Grid Dynamics Holdings (GDYN) Cash from Operations (2018 - 2026)
Grid Dynamics Holdings' Cash from Operations came in at $6.1 million for Q2 2026, down 57.6% from $14.38 million a year earlier and down 27.3% from the prior quarter.
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Analysis
Grid Dynamics Holdings (GDYN) Cash from Operations (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Grid Dynamics Holdings reported Cash from Operations of $31.36 million, down 21.6% year-over-year; for FY2025, it came in at $40.6 million, up 34.4% from FY2024.
- Cash from Operations carries a five-year compound annual growth rate of 46.9% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $30.2 million in FY2024 (-26.5%), $41.09 million in FY2023 (+29.8%), $31.65 million in FY2022 (+76.1%) and $17.97 million in FY2021 (+203.0%).
- The Q2 2026 figure represents the lowest quarterly Cash from Operations since Q1 2024.
- Year-over-year, Cash from Operations increased in three of the last eight quarters, with growth averaging 18.6%.
- The fastest year-over-year change in Cash from Operations over five years came in Q4 2022 (growth of 262.1%), and the weakest in Q1 2024 (a decline of 72.2%).
- Business Quant data shows GDYN's Cash from Operations at $8.39 million (Q1 2026), $9.9 million (Q4 2025) and $6.97 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.52 Bn | 43.57 Bn | 1.60 Bn | 1.26 Bn |
| 2 | Cognizant Technology Solutions | 25.96 Bn | 19.13 Bn | 1.83 Bn | 558.00 Mn |
| 3 | Td Synnex | 20.53 Bn | 14.56 Bn | 1.34 Bn | -265.61 Mn |
| 4 | Cdw | 16.06 Bn | 14.05 Bn | 1.32 Bn | -55.10 Mn |
| 5 | Cgi | 15.14 Bn | 12.92 Bn | - | 437.03 Mn |
| 6 | Arrow Electronics | 11.55 Bn | 10.58 Bn | 1.13 Bn | 318.35 Mn |
| 7 | Avnet | 8.20 Bn | 7.38 Bn | 865.03 Mn | -290.74 Mn |
| 8 | Ingram Micro Holding | 6.32 Bn | 1.92 Bn | 958.68 Mn | -533.22 Mn |
| 9 | EPAM Systems | 5.59 Bn | 1.23 Bn | 429.57 Mn | -2.42 Mn |
| 10 | Grid Dynamics Holdings | 638.86 Mn | -667.64 Mn | 39.62 Mn | 6.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.10 Mn |
| Mar 31, 2026 | 8.39 Mn |
| Dec 31, 2025 | 9.90 Mn |
| Sep 30, 2025 | 6.97 Mn |
| Jun 30, 2025 | 14.38 Mn |
| Mar 31, 2025 | 9.35 Mn |
| Dec 31, 2024 | 7.07 Mn |
| Sep 30, 2024 | 9.21 Mn |
| Jun 30, 2024 | 10.68 Mn |
| Mar 31, 2024 | 3.24 Mn |
| Dec 31, 2023 | 7.56 Mn |
| Sep 30, 2023 | 10.96 Mn |
| Jun 30, 2023 | 10.91 Mn |
| Mar 31, 2023 | 11.67 Mn |
| Dec 31, 2022 | 12.01 Mn |
| Sep 30, 2022 | 4.32 Mn |
| Jun 30, 2022 | 5.81 Mn |
| Mar 31, 2022 | 9.52 Mn |
| Dec 31, 2021 | 3.32 Mn |
| Sep 30, 2021 | 8.01 Mn |
API Access
Grid Dynamics Holdings Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();