vs
Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $104.1M, roughly 1.5× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -452.0%, a 450.6% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 3.7%). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
GDYN vs RIOT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $152.8M |
| Net Profit | $-1.5M | $-690.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | -447.9% |
| Net Margin | -1.4% | -452.0% |
| Revenue YoY | 3.7% | 7.2% |
| Net Profit YoY | -150.6% | -606.3% |
| EPS (diluted) | $-0.02 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $104.2M | $180.2M | ||
| Q2 25 | $101.1M | $153.0M | ||
| Q1 25 | $100.4M | $161.4M | ||
| Q4 24 | $100.3M | $142.6M | ||
| Q3 24 | $87.4M | $84.8M | ||
| Q2 24 | $83.0M | $70.0M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $-690.7M | ||
| Q3 25 | $1.2M | $104.5M | ||
| Q2 25 | $5.3M | $219.5M | ||
| Q1 25 | $2.9M | $-296.4M | ||
| Q4 24 | $4.5M | $136.4M | ||
| Q3 24 | $4.3M | $-154.4M | ||
| Q2 24 | $-817.0K | $-84.4M |
| 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% | -447.9% | ||
| Q3 25 | -0.2% | 44.4% | ||
| Q2 25 | -0.1% | — | ||
| Q1 25 | -2.0% | -144.9% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.4% | -143.3% | ||
| Q2 24 | 0.0% | -167.2% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | -452.0% | ||
| Q3 25 | 1.1% | 58.0% | ||
| Q2 25 | 5.2% | 143.4% | ||
| Q1 25 | 2.9% | -183.6% | ||
| Q4 24 | 4.5% | 95.7% | ||
| Q3 24 | 4.9% | -182.1% | ||
| Q2 24 | -1.0% | -120.6% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $-1.89 | ||
| Q3 25 | $0.01 | $0.26 | ||
| Q2 25 | $0.06 | $0.58 | ||
| Q1 25 | $0.03 | $-0.90 | ||
| Q4 24 | $0.06 | $0.39 | ||
| Q3 24 | $0.05 | $-0.54 | ||
| Q2 24 | $-0.01 | $-0.32 |
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 | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $530.1M | $2.9B |
| Total Assets | $605.0M | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $233.5M | ||
| Q3 25 | $338.6M | $330.7M | ||
| Q2 25 | $336.8M | $255.4M | ||
| Q1 25 | $325.5M | $163.7M | ||
| Q4 24 | $334.7M | $277.9M | ||
| Q3 24 | $231.3M | $355.7M | ||
| Q2 24 | $256.0M | $481.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $2.9B | ||
| Q3 25 | $537.7M | $3.5B | ||
| Q2 25 | $532.2M | $3.3B | ||
| Q1 25 | $517.4M | $2.9B | ||
| Q4 24 | $517.8M | $3.1B | ||
| Q3 24 | $400.2M | $2.7B | ||
| Q2 24 | $388.4M | $2.6B |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $3.9B | ||
| Q3 25 | $613.2M | $4.5B | ||
| Q2 25 | $608.9M | $4.3B | ||
| Q1 25 | $590.9M | $3.7B | ||
| Q4 24 | $592.2M | $3.9B | ||
| Q3 24 | $477.3M | $2.9B | ||
| Q2 24 | $443.6M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-572.9M |
| Free Cash FlowOCF − Capex | — | $-774.3M |
| FCF MarginFCF / Revenue | — | -506.6% |
| Capex IntensityCapex / Revenue | — | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $-572.9M | ||
| Q3 25 | $7.0M | $-114.0M | ||
| Q2 25 | $14.4M | $-231.3M | ||
| Q1 25 | $9.4M | $-122.1M | ||
| Q4 24 | $7.1M | $-255.1M | ||
| Q3 24 | $9.2M | $-56.3M | ||
| Q2 24 | $10.7M | $-42.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-774.3M | ||
| Q3 25 | $2.9M | $-139.7M | ||
| Q2 25 | $10.2M | $-291.7M | ||
| Q1 25 | $6.0M | $-154.9M | ||
| Q4 24 | $4.4M | $-495.4M | ||
| Q3 24 | $5.9M | $-127.6M | ||
| Q2 24 | $8.0M | $-96.1M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -506.6% | ||
| Q3 25 | 2.8% | -77.5% | ||
| Q2 25 | 10.1% | -190.7% | ||
| Q1 25 | 6.0% | -96.0% | ||
| Q4 24 | 4.4% | -347.5% | ||
| Q3 24 | 6.8% | -150.5% | ||
| Q2 24 | 9.7% | -137.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 131.8% | ||
| Q3 25 | 3.9% | 14.3% | ||
| Q2 25 | 4.1% | 39.5% | ||
| Q1 25 | 3.3% | 20.4% | ||
| Q4 24 | 2.6% | 168.6% | ||
| Q3 24 | 3.7% | 84.1% | ||
| Q2 24 | 3.2% | 76.5% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | -1.09× | ||
| Q2 25 | 2.73× | -1.05× | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | -1.87× | ||
| Q3 24 | 2.15× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
