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Grid Dynamics Holdings, Inc. (GDYN)
NASDAQ: GDYN · Real-Time Price · USD
13.10
-0.44 (-3.25%)
At close: Nov 6, 2026, 4:00 PM EST
13.11
+0.01 (0.08%)
After-hours: Nov 6, 2026, 7:30 PM EST

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
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
7.859.674.04-1.77-29.21-7.7
Depreciation & Amortization
26.9124.818.7412.129.655.05
Stock-Based Compensation
24.7230.3434.1735.5260.9733.04
Provision & Write-off of Bad Debts
1.021.032.30.950.130.05
Other Operating Activities
-3.56-8.26-7.1-8.04-3.563.59
Change in Accounts Receivable
-12.54-11.15-9.492.08-9.85-19.53
Change in Accounts Payable
-1.15-0.38-1.5-0.541.730.96
Change in Income Taxes
4.16-5.620.42-1.845.080.77
Change in Other Net Operating Assets
-7.020.16-11.372.61-3.271.75
Operating Cash Flow
40.4140.630.241.0931.6517.97
Operating Cash Flow Growth
6.97%34.45%-26.51%29.83%76.11%202.98%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-14.09-15.33-11.77-7.87-6.07-4.72
Cash Acquisitions
-14.050.2-43.07-17.83-9.25-30.65
Investment in Securities
--3.58--1-
Other Investing Activities
---0.04-0.25--
Investing Cash Flow
-28.15-15.14-51.3-25.95-16.32-35.37

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '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
0.060.47110.330.51110.97126.46
Repurchase of Common Stock
-42.51-20.15-8.7-16.83-5.76-76.82
Other Financing Activities
-2.12-0.25-0.47--7.46-0.5
Financing Cash Flow
-44.57-19.94101.16-16.3297.7649.13

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-1.961.38-2.131.68-0.72-0.12
Net Cash Flow
-34.276.977.930.5112.3731.62

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
26.3125.2718.4333.2225.5813.26
Free Cash Flow Growth
11.52%37.08%-44.52%29.86%92.98%260.25%
Free Cash Flow Margin
6.08%6.13%5.26%10.62%8.24%6.28%
Free Cash Flow Per Share
0.310.290.230.440.370.23
Levered Free Cash Flow
36.5228.3633.4640.4251.5419.46
Unlevered Free Cash Flow
36.5228.3633.4640.4251.5419.46

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
8.512.3610.9712.377.472.45
Change in Working Capital
-16.54-16.98-21.942.32-6.32-16.05
SEC Filings: 10-K · 10-Q