7.1M | $6.5M | ||
| Q3 24 | $9.2M | $10.1M | ||
| Q2 24 | $10.7M | $19.6M |
| 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× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | — | 3.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
