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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and PennyMac Mortgage Investment Trust (PMT). 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 $93.6M, roughly 1.1× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -1.4%, a 57.4% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
GDYN vs PMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $93.6M |
| Net Profit | $-1.5M | $52.4M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 38.6% |
| Net Margin | -1.4% | 56.0% |
| Revenue YoY | 3.7% | -13.3% |
| Net Profit YoY | -150.6% | 12.5% |
| EPS (diluted) | $-0.02 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $104.2M | $99.2M | ||
| Q2 25 | $101.1M | $70.2M | ||
| Q1 25 | $100.4M | $44.5M | ||
| Q4 24 | $100.3M | $107.9M | ||
| Q3 24 | $87.4M | $80.9M | ||
| Q2 24 | $83.0M | $71.2M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $52.4M | ||
| Q3 25 | $1.2M | $58.3M | ||
| Q2 25 | $5.3M | $7.5M | ||
| Q1 25 | $2.9M | $9.7M | ||
| Q4 24 | $4.5M | $46.5M | ||
| Q3 24 | $4.3M | $41.4M | ||
| Q2 24 | $-817.0K | $25.4M |
| 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% | 38.6% | ||
| Q3 25 | -0.2% | 47.4% | ||
| Q2 25 | -0.1% | 24.2% | ||
| Q1 25 | -2.0% | -14.2% | ||
| Q4 24 | 1.3% | 51.1% | ||
| Q3 24 | 2.4% | 32.8% | ||
| Q2 24 | 0.0% | 40.2% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 56.0% | ||
| Q3 25 | 1.1% | 58.7% | ||
| Q2 25 | 5.2% | 10.7% | ||
| Q1 25 | 2.9% | 21.8% | ||
| Q4 24 | 4.5% | 43.1% | ||
| Q3 24 | 4.9% | 51.2% | ||
| Q2 24 | -1.0% | 35.7% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.49 | ||
| Q3 25 | $0.01 | $0.55 | ||
| Q2 25 | $0.06 | $-0.04 | ||
| Q1 25 | $0.03 | $-0.01 | ||
| Q4 24 | $0.06 | $0.45 | ||
| Q3 24 | $0.05 | $0.36 | ||
| Q2 24 | $-0.01 | $0.17 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $530.1M | $1.9B |
| Total Assets | $605.0M | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $190.5M | ||
| Q3 25 | $338.6M | $181.0M | ||
| Q2 25 | $336.8M | $108.6M | ||
| Q1 25 | $325.5M | $204.2M | ||
| Q4 24 | $334.7M | $103.2M | ||
| Q3 24 | $231.3M | $102.8M | ||
| Q2 24 | $256.0M | $336.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $1.9B | ||
| Q3 25 | $537.7M | $1.9B | ||
| Q2 25 | $532.2M | $1.9B | ||
| Q1 25 | $517.4M | $1.9B | ||
| Q4 24 | $517.8M | $1.9B | ||
| Q3 24 | $400.2M | $1.9B | ||
| Q2 24 | $388.4M | $1.9B |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $21.3B | ||
| Q3 25 | $613.2M | $18.5B | ||
| Q2 25 | $608.9M | $16.8B | ||
| Q1 25 | $590.9M | $14.9B | ||
| Q4 24 | $592.2M | $14.4B | ||
| Q3 24 | $477.3M | $13.1B | ||
| Q2 24 | $443.6M | $12.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× |
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 | — | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-7.2B | ||
| Q3 25 | $7.0M | $-1.3B | ||
| Q2 25 | $14.4M | $-2.0B | ||
| Q1 25 | $9.4M | $-594.3M | ||
| Q4 24 | $7.1M | $-2.7B | ||
| Q3 24 | $9.2M | $-983.8M | ||
| Q2 24 | $10.7M | $243.8M |
| 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× | -137.76× | ||
| Q3 25 | 5.92× | -22.26× | ||
| Q2 25 | 2.73× | -267.53× | ||
| Q1 25 | 3.21× | -61.39× | ||
| Q4 24 | 1.56× | -58.08× | ||
| Q3 24 | 2.15× | -23.76× | ||
| Q2 24 | — | 9.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
