Gorilla Technology Group (GRRR) Cash Flow: Operating & Free Cash Flow

Gorilla Technology Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Gorilla Technology Group Inc. (GRRR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	-10.94	-66.11	-66.11	13.50	17.01	-87.11	-87.11	-8.79	-5.92	-0.56
Depreciation & Amortization	1.31	1.40	1.40	1.25	1.25	7.63	7.63	8.75	5.31	6.42
Deferred Income Tax	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	-0.25
Stock Based Compensation	5.04	0.95	0.95	0.70	0.90	0.35	0.35	0.38	0.14	0.25
Change in Working Capital	-44.20	-48.36	-48.36	-34.61	-34.61	1.29	1.29	0.87	-5.64	4.81
Change in Accounts Receivable	-76.00	-42.97	-42.97	-32.43	-32.43	3.58	3.87	-1.77	-6.03	-0.90
Change in Inventory	0.01	0.02	0.02	0.05	0.05	0.08	0.08	-0.06	0.07	-0.03
Change in Accounts Payable	17.03	14.65	14.65	4.63	3.98	-1.38	-1.37	1.34	3.10	1.45
Change in Other Working Capital	-2.75	-20.05	-0.84	-6.86	-0.22	-1.00	69.79	-0.28	-2.77	4.29
Other Operating Activities	-2.75	82.47	-0.84	9.75	-0.22	69.07	69.79	0.87	0.23	0.44
Net Cash from Operating Activities	-28.66	-29.65	-29.65	-9.43	-9.43	-8.77	-8.77	1.62	-1.95	11.10
Investing Activities
Capital Expenditures	-0.67	-1.46	-1.46	-3.82	-3.82	-3.01	-3.01	-7.50	-4.12	-11.14
Acquisitions	0.00	0.00	-	0.01	-	0.00	-	0.00	0.00	-3.37
Purchases of Investments	-17.75	-0.59	-0.59	-34.60	-34.60	-1.11	-1.11	-1.44	-2.22	-1.98
Sales/Maturities of Investments	24.38	18.07	18.07	0.00	-3.52	2.19	2.19	0.14	-1.40	2.29
Other Investing Activities	-0.55	-0.30	17.14	-3.80	-34.89	0.00	0.00	-0.07	0.01	3.82
Net Cash from Investing Activities	5.46	16.64	16.64	-38.69	-38.69	-1.93	-1.93	-9.91	-7.73	-10.38
Financing Activities
Debt Repayment	-23.62	-2.43	-12.69	1.20	-28.42	-1.54	-25.08	-4.93	-0.93	0.39
Common Stock Issued	44.27	24.38	11.29	0.87	5.25	32.32	32.32	0.14	0.11	0.00
Common Stock Repurchased	-3.50	-3.63	-3.63	0.00	-	0.00	-	0.00	0.00	0.00
Other Financing Activities	-6.52	9.65	-0.18	27.66	-0.02	-7.17	-0.29	-0.03	0.11	0.00
Net Cash from Financing Activities	101.19	27.98	27.98	29.73	29.73	23.61	23.61	5.99	3.88	0.39
Summary
Effect of Forex Changes on Cash	-0.16	1.43	1.43	0.70	0.70	0.14	0.14	0.09	0.32	0.13
Net Change in Cash	77.83	16.39	16.39	-17.69	-17.69	13.05	13.05	-2.21	-5.48	1.25
Cash at Beginning of Period	21.70	5.31	5.31	23.00	23.00	9.94	9.94	12.15	17.63	16.39
Cash at End of Period	99.53	21.70	21.70	5.31	5.31	23.00	23.00	9.94	12.15	17.63
Free Cash Flow	-29.33	-31.11	-31.11	-13.24	-13.24	-11.78	-11.78	-5.87	-6.07	-0.04
Supplemental Disclosures
Interest Paid	0.58	-	0.96	-	0.67	-	0.69	0.66	0.46	-
Income Taxes Paid	2.26	-	0.07	-	0.02	-	0.00	0.00	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Gorilla Technology Group Cash Flow

What is Gorilla Technology Group's free cash flow?

Gorilla Technology Group had negative free cash flow of $29.33M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$28.66M minus $670.49K of capital expenditures.

How much does Gorilla Technology Group spend on capital expenditures?

Gorilla Technology Group spent $670.49K on capital expenditures in fiscal 2025, compared with $1.46M a year earlier.

Does Gorilla Technology Group pay dividends or buy back shares?

Yes. In fiscal 2025 Gorilla Technology Group returned $3.50M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition