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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and Star Equity Holdings, Inc. (STRR). 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 $56.8M, roughly 1.9× Star Equity Holdings, Inc.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -3.0%, a 3.3% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 5.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

GDYN vs STRR — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.9× larger
GDYN
$106.2M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+63.2% gap
STRR
69.0%
5.9%
GDYN
Higher net margin
GDYN
GDYN
3.3% more per $
GDYN
0.3%
-3.0%
STRR
More free cash flow
GDYN
GDYN
$15.1M more FCF
GDYN
$6.1M
$-9.0M
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
15.3%
GDYN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDYN
GDYN
STRR
STRR
Revenue
$106.2M
$56.8M
Net Profit
$306.0K
$-1.7M
Gross Margin
34.0%
Operating Margin
0.5%
-0.2%
Net Margin
0.3%
-3.0%
Revenue YoY
5.9%
69.0%
Net Profit YoY
-93.2%
-192.1%
EPS (diluted)
$0.01
$-0.49

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
STRR
STRR
Q4 25
$106.2M
$56.8M
Q3 25
$104.2M
$48.0M
Q2 25
$101.1M
$35.5M
Q1 25
$100.4M
$31.9M
Q4 24
$100.3M
$33.6M
Q3 24
$87.4M
$36.9M
Q2 24
$83.0M
$35.7M
Q1 24
$79.8M
$33.9M
Net Profit
GDYN
GDYN
STRR
STRR
Q4 25
$306.0K
$-1.7M
Q3 25
$1.2M
$-1.8M
Q2 25
$5.3M
$-688.0K
Q1 25
$2.9M
$-1.8M
Q4 24
$4.5M
$-585.0K
Q3 24
$4.3M
$-846.0K
Q2 24
$-817.0K
$-441.0K
Q1 24
$-3.9M
$-2.9M
Gross Margin
GDYN
GDYN
STRR
STRR
Q4 25
34.0%
Q3 25
33.3%
43.0%
Q2 25
34.1%
Q1 25
36.8%
Q4 24
36.9%
Q3 24
37.4%
50.5%
Q2 24
35.6%
Q1 24
34.7%
Operating Margin
GDYN
GDYN
STRR
STRR
Q4 25
0.5%
-0.2%
Q3 25
-0.2%
-3.4%
Q2 25
-0.1%
-0.6%
Q1 25
-2.0%
-5.4%
Q4 24
1.3%
-0.4%
Q3 24
2.4%
-1.2%
Q2 24
0.0%
-0.5%
Q1 24
-6.9%
-9.0%
Net Margin
GDYN
GDYN
STRR
STRR
Q4 25
0.3%
-3.0%
Q3 25
1.1%
-3.7%
Q2 25
5.2%
-1.9%
Q1 25
2.9%
-5.5%
Q4 24
4.5%
-1.7%
Q3 24
4.9%
-2.3%
Q2 24
-1.0%
-1.2%
Q1 24
-4.9%
-8.6%
EPS (diluted)
GDYN
GDYN
STRR
STRR
Q4 25
$0.01
$-0.49
Q3 25
$0.01
$-0.54
Q2 25
$0.06
$-0.23
Q1 25
$0.03
$-0.59
Q4 24
$0.06
$-0.21
Q3 24
$0.05
$-0.28
Q2 24
$-0.01
$-0.15
Q1 24
$-0.05
$-0.95

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$342.1M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$542.1M
$65.7M
Total Assets
$612.9M
$113.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
STRR
STRR
Q4 25
$342.1M
$10.3M
Q3 25
$338.6M
$15.4M
Q2 25
$336.8M
$16.8M
Q1 25
$325.5M
$16.6M
Q4 24
$334.7M
$17.0M
Q3 24
$231.3M
$15.8M
Q2 24
$256.0M
$14.7M
Q1 24
$249.4M
$20.4M
Total Debt
GDYN
GDYN
STRR
STRR
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GDYN
GDYN
STRR
STRR
Q4 25
$542.1M
$65.7M
Q3 25
$537.7M
$67.8M
Q2 25
$532.2M
$40.1M
Q1 25
$517.4M
$39.5M
Q4 24
$517.8M
$40.4M
Q3 24
$400.2M
$42.9M
Q2 24
$388.4M
$42.6M
Q1 24
$382.8M
$44.3M
Total Assets
GDYN
GDYN
STRR
STRR
Q4 25
$612.9M
$113.2M
Q3 25
$613.2M
$117.1M
Q2 25
$608.9M
$55.6M
Q1 25
$590.9M
$53.2M
Q4 24
$592.2M
$52.6M
Q3 24
$477.3M
$52.6M
Q2 24
$443.6M
$52.6M
Q1 24
$435.3M
$52.6M
Debt / Equity
GDYN
GDYN
STRR
STRR
Q4 25
Q3 25
0.10×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

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
STRR
STRR
Operating Cash FlowLast quarter
$9.9M
$-7.3M
Free Cash FlowOCF − Capex
$6.1M
$-9.0M
FCF MarginFCF / Revenue
5.7%
-15.8%
Capex IntensityCapex / Revenue
3.6%
3.0%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
STRR
STRR
Q4 25
$9.9M
$-7.3M
Q3 25
$7.0M
$-2.7M
Q2 25
$14.4M
$139.0K
Q1 25
$9.4M
$-802.0K
Q4 24
$7.1M
$-2.8M
Q3 24
$9.2M
$1.3M
Q2 24
$10.7M
$-4.3M
Q1 24
$3.2M
$-1.8M
Free Cash Flow
GDYN
GDYN
STRR
STRR
Q4 25
$6.1M
$-9.0M
Q3 25
$2.9M
$-3.4M
Q2 25
$10.2M
$102.0K
Q1 25
$6.0M
$-808.0K
Q4 24
$4.4M
$-2.8M
Q3 24
$5.9M
$1.3M
Q2 24
$8.0M
$-4.3M
Q1 24
$43.0K
$-1.8M
FCF Margin
GDYN
GDYN
STRR
STRR
Q4 25
5.7%
-15.8%
Q3 25
2.8%
-7.0%
Q2 25
10.1%
0.3%
Q1 25
6.0%
-2.5%
Q4 24
4.4%
-8.3%
Q3 24
6.8%
3.4%
Q2 24
9.7%
-12.0%
Q1 24
0.1%
-5.3%
Capex Intensity
GDYN
GDYN
STRR
STRR
Q4 25
3.6%
3.0%
Q3 25
3.9%
1.3%
Q2 25
4.1%
0.1%
Q1 25
3.3%
0.0%
Q4 24
2.6%
0.1%
Q3 24
3.7%
0.0%
Q2 24
3.2%
0.0%
Q1 24
4.0%
0.0%
Cash Conversion
GDYN
GDYN
STRR
STRR
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
Q1 24

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%

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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