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Grid Dynamics Holdings, Inc. (GDYN)
NASDAQ: GDYN · Real-Time Price · USD
7.75
+0.04 (0.52%)
At close: Sep 25, 2026, 4:00 PM EDT
7.50
-0.25 (-3.23%)
After-hours: Sep 25, 2026, 7:30 PM EDT

Grid Dynamics Holdings Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
2.869.674.04-1.77-29.21-7.7
Depreciation & Amortization
25.8624.818.7412.129.655.05
Stock-Based Compensation
25.7730.3434.1735.5260.9733.04
Provision & Write-off of Bad Debts
1.491.032.30.950.130.05
Other Operating Activities
-3.02-8.26-7.1-8.04-3.563.59
Change in Accounts Receivable
-17.77-11.15-9.492.08-9.85-19.53
Change in Accounts Payable
-1.38-0.38-1.5-0.541.730.96
Change in Income Taxes
-1.73-5.620.42-1.845.080.77
Change in Other Net Operating Assets
-0.720.16-11.372.61-3.271.75
Operating Cash Flow
31.3640.630.241.0931.6517.97
Operating Cash Flow Growth
-21.62%34.45%-26.51%29.83%76.11%202.98%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-15.36-15.33-11.77-7.87-6.07-4.72
Cash Acquisitions
-13.850.2-43.07-17.83-9.25-30.65
Investment in Securities
--3.58--1-
Other Investing Activities
-0.2--0.04-0.25--
Investing Cash Flow
-29.41-15.14-51.3-25.95-16.32-35.37

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
----5-
Total Debt Issued
----5-
Short-Term Debt Repaid
-----5-
Total Debt Repaid
-----5-
Issuance of Common Stock
-0.47110.330.51110.97126.46
Repurchase of Common Stock
-36.12-20.15-8.7-16.83-5.76-76.82
Other Financing Activities
-2.12-0.25-0.47--7.46-0.5
Financing Cash Flow
-38.24-19.94101.16-16.3297.7649.13

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2.161.38-2.131.68-0.72-0.12
Net Cash Flow
-38.456.977.930.5112.3731.62

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1625.2718.4333.2225.5813.26
Free Cash Flow Growth
-39.81%37.08%-44.52%29.86%92.98%260.25%
Free Cash Flow Margin
3.79%6.13%5.26%10.62%8.24%6.28%
Free Cash Flow Per Share
0.190.290.230.440.370.23
Levered Free Cash Flow
22.7228.3633.4640.4251.5419.46
Unlevered Free Cash Flow
22.7228.3633.4640.4251.5419.46

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
9.6712.3610.9712.377.472.45
Change in Working Capital
-21.59-16.98-21.942.32-6.32-16.05
SEC Filings: 10-K · 10-Q