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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
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% | — |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| 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% |
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |