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Grid Dynamics free cash flow GDYN

Cash from operations less capital spending, by quarter and over the last twelve months, from 2019.

Last 12 months, to Jun 30, 2026
$16M
Latest quarter, Q2 FY26
$2.5M
−75% on a year earlier
Fiscal year 2025
$25.3M
+37% on the year before

Grid Dynamics' free cash flow was $16M over the twelve months to Jun 30, 2026, down 40% on a year earlier.

In its latest quarter, Q2 FY26, it was $2.5M, down 75% on the same quarter a year before.

Over the five fiscal years to FY2025 it grew 47% a year on average.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025$25.3M+37%
FY2024$18.4M−45%
FY2023$33.2M+30%
FY2022$25.6M+93%
FY2021$13.3M+260%
FY2020$3.7M−62%
FY2019$9.7Mn/a

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26$2.5M−75%$16M
Q1 FY26$4.4M−26%$23.7M
Q4 FY25$6.1M+38%$25.3M
Q3 FY25$2.9M−50%$23.6M
Q2 FY25$10.2M+27%$26.6M
Q1 FY25$6M+13881%$24.4M
Q4 FY24$4.4M−16%$18.4M
Q3 FY24$5.9M−35%$19.3M
Q2 FY24$8M−8%$22.5M
Q1 FY24$43K−100%$23.2M
Q4 FY23$5.3M−49%$33.2M
Q3 FY23$9.1M+190%$38.3M

Against its peers

Companies in Software - Infrastructure nearest Grid Dynamics' size, closest first, today.

CompanyFree cash flow yield
GDYNGrid Dynamics2.3%
CCSIConsensus Cloud Solutions16.8%
OSPNOneSpan5.4%
RPDRapid714.4%
IIIVi3 Verticals10.9%
RDVTRed Violet2.6%
XZOExzeo5.3%
CXMSprinklr8.2%
EVCMEverCommerce6.4%
MKTWMarketwise15.4%
PDFSPDF Solutions−0.1%
Peer median7.3%

Where Grid Dynamics ranks

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on Grid Dynamics

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.