GridAI Technologies Corp. (GRDX) Cash Flow Statement
Where GRDX’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$5.7M
- Capital expenditures
- $4 0.0% of revenue
- Free cash flow
- −$5.7M −15,731.5% margin
- Returned to shareholders
- $337,240
- Change in cash
- $714,792 cash at year-end $899,784
Drawn to scale: where the cash came from and how it was used. Hover for values.
GRDX operating cash flow, capex and free cash flow
GRDX cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$4.5M2016 | −$5.7M2025 | — | |
| Capital expenditures | $12,3552016 | $42025 | −59.1%/yr | |
| Free cash flow | −$4.5M2016 | −$5.7M2025 | — | |
| Stock-based compensation | $1.1M2017 | $733,9502025 | −4.9%/yr | |
| Dividends paid | $240,9652024 | $337,2402025 | +40.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRDX cash flow by activity
GRDX 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).
GRDX cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$6.6M | −$18.1M | −$15.8M | −$14.6M | −$58.5M | −$32.7M | −$15,177 | −$13.5M | −$11.1M | −$5,631 |
| Depreciation & amortization | $574,713 | $48,946 | $29,274 | $29,271 | $542,255 | $565,345 | $635 | $798,446 | $753,998 | $734,500 |
| Stock-based compensation | $733,950 | $631,555 | $1.0M | $769,124 | $1.4M | $549,425 | $1,391 | $2.5M | $1.1M | — |
| Change in working capital | −$344,232 | $2.5M | $2.2M | −$10.5M | $17.1M | $14.2M | −$1.7M | −$1.7M | −$268,205 | $704,874 |
| Other non-cash items | −$113,677 | $5.6M | $157,022 | $2.0M | $7.2M | $6.2M | −$12.3M | $1.1M | $2.3M | −$6.0M |
| Cash from operating activities | −$5.7M | −$9.2M | −$12.4M | −$22.3M | −$32.3M | −$11.2M | −$14.0M | −$10.9M | −$7.2M | −$4.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$4 | $0 | −$500,000 | $0 | −$10.3M | −$4,167 | −$24,098 | −$305,473 | −$32,168 | −$12,355 |
| Acquisitions & other investing | $323,486 | $88,169 | $0 | — | $0 | $91,517 | $0 | $0 | $0 | $0 |
| Cash from investing activities | $323,482 | $88,169 | −$500,000 | — | −$10.3M | $87,350 | −$24,098 | −$305,473 | −$32,168 | −$12,355 |
| Financing activities | ||||||||||
| Dividends paid | −$337,240 | −$240,965 | — | — | — | — | — | — | — | — |
| Net borrowing (repayment) | $3.0M | −$644,582 | −$603,494 | −$641,236 | $88,831 | — | — | — | — | — |
| Shares issued | $3.5M | $6.2M | $15.8M | $23.2M | $39.8M | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$246,312 | $241,010 | $657 | −$6.9M | $4.9M | $17.0M | $13.1M | $11.7M | $6.0M | $5.7M |
| Cash from financing activities | $5.9M | $5.6M | $15.2M | $15.7M | $44.8M | $17.0M | $13.1M | $11.7M | $6.0M | $5.7M |
| Summary | ||||||||||
| Net change in cash | $714,792 | −$3.5M | $2.3M | −$6.9M | $2.2M | $5.9M | −$938,547 | $540,872 | −$1.2M | $1.2M |
| Cash at end of period | $899,784 | $184,992 | $3.7M | $1.4M | $8.2M | $6.1M | $175,796 | $1.1M | $573,471 | $1.8M |
| Free cash flow | −$5.7M | −$9.2M | −$12.9M | −$22.3M | −$42.6M | −$11.2M | −$38,131 | −$11.2M | −$7.2M | −$4.5M |
| Free cash flow margin | −15,731.5% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 0.0% | — | — | — | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$13.0M | −$3.4M | −$3.0M | −$1.2M | −$674,931 | −$1.3M | −$12.2M | −$2.6M | $5.6M | −$4.1M | −$3.4M | −$4.2M |
| Depreciation & amortization | $574,713 | $574,713 | $574,713 | $0 | $0 | −$34 | $0 | $1,336 | $12,293 | $7,319 | $7,318 | $7,319 |
| Stock-based compensation | $582,458 | $742,292 | $733,950 | $0 | $0 | $44,659 | $44,659 | $183,646 | $271,360 | $126,122 | $263,330 | $292,704 |
| Change in working capital | −$43,778 | −$1,324 | −$1.9M | $297,123 | $943,392 | $314,232 | $1.4M | $530,172 | $451,147 | $494,528 | −$259,797 | $1.1M |
| Other non-cash items | $10.4M | $336,270 | −$401,353 | −$1 | −$323,339 | $82,128 | $10.6M | $17,328 | −$10.0M | $33,593 | $92,095 | $15,806 |
| Cash from operating activities | −$1.5M | −$1.8M | −$4.0M | −$855,688 | −$54,878 | −$818,635 | −$171,518 | −$1.8M | −$3.7M | −$3.4M | −$3.3M | −$2.8M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | −$5 | $0 | $0 | −$4 | −$500,000 | $0 | $0 |
| Acquisitions & other investing | — | −$12,945 | — | $336,427 | — | — | — | — | $88,173 | $0 | — | — |
| Cash from investing activities | — | −$12,945 | — | $336,427 | — | — | — | — | $88,169 | −$500,000 | — | — |
| Financing activities | ||||||||||||
| Dividends paid | −$82,165 | −$164,330 | — | −$90,744 | −$163,428 | −$240,965 | — | — | — | — | — | — |
| Net borrowing (repayment) | −$700,000 | $999,000 | $2.3M | $0 | $0 | $700,000 | −$31,798 | −$177,563 | — | — | — | — |
| Shares issued | $0 | $0 | $447,935 | $3.0M | $0 | $0 | $1.7M | $0 | $0 | $0 | $0 | $0 |
| Other financing | $3.5M | $618,958 | −$583,552 | $90,744 | $163,428 | $240,965 | −$1.7M | $1.7M | $3.4M | $4.4M | $5.4M | $1.9M |
| Cash from financing activities | $2.7M | $1.5M | $2.2M | $3.0M | $0 | $700,000 | −$31,798 | $1.6M | $3.4M | $4.4M | $5.4M | $1.9M |
| Summary | ||||||||||||
| Net change in cash | $994,179 | −$514,242 | −$1.6M | $2.5M | −$54,878 | −$104,124 | −$203,316 | −$295,687 | −$279,857 | $419,444 | $2.1M | −$828,380 |
| Cash at end of period | $1.4M | $385,542 | $899,784 | $2.5M | $4,474 | $59,352 | $184,992 | $388,308 | $3.5M | $3.7M | $3.3M | $1.3M |
| Free cash flow | −$1.5M | −$1.8M | −$4.0M | −$855,688 | −$54,880 | −$818,635 | −$171,518 | −$1.8M | −$3.7M | −$3.9M | −$3.3M | −$2.8M |
| Free cash flow margin | −1,752.3% | −4,676.4% | −10,961.4% | — | — | −854.7% | — | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | — | 0.0% | — | — | — | — | — | — |
| Operating cash flow / net income | — | — | — | — | — | — | — | — | −0.67 | — | — | — |
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.
GRDX cash generation
In fiscal 2025 (ended December 31, 2025), GridAI Technologies generated -$5.7 million of cash from operations and spent $0.0 million on capital expenditures, leaving free cash flow of -$5.7 million, −15,731.5% of revenue. It returned $0.3 million to shareholders through dividends ($0.3 million) and net share buybacks ($0). Cash and equivalents rose by $0.7 million over the year.
Related: GRDX income statement, GRDX balance sheet. See the GRDX stock overview for the latest quote and news.
GRDX cash flow FAQ
What is GridAI Technologies's free cash flow?
GridAI Technologies's free cash flow was -$5.7 million in fiscal 2025: -$5.7 million of operating cash flow minus $0.0 million of capital expenditures It was -$9.2 million a year earlier..
How much cash does GridAI Technologies generate from operations?
GridAI Technologies generated -$5.7 million of cash from operating activities in fiscal 2025.
How much does GridAI Technologies spend on capital expenditures?
GridAI Technologies spent $0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue.
How much does GridAI Technologies pay in dividends?
GridAI Technologies paid $0.3 million in dividends in fiscal 2025.