Grid Dynamics Holdings, Inc.

GDYNNASDAQTechnology● Active

$6.47

$-0.08(-1.22%)

Market Cap$541060867

P/E Ratio—

52W High$12.86

52W Low$5.13

Avg Volume1.9M

Open$6.56

Beta0.94

Overview

Grid Dynamics Holdings, Inc. (GDYN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GDYN · free cash flow · updated Jun 8, 2026

Core FCF metrics

GDYN · FCF · TTM · margin & CAGR

Free cash flow was $25.3M for FY2025 (fiscal year ending 2025-12-31), up 37.1% year-over-year The FCF margin was 6.1%. Five-year CAGR stands at +47.0%.

FY2025 Free Cash Flow$25.3M▲ +37.1% YoY

Trailing 12M (TTM)$23.7Mtrailing 4 quarters sum

FCF Margin6.1%$25.3M ÷ revenue

3-Year CAGR-0.4%FY2022 → FY2025

5-Year CAGR+47.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GDYN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$40.6M(15M)$25.3M▲ +37.1%6.1%

FY2024$30.2M(12M)$18.4M▼ 44.5%5.3%

FY2023$41.1M(8M)$33.2M▲ +29.9%10.6%

FY2022$31.7M(6M)$25.6M▲ +93.0%8.2%

FY2021$18.0M(5M)$13.3M▲ +260.2%6.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GDYN · P/FCF · FCF yield · FCF per share

Grid Dynamics Holdings, Inc. (GDYN) trades at a FCF yield of 4.30% and a price-to-free-cash-flow ratio of 23.1x. FCF per share stands at $0.28, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.30%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.28

TTM FCF ÷ Shares Outstanding

Price / FCF

x23.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GDYN · cash flow statement · operating / investing / financing

For FY2025, Grid Dynamics Holdings, Inc. generated $40.6M in operating cash flow and spent 15M in capital expenditures, yielding $25.3M in free cash flow.

Operating Activities

+$40.6M

Cash from core business operations

2025-12-31

Investing Activities

−$15.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$19.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($40.6M) − |CapEx| (15M) = FCF ($25.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

GDYN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Grid Dynamics Holdings, Inc.YOU

GDYN

$25.3M+37.1%6.1%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Grid Dynamics Holdings, Inc. (GDYN) reported free cash flow of $25.3M for FY2025 (fiscal year ending 2025-12-31), up 37.1% year-over-year. The FCF margin was 6.1%.

Based on available data, Grid Dynamics Holdings, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $33.2M in FY2023. The 5-year CAGR stands at +47.0%.

Grid Dynamics Holdings, Inc.'s FCF yield is 4.30% and price-to-FCF ratio is 23.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GDYN free cash flow · 8 questions

Grid Dynamics Holdings, Inc. free cash flow was $25.3M for FY2025, up 37.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $23.7M.

GDYN free cash flowGDYN FCFGDYN FCF 2025GDYN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Grid Dynamics Holdings, Inc. · Grid Dynamics Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026