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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and ThredUp Inc. (TDUP). 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 $79.7M, roughly 1.3× ThredUp Inc.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -7.0%, a 7.3% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs 5.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-3.2M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs 11.1%).
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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
GDYN vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $79.7M |
| Net Profit | $306.0K | $-5.6M |
| Gross Margin | 34.0% | 79.6% |
| Operating Margin | 0.5% | -8.4% |
| Net Margin | 0.3% | -7.0% |
| Revenue YoY | 5.9% | 18.5% |
| Net Profit YoY | -93.2% | 74.3% |
| EPS (diluted) | $0.01 | $-0.06 |
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 | $79.7M | ||
| Q3 25 | $104.2M | $82.2M | ||
| Q2 25 | $101.1M | $77.7M | ||
| Q1 25 | $100.4M | $71.3M | ||
| Q4 24 | $100.3M | $67.3M | ||
| Q3 24 | $87.4M | $61.5M | ||
| Q2 24 | $83.0M | $66.7M | ||
| Q1 24 | $79.8M | $64.5M |
| Q4 25 | $306.0K | $-5.6M | ||
| Q3 25 | $1.2M | $-4.2M | ||
| Q2 25 | $5.3M | $-5.2M | ||
| Q1 25 | $2.9M | $-5.2M | ||
| Q4 24 | $4.5M | $-21.7M | ||
| Q3 24 | $4.3M | $-24.8M | ||
| Q2 24 | $-817.0K | $-14.0M | ||
| Q1 24 | $-3.9M | $-16.6M |
| Q4 25 | 34.0% | 79.6% | ||
| Q3 25 | 33.3% | 79.4% | ||
| Q2 25 | 34.1% | 79.5% | ||
| Q1 25 | 36.8% | 79.1% | ||
| Q4 24 | 36.9% | 80.4% | ||
| Q3 24 | 37.4% | 79.3% | ||
| Q2 24 | 35.6% | 78.8% | ||
| Q1 24 | 34.7% | 80.1% |
| Q4 25 | 0.5% | -8.4% | ||
| Q3 25 | -0.2% | -5.3% | ||
| Q2 25 | -0.1% | -6.8% | ||
| Q1 25 | -2.0% | -7.6% | ||
| Q4 24 | 1.3% | -12.1% | ||
| Q3 24 | 2.4% | -17.0% | ||
| Q2 24 | 0.0% | -14.4% | ||
| Q1 24 | -6.9% | -19.2% |
| Q4 25 | 0.3% | -7.0% | ||
| Q3 25 | 1.1% | -5.2% | ||
| Q2 25 | 5.2% | -6.7% | ||
| Q1 25 | 2.9% | -7.3% | ||
| Q4 24 | 4.5% | -32.3% | ||
| Q3 24 | 4.9% | -40.3% | ||
| Q2 24 | -1.0% | -20.9% | ||
| Q1 24 | -4.9% | -25.7% |
| Q4 25 | $0.01 | $-0.06 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $0.06 | $-0.04 | ||
| Q1 25 | $0.03 | $-0.04 | ||
| Q4 24 | $0.06 | $-0.19 | ||
| Q3 24 | $0.05 | $-0.22 | ||
| Q2 24 | $-0.01 | $-0.13 | ||
| Q1 24 | $-0.05 | $-0.15 |
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 | $38.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $542.1M | $59.2M |
| Total Assets | $612.9M | $167.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | $38.6M | ||
| Q3 25 | $338.6M | $46.2M | ||
| Q2 25 | $336.8M | $41.0M | ||
| Q1 25 | $325.5M | $41.1M | ||
| Q4 24 | $334.7M | $31.9M | ||
| Q3 24 | $231.3M | $43.7M | ||
| Q2 24 | $256.0M | $44.8M | ||
| Q1 24 | $249.4M | $50.1M |
| Q4 25 | $542.1M | $59.2M | ||
| Q3 25 | $537.7M | $59.1M | ||
| Q2 25 | $532.2M | $60.2M | ||
| Q1 25 | $517.4M | $56.1M | ||
| Q4 24 | $517.8M | $56.3M | ||
| Q3 24 | $400.2M | $69.3M | ||
| Q2 24 | $388.4M | $86.5M | ||
| Q1 24 | $382.8M | $93.5M |
| Q4 25 | $612.9M | $167.2M | ||
| Q3 25 | $613.2M | $172.5M | ||
| Q2 25 | $608.9M | $173.6M | ||
| Q1 25 | $590.9M | $172.5M | ||
| Q4 24 | $592.2M | $171.2M | ||
| Q3 24 | $477.3M | $214.9M | ||
| Q2 24 | $443.6M | $231.2M | ||
| Q1 24 | $435.3M | $244.3M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $6.1M | $-3.2M |
| FCF MarginFCF / Revenue | 5.7% | -4.0% |
| Capex IntensityCapex / Revenue | 3.6% | 2.2% |
| Cash ConversionOCF / Net Profit | 32.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $-1.5M | ||
| Q3 25 | $7.0M | $6.0M | ||
| Q2 25 | $14.4M | $344.0K | ||
| Q1 25 | $9.4M | $5.7M | ||
| Q4 24 | $7.1M | $663.0K | ||
| Q3 24 | $9.2M | $3.3M | ||
| Q2 24 | $10.7M | $-5.0M | ||
| Q1 24 | $3.2M | $1.4M |
| Q4 25 | $6.1M | $-3.2M | ||
| Q3 25 | $2.9M | $2.4M | ||
| Q2 25 | $10.2M | $-2.9M | ||
| Q1 25 | $6.0M | $3.9M | ||
| Q4 24 | $4.4M | $-1.8M | ||
| Q3 24 | $5.9M | $1.2M | ||
| Q2 24 | $8.0M | $-5.8M | ||
| Q1 24 | $43.0K | $267.0K |
| Q4 25 | 5.7% | -4.0% | ||
| Q3 25 | 2.8% | 2.9% | ||
| Q2 25 | 10.1% | -3.8% | ||
| Q1 25 | 6.0% | 5.5% | ||
| Q4 24 | 4.4% | -2.7% | ||
| Q3 24 | 6.8% | 2.0% | ||
| Q2 24 | 9.7% | -8.7% | ||
| Q1 24 | 0.1% | 0.4% |
| Q4 25 | 3.6% | 2.2% | ||
| Q3 25 | 3.9% | 4.4% | ||
| Q2 25 | 4.1% | 4.2% | ||
| Q1 25 | 3.3% | 2.5% | ||
| Q4 24 | 2.6% | 3.7% | ||
| Q3 24 | 3.7% | 3.5% | ||
| Q2 24 | 3.2% | 1.3% | ||
| Q1 24 | 4.0% | 1.7% |
| 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% |
TDUP
Segment breakdown not available.
