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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $78.2M, roughly 1.3× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 54.6% vs -1.4%, a 56.0% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 3.7%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% 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.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
GDYN vs SEZL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $78.2M |
| Net Profit | $-1.5M | $42.7M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | 70.6% |
| Net Margin | -1.4% | 54.6% |
| Revenue YoY | 3.7% | 61.6% |
| Net Profit YoY | -150.6% | 68.3% |
| EPS (diluted) | $-0.02 | $1.19 |
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 | $78.2M | ||
| Q3 25 | $104.2M | $57.5M | ||
| Q2 25 | $101.1M | $52.0M | ||
| Q1 25 | $100.4M | $48.2M | ||
| Q4 24 | $100.3M | $48.4M | ||
| Q3 24 | $87.4M | $35.6M | ||
| Q2 24 | $83.0M | $30.2M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $42.7M | ||
| Q3 25 | $1.2M | $26.7M | ||
| Q2 25 | $5.3M | $27.6M | ||
| Q1 25 | $2.9M | $36.2M | ||
| Q4 24 | $4.5M | $25.4M | ||
| Q3 24 | $4.3M | $15.4M | ||
| Q2 24 | $-817.0K | $29.7M |
| 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% | 70.6% | ||
| Q3 25 | -0.2% | 61.9% | ||
| Q2 25 | -0.1% | 69.4% | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 1.3% | 63.8% | ||
| Q3 24 | 2.4% | 58.6% | ||
| Q2 24 | 0.0% | 55.3% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | 54.6% | ||
| Q3 25 | 1.1% | 46.4% | ||
| Q2 25 | 5.2% | 53.1% | ||
| Q1 25 | 2.9% | 75.1% | ||
| Q4 24 | 4.5% | 52.4% | ||
| Q3 24 | 4.9% | 43.4% | ||
| Q2 24 | -1.0% | 98.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $1.19 | ||
| Q3 25 | $0.01 | $0.75 | ||
| Q2 25 | $0.06 | $0.78 | ||
| Q1 25 | $0.03 | $1.00 | ||
| Q4 24 | $0.06 | $0.71 | ||
| Q3 24 | $0.05 | $0.44 | ||
| Q2 24 | $-0.01 | $0.82 |
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 | $64.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $530.1M | $169.8M |
| Total Assets | $605.0M | $400.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $64.1M | ||
| Q3 25 | $338.6M | $104.1M | ||
| Q2 25 | $336.8M | $88.9M | ||
| Q1 25 | $325.5M | $88.9M | ||
| Q4 24 | $334.7M | $73.2M | ||
| Q3 24 | $231.3M | $80.1M | ||
| Q2 24 | $256.0M | $58.0M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $169.8M | ||
| Q3 25 | $537.7M | $155.3M | ||
| Q2 25 | $532.2M | $130.4M | ||
| Q1 25 | $517.4M | $125.8M | ||
| Q4 24 | $517.8M | $87.8M | ||
| Q3 24 | $400.2M | $61.1M | ||
| Q2 24 | $388.4M | $50.3M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $400.2M | ||
| Q3 25 | $613.2M | $367.0M | ||
| Q2 25 | $608.9M | $350.6M | ||
| Q1 25 | $590.9M | $298.1M | ||
| Q4 24 | $592.2M | $298.4M | ||
| Q3 24 | $477.3M | $252.9M | ||
| Q2 24 | $443.6M | $212.1M |
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 | — | $70.6M |
| Free Cash FlowOCF − Capex | — | $70.6M |
| FCF MarginFCF / Revenue | — | 90.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $70.6M | ||
| Q3 25 | $7.0M | $63.7M | ||
| Q2 25 | $14.4M | $23.1M | ||
| Q1 25 | $9.4M | $52.5M | ||
| Q4 24 | $7.1M | $57.4M | ||
| Q3 24 | $9.2M | $35.1M | ||
| Q2 24 | $10.7M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $70.6M | ||
| Q3 25 | $2.9M | $63.6M | ||
| Q2 25 | $10.2M | $22.7M | ||
| Q1 25 | $6.0M | $52.5M | ||
| Q4 24 | $4.4M | $57.4M | ||
| Q3 24 | $5.9M | $35.1M | ||
| Q2 24 | $8.0M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 90.2% | ||
| Q3 25 | 2.8% | 110.6% | ||
| Q2 25 | 10.1% | 43.6% | ||
| Q1 25 | 6.0% | 108.9% | ||
| Q4 24 | 4.4% | 118.5% | ||
| Q3 24 | 6.8% | 98.6% | ||
| Q2 24 | 9.7% | 73.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 0.1% | ||
| Q3 25 | 3.9% | 0.3% | ||
| Q2 25 | 4.1% | 0.8% | ||
| Q1 25 | 3.3% | 0.1% | ||
| Q4 24 | 2.6% | 0.1% | ||
| Q3 24 | 3.7% | 0.0% | ||
| Q2 24 | 3.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | 1.65× | ||
| Q3 25 | 5.92× | 2.39× | ||
| Q2 25 | 2.73× | 0.84× | ||
| Q1 25 | 3.21× | 1.45× | ||
| Q4 24 | 1.56× | 2.26× | ||
| Q3 24 | 2.15× | 2.27× | ||
| Q2 24 | — | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GDYN
Segment breakdown not available.
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
