Grid Dynamics Holdings, Inc. (GDYN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 8.39M | 9.9M | 6.97M | 14.38M | 9.35M | 7.07M | 9.21M | 10.68M | 3.24M | 7.56M | 10.96M | 10.9M | 11.67M | 11.94M | 4.32M | 5.6M | 9.52M | 3.32M | 8.01M | 3.61M |
| Operating CF Margin % | 8.06% | 9.32% | 6.69% | 14.22% | 9.31% | 7.05% | 10.54% | 12.86% | 4.06% | 9.68% | 14.15% | 14.1% | 14.58% | 14.82% | 5.32% | 7.25% | 13.33% | 4.99% | 13.82% | 7.56% |
| Operating CF Growth % | -10.27% | 40.01% | -24.31% | 34.68% | 188.61% | -6.46% | -15.92% | -2.09% | -72.25% | -36.74% | 153.83% | 94.59% | 22.66% | 259.98% | -46.07% | 55.41% | 212.65% | 13.09% | 104.26% | 83.51% |
| Net Income | -1.47M | 306K | 1.18M | 16.85M | 2.91M | 4.52M | 4.28M | -817K | -3.95M | 2.9M | 676K | 2.63M | -7.97M | -6.7M | -6.66M | -13.19M | -2.67M | -3.61M | -549K | -1.48M |
| Depreciation & Amortization | 6.51M | 6.39M | 6.33M | 12.09M | 5.96M | 5.86M | 4.61M | 4.36M | 3.91M | 2.67M | 3.35M | 2.9M | 2.29M | 2.52M | 2.41M | 2.49M | 1.59M | 1.53M | 1.42M | 1.15M |
| Stock-Based Compensation | 8.45M | 6.53M | 6.36M | 17.46M | 10.74M | 8.2M | 7.14M | 7.49M | 11.34M | 7.84M | 7.27M | 7.15M | 13.26M | 0 | 17.55M | 0 | 0 | 11.58M | 9.11M | 6.67M |
| Deferred Taxes | -583K | -1.16M | 1.17M | -1.35M | -267K | -2.52M | -337K | -267K | -912K | -1.69M | -1.25M | -280K | -923K | -2.6M | -301K | -644K | -87K | -52K | 1.55M | 2.31M |
| Other Non-Cash Items | -22K | 106K | -82K | -32.64M | -1.28M | -957K | -41K | 429K | -201K | 1.39M | -1.05M | -2.44M | 43K | 18.35M | -3K | 16.29M | 9.34M | 62K | 188K | 22K |
| Working Capital Changes | -4.49M | -2.27M | -7.97M | 1.97M | -8.71M | -8.04M | -6.44M | -515K | -6.95M | -5.56M | 1.96M | 943K | 4.97M | 371K | -8.69M | 655K | 1.34M | -6.19M | -3.71M | -5.07M |
| Change in Receivables | -8.22M | 3.23M | -5.62M | 3.96M | -12.72M | 191K | -6.86M | 2.4M | -5.21M | 508K | 1.98M | 3.13M | -3.53M | 1.41M | -5.69M | -2.14M | -3.44M | -7.72M | -1.77M | -5.77M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.35M | 0 |
| Change in Payables | 626K | -1.87M | -745K | 1.68M | 563K | -763K | 104K | -116K | -728K | -67K | -1.66M | 1.88M | -691K | -696K | 1.08M | 1.18M | 159K | 281K | -717K | -183K |
| Cash from Investing | -3.96M | -3.8M | -4.03M | -3.97M | -3.34M | -9.99M | -34.47M | -2.91M | -3.94M | -2.53M | -1.84M | -19.99M | -1.59M | -10.94M | -1.17M | -2.56M | -1.65M | -1.76M | -1.08M | -31.67M |
| Capital Expenditures | -3.96M | -3.8M | -4.03M | -7.51M | -3.34M | -2.64M | -3.28M | -2.65M | -3.2M | -2.28M | -1.84M | -2.16M | -1.59M | -1.69M | -1.17M | -1.56M | -1.65M | -1.7M | -1.08M | -1.09M |
| CapEx % of Revenue | 3.8% | 3.58% | 3.87% | 7.43% | 3.33% | 2.63% | 3.75% | 3.19% | 4.01% | 2.92% | 2.38% | 2.8% | 1.98% | 2.09% | 1.44% | 2.02% | 2.31% | 2.56% | 1.86% | 2.28% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -10.93M | -32.14M | 0 | 0 | 0 | 0 | -17.83M | 0 | -9.25M | 0 | 0 | 0 | -65K | 0 | -30.59M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 3.54M | 0 | 0 | 951K | -256K | -739K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -17.58M | -2.45M | -631K | -1.02M | -15.84M | 108.93M | 142K | -912K | -7M | -1.85M | -1.02M | -4.51M | -8.94M | -676K | 102.89M | -5.55M | 1.36M | -56.44M | 124.48M | -3.77M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.81M | 4.81M | 0 | 0 | 0 |
| Equity Issued (Net) | -11.46M | -2M | 0 | 68K | 401K | 108.99M | 244K | 52K | 571K | 19K | 491K | -10K | 10K | 288K | 109.6M | 538K | 292K | -1.12M | 127.12M | -211K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -11.46M | -2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -6.11M | -453K | -631K | -1.09M | -16.24M | -62K | -102K | -964K | -7.57M | -1.87M | -1.51M | -4.5M | -8.95M | -964K | -6.71M | -1.28M | -3.73M | -55.32M | -2.64M | -3.56M |
| Net Change in Cash | -14.59M | 3.5M | 1.67M | 10.89M | -9.17M | 103.89M | -24.78M | 6.61M | -7.79M | 3.51M | 7.54M | -12.19M | 1.64M | 1.54M | 105.17M | -3.29M | 8.94M | -54.93M | 131.32M | -31.88M |
| Free Cash Flow | 4.43M | 6.1M | 2.95M | 10.21M | 6.01M | 4.43M | 5.93M | 8.03M | 43K | 5.28M | 9.12M | 8.74M | 10.09M | 10.26M | 3.15M | 4.04M | 7.86M | 1.62M | 6.93M | 2.52M |
| FCF Margin % | 4.26% | 5.75% | 2.83% | 10.1% | 5.99% | 4.42% | 6.79% | 9.67% | 0.05% | 6.76% | 11.78% | 11.3% | 12.59% | 12.73% | 3.88% | 5.23% | 11.01% | 2.43% | 11.96% | 5.28% |
| FCF Growth % | -26.3% | 37.74% | -50.35% | 27.19% | 13881.4% | -16.12% | -34.91% | -8.18% | -99.57% | -48.53% | 189.55% | 116.15% | 28.24% | 533.87% | -54.55% | 60.67% | 258.6% | -29.31% | 102.48% | 62.7% |
| FCF per Share | 0.05 | 0.07 | 0.03 | 0.12 | 0.07 | 0.05 | 0.08 | 0.10 | 0.00 | 0.07 | 0.12 | 0.11 | 0.14 | 0.14 | 0.05 | 0.06 | 0.12 | 0.02 | 0.11 | 0.05 |
| FCF Conversion (FCF/Net Income) | -5.70x | 32.34x | 5.92x | 2.73x | 3.21x | 1.56x | 2.15x | -13.07x | -0.82x | 2.60x | 16.21x | 4.15x | -1.46x | -1.78x | -0.65x | -0.42x | -3.57x | -0.92x | -14.58x | -2.43x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 2M | 0 | 3.3M | 3.75M | 2.8M | 0 | 2.75M | 3.74M | 2.5M | 2.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 253K | 0 |