GCL Global Holdings Ltd (GCL) Cash Flow Statement
Where GCL’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- −$10.5M
- Capital expenditures
- $1.2M 0.5% of revenue
- Free cash flow
- −$11.6M −4.9% margin
- Returned to shareholders
- —
- Change in cash
- $17.9M cash at year-end $39.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GCL operating cash flow, capex and free cash flow
GCL cash flow trends, FY2022–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$7.6MFY2022 | −$10.5MFY2026 | — | |
| Capital expenditures | $254,400FY2022 | $1.2MFY2026 | +45.9%/yr | |
| Free cash flow | −$7.9MFY2022 | −$11.6MFY2026 | — | |
| Free cash flow margin | −11.9%FY2022 | −4.9%FY2026 | +7.1 pts | |
| Operating cash flow / net income | −1.66FY2022 | −2.04FY2023 | −0.38 | |
| Share buybacks (net) | $0FY2023 | $0FY2025 | — | |
| Capex / revenue | 0.4%FY2022 | 0.5%FY2026 | +0.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GCL cash flow by activity
GCL net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
GCL cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −$25.0M | −$1.0M | −$2.0M | $2.1M | $4.6M |
| Depreciation & amortization | $3.2M | $2.4M | $2.4M | $1.5M | $623,459 |
| Change in working capital | −$1.0M | $1.7M | $761,925 | −$9.0M | −$11.9M |
| Other non-cash items | $12.3M | −$3.7M | −$3.2M | $1.0M | −$956,298 |
| Cash from operating activities | −$10.5M | −$661,325 | −$2.0M | −$4.4M | −$7.6M |
| Investing activities | |||||
| Capital expenditures | −$1.2M | −$5 | −$277,645 | −$538,361 | −$254,400 |
| Investments (net) | — | −$6.3M | −$780,624 | −$615,528 | $1.4M |
| Acquisitions & other investing | $5.9M | $19.3M | $277,645 | $538,361 | $254,400 |
| Cash from investing activities | $4.8M | $13.0M | −$780,624 | −$615,528 | $1.4M |
| Financing activities | |||||
| Share repurchases & issuance (net) | — | $0 | −$163,905 | $0 | — |
| Net borrowing (repayment) | — | $35.9M | $2.6M | $6.4M | $1.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 |
| Other financing | $23.9M | −$48.3M | −$2.3M | −$2.0M | −$578,824 |
| Cash from financing activities | $23.9M | −$12.5M | $135,236 | $4.4M | $550,192 |
| Summary | |||||
| Net change in cash | $17.9M | $17.0M | $502,131 | −$649,884 | −$5.8M |
| Cash at end of period | $39.3M | $40,511 | $4.3M | $3.8M | $4.5M |
| Free cash flow | −$11.6M | −$661,330 | $1.0M | −$4.9M | −$7.9M |
| Free cash flow margin | −4.9% | −0.5% | 1.1% | −6.3% | −11.9% |
| Capex / revenue | 0.5% | 0.0% | 0.3% | 0.7% | 0.4% |
| Operating cash flow / net income | — | — | — | −2.04 | −1.66 |
| Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||
| Net income | $41,123 | −$485,186 | −$100,693 | $41,124 | −$486,540 | $15,207 | −$244,473 | $150,388 | $409,005 | $92,989 | −$169,000 |
| Change in working capital | $222,165 | $387,839 | $339,798 | $227,603 | $360,546 | $152,381 | −$236,183 | $1.1M | $268,108 | $316,597 | −$873,368 |
| Other non-cash items | −$377,014 | −$412,266 | −$386,286 | −$384,548 | −$603,728 | −$480,634 | −$493,308 | −$1.2M | −$954,643 | −$530,821 | −$151,711 |
| Cash from operating activities | −$113,726 | −$509,613 | −$147,181 | −$115,821 | −$729,722 | −$313,046 | −$973,964 | $41,229 | −$277,530 | −$121,235 | −$1.2M |
| Investing activities | |||||||||||
| Capital expenditures | −$13 | −$4 | −$2 | −$1 | −$3 | −$4 | −$4 | −$1 | −$0 | −$4 | −$1 |
| Acquisitions & other investing | −$116,170 | $13.5M | −$74,756 | −$74,999 | $14.8M | −$486,699 | $76.1M | −$118,422 | −$1.2M | $838,063 | $1.1M |
| Cash from investing activities | −$116,183 | $13.5M | −$74,758 | −$75,000 | $14.8M | −$486,703 | $76.1M | −$118,423 | −$1.2M | $838,059 | $1.1M |
| Financing activities | |||||||||||
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $203,136 | −$13.1M | $179,621 | $163,581 | −$13.9M | $519,133 | −$75.1M | $220,000 | $1.2M | −$830,737 | −$1.1M |
| Cash from financing activities | $203,136 | −$13.1M | $179,621 | $163,581 | −$13.9M | $519,133 | −$75.1M | $220,000 | $1.2M | −$830,737 | −$1.1M |
| Summary | |||||||||||
| Cash at end of period | $40,511 | $18,452 | $118,349 | $160,995 | $188,235 | $4,066 | $285,476 | $162,564 | $19,758 | $284,987 | $397,945 |
| Free cash flow | −$113,740 | −$509,610 | −$147,180 | −$115,820 | −$729,720 | −$313,050 | −$973,960 | $41,230 | −$277,530 | −$121,240 | −$1.2M |
| Operating cash flow / net income | −2.77 | — | — | −2.82 | — | −20.59 | — | 0.27 | −0.68 | −1.30 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
GCL cash generation
In fiscal 2026 (ended March 31, 2026), GCL Global generated -$10.5 million of cash from operations and spent $1.2 million on capital expenditures, leaving free cash flow of -$11.6 million, −4.9% of revenue. Cash and equivalents rose by $17.9 million over the year.
Related: GCL income statement, GCL balance sheet. See the GCL stock overview for the latest quote and news.
GCL cash flow FAQ
What is GCL Global's free cash flow?
GCL Global's free cash flow was -$11.6 million in fiscal 2026: -$10.5 million of operating cash flow minus $1.2 million of capital expenditures It was -$0.7 million a year earlier..
How much cash does GCL Global generate from operations?
GCL Global generated -$10.5 million of cash from operating activities in fiscal 2026.
How much does GCL Global spend on capital expenditures?
GCL Global spent $1.2 million on capital expenditures in fiscal 2026, 0.5% of revenue, compared with $0.0 million the year before.