Grid Dynamics Holdings, Inc.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-817.0K | $-3.9M | $2.9M | $676.0K | $2.6M | $-8.0M | $-6.7M | $-6.7M |
| Depreciation & Amortization | $3.2M | $2.9M | $2.7M | $2.5M | $2.1M | $1.6M | $1.7M | $1.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $7.5M | $11.3M | $7.8M | $7.3M | $7.2M | $13.3M | $18.4M | $17.6M |
| Net Cash from Operating Activities | $10.7M | $3.2M | $7.6M | $11.0M | $10.9M | $11.7M | $12.0M | $4.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.7M | $3.2M | $2.3M | $1.8M | $2.2M | $1.6M | $1.7M | $1.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-2.9M | $-3.9M | $-2.5M | $-1.8M | $-20.0M | $-1.6M | $-10.9M | $-1.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-912.0K | $-7.0M | $-1.9M | $-1.0M | $-4.5M | $-8.9M | $-745.0K | $102.9M |
| Net Change in Cash | $6.6M | $-7.8M | $3.5M | $7.5M | $-12.2M | $1.6M | $1.5M | $105.2M |
| Free Cash Flow | $8.0M | $43.0K | $5.3M | $9.1M | $8.7M | $10.1M | $10.3M | $3.1M |