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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). 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 $91.6M, roughly 1.1× SHENANDOAH TELECOMMUNICATIONS CO). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -5.9%, a 4.5% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 3.7%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
GDYN vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.1M | $91.6M |
| Net Profit | $-1.5M | $-5.4M |
| Gross Margin | 34.8% | — |
| Operating Margin | 61.7% | -1.0% |
| Net Margin | -1.4% | -5.9% |
| Revenue YoY | 3.7% | 7.2% |
| Net Profit YoY | -150.6% | -95.8% |
| EPS (diluted) | $-0.02 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $104.2M | $89.8M | ||
| Q2 25 | $101.1M | $88.6M | ||
| Q1 25 | $100.4M | $87.9M | ||
| Q4 24 | $100.3M | $85.4M | ||
| Q3 24 | $87.4M | $87.6M | ||
| Q2 24 | $83.0M | $85.8M |
| Q1 26 | $-1.5M | — | ||
| Q4 25 | $306.0K | $-5.4M | ||
| Q3 25 | $1.2M | $-9.4M | ||
| Q2 25 | $5.3M | $-9.0M | ||
| Q1 25 | $2.9M | $-9.1M | ||
| Q4 24 | $4.5M | $-2.7M | ||
| Q3 24 | $4.3M | $-5.3M | ||
| Q2 24 | $-817.0K | $-12.9M |
| 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% | -1.0% | ||
| Q3 25 | -0.2% | -8.0% | ||
| Q2 25 | -0.1% | -10.3% | ||
| Q1 25 | -2.0% | -6.9% | ||
| Q4 24 | 1.3% | -6.7% | ||
| Q3 24 | 2.4% | -4.8% | ||
| Q2 24 | 0.0% | -18.5% |
| Q1 26 | -1.4% | — | ||
| Q4 25 | 0.3% | -5.9% | ||
| Q3 25 | 1.1% | -10.5% | ||
| Q2 25 | 5.2% | -10.2% | ||
| Q1 25 | 2.9% | -10.4% | ||
| Q4 24 | 4.5% | -3.2% | ||
| Q3 24 | 4.9% | -6.0% | ||
| Q2 24 | -1.0% | -15.0% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.01 | $-0.13 | ||
| Q3 25 | $0.01 | $-0.20 | ||
| Q2 25 | $0.06 | $-0.19 | ||
| Q1 25 | $0.03 | $-0.19 | ||
| Q4 24 | $0.06 | $-0.34 | ||
| Q3 24 | $0.05 | $-0.13 | ||
| Q2 24 | $-0.01 | $-0.24 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $530.1M | $880.8M |
| Total Assets | $605.0M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $327.5M | — | ||
| Q4 25 | $342.1M | $27.3M | ||
| Q3 25 | $338.6M | $22.6M | ||
| Q2 25 | $336.8M | $29.1M | ||
| Q1 25 | $325.5M | $87.5M | ||
| Q4 24 | $334.7M | $46.3M | ||
| Q3 24 | $231.3M | $43.1M | ||
| Q2 24 | $256.0M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | $530.1M | — | ||
| Q4 25 | $542.1M | $880.8M | ||
| Q3 25 | $537.7M | $892.7M | ||
| Q2 25 | $532.2M | $902.0M | ||
| Q1 25 | $517.4M | $910.5M | ||
| Q4 24 | $517.8M | $918.6M | ||
| Q3 24 | $400.2M | $925.4M | ||
| Q2 24 | $388.4M | $933.1M |
| Q1 26 | $605.0M | — | ||
| Q4 25 | $612.9M | $1.9B | ||
| Q3 25 | $613.2M | $1.9B | ||
| Q2 25 | $608.9M | $1.8B | ||
| Q1 25 | $590.9M | $1.8B | ||
| Q4 24 | $592.2M | $1.7B | ||
| Q3 24 | $477.3M | $1.7B | ||
| Q2 24 | $443.6M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× |
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 | — | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.9M | $28.8M | ||
| Q3 25 | $7.0M | $30.7M | ||
| Q2 25 | $14.4M | $20.9M | ||
| Q1 25 | $9.4M | $20.5M | ||
| Q4 24 | $7.1M | $20.6M | ||
| Q3 24 | $9.2M | $24.3M | ||
| Q2 24 | $10.7M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $-78.6M | ||
| Q3 25 | $2.9M | $-51.4M | ||
| Q2 25 | $10.2M | $-65.3M | ||
| Q1 25 | $6.0M | $-62.7M | ||
| Q4 24 | $4.4M | $-72.0M | ||
| Q3 24 | $5.9M | $-51.3M | ||
| Q2 24 | $8.0M | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | -85.8% | ||
| Q3 25 | 2.8% | -57.2% | ||
| Q2 25 | 10.1% | -73.7% | ||
| Q1 25 | 6.0% | -71.3% | ||
| Q4 24 | 4.4% | -84.3% | ||
| Q3 24 | 6.8% | -58.5% | ||
| Q2 24 | 9.7% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 117.2% | ||
| Q3 25 | 3.9% | 91.4% | ||
| Q2 25 | 4.1% | 97.3% | ||
| Q1 25 | 3.3% | 94.7% | ||
| Q4 24 | 2.6% | 108.4% | ||
| Q3 24 | 3.7% | 86.2% | ||
| Q2 24 | 3.2% | 94.2% |
| Q1 26 | — | — | ||
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | — | ||
| 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.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
