vs
Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $106.2M, roughly 1.3× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -2.3%, a 2.6% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 5.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-7.8M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
GDYN vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $140.7M |
| Net Profit | $306.0K | $-3.2M |
| Gross Margin | 34.0% | 41.9% |
| Operating Margin | 0.5% | -1.6% |
| Net Margin | 0.3% | -2.3% |
| Revenue YoY | 5.9% | 9.1% |
| Net Profit YoY | -93.2% | 62.1% |
| EPS (diluted) | $0.01 | $0.03 |
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.
| Q4 25 | $106.2M | $140.7M | ||
| Q3 25 | $104.2M | $118.8M | ||
| Q2 25 | $101.1M | $105.1M | ||
| Q1 25 | $100.4M | $104.2M | ||
| Q4 24 | $100.3M | $129.0M | ||
| Q3 24 | $87.4M | $118.6M | ||
| Q2 24 | $83.0M | $120.3M | ||
| Q1 24 | $79.8M | $120.0M |
| Q4 25 | $306.0K | $-3.2M | ||
| Q3 25 | $1.2M | $-11.7M | ||
| Q2 25 | $5.3M | $-17.3M | ||
| Q1 25 | $2.9M | $-19.1M | ||
| Q4 24 | $4.5M | $-8.5M | ||
| Q3 24 | $4.3M | $-39.2M | ||
| Q2 24 | $-817.0K | $27.0K | ||
| Q1 24 | $-3.9M | $-50.2M |
| Q4 25 | 34.0% | 41.9% | ||
| Q3 25 | 33.3% | 42.8% | ||
| Q2 25 | 34.1% | 35.9% | ||
| Q1 25 | 36.8% | 39.4% | ||
| Q4 24 | 36.9% | 42.9% | ||
| Q3 24 | 37.4% | 29.7% | ||
| Q2 24 | 35.6% | 40.7% | ||
| Q1 24 | 34.7% | 34.8% |
| Q4 25 | 0.5% | -1.6% | ||
| Q3 25 | -0.2% | -10.2% | ||
| Q2 25 | -0.1% | -13.5% | ||
| Q1 25 | -2.0% | -13.9% | ||
| Q4 24 | 1.3% | -6.0% | ||
| Q3 24 | 2.4% | -39.5% | ||
| Q2 24 | 0.0% | -12.1% | ||
| Q1 24 | -6.9% | -19.3% |
| Q4 25 | 0.3% | -2.3% | ||
| Q3 25 | 1.1% | -9.9% | ||
| Q2 25 | 5.2% | -16.5% | ||
| Q1 25 | 2.9% | -18.4% | ||
| Q4 24 | 4.5% | -6.6% | ||
| Q3 24 | 4.9% | -33.1% | ||
| Q2 24 | -1.0% | 0.0% | ||
| Q1 24 | -4.9% | -41.8% |
| Q4 25 | $0.01 | $0.03 | ||
| Q3 25 | $0.01 | $0.11 | ||
| Q2 25 | $0.06 | $0.16 | ||
| Q1 25 | $0.03 | $0.18 | ||
| Q4 24 | $0.06 | $0.08 | ||
| Q3 24 | $0.05 | $0.36 | ||
| Q2 24 | $-0.01 | $0.00 | ||
| Q1 24 | $-0.05 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $342.1M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $542.1M | $-29.7M |
| Total Assets | $612.9M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $24.3M | ||
| Q3 25 | $338.6M | $32.4M | ||
| Q2 25 | $336.8M | $34.2M | ||
| Q1 25 | $325.5M | $21.6M | ||
| Q4 24 | $334.7M | $29.0M | ||
| Q3 24 | $231.3M | $23.4M | ||
| Q2 24 | $256.0M | $23.4M | ||
| Q1 24 | $249.4M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $542.1M | $-29.7M | ||
| Q3 25 | $537.7M | $-26.9M | ||
| Q2 25 | $532.2M | $-15.6M | ||
| Q1 25 | $517.4M | $1.3M | ||
| Q4 24 | $517.8M | $20.2M | ||
| Q3 24 | $400.2M | $28.0M | ||
| Q2 24 | $388.4M | $66.4M | ||
| Q1 24 | $382.8M | $65.5M |
| Q4 25 | $612.9M | $296.3M | ||
| Q3 25 | $613.2M | $302.1M | ||
| Q2 25 | $608.9M | $303.8M | ||
| Q1 25 | $590.9M | $293.8M | ||
| Q4 24 | $592.2M | $307.8M | ||
| Q3 24 | $477.3M | $309.3M | ||
| Q2 24 | $443.6M | $362.1M | ||
| Q1 24 | $435.3M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 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 | $9.9M | $-5.8M |
| Free Cash FlowOCF − Capex | $6.1M | $-7.8M |
| FCF MarginFCF / Revenue | 5.7% | -5.5% |
| Capex IntensityCapex / Revenue | 3.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 32.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $-5.8M | ||
| Q3 25 | $7.0M | $-968.0K | ||
| Q2 25 | $14.4M | $-4.0M | ||
| Q1 25 | $9.4M | $-23.1M | ||
| Q4 24 | $7.1M | $6.8M | ||
| Q3 24 | $9.2M | $1.1M | ||
| Q2 24 | $10.7M | $-8.9M | ||
| Q1 24 | $3.2M | $-16.8M |
| Q4 25 | $6.1M | $-7.8M | ||
| Q3 25 | $2.9M | $-1.8M | ||
| Q2 25 | $10.2M | $-7.0M | ||
| Q1 25 | $6.0M | $-25.3M | ||
| Q4 24 | $4.4M | $5.7M | ||
| Q3 24 | $5.9M | $101.0K | ||
| Q2 24 | $8.0M | $-11.0M | ||
| Q1 24 | $43.0K | $-19.9M |
| Q4 25 | 5.7% | -5.5% | ||
| Q3 25 | 2.8% | -1.5% | ||
| Q2 25 | 10.1% | -6.6% | ||
| Q1 25 | 6.0% | -24.3% | ||
| Q4 24 | 4.4% | 4.4% | ||
| Q3 24 | 6.8% | 0.1% | ||
| Q2 24 | 9.7% | -9.2% | ||
| Q1 24 | 0.1% | -16.5% |
| Q4 25 | 3.6% | 1.4% | ||
| Q3 25 | 3.9% | 0.7% | ||
| Q2 25 | 4.1% | 2.8% | ||
| Q1 25 | 3.3% | 2.2% | ||
| Q4 24 | 2.6% | 0.8% | ||
| Q3 24 | 3.7% | 0.9% | ||
| Q2 24 | 3.2% | 1.7% | ||
| Q1 24 | 4.0% | 2.5% |
| 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 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
