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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and SEMrush Holdings, Inc. (SEMR). Click either name above to swap in a different company.

SEMrush Holdings, Inc. is the larger business by last-quarter revenue ($117.7M vs $106.2M, roughly 1.1× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -9.4%, a 9.7% gap on every dollar of revenue. On growth, SEMrush Holdings, Inc. posted the faster year-over-year revenue change (14.6% vs 5.9%). SEMrush Holdings, Inc. produced more free cash flow last quarter ($14.8M vs $6.1M). Over the past eight quarters, SEMrush Holdings, Inc.'s revenue compounded faster (17.1% CAGR vs 15.3%).

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.

Semrush Holdings, Inc. is an American public company that has a SaaS platform known as Semrush. The platform is used for keyword research, competitive analysis, site audits, backlink tracking, domain authority tracking, and online visibility insights. The keyword research tool provides various data points on each keyword. The platform also collects information about online keywords gathered from Google and Bing search engines. It was released by Boston-based company Semrush Inc, founded by Ol...

GDYN vs SEMR — Head-to-Head

Bigger by revenue
SEMR
SEMR
1.1× larger
SEMR
$117.7M
$106.2M
GDYN
Growing faster (revenue YoY)
SEMR
SEMR
+8.8% gap
SEMR
14.6%
5.9%
GDYN
Higher net margin
GDYN
GDYN
9.7% more per $
GDYN
0.3%
-9.4%
SEMR
More free cash flow
SEMR
SEMR
$8.7M more FCF
SEMR
$14.8M
$6.1M
GDYN
Faster 2-yr revenue CAGR
SEMR
SEMR
Annualised
SEMR
17.1%
15.3%
GDYN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDYN
GDYN
SEMR
SEMR
Revenue
$106.2M
$117.7M
Net Profit
$306.0K
$-11.1M
Gross Margin
34.0%
80.4%
Operating Margin
0.5%
-11.8%
Net Margin
0.3%
-9.4%
Revenue YoY
5.9%
14.6%
Net Profit YoY
-93.2%
-431.8%
EPS (diluted)
$0.01
$-0.09

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
SEMR
SEMR
Q4 25
$106.2M
$117.7M
Q3 25
$104.2M
$112.1M
Q2 25
$101.1M
$108.9M
Q1 25
$100.4M
$105.0M
Q4 24
$100.3M
$102.6M
Q3 24
$87.4M
$97.4M
Q2 24
$83.0M
$91.0M
Q1 24
$79.8M
$85.8M
Net Profit
GDYN
GDYN
SEMR
SEMR
Q4 25
$306.0K
$-11.1M
Q3 25
$1.2M
$-2.1M
Q2 25
$5.3M
$-6.6M
Q1 25
$2.9M
$849.0K
Q4 24
$4.5M
$3.3M
Q3 24
$4.3M
$1.1M
Q2 24
$-817.0K
$1.7M
Q1 24
$-3.9M
$2.1M
Gross Margin
GDYN
GDYN
SEMR
SEMR
Q4 25
34.0%
80.4%
Q3 25
33.3%
80.2%
Q2 25
34.1%
80.6%
Q1 25
36.8%
81.1%
Q4 24
36.9%
81.7%
Q3 24
37.4%
82.5%
Q2 24
35.6%
83.6%
Q1 24
34.7%
82.9%
Operating Margin
GDYN
GDYN
SEMR
SEMR
Q4 25
0.5%
-11.8%
Q3 25
-0.2%
-4.0%
Q2 25
-0.1%
-4.0%
Q1 25
-2.0%
-0.1%
Q4 24
1.3%
1.7%
Q3 24
2.4%
1.8%
Q2 24
0.0%
3.7%
Q1 24
-6.9%
1.7%
Net Margin
GDYN
GDYN
SEMR
SEMR
Q4 25
0.3%
-9.4%
Q3 25
1.1%
-1.9%
Q2 25
5.2%
-6.0%
Q1 25
2.9%
0.8%
Q4 24
4.5%
3.3%
Q3 24
4.9%
1.1%
Q2 24
-1.0%
1.8%
Q1 24
-4.9%
2.5%
EPS (diluted)
GDYN
GDYN
SEMR
SEMR
Q4 25
$0.01
$-0.09
Q3 25
$0.01
$-0.01
Q2 25
$0.06
$-0.04
Q1 25
$0.03
$0.01
Q4 24
$0.06
$0.03
Q3 24
$0.05
$0.01
Q2 24
$-0.01
$0.01
Q1 24
$-0.05
$0.01

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
SEMR
SEMR
Cash + ST InvestmentsLiquidity on hand
$342.1M
$264.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$542.1M
$288.6M
Total Assets
$612.9M
$454.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
SEMR
SEMR
Q4 25
$342.1M
$264.3M
Q3 25
$338.6M
$80.8M
Q2 25
$336.8M
$54.3M
Q1 25
$325.5M
$64.7M
Q4 24
$334.7M
$48.9M
Q3 24
$231.3M
$45.1M
Q2 24
$256.0M
$69.6M
Q1 24
$249.4M
$41.4M
Stockholders' Equity
GDYN
GDYN
SEMR
SEMR
Q4 25
$542.1M
$288.6M
Q3 25
$537.7M
$289.7M
Q2 25
$532.2M
$279.0M
Q1 25
$517.4M
$268.7M
Q4 24
$517.8M
$256.6M
Q3 24
$400.2M
$248.5M
Q2 24
$388.4M
$235.6M
Q1 24
$382.8M
$226.0M
Total Assets
GDYN
GDYN
SEMR
SEMR
Q4 25
$612.9M
$454.1M
Q3 25
$613.2M
$450.4M
Q2 25
$608.9M
$424.9M
Q1 25
$590.9M
$416.5M
Q4 24
$592.2M
$390.9M
Q3 24
$477.3M
$383.8M
Q2 24
$443.6M
$372.9M
Q1 24
$435.3M
$341.7M

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
SEMR
SEMR
Operating Cash FlowLast quarter
$9.9M
$14.9M
Free Cash FlowOCF − Capex
$6.1M
$14.8M
FCF MarginFCF / Revenue
5.7%
12.6%
Capex IntensityCapex / Revenue
3.6%
0.1%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
SEMR
SEMR
Q4 25
$9.9M
$14.9M
Q3 25
$7.0M
$21.9M
Q2 25
$14.4M
$684.0K
Q1 25
$9.4M
$22.1M
Q4 24
$7.1M
$11.9M
Q3 24
$9.2M
$8.1M
Q2 24
$10.7M
$12.1M
Q1 24
$3.2M
$14.8M
Free Cash Flow
GDYN
GDYN
SEMR
SEMR
Q4 25
$6.1M
$14.8M
Q3 25
$2.9M
$21.5M
Q2 25
$10.2M
$80.0K
Q1 25
$6.0M
$21.4M
Q4 24
$4.4M
$11.5M
Q3 24
$5.9M
$7.6M
Q2 24
$8.0M
$10.0M
Q1 24
$43.0K
$14.0M
FCF Margin
GDYN
GDYN
SEMR
SEMR
Q4 25
5.7%
12.6%
Q3 25
2.8%
19.2%
Q2 25
10.1%
0.1%
Q1 25
6.0%
20.4%
Q4 24
4.4%
11.2%
Q3 24
6.8%
7.8%
Q2 24
9.7%
11.0%
Q1 24
0.1%
16.3%
Capex Intensity
GDYN
GDYN
SEMR
SEMR
Q4 25
3.6%
0.1%
Q3 25
3.9%
0.4%
Q2 25
4.1%
0.6%
Q1 25
3.3%
0.7%
Q4 24
2.6%
0.4%
Q3 24
3.7%
0.5%
Q2 24
3.2%
2.4%
Q1 24
4.0%
0.9%
Cash Conversion
GDYN
GDYN
SEMR
SEMR
Q4 25
32.34×
Q3 25
5.92×
Q2 25
2.73×
Q1 25
3.21×
26.04×
Q4 24
1.56×
3.57×
Q3 24
2.15×
7.44×
Q2 24
7.32×
Q1 24
6.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Other$30.6M29%
Technology Media And Telecom$30.1M28%
Financial Service$24.3M23%
Manufactured Product Other$10.8M10%
Related Party$7.6M7%
Health Care$2.8M3%

SEMR
SEMR

Segment breakdown not available.

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