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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
Pangaea Logistics Solutions Ltd. is the larger business by last-quarter revenue ($183.9M vs $104.1M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs -1.4%, a 7.9% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 3.7%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% 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.
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
GDYN vs PANL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $183.9M |
| Net Profit | $-1.5M | $11.9M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 9.5% |
| Net Margin | -1.4% | 6.5% |
| Revenue YoY | 3.7% | 24.9% |
| Net Profit YoY | -150.6% | 40.9% |
| EPS (diluted) | $-0.02 | $0.18 |
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 | $183.9M | ||
| Q3 25 | $104.2M | $168.7M | ||
| Q2 25 | $101.1M | $156.7M | ||
| Q1 25 | $100.4M | $122.8M | ||
| Q4 24 | $100.3M | $147.2M | ||
| Q3 24 | $87.4M | $153.1M | ||
| Q2 24 | $83.0M | $131.5M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $11.9M | ||
| Q3 25 | $1.2M | $12.2M | ||
| Q2 25 | $5.3M | $-2.7M | ||
| Q1 25 | $2.9M | $-2.0M | ||
| Q4 24 | $4.5M | $8.4M | ||
| Q3 24 | $4.3M | $5.1M | ||
| Q2 24 | $-817.0K | $3.7M |
| 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% | 9.5% | ||
| Q3 25 | -0.2% | 10.0% | ||
| Q2 25 | -0.1% | 2.3% | ||
| Q1 25 | -2.0% | 2.4% | ||
| Q4 24 | 1.3% | 10.1% | ||
| Q3 24 | 2.4% | 9.8% | ||
| Q2 24 | 0.0% | 5.8% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 6.5% | ||
| Q3 25 | 1.1% | 7.2% | ||
| Q2 25 | 5.2% | -1.8% | ||
| Q1 25 | 2.9% | -1.6% | ||
| Q4 24 | 4.5% | 5.7% | ||
| Q3 24 | 4.9% | 3.3% | ||
| Q2 24 | -1.0% | 2.8% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.18 | ||
| Q3 25 | $0.01 | $0.19 | ||
| Q2 25 | $0.06 | $-0.04 | ||
| Q1 25 | $0.03 | $-0.03 | ||
| Q4 24 | $0.06 | $0.19 | ||
| Q3 24 | $0.05 | $0.11 | ||
| Q2 24 | $-0.01 | $0.08 |
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 | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $530.1M | $429.3M |
| Total Assets | $605.0M | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $103.1M | ||
| Q3 25 | $338.6M | $94.0M | ||
| Q2 25 | $336.8M | $59.3M | ||
| Q1 25 | $325.5M | $63.9M | ||
| Q4 24 | $334.7M | $86.8M | ||
| Q3 24 | $231.3M | $93.1M | ||
| Q2 24 | $256.0M | $77.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $249.6M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $244.7M | ||
| Q1 25 | — | $251.0M | ||
| Q4 24 | — | $257.2M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $90.5M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $429.3M | ||
| Q3 25 | $537.7M | $420.3M | ||
| Q2 25 | $532.2M | $414.4M | ||
| Q1 25 | $517.4M | $420.8M | ||
| Q4 24 | $517.8M | $427.8M | ||
| Q3 24 | $400.2M | $332.6M | ||
| Q2 24 | $388.4M | $331.5M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $928.1M | ||
| Q3 25 | $613.2M | $932.1M | ||
| Q2 25 | $608.9M | $916.0M | ||
| Q1 25 | $590.9M | $918.0M | ||
| Q4 24 | $592.2M | $936.5M | ||
| Q3 24 | $477.3M | $749.2M | ||
| Q2 24 | $443.6M | $692.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.27× |
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 | — | $15.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $15.1M | ||
| Q3 25 | $7.0M | $28.6M | ||
| Q2 25 | $14.4M | $14.4M | ||
| Q1 25 | $9.4M | $-4.4M | ||
| Q4 24 | $7.1M | $19.3M | ||
| Q3 24 | $9.2M | $28.5M | ||
| Q2 24 | $10.7M | $9.0M |
| 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× | 1.27× | ||
| Q3 25 | 5.92× | 2.34× | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | 2.29× | ||
| Q3 24 | 2.15× | 5.57× | ||
| Q2 24 | — | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
