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

Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $104.1M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — -1.4% vs -4.5%, a 3.1% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 3.7%). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs 12.0%).

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.

Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.

GDYN vs XMTR — Head-to-Head

Bigger by revenue
XMTR
XMTR
1.8× larger
XMTR
$192.4M
$104.1M
GDYN
Growing faster (revenue YoY)
XMTR
XMTR
+25.9% gap
XMTR
29.5%
3.7%
GDYN
Higher net margin
GDYN
GDYN
3.1% more per $
GDYN
-1.4%
-4.5%
XMTR
Faster 2-yr revenue CAGR
XMTR
XMTR
Annualised
XMTR
25.2%
12.0%
GDYN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GDYN
GDYN
XMTR
XMTR
Revenue
$104.1M
$192.4M
Net Profit
$-1.5M
$-8.6M
Gross Margin
34.8%
39.1%
Operating Margin
61.7%
-4.6%
Net Margin
-1.4%
-4.5%
Revenue YoY
3.7%
29.5%
Net Profit YoY
-150.6%
12.7%
EPS (diluted)
$-0.02

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
XMTR
XMTR
Q1 26
$104.1M
Q4 25
$106.2M
$192.4M
Q3 25
$104.2M
$180.7M
Q2 25
$101.1M
$162.5M
Q1 25
$100.4M
$151.0M
Q4 24
$100.3M
$148.5M
Q3 24
$87.4M
$141.7M
Q2 24
$83.0M
$132.6M
Net Profit
GDYN
GDYN
XMTR
XMTR
Q1 26
$-1.5M
Q4 25
$306.0K
$-8.6M
Q3 25
$1.2M
$-11.6M
Q2 25
$5.3M
$-26.4M
Q1 25
$2.9M
$-15.1M
Q4 24
$4.5M
$-9.9M
Q3 24
$4.3M
$-10.2M
Q2 24
$-817.0K
$-13.7M
Gross Margin
GDYN
GDYN
XMTR
XMTR
Q1 26
34.8%
Q4 25
34.0%
39.1%
Q3 25
33.3%
39.9%
Q2 25
34.1%
40.1%
Q1 25
36.8%
37.3%
Q4 24
36.9%
39.7%
Q3 24
37.4%
39.4%
Q2 24
35.6%
39.9%
Operating Margin
GDYN
GDYN
XMTR
XMTR
Q1 26
61.7%
Q4 25
0.5%
-4.6%
Q3 25
-0.2%
-6.1%
Q2 25
-0.1%
-6.3%
Q1 25
-2.0%
-10.2%
Q4 24
1.3%
-7.8%
Q3 24
2.4%
-8.1%
Q2 24
0.0%
-11.5%
Net Margin
GDYN
GDYN
XMTR
XMTR
Q1 26
-1.4%
Q4 25
0.3%
-4.5%
Q3 25
1.1%
-6.4%
Q2 25
5.2%
-16.3%
Q1 25
2.9%
-10.0%
Q4 24
4.5%
-6.7%
Q3 24
4.9%
-7.2%
Q2 24
-1.0%
-10.3%
EPS (diluted)
GDYN
GDYN
XMTR
XMTR
Q1 26
$-0.02
Q4 25
$0.01
Q3 25
$0.01
Q2 25
$0.06
Q1 25
$0.03
Q4 24
$0.06
Q3 24
$0.05
Q2 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$327.5M
$219.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$530.1M
$275.6M
Total Assets
$605.0M
$703.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
XMTR
XMTR
Q1 26
$327.5M
Q4 25
$342.1M
$219.1M
Q3 25
$338.6M
$224.5M
Q2 25
$336.8M
$225.8M
Q1 25
$325.5M
$231.4M
Q4 24
$334.7M
$239.8M
Q3 24
$231.3M
$234.0M
Q2 24
$256.0M
$240.9M
Stockholders' Equity
GDYN
GDYN
XMTR
XMTR
Q1 26
$530.1M
Q4 25
$542.1M
$275.6M
Q3 25
$537.7M
$272.0M
Q2 25
$532.2M
$270.4M
Q1 25
$517.4M
$309.9M
Q4 24
$517.8M
$314.5M
Q3 24
$400.2M
$315.2M
Q2 24
$388.4M
$315.8M
Total Assets
GDYN
GDYN
XMTR
XMTR
Q1 26
$605.0M
Q4 25
$612.9M
$703.7M
Q3 25
$613.2M
$698.9M
Q2 25
$608.9M
$687.0M
Q1 25
$590.9M
$690.1M
Q4 24
$592.2M
$680.1M
Q3 24
$477.3M
$678.2M
Q2 24
$443.6M
$678.6M

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
XMTR
XMTR
Operating Cash FlowLast quarter
$4.4M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-3.0%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
XMTR
XMTR
Q1 26
Q4 25
$9.9M
$4.4M
Q3 25
$7.0M
$5.8M
Q2 25
$14.4M
$-427.0K
Q1 25
$9.4M
$-3.7M
Q4 24
$7.1M
$9.1M
Q3 24
$9.2M
$-3.6M
Q2 24
$10.7M
$-9.1M
Free Cash Flow
GDYN
GDYN
XMTR
XMTR
Q1 26
Q4 25
$6.1M
$-5.9M
Q3 25
$2.9M
$-1.7M
Q2 25
$10.2M
$-7.4M
Q1 25
$6.0M
$-9.2M
Q4 24
$4.4M
$4.5M
Q3 24
$5.9M
$-8.4M
Q2 24
$8.0M
$-13.5M
FCF Margin
GDYN
GDYN
XMTR
XMTR
Q1 26
Q4 25
5.7%
-3.0%
Q3 25
2.8%
-0.9%
Q2 25
10.1%
-4.5%
Q1 25
6.0%
-6.1%
Q4 24
4.4%
3.1%
Q3 24
6.8%
-6.0%
Q2 24
9.7%
-10.2%
Capex Intensity
GDYN
GDYN
XMTR
XMTR
Q1 26
Q4 25
3.6%
5.3%
Q3 25
3.9%
4.1%
Q2 25
4.1%
4.3%
Q1 25
3.3%
3.6%
Q4 24
2.6%
3.1%
Q3 24
3.7%
3.4%
Q2 24
3.2%
3.3%
Cash Conversion
GDYN
GDYN
XMTR
XMTR
Q1 26
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

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Segment breakdown not available.

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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