Cash flow generation remains highly unpredictable, evidenced by an OCF/NI ratio of -0.18 in 2026Q2, which suggests a disconnect between reported accounting losses and actual cash movements.
| Cash from Operations | 1.79M | 794.15K | 1.16M | 228.96K |
| Operating CF Margin % | - | 18.3% | 25.56% | 5.91% |
| Operating CF Growth % | -141.76% | -31.41% | 405.64% | - |
| Net Income | 3.5M | 1.62M | 1.8M | 1.28M |
| Depreciation & Amortization | 291.97K | 184.61K | 186.13K | 219.98K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 42.79K | 222.69K |
| Other Non-Cash Items | -680.32K | 96.5K | -3.71K | 8K |
| Working Capital Changes | -1.32M | -1.11M | -865.54K | -1.5M |
| Change in Receivables | -1.32M | -847.25K | -132.07K | -493.29K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 |
| Cash from Investing | -169.35K | -139.15K | 0 | 0 |
| Capital Expenditures | -139.15K | -139.15K | 0 | 0 |
| CapEx % of Revenue | 1.89% | 3.21% | 0% | - |
| Acquisitions | 0 | - | - | - |
| Investments | 23.07K | 16 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 |
| Cash from Financing | -487.78K | -1.36M | -331.02K | 293.84K |
| Debt Issued (Net) | 0 | - | - | - |
| Equity Issued (Net) | 1.2M | -71.6K | -41.57K | 0 |
| Dividends Paid | -769.23K | -769.23K | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | -919.41K | -486.4K | -283.72K | 0 |
| Net Change in Cash | 1.48M | -702.63K | 826.72K | 522.81K |
| Free Cash Flow | 1.65M | 654.99K | 1.16M | 228.96K |
| FCF Margin % | 22.46% | 15.1% | 25.56% | 5.91% |
| FCF Growth % | - | -43.42% | 405.64% | - |
| FCF per Share | 0.07 | 0.07 | 0.12 | 0.02 |
| FCF Conversion (FCF/Net Income) | 0.47x | 0.49x | 0.64x | 0.18x |
| Interest Paid | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 391.3K | 43.53K | 25.85K |
Regulatory pipeline dependency
As reported in financial statements, the firm's OCF/NI ratio of -0.18 in 2026Q2 highlights a significant divergence between accounting losses and cash generation, suggesting that the firm's accrual-based earnings are failing to capture the underlying cash volatility inherent in its milestone-dependent advisory business model.
The negative OCF/NI ratio indicates that the firm is struggling to convert its reported income into actual liquidity, likely due to the timing of milestone-based fee recognition. Investors should monitor whether this disconnect persists, as it may imply that the firm is recognizing revenue on projects that are not yet cash-generative.
Based on recent SEC filings, GRAN's FCF margin experienced extreme fluctuations, ranging from 90.0% in 2026Q2 to 12.5% in 2025Q4, which underscores the highly unpredictable nature of the firm's cash flow generation relative to its reported net income and overall business activity levels.
The high FCF margin in 2026Q2 appears to be a byproduct of minimal capital expenditure rather than operational strength, as the firm has effectively halted investment. This trajectory suggests that the firm is currently in a defensive posture, prioritizing cash preservation over growth-oriented capital allocation.
According to the provided data, working capital changes have been a primary driver of cash flow volatility, with a $160.5K inflow in 2026Q2 contrasting sharply with the $685.3K outflow observed in 2025Q4, indicating significant instability in the firm's collection and payment cycles.
These erratic working capital movements suggest that the firm's cash position is heavily influenced by the timing of client payments for advisory services. The reliance on these swings to maintain liquidity warrants further investigation into the credit quality of the firm's current client base.
As reported in financial statements, the firm's capital deployment has been inconsistent, characterized by a $769.2K dividend payment in 2025Q2 followed by a pivot toward net acquisitions of $40.2K in 2026Q2, reflecting a lack of clear long-term strategy for excess cash utilization.
The absence of a consistent dividend or share repurchase policy suggests that management is uncertain about the firm's future capital requirements. Investors should monitor whether these sporadic outflows are indicative of a broader struggle to identify accretive investment opportunities within the current regulatory environment.
Quick answers to the most common questions about buying GRAN stock.
Grande Group Limited Class A Ordinary Shares (GRAN) generated $0.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Grande Group Limited Class A Ordinary Shares (GRAN) generated $0.7M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Grande Group Limited Class A Ordinary Shares (GRAN) spent $0.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Grande Group Limited Class A Ordinary Shares (GRAN) returned $0.8M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.