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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $106.2M, roughly 1.6× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -82.0%, a 82.2% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -22.7%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-36.6M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -11.5%).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

GDYN vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.6× larger
PTCT
$164.7M
$106.2M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+28.6% gap
GDYN
5.9%
-22.7%
PTCT
Higher net margin
GDYN
GDYN
82.2% more per $
GDYN
0.3%
-82.0%
PTCT
More free cash flow
GDYN
GDYN
$42.7M more FCF
GDYN
$6.1M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
15.3%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDYN
GDYN
PTCT
PTCT
Revenue
$106.2M
$164.7M
Net Profit
$306.0K
$-135.0M
Gross Margin
34.0%
Operating Margin
0.5%
-43.3%
Net Margin
0.3%
-82.0%
Revenue YoY
5.9%
-22.7%
Net Profit YoY
-93.2%
-104.8%
EPS (diluted)
$0.01
$-1.63

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.

Revenue
GDYN
GDYN
PTCT
PTCT
Q4 25
$106.2M
$164.7M
Q3 25
$104.2M
$211.0M
Q2 25
$101.1M
$178.9M
Q1 25
$100.4M
$1.2B
Q4 24
$100.3M
$213.2M
Q3 24
$87.4M
$196.8M
Q2 24
$83.0M
$186.7M
Q1 24
$79.8M
$210.1M
Net Profit
GDYN
GDYN
PTCT
PTCT
Q4 25
$306.0K
$-135.0M
Q3 25
$1.2M
$15.9M
Q2 25
$5.3M
$-64.8M
Q1 25
$2.9M
$866.6M
Q4 24
$4.5M
$-65.9M
Q3 24
$4.3M
$-106.7M
Q2 24
$-817.0K
$-99.2M
Q1 24
$-3.9M
$-91.6M
Gross Margin
GDYN
GDYN
PTCT
PTCT
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 24
34.7%
Operating Margin
GDYN
GDYN
PTCT
PTCT
Q4 25
0.5%
-43.3%
Q3 25
-0.2%
1.4%
Q2 25
-0.1%
-19.5%
Q1 25
-2.0%
82.5%
Q4 24
1.3%
-76.2%
Q3 24
2.4%
-27.7%
Q2 24
0.0%
-21.5%
Q1 24
-6.9%
-21.6%
Net Margin
GDYN
GDYN
PTCT
PTCT
Q4 25
0.3%
-82.0%
Q3 25
1.1%
7.5%
Q2 25
5.2%
-36.3%
Q1 25
2.9%
73.7%
Q4 24
4.5%
-30.9%
Q3 24
4.9%
-54.2%
Q2 24
-1.0%
-53.1%
Q1 24
-4.9%
-43.6%
EPS (diluted)
GDYN
GDYN
PTCT
PTCT
Q4 25
$0.01
$-1.63
Q3 25
$0.01
$0.20
Q2 25
$0.06
$-0.83
Q1 25
$0.03
$10.04
Q4 24
$0.06
$-0.85
Q3 24
$0.05
$-1.39
Q2 24
$-0.01
$-1.29
Q1 24
$-0.05
$-1.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GDYN
GDYN
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$342.1M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$542.1M
$-205.3M
Total Assets
$612.9M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
PTCT
PTCT
Q4 25
$342.1M
$1.9B
Q3 25
$338.6M
$1.7B
Q2 25
$336.8M
$2.0B
Q1 25
$325.5M
$2.0B
Q4 24
$334.7M
$1.1B
Q3 24
$231.3M
$1.0B
Q2 24
$256.0M
$1.1B
Q1 24
$249.4M
$884.8M
Stockholders' Equity
GDYN
GDYN
PTCT
PTCT
Q4 25
$542.1M
$-205.3M
Q3 25
$537.7M
$-155.8M
Q2 25
$532.2M
$-206.5M
Q1 25
$517.4M
$-185.8M
Q4 24
$517.8M
$-1.1B
Q3 24
$400.2M
$-1.1B
Q2 24
$388.4M
$-980.2M
Q1 24
$382.8M
$-893.9M
Total Assets
GDYN
GDYN
PTCT
PTCT
Q4 25
$612.9M
$2.9B
Q3 25
$613.2M
$2.6B
Q2 25
$608.9M
$2.6B
Q1 25
$590.9M
$2.7B
Q4 24
$592.2M
$1.7B
Q3 24
$477.3M
$1.8B
Q2 24
$443.6M
$1.9B
Q1 24
$435.3M
$1.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GDYN
GDYN
PTCT
PTCT
Operating Cash FlowLast quarter
$9.9M
$-34.3M
Free Cash FlowOCF − Capex
$6.1M
$-36.6M
FCF MarginFCF / Revenue
5.7%
-22.3%
Capex IntensityCapex / Revenue
3.6%
1.4%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
PTCT
PTCT
Q4 25
$9.9M
$-34.3M
Q3 25
$7.0M
$-66.3M
Q2 25
$14.4M
$-58.3M
Q1 25
$9.4M
$870.1M
Q4 24
$7.1M
$-30.0M
Q3 24
$9.2M
$-77.0M
Q2 24
$10.7M
$-71.5M
Q1 24
$3.2M
$70.8M
Free Cash Flow
GDYN
GDYN
PTCT
PTCT
Q4 25
$6.1M
$-36.6M
Q3 25
$2.9M
$-69.7M
Q2 25
$10.2M
$-59.6M
Q1 25
$6.0M
$868.4M
Q4 24
$4.4M
$-33.8M
Q3 24
$5.9M
$-77.5M
Q2 24
$8.0M
$-78.8M
Q1 24
$43.0K
$61.2M
FCF Margin
GDYN
GDYN
PTCT
PTCT
Q4 25
5.7%
-22.3%
Q3 25
2.8%
-33.1%
Q2 25
10.1%
-33.3%
Q1 25
6.0%
73.8%
Q4 24
4.4%
-15.8%
Q3 24
6.8%
-39.4%
Q2 24
9.7%
-42.2%
Q1 24
0.1%
29.1%
Capex Intensity
GDYN
GDYN
PTCT
PTCT
Q4 25
3.6%
1.4%
Q3 25
3.9%
1.6%
Q2 25
4.1%
0.7%
Q1 25
3.3%
0.1%
Q4 24
2.6%
1.8%
Q3 24
3.7%
0.3%
Q2 24
3.2%
4.0%
Q1 24
4.0%
4.6%
Cash Conversion
GDYN
GDYN
PTCT
PTCT
Q4 25
32.34×
Q3 25
5.92×
-4.17×
Q2 25
2.73×
Q1 25
3.21×
1.00×
Q4 24
1.56×
Q3 24
2.15×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GDYN
GDYN

Other$30.6M29%
Technology Media And Telecom$30.1M28%
Financial Service$24.3M23%
Manufactured Product Other$10.8M10%
Related Party$7.6M7%
Health Care$2.8M3%

PTCT
PTCT

Segment breakdown not available.

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