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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($106.2M vs $71.1M, roughly 1.5× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs 0.3%, a 1.7% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $6.1M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
GDYN vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $71.1M |
| Net Profit | $306.0K | $1.4M |
| Gross Margin | 34.0% | — |
| Operating Margin | 0.5% | 13.1% |
| Net Margin | 0.3% | 2.0% |
| Revenue YoY | 5.9% | -1.8% |
| Net Profit YoY | -93.2% | -75.2% |
| EPS (diluted) | $0.01 | — |
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.
| Q4 25 | $106.2M | $71.1M | ||
| Q3 25 | $104.2M | $73.2M | ||
| Q2 25 | $101.1M | $72.8M | ||
| Q1 25 | $100.4M | $74.5M | ||
| Q4 24 | $100.3M | $72.5M | ||
| Q3 24 | $87.4M | $78.5M | ||
| Q2 24 | $83.0M | $78.5M | ||
| Q1 24 | $79.8M | $78.3M |
| Q4 25 | $306.0K | $1.4M | ||
| Q3 25 | $1.2M | $4.0M | ||
| Q2 25 | $5.3M | $4.7M | ||
| Q1 25 | $2.9M | $-2.0M | ||
| Q4 24 | $4.5M | $5.8M | ||
| Q3 24 | $4.3M | $966.0K | ||
| Q2 24 | $-817.0K | $3.7M | ||
| Q1 24 | $-3.9M | $-3.4M |
| 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% | — |
| Q4 25 | 0.5% | 13.1% | ||
| Q3 25 | -0.2% | 25.0% | ||
| Q2 25 | -0.1% | 19.3% | ||
| Q1 25 | -2.0% | 7.2% | ||
| Q4 24 | 1.3% | 5.9% | ||
| Q3 24 | 2.4% | 19.4% | ||
| Q2 24 | 0.0% | 20.6% | ||
| Q1 24 | -6.9% | 5.8% |
| Q4 25 | 0.3% | 2.0% | ||
| Q3 25 | 1.1% | 5.4% | ||
| Q2 25 | 5.2% | 6.4% | ||
| Q1 25 | 2.9% | -2.6% | ||
| Q4 24 | 4.5% | 8.0% | ||
| Q3 24 | 4.9% | 1.2% | ||
| Q2 24 | -1.0% | 4.7% | ||
| Q1 24 | -4.9% | -4.3% |
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $342.1M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $542.1M | $452.4M |
| Total Assets | $612.9M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $118.7M | ||
| Q3 25 | $338.6M | $107.5M | ||
| Q2 25 | $336.8M | $94.3M | ||
| Q1 25 | $325.5M | $89.1M | ||
| Q4 24 | $334.7M | $96.6M | ||
| Q3 24 | $231.3M | $83.8M | ||
| Q2 24 | $256.0M | $66.1M | ||
| Q1 24 | $249.4M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $542.1M | $452.4M | ||
| Q3 25 | $537.7M | $448.1M | ||
| Q2 25 | $532.2M | $442.4M | ||
| Q1 25 | $517.4M | $433.5M | ||
| Q4 24 | $517.8M | $429.5M | ||
| Q3 24 | $400.2M | $423.1M | ||
| Q2 24 | $388.4M | $418.4M | ||
| Q1 24 | $382.8M | $412.0M |
| Q4 25 | $612.9M | $582.5M | ||
| Q3 25 | $613.2M | $582.2M | ||
| Q2 25 | $608.9M | $574.8M | ||
| Q1 25 | $590.9M | $571.4M | ||
| Q4 24 | $592.2M | $581.6M | ||
| Q3 24 | $477.3M | $578.6M | ||
| Q2 24 | $443.6M | $571.4M | ||
| Q1 24 | $435.3M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $9.9M | $40.9M |
| Free Cash FlowOCF − Capex | $6.1M | $33.5M |
| FCF MarginFCF / Revenue | 5.7% | 47.1% |
| Capex IntensityCapex / Revenue | 3.6% | 10.4% |
| Cash ConversionOCF / Net Profit | 32.34× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $40.9M | ||
| Q3 25 | $7.0M | $17.7M | ||
| Q2 25 | $14.4M | $4.6M | ||
| Q1 25 | $9.4M | $5.7M | ||
| Q4 24 | $7.1M | $59.7M | ||
| Q3 24 | $9.2M | $17.6M | ||
| Q2 24 | $10.7M | $15.9M | ||
| Q1 24 | $3.2M | $9.4M |
| Q4 25 | $6.1M | $33.5M | ||
| Q3 25 | $2.9M | $16.4M | ||
| Q2 25 | $10.2M | $2.9M | ||
| Q1 25 | $6.0M | $4.0M | ||
| Q4 24 | $4.4M | $53.0M | ||
| Q3 24 | $5.9M | $16.3M | ||
| Q2 24 | $8.0M | $14.0M | ||
| Q1 24 | $43.0K | $6.8M |
| Q4 25 | 5.7% | 47.1% | ||
| Q3 25 | 2.8% | 22.4% | ||
| Q2 25 | 10.1% | 4.0% | ||
| Q1 25 | 6.0% | 5.3% | ||
| Q4 24 | 4.4% | 73.2% | ||
| Q3 24 | 6.8% | 20.8% | ||
| Q2 24 | 9.7% | 17.8% | ||
| Q1 24 | 0.1% | 8.6% |
| Q4 25 | 3.6% | 10.4% | ||
| Q3 25 | 3.9% | 1.8% | ||
| Q2 25 | 4.1% | 2.2% | ||
| Q1 25 | 3.3% | 2.3% | ||
| Q4 24 | 2.6% | 9.1% | ||
| Q3 24 | 3.7% | 1.7% | ||
| Q2 24 | 3.2% | 2.4% | ||
| Q1 24 | 4.0% | 3.3% |
| Q4 25 | 32.34× | 28.39× | ||
| Q3 25 | 5.92× | 4.45× | ||
| Q2 25 | 2.73× | 0.97× | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | 10.28× | ||
| Q3 24 | 2.15× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
