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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) and WAFD INC (WAFD). Click either name above to swap in a different company.

WAFD INC is the larger business by last-quarter revenue ($191.4M vs $104.1M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). WAFD INC runs the higher net margin — 33.5% vs -1.4%, a 35.0% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 5.5%).

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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

GDYN vs WAFD — Head-to-Head

Bigger by revenue
WAFD
WAFD
1.8× larger
WAFD
$191.4M
$104.1M
GDYN
Growing faster (revenue YoY)
WAFD
WAFD
+8.2% gap
WAFD
11.8%
3.7%
GDYN
Higher net margin
WAFD
WAFD
35.0% more per $
WAFD
33.5%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
5.5%
WAFD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GDYN
GDYN
WAFD
WAFD
Revenue
$104.1M
$191.4M
Net Profit
$-1.5M
$64.2M
Gross Margin
34.8%
Operating Margin
61.7%
43.0%
Net Margin
-1.4%
33.5%
Revenue YoY
3.7%
11.8%
Net Profit YoY
-150.6%
35.8%
EPS (diluted)
$-0.02
$0.79

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
WAFD
WAFD
Q1 26
$104.1M
Q4 25
$106.2M
$191.4M
Q3 25
$104.2M
$188.3M
Q2 25
$101.1M
$186.3M
Q1 25
$100.4M
$179.8M
Q4 24
$100.3M
$171.1M
Q3 24
$87.4M
$188.7M
Q2 24
$83.0M
$194.4M
Net Profit
GDYN
GDYN
WAFD
WAFD
Q1 26
$-1.5M
Q4 25
$306.0K
$64.2M
Q3 25
$1.2M
$60.6M
Q2 25
$5.3M
$62.0M
Q1 25
$2.9M
$56.3M
Q4 24
$4.5M
$47.3M
Q3 24
$4.3M
$61.1M
Q2 24
$-817.0K
$64.6M
Gross Margin
GDYN
GDYN
WAFD
WAFD
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%
Operating Margin
GDYN
GDYN
WAFD
WAFD
Q1 26
61.7%
Q4 25
0.5%
43.0%
Q3 25
-0.2%
41.2%
Q2 25
-0.1%
42.8%
Q1 25
-2.0%
40.1%
Q4 24
1.3%
35.2%
Q3 24
2.4%
42.8%
Q2 24
0.0%
42.6%
Net Margin
GDYN
GDYN
WAFD
WAFD
Q1 26
-1.4%
Q4 25
0.3%
33.5%
Q3 25
1.1%
32.2%
Q2 25
5.2%
33.3%
Q1 25
2.9%
31.3%
Q4 24
4.5%
27.6%
Q3 24
4.9%
32.4%
Q2 24
-1.0%
33.2%
EPS (diluted)
GDYN
GDYN
WAFD
WAFD
Q1 26
$-0.02
Q4 25
$0.01
$0.79
Q3 25
$0.01
$0.71
Q2 25
$0.06
$0.73
Q1 25
$0.03
$0.65
Q4 24
$0.06
$0.54
Q3 24
$0.05
$0.73
Q2 24
$-0.01
$0.75

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$327.5M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$3.0B
Total Assets
$605.0M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
WAFD
WAFD
Q1 26
$327.5M
Q4 25
$342.1M
$734.9M
Q3 25
$338.6M
$657.3M
Q2 25
$336.8M
$809.3M
Q1 25
$325.5M
$1.2B
Q4 24
$334.7M
$1.5B
Q3 24
$231.3M
$2.4B
Q2 24
$256.0M
$2.5B
Stockholders' Equity
GDYN
GDYN
WAFD
WAFD
Q1 26
$530.1M
Q4 25
$542.1M
$3.0B
Q3 25
$537.7M
$3.0B
Q2 25
$532.2M
$3.0B
Q1 25
$517.4M
$3.0B
Q4 24
$517.8M
$3.0B
Q3 24
$400.2M
$3.0B
Q2 24
$388.4M
$3.0B
Total Assets
GDYN
GDYN
WAFD
WAFD
Q1 26
$605.0M
Q4 25
$612.9M
$27.3B
Q3 25
$613.2M
$26.7B
Q2 25
$608.9M
$26.7B
Q1 25
$590.9M
$27.6B
Q4 24
$592.2M
$27.7B
Q3 24
$477.3M
$28.1B
Q2 24
$443.6M
$28.6B

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
WAFD
WAFD
Operating Cash FlowLast quarter
$60.5M
Free Cash FlowOCF − Capex
$50.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
WAFD
WAFD
Q1 26
Q4 25
$9.9M
$60.5M
Q3 25
$7.0M
$237.0M
Q2 25
$14.4M
$58.0M
Q1 25
$9.4M
$72.1M
Q4 24
$7.1M
$49.4M
Q3 24
$9.2M
$439.2M
Q2 24
$10.7M
$63.1M
Free Cash Flow
GDYN
GDYN
WAFD
WAFD
Q1 26
Q4 25
$6.1M
$50.0M
Q3 25
$2.9M
$208.2M
Q2 25
$10.2M
$53.1M
Q1 25
$6.0M
$66.6M
Q4 24
$4.4M
$43.0M
Q3 24
$5.9M
$414.6M
Q2 24
$8.0M
$58.3M
FCF Margin
GDYN
GDYN
WAFD
WAFD
Q1 26
Q4 25
5.7%
26.1%
Q3 25
2.8%
110.6%
Q2 25
10.1%
28.5%
Q1 25
6.0%
37.0%
Q4 24
4.4%
25.1%
Q3 24
6.8%
219.7%
Q2 24
9.7%
30.0%
Capex Intensity
GDYN
GDYN
WAFD
WAFD
Q1 26
Q4 25
3.6%
5.5%
Q3 25
3.9%
15.2%
Q2 25
4.1%
2.6%
Q1 25
3.3%
3.1%
Q4 24
2.6%
3.8%
Q3 24
3.7%
13.1%
Q2 24
3.2%
2.5%
Cash Conversion
GDYN
GDYN
WAFD
WAFD
Q1 26
Q4 25
32.34×
0.94×
Q3 25
5.92×
3.91×
Q2 25
2.73×
0.94×
Q1 25
3.21×
1.28×
Q4 24
1.56×
1.05×
Q3 24
2.15×
7.18×
Q2 24
0.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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