Grindr Inc. GRND
Our mission is to build the Global Gayborhood in Your Pocket™, and, through our success, to make a world where the lives of our global LGBTQ community are free, equal, and just. We manage and operate the Grindr platform, a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults around the world. We had 15.0 million, 14.2 million, and 13.3 million Average MAUs for the years ended December 31, 2025, 2024, and 2023, respectively. Additionally, we had 1.3 million, 1.1 million, and 0.9 million Average Paying Users for the years ended December 31, 2025, 2024, and 2023, respectively. We enable our users to find and engage with one another, share content and interests, discover products and experiences relevant for them, and generally express their unique selves. As a "gayborhood" on our users' mobile devices, our platform is a meaningful part of our users' lives and has embedded us at the center of their communities, as they seek relationships of various forms, whether intimate, romantic, or social.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $439.9M | $344.6M | $259.7M | $195.0M | $145.8M | — |
| R&D | $48.9M | $32.8M | $29.3M | $17.9M | $10.9M | — |
| SG&A | $143.3M | $114.7M | $80.4M | $75.3M | $30.6M | — |
| Total operating expenses | $313.6M | $252.0M | $204.2M | $182.0M | $122.1M | — |
| Operating income | $126.3M | $92.6M | $55.4M | $13.0M | $23.7M | — |
| Interest expense | — | — | $46.0M | $31.5M | $18.7M | — |
| Pre-tax income | $118.6M | -$118.3M | -$51.7M | -$7.0K | $6.3M | — |
| Income tax | $23.9M | $12.7M | $4.0M | $859.0K | $1.2M | — |
| Net income | $94.8M | -$131.0M | -$55.8M | $852.0K | $5.1M | — |
| EPS, basic | 0.45 | -0.74 | -0.32 | 0.01 | 0.03 | — |
| EPS, diluted | 0.43 | -0.74 | -0.32 | 0.01 | 0.03 | — |
| Shares, diluted (wtd. avg.) | 195.2M | 175.9M | 174.2M | 159.2M | 152.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $87.0M | $59.2M | $27.6M | $10.1M | $17.2M | $42.8M |
| Receivables | $67.9M | $49.6M | $33.9M | $22.4M | $17.9M | — |
| Total current assets | $166.0M | $117.0M | $71.8M | $43.2M | $43.9M | $1.4M |
| Property, plant and equipment | $1.2M | $1.7M | $1.6M | $2.0M | $2.4M | — |
| Goodwill | $275.7M | $275.7M | $275.7M | $275.7M | $258.6M | $258.6M |
| Other intangibles | $65.8M | $69.9M | $82.3M | $104.5M | $139.7M | — |
| Total assets | $531.0M | $479.1M | $444.6M | $438.8M | $449.7M | $280.2M |
| Accounts payable | $1.7M | $3.3M | $3.5M | $5.4M | $2.4M | — |
| Short-term debt | $20.0M | $15.0M | $15.0M | $22.2M | $3.8M | — |
| Total current liabilities | $84.9M | $67.8M | $60.6M | $61.9M | $29.9M | $63.8K |
| Long-term debt | $375.9M | $275.6M | $325.6M | $338.5M | $133.3M | — |
| Total liabilities | $484.0M | $610.7M | $462.9M | $434.8M | $186.5M | $55.7M |
| Retained earnings | -$97.1M | -$191.8M | -$60.8M | -$5.0M | -$5.9M | -$54.3M |
| Total equity | $47.0M | -$131.6M | -$18.3M | $4.1M | $263.2M | $256.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $141.5M | $95.0M | $36.1M | $50.6M | $34.4M | — |
| Depreciation and amortisation | $8.9M | $16.9M | $27.0M | $37.5M | $43.2M | — |
| Stock-based compensation | $54.5M | $37.3M | $15.8M | $28.4M | $2.6M | — |
| Capital expenditure | $746.0K | $945.0K | $509.0K | $430.0K | $269.0K | — |
| Investing cash flow | -$8.6M | -$5.3M | -$4.2M | -$5.6M | -$3.8M | — |
| Financing cash flow | -$105.0M | -$58.9M | -$13.0M | -$52.1M | -$56.2M | — |
| Buybacks | $450.5M | $0 | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-018315.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $145.8M | $195.0M | $259.7M | $344.6M | $439.9M |
| Gross profit | — | — | — | — | — | — |
| Net income | — | $5.1M | $852.0K | -$55.8M | -$131.0M | $94.8M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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