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GRID DYNAMICS HOLDINGS, INC.（GDYN）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
GRID DYNAMICS HOLDINGS, INC.的季度营收约是Repay Holdings Corp的1.4倍（$106.2M vs $78.6M），GRID DYNAMICS HOLDINGS, INC.净利率更高（0.3% vs -178.3%，领先178.6%），GRID DYNAMICS HOLDINGS, INC.同比增速更快（5.9% vs 0.4%），Repay Holdings Corp自由现金流更多（$23.2M vs $6.1M），过去两年GRID DYNAMICS HOLDINGS, INC.的营收复合增速更高（15.3% vs -1.3%）
Escape Dynamics Inc.是一家总部位于科罗拉多州的科技企业，活跃于2010年至2015年，核心业务方向是研发可单级入轨、依靠电磁驱动的可重复使用航天飞机，并推动该项目实现商业化落地。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
GDYN vs RPAY — 直观对比
营收规模更大
GDYN
是对方的1.4倍
$78.6M
营收增速更快
GDYN
高出5.5%
0.4%
净利率更高
GDYN
高出178.6%
-178.3%
自由现金流更多
RPAY
多$17.1M
$6.1M
两年增速更快
GDYN
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $106.2M | $78.6M |
| 净利润 | $306.0K | $-140.1M |
| 毛利率 | 34.0% | 74.2% |
| 营业利润率 | 0.5% | -182.2% |
| 净利率 | 0.3% | -178.3% |
| 营收同比 | 5.9% | 0.4% |
| 净利润同比 | -93.2% | -3304.1% |
| 每股收益（稀释后） | $0.01 | $-1.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GDYNRPAY
| Q4 25 | $106.2M | $78.6M | ||
| Q3 25 | $104.2M | $77.7M | ||
| Q2 25 | $101.1M | $75.6M | ||
| Q1 25 | $100.4M | $77.3M | ||
| Q4 24 | $100.3M | $78.3M | ||
| Q3 24 | $87.4M | $79.1M | ||
| Q2 24 | $83.0M | $74.9M | ||
| Q1 24 | $79.8M | $80.7M |
净利润GDYNRPAY
| Q4 25 | $306.0K | $-140.1M | ||
| Q3 25 | $1.2M | $-6.4M | ||
| Q2 25 | $5.3M | $-102.3M | ||
| Q1 25 | $2.9M | $-7.9M | ||
| Q4 24 | $4.5M | $-4.1M | ||
| Q3 24 | $4.3M | $3.2M | ||
| Q2 24 | $-817.0K | $-4.1M | ||
| Q1 24 | $-3.9M | $-5.2M |
毛利率GDYNRPAY
| Q4 25 | 34.0% | 74.2% | ||
| Q3 25 | 33.3% | 74.4% | ||
| Q2 25 | 34.1% | 75.7% | ||
| Q1 25 | 36.8% | 75.9% | ||
| Q4 24 | 36.9% | 76.3% | ||
| Q3 24 | 37.4% | 77.8% | ||
| Q2 24 | 35.6% | 78.2% | ||
| Q1 24 | 34.7% | 76.2% |
营业利润率GDYNRPAY
| Q4 25 | 0.5% | -182.2% | ||
| Q3 25 | -0.2% | -3.9% | ||
| Q2 25 | -0.1% | -138.7% | ||
| Q1 25 | -2.0% | -4.7% | ||
| Q4 24 | 1.3% | -1.5% | ||
| Q3 24 | 2.4% | -0.9% | ||
| Q2 24 | 0.0% | -4.6% | ||
| Q1 24 | -6.9% | -3.1% |
净利率GDYNRPAY
| Q4 25 | 0.3% | -178.3% | ||
| Q3 25 | 1.1% | -8.3% | ||
| Q2 25 | 5.2% | -135.2% | ||
| Q1 25 | 2.9% | -10.3% | ||
| Q4 24 | 4.5% | -5.3% | ||
| Q3 24 | 4.9% | 4.1% | ||
| Q2 24 | -1.0% | -5.4% | ||
| Q1 24 | -4.9% | -6.5% |
每股收益（稀释后）GDYNRPAY
| Q4 25 | $0.01 | $-1.68 | ||
| Q3 25 | $0.01 | $-0.08 | ||
| Q2 25 | $0.06 | $-1.15 | ||
| Q1 25 | $0.03 | $-0.09 | ||
| Q4 24 | $0.06 | $-0.04 | ||
| Q3 24 | $0.05 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.04 | ||
| Q1 24 | $-0.05 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $342.1M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $542.1M | $484.4M |
| 总资产 | $612.9M | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资GDYNRPAY
| Q4 25 | $342.1M | $115.7M | ||
| Q3 25 | $338.6M | $95.7M | ||
| Q2 25 | $336.8M | $162.6M | ||
| Q1 25 | $325.5M | $165.5M | ||
| Q4 24 | $334.7M | $189.5M | ||
| Q3 24 | $231.3M | $168.7M | ||
| Q2 24 | $256.0M | $147.1M | ||
| Q1 24 | $249.4M | $128.3M |
总债务GDYNRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益GDYNRPAY
| Q4 25 | $542.1M | $484.4M | ||
| Q3 25 | $537.7M | $616.9M | ||
| Q2 25 | $532.2M | $633.7M | ||
| Q1 25 | $517.4M | $755.7M | ||
| Q4 24 | $517.8M | $761.3M | ||
| Q3 24 | $400.2M | $754.7M | ||
| Q2 24 | $388.4M | $815.4M | ||
| Q1 24 | $382.8M | $813.8M |
总资产GDYNRPAY
| Q4 25 | $612.9M | $1.2B | ||
| Q3 25 | $613.2M | $1.3B | ||
| Q2 25 | $608.9M | $1.4B | ||
| Q1 25 | $590.9M | $1.5B | ||
| Q4 24 | $592.2M | $1.6B | ||
| Q3 24 | $477.3M | $1.6B | ||
| Q2 24 | $443.6M | $1.5B | ||
| Q1 24 | $435.3M | $1.5B |
负债/权益比GDYNRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.9M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $6.1M | $23.2M |
| 自由现金流率自由现金流/营收 | 5.7% | 29.6% |
| 资本支出强度资本支出/营收 | 3.6% | 0.1% |
| 现金转化率经营现金流/净利润 | 32.34× | — |
| 过去12个月自由现金流最近4个季度 | $25.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流GDYNRPAY
| Q4 25 | $9.9M | $23.3M | ||
| Q3 25 | $7.0M | $32.2M | ||
| Q2 25 | $14.4M | $33.1M | ||
| Q1 25 | $9.4M | $2.5M | ||
| Q4 24 | $7.1M | $34.3M | ||
| Q3 24 | $9.2M | $60.1M | ||
| Q2 24 | $10.7M | $31.0M | ||
| Q1 24 | $3.2M | $24.8M |
自由现金流GDYNRPAY
| Q4 25 | $6.1M | $23.2M | ||
| Q3 25 | $2.9M | $32.1M | ||
| Q2 25 | $10.2M | $33.0M | ||
| Q1 25 | $6.0M | $2.4M | ||
| Q4 24 | $4.4M | $34.0M | ||
| Q3 24 | $5.9M | $59.8M | ||
| Q2 24 | $8.0M | $30.5M | ||
| Q1 24 | $43.0K | $24.7M |
自由现金流率GDYNRPAY
| Q4 25 | 5.7% | 29.6% | ||
| Q3 25 | 2.8% | 41.3% | ||
| Q2 25 | 10.1% | 43.6% | ||
| Q1 25 | 6.0% | 3.0% | ||
| Q4 24 | 4.4% | 43.5% | ||
| Q3 24 | 6.8% | 75.6% | ||
| Q2 24 | 9.7% | 40.7% | ||
| Q1 24 | 0.1% | 30.6% |
资本支出强度GDYNRPAY
| Q4 25 | 3.6% | 0.1% | ||
| Q3 25 | 3.9% | 0.2% | ||
| Q2 25 | 4.1% | 0.1% | ||
| Q1 25 | 3.3% | 0.2% | ||
| Q4 24 | 2.6% | 0.3% | ||
| Q3 24 | 3.7% | 0.3% | ||
| Q2 24 | 3.2% | 0.6% | ||
| Q1 24 | 4.0% | 0.1% |
现金转化率GDYNRPAY
| Q4 25 | 32.34× | — | ||
| Q3 25 | 5.92× | — | ||
| Q2 25 | 2.73× | — | ||
| Q1 25 | 3.21× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 2.15× | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
