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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $106.2M, roughly 2.0× GRID DYNAMICS HOLDINGS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 0.3%, a 16.0% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -10.9%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-74.1M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
GDYN vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $208.0M |
| Net Profit | $306.0K | $33.9M |
| Gross Margin | 34.0% | — |
| Operating Margin | 0.5% | 19.1% |
| Net Margin | 0.3% | 16.3% |
| Revenue YoY | 5.9% | -10.9% |
| Net Profit YoY | -93.2% | -14.2% |
| EPS (diluted) | $0.01 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $104.2M | $216.4M | ||
| Q2 25 | $101.1M | $210.5M | ||
| Q1 25 | $100.4M | $217.9M | ||
| Q4 24 | $100.3M | $233.5M | ||
| Q3 24 | $87.4M | $227.0M | ||
| Q2 24 | $83.0M | $224.4M | ||
| Q1 24 | $79.8M | $222.0M |
| Q4 25 | $306.0K | $33.9M | ||
| Q3 25 | $1.2M | $31.3M | ||
| Q2 25 | $5.3M | $42.7M | ||
| Q1 25 | $2.9M | $28.1M | ||
| Q4 24 | $4.5M | $39.5M | ||
| Q3 24 | $4.3M | $49.1M | ||
| Q2 24 | $-817.0K | $26.0M | ||
| Q1 24 | $-3.9M | $37.9M |
| 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 24 | 34.7% | — |
| Q4 25 | 0.5% | 19.1% | ||
| Q3 25 | -0.2% | 21.7% | ||
| Q2 25 | -0.1% | 21.5% | ||
| Q1 25 | -2.0% | 16.8% | ||
| Q4 24 | 1.3% | 21.7% | ||
| Q3 24 | 2.4% | 24.3% | ||
| Q2 24 | 0.0% | 19.7% | ||
| Q1 24 | -6.9% | 14.5% |
| Q4 25 | 0.3% | 16.3% | ||
| Q3 25 | 1.1% | 14.5% | ||
| Q2 25 | 5.2% | 20.3% | ||
| Q1 25 | 2.9% | 12.9% | ||
| Q4 24 | 4.5% | 16.9% | ||
| Q3 24 | 4.9% | 21.6% | ||
| Q2 24 | -1.0% | 11.6% | ||
| Q1 24 | -4.9% | 17.1% |
| Q4 25 | $0.01 | $5.15 | ||
| Q3 25 | $0.01 | $4.65 | ||
| Q2 25 | $0.06 | $6.12 | ||
| Q1 25 | $0.03 | $4.05 | ||
| Q4 24 | $0.06 | $4.65 | ||
| Q3 24 | $0.05 | $5.71 | ||
| Q2 24 | $-0.01 | $2.43 | ||
| Q1 24 | $-0.05 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $542.1M | $934.0M |
| Total Assets | $612.9M | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | — | ||
| Q3 25 | $338.6M | — | ||
| Q2 25 | $336.8M | — | ||
| Q1 25 | $325.5M | — | ||
| Q4 24 | $334.7M | — | ||
| Q3 24 | $231.3M | — | ||
| Q2 24 | $256.0M | — | ||
| Q1 24 | $249.4M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $542.1M | $934.0M | ||
| Q3 25 | $537.7M | $918.7M | ||
| Q2 25 | $532.2M | $896.4M | ||
| Q1 25 | $517.4M | $893.7M | ||
| Q4 24 | $517.8M | $897.5M | ||
| Q3 24 | $400.2M | $889.0M | ||
| Q2 24 | $388.4M | $868.7M | ||
| Q1 24 | $382.8M | $871.7M |
| Q4 25 | $612.9M | $4.3B | ||
| Q3 25 | $613.2M | $3.9B | ||
| Q2 25 | $608.9M | $3.7B | ||
| Q1 25 | $590.9M | $3.7B | ||
| Q4 24 | $592.2M | $4.0B | ||
| Q3 24 | $477.3M | $3.6B | ||
| Q2 24 | $443.6M | $3.6B | ||
| Q1 24 | $435.3M | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $6.1M | $-74.1M |
| FCF MarginFCF / Revenue | 5.7% | -35.6% |
| Capex IntensityCapex / Revenue | 3.6% | 3.3% |
| Cash ConversionOCF / Net Profit | 32.34× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $-67.2M | ||
| Q3 25 | $7.0M | $108.3M | ||
| Q2 25 | $14.4M | $75.8M | ||
| Q1 25 | $9.4M | $-3.8M | ||
| Q4 24 | $7.1M | $1.8M | ||
| Q3 24 | $9.2M | $69.1M | ||
| Q2 24 | $10.7M | $70.0M | ||
| Q1 24 | $3.2M | $-34.5M |
| Q4 25 | $6.1M | $-74.1M | ||
| Q3 25 | $2.9M | $106.9M | ||
| Q2 25 | $10.2M | $74.2M | ||
| Q1 25 | $6.0M | $-6.8M | ||
| Q4 24 | $4.4M | $-3.8M | ||
| Q3 24 | $5.9M | $68.7M | ||
| Q2 24 | $8.0M | $68.6M | ||
| Q1 24 | $43.0K | $-36.5M |
| Q4 25 | 5.7% | -35.6% | ||
| Q3 25 | 2.8% | 49.4% | ||
| Q2 25 | 10.1% | 35.2% | ||
| Q1 25 | 6.0% | -3.1% | ||
| Q4 24 | 4.4% | -1.6% | ||
| Q3 24 | 6.8% | 30.3% | ||
| Q2 24 | 9.7% | 30.6% | ||
| Q1 24 | 0.1% | -16.4% |
| Q4 25 | 3.6% | 3.3% | ||
| Q3 25 | 3.9% | 0.7% | ||
| Q2 25 | 4.1% | 0.7% | ||
| Q1 25 | 3.3% | 1.4% | ||
| Q4 24 | 2.6% | 2.4% | ||
| Q3 24 | 3.7% | 0.2% | ||
| Q2 24 | 3.2% | 0.6% | ||
| Q1 24 | 4.0% | 0.9% |
| Q4 25 | 32.34× | -1.99× | ||
| Q3 25 | 5.92× | 3.45× | ||
| Q2 25 | 2.73× | 1.77× | ||
| Q1 25 | 3.21× | -0.13× | ||
| Q4 24 | 1.56× | 0.04× | ||
| Q3 24 | 2.15× | 1.41× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
