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

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $104.1M, roughly 1.9× GRID DYNAMICS HOLDINGS, INC.). REPLIGEN CORP runs the higher net margin — 6.7% vs -1.4%, a 8.1% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 3.7%). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

GDYN vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.9× larger
RGEN
$197.9M
$104.1M
GDYN
Growing faster (revenue YoY)
RGEN
RGEN
+10.0% gap
RGEN
13.6%
3.7%
GDYN
Higher net margin
RGEN
RGEN
8.1% more per $
RGEN
6.7%
-1.4%
GDYN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
12.0%
GDYN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
RGEN
RGEN
Revenue
$104.1M
$197.9M
Net Profit
$-1.5M
$13.3M
Gross Margin
34.8%
52.5%
Operating Margin
61.7%
9.0%
Net Margin
-1.4%
6.7%
Revenue YoY
3.7%
13.6%
Net Profit YoY
-150.6%
143.9%
EPS (diluted)
$-0.02
$0.24

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
RGEN
RGEN
Q1 26
$104.1M
Q4 25
$106.2M
$197.9M
Q3 25
$104.2M
$188.8M
Q2 25
$101.1M
$182.4M
Q1 25
$100.4M
$169.2M
Q4 24
$100.3M
$174.1M
Q3 24
$87.4M
$154.9M
Q2 24
$83.0M
$154.1M
Net Profit
GDYN
GDYN
RGEN
RGEN
Q1 26
$-1.5M
Q4 25
$306.0K
$13.3M
Q3 25
$1.2M
$14.9M
Q2 25
$5.3M
$14.9M
Q1 25
$2.9M
$5.8M
Q4 24
$4.5M
$-30.3M
Q3 24
$4.3M
$-654.0K
Q2 24
$-817.0K
$3.3M
Gross Margin
GDYN
GDYN
RGEN
RGEN
Q1 26
34.8%
Q4 25
34.0%
52.5%
Q3 25
33.3%
53.2%
Q2 25
34.1%
50.0%
Q1 25
36.8%
53.6%
Q4 24
36.9%
26.1%
Q3 24
37.4%
50.0%
Q2 24
35.6%
49.8%
Operating Margin
GDYN
GDYN
RGEN
RGEN
Q1 26
61.7%
Q4 25
0.5%
9.0%
Q3 25
-0.2%
8.9%
Q2 25
-0.1%
7.6%
Q1 25
-2.0%
3.9%
Q4 24
1.3%
-17.7%
Q3 24
2.4%
-5.1%
Q2 24
0.0%
1.0%
Net Margin
GDYN
GDYN
RGEN
RGEN
Q1 26
-1.4%
Q4 25
0.3%
6.7%
Q3 25
1.1%
7.9%
Q2 25
5.2%
8.2%
Q1 25
2.9%
3.4%
Q4 24
4.5%
-17.4%
Q3 24
4.9%
-0.4%
Q2 24
-1.0%
2.2%
EPS (diluted)
GDYN
GDYN
RGEN
RGEN
Q1 26
$-0.02
Q4 25
$0.01
$0.24
Q3 25
$0.01
$0.26
Q2 25
$0.06
$0.26
Q1 25
$0.03
$0.10
Q4 24
$0.06
$-0.55
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
GDYN
GDYN
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$327.5M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$530.1M
$2.1B
Total Assets
$605.0M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
RGEN
RGEN
Q1 26
$327.5M
Q4 25
$342.1M
$767.6M
Q3 25
$338.6M
$748.7M
Q2 25
$336.8M
$708.9M
Q1 25
$325.5M
$697.2M
Q4 24
$334.7M
$757.4M
Q3 24
$231.3M
$784.0M
Q2 24
$256.0M
$809.1M
Total Debt
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Stockholders' Equity
GDYN
GDYN
RGEN
RGEN
Q1 26
$530.1M
Q4 25
$542.1M
$2.1B
Q3 25
$537.7M
$2.1B
Q2 25
$532.2M
$2.1B
Q1 25
$517.4M
$2.0B
Q4 24
$517.8M
$2.0B
Q3 24
$400.2M
$2.0B
Q2 24
$388.4M
$2.0B
Total Assets
GDYN
GDYN
RGEN
RGEN
Q1 26
$605.0M
Q4 25
$612.9M
$2.9B
Q3 25
$613.2M
$2.9B
Q2 25
$608.9M
$2.9B
Q1 25
$590.9M
$2.9B
Q4 24
$592.2M
$2.8B
Q3 24
$477.3M
$2.8B
Q2 24
$443.6M
$2.9B
Debt / Equity
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
$9.9M
$25.7M
Q3 25
$7.0M
$48.1M
Q2 25
$14.4M
$28.6M
Q1 25
$9.4M
$15.0M
Q4 24
$7.1M
$39.2M
Q3 24
$9.2M
$49.3M
Q2 24
$10.7M
$42.2M
Free Cash Flow
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
$6.1M
$17.6M
Q3 25
$2.9M
$43.4M
Q2 25
$10.2M
$21.5M
Q1 25
$6.0M
$11.4M
Q4 24
$4.4M
$33.6M
Q3 24
$5.9M
$42.3M
Q2 24
$8.0M
$37.4M
FCF Margin
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
5.7%
8.9%
Q3 25
2.8%
23.0%
Q2 25
10.1%
11.8%
Q1 25
6.0%
6.8%
Q4 24
4.4%
19.3%
Q3 24
6.8%
27.3%
Q2 24
9.7%
24.3%
Capex Intensity
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
3.6%
4.1%
Q3 25
3.9%
2.5%
Q2 25
4.1%
3.9%
Q1 25
3.3%
2.1%
Q4 24
2.6%
3.2%
Q3 24
3.7%
4.5%
Q2 24
3.2%
3.1%
Cash Conversion
GDYN
GDYN
RGEN
RGEN
Q1 26
Q4 25
32.34×
1.93×
Q3 25
5.92×
3.23×
Q2 25
2.73×
1.92×
Q1 25
3.21×
2.57×
Q4 24
1.56×
Q3 24
2.15×
Q2 24
12.70×

Financial Flow Comparison

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

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