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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and REX AMERICAN RESOURCES Corp (REX). Click either name above to swap in a different company.

REX AMERICAN RESOURCES Corp is the larger business by last-quarter revenue ($175.6M vs $104.1M, roughly 1.7× GRID DYNAMICS HOLDINGS, INC.). REX AMERICAN RESOURCES Corp runs the higher net margin — 15.6% vs -1.4%, a 17.1% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs 0.4%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs -3.2%).

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.

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

GDYN vs REX — Head-to-Head

Bigger by revenue
REX
REX
1.7× larger
REX
$175.6M
$104.1M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+3.2% gap
GDYN
3.7%
0.4%
REX
Higher net margin
REX
REX
17.1% more per $
REX
15.6%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
-3.2%
REX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GDYN
GDYN
REX
REX
Revenue
$104.1M
$175.6M
Net Profit
$-1.5M
$27.5M
Gross Margin
34.8%
20.6%
Operating Margin
61.7%
20.2%
Net Margin
-1.4%
15.6%
Revenue YoY
3.7%
0.4%
Net Profit YoY
-150.6%
-8.7%
EPS (diluted)
$-0.02
$0.71

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
REX
REX
Q1 26
$104.1M
Q4 25
$106.2M
$175.6M
Q3 25
$104.2M
$158.6M
Q2 25
$101.1M
$158.3M
Q1 25
$100.4M
$158.2M
Q4 24
$100.3M
$174.9M
Q3 24
$87.4M
$148.2M
Q2 24
$83.0M
$161.2M
Net Profit
GDYN
GDYN
REX
REX
Q1 26
$-1.5M
Q4 25
$306.0K
$27.5M
Q3 25
$1.2M
$9.3M
Q2 25
$5.3M
$10.7M
Q1 25
$2.9M
$14.1M
Q4 24
$4.5M
$30.1M
Q3 24
$4.3M
$15.0M
Q2 24
$-817.0K
$12.3M
Gross Margin
GDYN
GDYN
REX
REX
Q1 26
34.8%
Q4 25
34.0%
20.6%
Q3 25
33.3%
9.0%
Q2 25
34.1%
9.1%
Q1 25
36.8%
11.1%
Q4 24
36.9%
22.7%
Q3 24
37.4%
13.3%
Q2 24
35.6%
9.0%
Operating Margin
GDYN
GDYN
REX
REX
Q1 26
61.7%
Q4 25
0.5%
20.2%
Q3 25
-0.2%
Q2 25
-0.1%
Q1 25
-2.0%
11.3%
Q4 24
1.3%
22.6%
Q3 24
2.4%
13.2%
Q2 24
0.0%
9.9%
Net Margin
GDYN
GDYN
REX
REX
Q1 26
-1.4%
Q4 25
0.3%
15.6%
Q3 25
1.1%
5.9%
Q2 25
5.2%
6.7%
Q1 25
2.9%
8.9%
Q4 24
4.5%
17.2%
Q3 24
4.9%
10.1%
Q2 24
-1.0%
7.6%
EPS (diluted)
GDYN
GDYN
REX
REX
Q1 26
$-0.02
Q4 25
$0.01
$0.71
Q3 25
$0.01
$0.43
Q2 25
$0.06
$0.51
Q1 25
$0.03
$-0.32
Q4 24
$0.06
$0.69
Q3 24
$0.05
$0.70
Q2 24
$-0.01
$0.58

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
REX
REX
Cash + ST InvestmentsLiquidity on hand
$327.5M
$335.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$566.9M
Total Assets
$605.0M
$750.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
REX
REX
Q1 26
$327.5M
Q4 25
$342.1M
$335.5M
Q3 25
$338.6M
$310.5M
Q2 25
$336.8M
$315.9M
Q1 25
$325.5M
$359.1M
Q4 24
$334.7M
$365.1M
Q3 24
$231.3M
$346.0M
Q2 24
$256.0M
$351.8M
Stockholders' Equity
GDYN
GDYN
REX
REX
Q1 26
$530.1M
Q4 25
$542.1M
$566.9M
Q3 25
$537.7M
$545.8M
Q2 25
$532.2M
$536.4M
Q1 25
$517.4M
$560.3M
Q4 24
$517.8M
$564.5M
Q3 24
$400.2M
$539.6M
Q2 24
$388.4M
$524.5M
Total Assets
GDYN
GDYN
REX
REX
Q1 26
$605.0M
Q4 25
$612.9M
$750.1M
Q3 25
$613.2M
$700.6M
Q2 25
$608.9M
$693.8M
Q1 25
$590.9M
$720.0M
Q4 24
$592.2M
$715.7M
Q3 24
$477.3M
$680.0M
Q2 24
$443.6M
$671.0M

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
REX
REX
Operating Cash FlowLast quarter
$51.2M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
15.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
REX
REX
Q1 26
Q4 25
$9.9M
$51.2M
Q3 25
$7.0M
$16.3M
Q2 25
$14.4M
$-3.5M
Q1 25
$9.4M
$25.1M
Q4 24
$7.1M
$33.4M
Q3 24
$9.2M
$8.0M
Q2 24
$10.7M
$-2.3M
Free Cash Flow
GDYN
GDYN
REX
REX
Q1 26
Q4 25
$6.1M
$24.5M
Q3 25
$2.9M
$-5.7M
Q2 25
$10.2M
$-10.4M
Q1 25
$6.0M
$9.2M
Q4 24
$4.4M
$18.2M
Q3 24
$5.9M
$-7.4M
Q2 24
$8.0M
$-27.1M
FCF Margin
GDYN
GDYN
REX
REX
Q1 26
Q4 25
5.7%
14.0%
Q3 25
2.8%
-3.6%
Q2 25
10.1%
-6.6%
Q1 25
6.0%
5.8%
Q4 24
4.4%
10.4%
Q3 24
6.8%
-5.0%
Q2 24
9.7%
-16.8%
Capex Intensity
GDYN
GDYN
REX
REX
Q1 26
Q4 25
3.6%
15.2%
Q3 25
3.9%
13.9%
Q2 25
4.1%
4.4%
Q1 25
3.3%
10.0%
Q4 24
2.6%
8.7%
Q3 24
3.7%
10.4%
Q2 24
3.2%
15.4%
Cash Conversion
GDYN
GDYN
REX
REX
Q1 26
Q4 25
32.34×
1.87×
Q3 25
5.92×
1.75×
Q2 25
2.73×
-0.33×
Q1 25
3.21×
1.78×
Q4 24
1.56×
1.11×
Q3 24
2.15×
0.53×
Q2 24
-0.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Segment breakdown not available.

REX
REX

Ethanol$136.0M77%
Dried Distillers Grains$22.4M13%
Distillers Corn Oil$16.4M9%
Modified Distillers Grains$1.2M1%

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