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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and P10, Inc. (PX). 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 $81.0M, roughly 1.3× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -1.4%, a 13.1% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -4.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
GDYN vs PX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $81.0M |
| Net Profit | $-1.5M | $9.5M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 31.9% |
| Net Margin | -1.4% | 11.7% |
| Revenue YoY | 3.7% | -4.7% |
| Net Profit YoY | -150.6% | 79.0% |
| EPS (diluted) | $-0.02 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $104.2M | $75.9M | ||
| Q2 25 | $101.1M | $72.7M | ||
| Q1 25 | $100.4M | $67.7M | ||
| Q4 24 | $100.3M | $85.0M | ||
| Q3 24 | $87.4M | $74.2M | ||
| Q2 24 | $83.0M | $71.1M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $9.5M | ||
| Q3 25 | $1.2M | $2.1M | ||
| Q2 25 | $5.3M | $3.4M | ||
| Q1 25 | $2.9M | $4.5M | ||
| Q4 24 | $4.5M | $5.3M | ||
| Q3 24 | $4.3M | $1.4M | ||
| Q2 24 | $-817.0K | $7.0M |
| 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% | 31.9% | ||
| Q3 25 | -0.2% | 14.1% | ||
| Q2 25 | -0.1% | 24.4% | ||
| Q1 25 | -2.0% | 16.6% | ||
| Q4 24 | 1.3% | 26.9% | ||
| Q3 24 | 2.4% | 11.9% | ||
| Q2 24 | 0.0% | 23.7% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 11.7% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 5.2% | 4.7% | ||
| Q1 25 | 2.9% | 6.7% | ||
| Q4 24 | 4.5% | 6.2% | ||
| Q3 24 | 4.9% | 1.9% | ||
| Q2 24 | -1.0% | 9.8% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $0.08 | ||
| Q3 25 | $0.01 | $0.02 | ||
| Q2 25 | $0.06 | $0.03 | ||
| Q1 25 | $0.03 | $0.04 | ||
| Q4 24 | $0.06 | $0.05 | ||
| Q3 24 | $0.05 | $0.01 | ||
| Q2 24 | $-0.01 | $0.06 |
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 | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $530.1M | $403.5M |
| Total Assets | $605.0M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $28.2M | ||
| Q3 25 | $338.6M | $40.0M | ||
| Q2 25 | $336.8M | $33.4M | ||
| Q1 25 | $325.5M | $74.4M | ||
| Q4 24 | $334.7M | $67.5M | ||
| Q3 24 | $231.3M | $61.5M | ||
| Q2 24 | $256.0M | $31.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $403.5M | ||
| Q3 25 | $537.7M | $396.8M | ||
| Q2 25 | $532.2M | $388.9M | ||
| Q1 25 | $517.4M | $374.3M | ||
| Q4 24 | $517.8M | $386.9M | ||
| Q3 24 | $400.2M | $394.1M | ||
| Q2 24 | $388.4M | $396.9M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $928.3M | ||
| Q3 25 | $613.2M | $936.0M | ||
| Q2 25 | $608.9M | $932.2M | ||
| Q1 25 | $590.9M | $877.4M | ||
| Q4 24 | $592.2M | $869.3M | ||
| Q3 24 | $477.3M | $857.0M | ||
| Q2 24 | $443.6M | $823.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× |
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 | — | $23.0M |
| Free Cash FlowOCF − Capex | — | $18.1M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $23.0M | ||
| Q3 25 | $7.0M | $-8.6M | ||
| Q2 25 | $14.4M | $13.4M | ||
| Q1 25 | $9.4M | $-4.7M | ||
| Q4 24 | $7.1M | $101.0M | ||
| Q3 24 | $9.2M | $27.5M | ||
| Q2 24 | $10.7M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $18.1M | ||
| Q3 25 | $2.9M | $-9.5M | ||
| Q2 25 | $10.2M | $11.6M | ||
| Q1 25 | $6.0M | $-6.0M | ||
| Q4 24 | $4.4M | $96.6M | ||
| Q3 24 | $5.9M | $25.2M | ||
| Q2 24 | $8.0M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 22.3% | ||
| Q3 25 | 2.8% | -12.6% | ||
| Q2 25 | 10.1% | 15.9% | ||
| Q1 25 | 6.0% | -8.9% | ||
| Q4 24 | 4.4% | 113.6% | ||
| Q3 24 | 6.8% | 34.0% | ||
| Q2 24 | 9.7% | 47.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 6.0% | ||
| Q3 25 | 3.9% | 1.2% | ||
| Q2 25 | 4.1% | 2.5% | ||
| Q1 25 | 3.3% | 1.9% | ||
| Q4 24 | 2.6% | 5.2% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 3.2% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 2.43× | ||
| Q3 25 | 5.92× | -4.01× | ||
| Q2 25 | 2.73× | 3.96× | ||
| Q1 25 | 3.21× | -1.05× | ||
| Q4 24 | 1.56× | 19.12× | ||
| Q3 24 | 2.15× | 19.54× | ||
| Q2 24 | — | 4.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
