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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Phathom Pharmaceuticals, Inc. (PHAT). 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 $57.6M, roughly 1.8× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 3.7%).
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.
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
GDYN vs PHAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $57.6M |
| Net Profit | $-1.5M | — |
| Gross Margin | 34.8% | 86.7% |
| Operating Margin | 61.7% | — |
| Net Margin | -1.4% | — |
| Revenue YoY | 3.7% | 94.1% |
| Net Profit YoY | -150.6% | 71.6% |
| EPS (diluted) | $-0.02 | — |
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 | $57.6M | ||
| Q3 25 | $104.2M | $49.5M | ||
| Q2 25 | $101.1M | $39.5M | ||
| Q1 25 | $100.4M | $28.5M | ||
| Q4 24 | $100.3M | $29.7M | ||
| Q3 24 | $87.4M | $16.4M | ||
| Q2 24 | $83.0M | $7.3M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | — | ||
| Q3 25 | $1.2M | $-30.0M | ||
| Q2 25 | $5.3M | $-75.8M | ||
| Q1 25 | $2.9M | $-94.3M | ||
| Q4 24 | $4.5M | — | ||
| Q3 24 | $4.3M | $-85.6M | ||
| Q2 24 | $-817.0K | $-91.4M |
| Q1 26 | 34.8% | — | ||
| Q4 25 | 34.0% | 86.7% | ||
| Q3 25 | 33.3% | 87.5% | ||
| Q2 25 | 34.1% | 87.2% | ||
| Q1 25 | 36.8% | 86.9% | ||
| Q4 24 | 36.9% | 87.1% | ||
| Q3 24 | 37.4% | 85.6% | ||
| Q2 24 | 35.6% | 81.2% |
| Q1 26 | 61.7% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | -0.2% | -30.8% | ||
| Q2 25 | -0.1% | -151.7% | ||
| Q1 25 | -2.0% | -276.5% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.4% | -433.0% | ||
| Q2 24 | 0.0% | -1055.4% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.1% | -60.5% | ||
| Q2 25 | 5.2% | -191.9% | ||
| Q1 25 | 2.9% | -330.7% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | 4.9% | -523.3% | ||
| Q2 24 | -1.0% | -1248.6% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.01 | $-0.41 | ||
| Q2 25 | $0.06 | $-1.05 | ||
| Q1 25 | $0.03 | $-1.31 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.05 | $-1.32 | ||
| Q2 24 | $-0.01 | $-1.56 |
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 | $130.0M |
| Total DebtLower is stronger | — | $209.1M |
| Stockholders' EquityBook value | $530.1M | $-438.2M |
| Total Assets | $605.0M | $259.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $130.0M | ||
| Q3 25 | $338.6M | $135.2M | ||
| Q2 25 | $336.8M | $149.6M | ||
| Q1 25 | $325.5M | $212.3M | ||
| Q4 24 | $334.7M | $297.3M | ||
| Q3 24 | $231.3M | $334.7M | ||
| Q2 24 | $256.0M | $276.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $209.1M | ||
| Q3 25 | — | $207.1M | ||
| Q2 25 | — | $205.1M | ||
| Q1 25 | — | $203.2M | ||
| Q4 24 | — | $201.4M | ||
| Q3 24 | — | $175.7M | ||
| Q2 24 | — | $174.4M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $-438.2M | ||
| Q3 25 | $537.7M | $-422.5M | ||
| Q2 25 | $532.2M | $-405.8M | ||
| Q1 25 | $517.4M | $-338.4M | ||
| Q4 24 | $517.8M | $-253.6M | ||
| Q3 24 | $400.2M | $-187.1M | ||
| Q2 24 | $388.4M | $-233.8M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $259.1M | ||
| Q3 25 | $613.2M | $240.3M | ||
| Q2 25 | $608.9M | $250.2M | ||
| Q1 25 | $590.9M | $294.2M | ||
| Q4 24 | $592.2M | $378.3M | ||
| Q3 24 | $477.3M | $387.0M | ||
| Q2 24 | $443.6M | $319.4M |
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 | — | $-166.8M |
| Free Cash FlowOCF − Capex | — | $-167.0M |
| FCF MarginFCF / Revenue | — | -290.0% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-328.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-166.8M | ||
| Q3 25 | $7.0M | $-14.1M | ||
| Q2 25 | $14.4M | $-62.7M | ||
| Q1 25 | $9.4M | $-84.9M | ||
| Q4 24 | $7.1M | $-266.8M | ||
| Q3 24 | $9.2M | $-63.6M | ||
| Q2 24 | $10.7M | $-70.7M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-167.0M | ||
| Q3 25 | $2.9M | $-14.1M | ||
| Q2 25 | $10.2M | $-62.8M | ||
| Q1 25 | $6.0M | $-84.9M | ||
| Q4 24 | $4.4M | $-266.9M | ||
| Q3 24 | $5.9M | $-63.6M | ||
| Q2 24 | $8.0M | $-70.8M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -290.0% | ||
| Q3 25 | 2.8% | -28.6% | ||
| Q2 25 | 10.1% | -159.0% | ||
| Q1 25 | 6.0% | -297.9% | ||
| Q4 24 | 4.4% | -899.8% | ||
| Q3 24 | 6.8% | -389.0% | ||
| Q2 24 | 9.7% | -966.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 0.4% | ||
| Q3 25 | 3.9% | 0.1% | ||
| Q2 25 | 4.1% | 0.2% | ||
| Q1 25 | 3.3% | 0.1% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 3.7% | 0.3% | ||
| Q2 24 | 3.2% | 0.6% |
| 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 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
