NYSE : GRND
Grindr Inc. — Financial statements
Technology · Software - Application · United States
Last price 12.9 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.24B
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Financial statements
Grindr Inc. (GRND) reported revenue of 509.82M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 509.82M | 439.90M | 344.64M | 259.69M | 195.01M | 145.83M |
| Cost of Revenue | 127.77M | 112.56M | 87.58M | 67.46M | 51.28M | 37.36M |
| Gross Profit | 382.05M | 327.34M | 257.06M | 192.23M | 143.74M | 108.47M |
| Selling, General & Admin | 161.08M | 140.20M | 113.55M | 78.08M | 67.07M | 24.85M |
| Research & Development | 59.08M | 46.07M | 32.75M | 19.97M | 17.90M | 10.91M |
| Operating Expenses | 224.35M | 195.13M | 163.21M | 123.78M | 121.81M | 78.63M |
| Operating Income | 157.70M | 132.21M | 93.85M | 68.45M | 21.93M | 29.84M |
| Interest Expense | -23.34M | -17.64M | -25.62M | -46.01M | -19.53M | -17.60M |
| Other Non Operating Income (Expenses) | -2.77M | 9.97M | -185.27M | -49.60M | 18.34M | -819.00K |
| EBT Excluding Unusual Items | 130.48M | 124.53M | -117.04M | -27.16M | 20.73M | 11.42M |
| Merger & Restructuring Charges | -1.60M | -1.60M | -6.50M | -4.35M | ||
| Asset Writedown | -1.31M | -669.00K | -367.00K | |||
| Legal Settlements | -1.46M | -1.46M | -1.19M | -2.34M | -1.72M | -1.91M |
| Other Unusual Items | -2.86M | -2.86M | -58.00K | -20.94M | -11.85M | 1.51M |
| Pretax Income | 124.56M | 118.61M | -118.29M | -51.74M | -7.00K | 6.30M |
| Income Tax Expense | 28.98M | 23.86M | 12.71M | 4.02M | -859.00K | 1.24M |
| Net Income | 95.59M | 94.75M | -131.00M | -55.77M | 852.00K | 5.06M |
| Preferred Dividends & Other Adjustments | 9.90M | 9.90M | ||||
| Net Income to Common | 85.68M | 84.85M | -131.00M | -55.77M | 852.00K | 5.06M |
| Shares Outstanding (Basic) | 183.61M | 190.06M | 175.88M | 174.17M | 157.88M | 152.81M |
| Shares Outstanding (Diluted) | 185.94M | 195.18M | 175.88M | 174.17M | 159.17M | 152.87M |
| EPS (Basic) | 0.47 | 0.45 | -0.74 | -0.32 | 0.01 | 0.03 |
| EPS (Diluted) | 0.47 | 0.43 | -0.74 | -0.32 | 0.01 | 0.03 |
| Free Cash Flow | 154.02M | 140.77M | 94.01M | 35.64M | 50.21M | 34.16M |
| Free Cash Flow Per Share | 0.83 | 0.72 | 0.54 | 0.20 | 0.32 | 0.22 |
| Gross Margin | 74.94% | 74.41% | 74.59% | 74.02% | 73.70% | 74.38% |
| Operating Margin | 30.93% | 30.05% | 27.23% | 26.36% | 11.24% | 20.46% |
| Profit Margin | 16.81% | 19.29% | -38.01% | -21.48% | 0.44% | 3.47% |
| Free Cash Flow Margin | 30.21% | 32.00% | 27.28% | 13.72% | 25.75% | 23.43% |
| EBITDA | 158.02M | 137.19M | 107.17M | 91.64M | 57.87M | 72.65M |
| EBITDA Margin | 31.00% | 31.19% | 31.09% | 35.29% | 29.68% | 49.81% |
| D&A For EBITDA | 322.00K | 4.99M | 13.32M | 23.18M | 35.95M | 42.80M |
| EBIT | 157.70M | 132.21M | 93.85M | 68.45M | 21.93M | 29.84M |
| EBIT Margin | 30.93% | 30.05% | 27.23% | 26.36% | 11.24% | 20.46% |
| Effective Tax Rate | 23.26% | 20.12% | 19.62% | |||
| Advertising Expenses | 11.49M | 8.21M | 2.38M | 3.01M | 1.29M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.50M | 87.05M | 59.15M | 27.61M | 8.72M | 15.78M |
| Cash & Short-Term Investments | 6.50M | 87.05M | 59.15M | 27.61M | 8.72M | 15.78M |
| Accounts Receivable | 69.65M | 67.95M | 49.60M | 33.91M | 22.43M | 17.89M |
| Other Receivables | 1.54M | 3.27M | ||||
| Receivables | 69.65M | 67.95M | 49.60M | 35.44M | 22.43M | 21.16M |
| Prepaid Expenses | 8.98M | 5.10M | 2.75M | 4.19M | 7.62M | 2.33M |
| Other Current Assets | 7.86M | 5.94M | 5.49M | 4.51M | 4.40M | 4.64M |
| Total Current Assets | 93.00M | 166.04M | 116.98M | 71.75M | 43.18M | 43.91M |
| Property, Plant & Equipment | 4.05M | 5.88M | 4.72M | 4.94M | 6.56M | 2.37M |
| Goodwill | 275.70M | 275.70M | 275.70M | 275.70M | 275.70M | 258.62M |
| Other Intangible Assets | 83.09M | 78.84M | 78.62M | 89.77M | 111.93M | 143.34M |
| Long-Term Deferred Tax Assets | 1.24M | |||||
| Long-Term Deferred Charges | 977.00K | 644.00K | ||||
| Other Long-Term Assets | 3.17M | 3.60M | 1.82M | 1.79M | 1.46M | 1.48M |
| Total Assets | 462.84M | 531.03M | 479.09M | 444.60M | 438.83M | 449.73M |
| Accounts Payable | 3.11M | 1.67M | 3.26M | 3.53M | 5.43M | 2.44M |
| Accrued Expenses | 28.40M | 27.07M | 19.32M | 14.21M | 8.63M | 2.67M |
| Current Portion of Long-Term Debt | 20.00M | 20.00M | 15.00M | 15.00M | 22.15M | 3.84M |
| Current Portion of Leases | 1.36M | 2.15M | 2.37M | 1.41M | 1.05M | |
| Current Income Taxes Payable | 4.04M | 3.27M | 1.96M | 1.39M | 5.36M | 664.00K |
| Current Unearned Revenue | 24.92M | 24.29M | 19.97M | 19.18M | 18.59M | 20.08M |
| Other Current Liabilities | 2.65M | 6.47M | 5.93M | 5.93M | 641.00K | 204.00K |
| Total Current Liabilities | 84.47M | 84.92M | 67.81M | 60.64M | 61.85M | 29.89M |
| Long-Term Debt | 366.32M | 375.86M | 275.58M | 325.60M | 338.48M | 133.28M |
| Long-Term Leases | 1.91M | 2.57M | 963.00K | 2.24M | 3.66M | |
| Long-Term Deferred Tax Liabilities | 1.39M | 1.39M | 4.67M | 12.53M | 20.91M | |
| Other Long-Term Liabilities | 20.48M | 19.28M | 266.31M | 69.74M | 18.26M | 2.40M |
| Total Liabilities | 474.58M | 484.02M | 610.66M | 462.89M | 434.78M | 186.49M |
| Common Stock | 17.00K | 18.00K | 18.00K | 18.00K | 17.00K | 16.00K |
| Additional Paid-In Capital | 40.81M | 144.05M | 74.52M | 44.66M | 9.08M | 269.12M |
| Retained Earnings | -52.57M | -97.06M | -191.81M | -60.81M | -5.04M | -5.89M |
| Treasury Stock | -14.29M | -2.15M | ||||
| Shareholders' Equity | -11.74M | 47.01M | -131.57M | -18.29M | 4.05M | 263.24M |
| Total Liabilities & Equity | 462.84M | 531.03M | 479.09M | 444.60M | 438.83M | 449.73M |
| Total Debt | 389.60M | 400.59M | 293.91M | 344.25M | 365.34M | 137.12M |
| Net Cash (Debt) | -383.09M | -313.54M | -234.76M | -316.64M | -356.61M | -121.34M |
| Net Cash Per Share | -2.06 | -1.61 | -1.33 | -1.82 | -2.24 | -0.79 |
| Filing Date Shares Outstanding | 173.82M | 185.15M | 208.25M | 175.06M | 173.75M | 110.87M |
| Total Common Shares Outstanding | 173.83M | 185.03M | 177.19M | 175.02M | 173.52M | 110.87M |
| Working Capital | 8.53M | 81.11M | 49.17M | 11.11M | -18.67M | 14.02M |
| Book Value Per Share | -0.07 | 0.25 | -0.74 | -0.10 | 0.02 | 2.37 |
| Tangible Book Value | -370.53M | -307.53M | -485.89M | -383.76M | -383.58M | -138.73M |
| Tangible Book Value Per Share | -2.13 | -1.66 | -2.74 | -2.19 | -2.21 | -1.25 |
| Machinery | 1.99M | 2.17M | 437.00K | 1.36M | 934.00K | |
| Leasehold Improvements | 2.78M | 2.69M | 2.64M | 2.64M | 2.64M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 95.59M | 94.75M | -131.00M | -55.77M | 852.00K | 5.06M |
| Depreciation & Amortization | 322.00K | 4.99M | 13.32M | 23.18M | 35.95M | 42.80M |
| Other Amortization | 4.93M | 4.79M | 4.50M | 4.37M | 2.17M | 1.25M |
| Asset Writedown & Restructuring Costs | 1.31M | 669.00K | 367.00K | |||
| Stock-Based Compensation | 62.68M | 54.52M | 37.27M | 15.82M | 28.42M | 2.60M |
| Provision & Write-off of Bad Debts | 692.00K | -24.00K | -718.00K | 421.00K | 282.00K | 53.00K |
| Other Operating Activities | 5.68M | -4.28M | 180.43M | 54.15M | -20.15M | -6.77M |
| Change in Accounts Receivable | -12.46M | -18.32M | -14.97M | -11.89M | -4.83M | -6.11M |
| Change in Accounts Payable | 1.12M | -1.88M | -461.00K | -713.00K | 1.80M | 1.84M |
| Change in Unearned Revenue | 3.15M | 4.32M | 789.00K | 595.00K | -1.49M | 6.55M |
| Change in Other Net Operating Assets | -8.34M | 2.67M | 5.80M | 4.67M | 6.97M | -13.22M |
| Operating Cash Flow | 154.48M | 141.52M | 94.96M | 36.15M | 50.64M | 34.43M |
| Capital Expenditures | -462.00K | -746.00K | -945.00K | -509.00K | -430.00K | -269.00K |
| Sale (Purchase) of Intangibles | -11.10M | -7.87M | -4.40M | -3.72M | -5.16M | -3.53M |
| Other Investing Activities | -4.00M | |||||
| Investing Cash Flow | -15.56M | -8.62M | -5.34M | -4.23M | -5.58M | -3.80M |
| Long-Term Debt Issued | 415.00M | 363.75M | 230.80M | |||
| Short-Term Debt Repaid | -1.78M | |||||
| Long-Term Debt Repaid | -308.60M | -50.80M | -367.48M | -3.48M | -56.64M | |
| Total Debt Repaid | -311.10M | -308.60M | -50.80M | -367.48M | -5.26M | -56.64M |
| Net Debt Issued (Repaid) | 103.90M | 106.40M | -50.80M | -3.73M | 225.54M | -56.64M |
| Issuance of Common Stock | 1.05M | 315.85M | 4.02M | 2.72M | 7.21M | 1.35M |
| Repurchase of Common Stock | -387.53M | -524.32M | -12.08M | |||
| Common Dividends Paid | -112.99M | |||||
| Other Financing Activities | 29.35M | -2.94M | -12.03M | -88.55M | -960.00K | |
| Financing Cash Flow | -253.24M | -105.01M | -58.85M | -13.04M | -52.11M | -56.25M |
| Net Cash Flow | -114.32M | 27.89M | 30.76M | 18.88M | -7.05M | -25.62M |
| Free Cash Flow | 154.02M | 140.77M | 94.01M | 35.64M | 50.21M | 34.16M |
| Free Cash Flow Margin | 30.21% | 32.00% | 27.28% | 13.72% | 25.75% | 23.43% |
| Free Cash Flow Per Share | 0.83 | 0.72 | 0.54 | 0.20 | 0.32 | 0.22 |
| Levered Free Cash Flow | 127.24M | 118.45M | 84.90M | 49.07M | 68.89M | 40.16M |
| Unlevered Free Cash Flow | 140.77M | 128.56M | 100.01M | 76.01M | 79.81M | 49.98M |
| Cash Interest Paid | 26.66M | 20.11M | 25.99M | 47.86M | 18.05M | 22.75M |
| Cash Income Tax Paid | 23.60M | 21.11M | 17.43M | 17.71M | 2.24M | 9.51M |
| Change in Working Capital | -16.52M | -13.22M | -8.85M | -7.34M | 2.45M | -10.94M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.20B | 2.50B | 3.15B | 1.54B | 806.89M | 279.66M |
| Enterprise Value | 2.58B | 2.78B | 3.41B | 1.85B | 974.36M | |
| Last Close Price | 12.65 | 13.54 | 17.84 | 8.78 | 4.65 | 10.13 |
| PE Ratio | 27.11 | 29.48 | 947.05 | 55.23 | ||
| Forward PE | 21.44 | 25.19 | 44.05 | |||
| PS Ratio | 4.31 | 5.69 | 9.14 | 5.92 | 4.14 | 1.92 |
| PB Ratio | 53.21 | -23.95 | -83.99 | 199.13 | 1.06 | |
| P/FCF Ratio | 14.28 | 17.77 | 33.51 | 43.11 | 16.07 | 8.19 |
| P/OCF Ratio | 14.23 | 17.68 | 33.18 | 42.50 | 15.93 | 8.12 |
| PEG Ratio | 1.43 | 1.43 | ||||
| EV/Sales Ratio | 5.06 | 6.32 | 9.89 | 7.14 | 5.00 | |
| EV/EBITDA Ratio | 16.34 | 20.25 | 31.81 | 20.23 | 16.84 | |
| EV/EBIT Ratio | 16.37 | 21.01 | 36.33 | 27.08 | 44.44 | |
| EV/FCF Ratio | 16.76 | 19.74 | 36.26 | 52.02 | 19.40 | |
| Debt / Equity Ratio | -33.19 | 8.52 | -2.23 | -18.82 | 90.16 | 0.52 |
| Debt / EBITDA Ratio | 2.42 | 2.86 | 2.68 | 3.70 | 6.21 | 1.89 |
| Debt / FCF Ratio | 2.53 | 2.85 | 3.13 | 9.66 | 7.28 | 4.01 |
| Net Debt / Equity Ratio | -32.64 | 6.67 | -1.78 | -17.31 | 88.01 | 0.46 |
| Net Debt / EBITDA Ratio | 2.42 | 2.29 | 2.19 | 3.46 | 6.16 | 1.67 |
| Net Debt / FCF Ratio | 2.49 | 2.23 | 2.50 | 8.88 | 7.10 | 3.55 |
| Asset Turnover | 1.01 | 0.87 | 0.75 | 0.59 | 0.44 | 0.31 |
| Quick Ratio | 0.90 | 1.82 | 1.60 | 1.04 | 0.50 | 1.24 |
| Current Ratio | 1.10 | 1.96 | 1.73 | 1.18 | 0.70 | 1.47 |
| Return on Equity (ROE) | 108.65% | 0.64% | 1.95% | |||
| Return on Assets (ROA) | 19.51% | 16.36% | 12.70% | 9.69% | 3.08% | 3.91% |
| Return on Invested Capital (ROIC) | 32.25% | 27.37% | 23.60% | 18.39% | 5.88% | 6.05% |
| Return on Capital Employed (ROCE) | 41.70% | 29.60% | 22.80% | 17.80% | 5.80% | 7.10% |
| Earnings Yield | 3.69% | 3.79% | -4.16% | -3.63% | 0.11% | 1.81% |
| FCF Yield | 7.00% | 5.63% | 2.98% | 2.32% | 6.22% | 12.21% |
| Payout Ratio | 13,261.97% | |||||
| Buyback Yield / Dilution | -0.71% | -10.97% | -0.98% | -9.43% | -4.12% | -50.33% |