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Grindr Inc. (GRND) stock

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NYSE: GRND NYSE Interactive Media & Services Next results ~November 5, 2026

B Fundamentals grade

Grindr Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$21

Cash-flow model

Base case. Range ~$16–$28 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 66% above it.

Price used: $12.77, November 2, 2026

Grindr Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling7 purchases and 58 sales by directors and officers, last 12 monthsInsider trades
  • Funds91 adding, 78 cuttingOf 33 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Grindr files

Where Grindr stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $510m, up 32.4% on a year earlier, faster than the 31.0% growth a quarter earlier. That growth ranks 2 of 29 among the interactive media & services companies we cover. Free-cash-flow margin held at 30.2%. Operating margin widened to 29.8% from 25.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 4 financial-health checks. Our cash-flow model value is $21.34 a share, against a share price of $12.87. At that price, our model says the market is pricing in about 13.9% a year of cash-flow growth for five years, slower than the 28.4% a year revenue growth it has delivered.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Grindr Inc.'s trailing-twelve-month revenue grew 32.4% year on year, with a free-cash-flow margin of 30.2%. Where it stands out: operating margin of 29.8% ranks 6 of 63 interactive media & services companies we cover. Where it lags: long-term debt as % of assets of 79.1% ranks 31 of 32 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$21 per share in the base case (~$16–$28 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Long-term debt rising: Long-term debt rose 36% year over year, to 79% of total assets.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $12.77 is 66% below our value per share of $21.
  • Fast growth. Revenue grew 32.4% over the last 12 months, against a median of 2.4% for interactive media & services companies we cover.
  • High operating margin. 29.8% of revenue is left as operating profit, against a median of 0.3% for interactive media & services companies we cover.
  • Margins widening. Operating margin is up 4.2 points on a year ago.
  • Strong cash generation. 30.2% of revenue turned into free cash flow, against a median of 8.9% for interactive media & services companies we cover.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 79.1% ranks 31 of 32 interactive media & services companies we cover (median 16.9%).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 12.3% ranks 49 of 61 interactive media & services companies we cover (median 3.9%).
  • Heavily shorted. 17.4% of the shares available to trade are sold short (4.6 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.13 against an average estimate of $0.15: missed by 13.8%
Revenue
$138m, up 32.5% on a year earlier
Share reaction
-6.7% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
revenue $540m (full-year 2026); adjusted EBITDA $232m (full-year 2026)
Next report
November 5, 2026; average EPS estimate $0.15

Grindr's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.9%
  • 1 week-2.7%
  • 1 month-4.9%
  • This year-5.7%
  • 1 year-7.9%
  • 5 years+25.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$510M
Operating margin
29.8%
Net margin
18.7%
EPS (TTM, diluted)
$0.51

Growth

Revenue growth
+32.4%
Change in growth rate
+1.4 pts
Share count change
−1.2%

Cash

Free cash flow (TTM)
$154M
FCF margin
30.2%
Stock pay % of revenue
12.3%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Insider trade
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Deal
  7. Insider trade
  8. Insider trade
  9. Announcement
  10. Insider trade
  11. Results
  12. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Grindr Inc. valuation models and calculator

What the price is pricing in

The share price implies about 13.3% a year of cash-flow growth for five years.That is slower than the 28.4% a year revenue growth Grindr has delivered.

  • Priced in13.3%
  • Last 12 months32.4%
  • 3 years a year31.9%
  • 5 years a year28.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($12.76, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$21
Price used
$12.76close November 3, 2026
Implied change
▲ +66%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Grindr Inc.'s free cash flow after stock-based pay with after-tax interest added back ($82.6M, FY2026 Q2 TTM), growing 16.7% and 19.6% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$16–~$28 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Grindr Inc.'s free cash flow after stock-based pay ( $82.6M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Grindr Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.01 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$21 ~$16–$28 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$0.8 ~$3.4–$10 Left out: out of range vs price (0.06x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$16–$28 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Grindr Inc. with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▼ −2%
  • Discount rate 1 point higher ▼ −17%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $5$7$10$15$20$27
8.5% $3$5$7$10$14$19
10% $2$3$5$8$11$15

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$10.13$4.65$8.78$17.84$13.54$12.77
Market value$1.5bn$740m$1.5bn$3.1bn$2.6bn$2.4bn
+ Net debt (− = net cash)$124m$359m$317m$234m$313m$380m
Enterprise value$1.7bn$1.1bn$1.8bn$3.4bn$3.0bn$2.8bn
Multiples
Price / sales 10.6x3.8x5.9x9.1x6.0x4.7x
Price / earnings n/mn/m——27.9x24.8x
Price / free cash flow 45.3x14.7x42.9x33.4x18.8x15.4x
EV / EBITDA 25.0x21.7x22.4x30.8x21.9x17.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $137m and EPS of $0.15 (range $0.15 to $0.15) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.60 +28% $543m +23%
Next $0.77 +28% $636m +17%

Next year's EPS estimate has moved 0.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is 0.0% on 90 days ago. In the last 30 days, 0 analysts raised Grindr Inc.'s forecast and 0 cut it.

Consensus EPS forecast Grindr Inc., last 90 days
$0.55 $0.60 $0.65 $0.70 $0.75 $0.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.60 Current fiscal year, 60 days ago: $0.60 Current fiscal year, 30 days ago: $0.60 Current fiscal year, 7 days ago: $0.60 Current fiscal year, Now: $0.60 $0.60 Next fiscal year, 90 days ago: $0.77 Next fiscal year, 60 days ago: $0.77 Next fiscal year, 30 days ago: $0.77 Next fiscal year, 7 days ago: $0.77 Next fiscal year, Now: $0.77 $0.77

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.60$0.77
60 days ago $0.60$0.77
30 days ago $0.60$0.77
7 days ago $0.60$0.77
Now $0.60$0.77

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.15 $0.13 −13.8%
Mar 2026 $0.13 $0.14 +7.7%
Dec 2025 $0.12 $0.11 −11.9%
Sept 2025 $0.11 $0.17 +56.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Revenue full-year 2026 about $540m Raised
    “Increases expectation of full-year 2026 Revenue to approximately $540 Million and Adjusted EBITDA to approximately $232 Million” source
  • Adjusted EBITDA full-year 2026 about $232m Non-GAAP Raised
    “Increases expectation of full-year 2026 Revenue to approximately $540 Million and Adjusted EBITDA to approximately $232 Million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Grindr Inc.'s revenue by +16.7% next year and +19.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.6%, weight 25%) , management guidance (+15.0%, weight 45%) and the company's own record (+20.0%, weight 30%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026325
  2. Sep 2026325
  3. Aug 2026325

Counts of recommendations published by analysts covering Grindr Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
17.4%
of tradable shares
Days to cover
4.61
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
24%
of shares
Held by insiders
82.4%
of shares
Employees
172
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −7.9%

$13.86 on October 31, 2025 to $12.77

ThenNowEffect
Revenue (last 12 months) $385m $510m +32.4%
P/S multiple 6.8x 4.7x −31.3%
Share count 188m 186m +1.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +117.5%

$5.87 on November 3, 2023 to $12.77

ThenNowEffect
Revenue (last 12 months) $222m $510m +129.4%
P/S multiple 4.4x 4.7x +4.9%
Share count 168m 186m −9.6%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
GRND−54%+89%+103%−24%−6%
Industry peers (median)−54%−6%−21%−7%−27%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
GRND75%67%50%33%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
GRND−87%−35%−16%−52%−30%
S&P 500−25%−10%−8%−19%−9%

Worst fall since January 14, 2021: 87% from November 18, 2022 to December 28, 2022. Getting back needed a 685% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.85 – $17.94
From 52-week high
−28.8%
vs 50-day average
−13.9%
vs 200-day average
−6.3%
Volatility (1 year)
44%
Beta vs S&P 500
0.34

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±8.3%
After a week
6 up, 6 down
typical move ±7.7%
After a month
7 up, 5 down
typical move ±11.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −6.7% +0.5% −11.4% −14.2%
May 7, 2026 +11.9% +0.5% +2.7% −18.2%
February 26, 2026 +1.8% −1.0% +4.0% +11.3%
November 6, 2025 +14.4% −1.0% +9.0% +2.4%
August 7, 2025 −15.8% +0.7% −12.4% −15.9%
May 8, 2025 −0.1% +0.6% −2.2% −3.3%
March 5, 2025 −13.0% −0.7% −8.5% +0.4%
January 23, 2025 +7.6% +0.3% +5.6% +13.2%
November 7, 2024 +3.9% +1.2% −0.8% +7.3%
August 8, 2024 +7.2% +2.8% +7.7% +9.2%
May 9, 2024 −3.7% +0.7% −8.8% −13.3%
March 7, 2024 +13.3% +0.4% +19.6% +29.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Grindr Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Grindr Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Grindr Inc.
$200M $300M $400M $500M $600M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $242.1M Revenue (TTM), FY23 Q4: $259.7M Revenue (TTM), FY24 Q1: $279.2M Revenue (TTM), FY24 Q2: $300M Revenue (TTM), FY24 Q3: $319.1M Revenue (TTM), FY24 Q4: $344.6M Revenue (TTM), FY25 Q1: $363.2M Revenue (TTM), FY25 Q2: $385.1M Revenue (TTM), FY25 Q3: $411.5M Revenue (TTM), FY25 Q4: $439.9M Revenue (TTM), FY26 Q1: $475.9M Revenue (TTM), FY26 Q2: $509.8M $509.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $242.1M
FY23 Q4 $259.7M
FY24 Q1 $279.2M
FY24 Q2 $300M
FY24 Q3 $319.1M
FY24 Q4 $344.6M
FY25 Q1 $363.2M
FY25 Q2 $385.1M
FY25 Q3 $411.5M
FY25 Q4 $439.9M
FY26 Q1 $475.9M
FY26 Q2 $509.8M
Revenue growth, TTM YoY Grindr Inc.
26% 28% 30% 32% 34% 36% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY23 Q4: 33.2% Revenue growth, TTM YoY, FY24 Q1: 34.7% Revenue growth, TTM YoY, FY24 Q2: 35.0% Revenue growth, TTM YoY, FY24 Q3: 31.8% Revenue growth, TTM YoY, FY24 Q4: 32.7% Revenue growth, TTM YoY, FY25 Q1: 30.1% Revenue growth, TTM YoY, FY25 Q2: 28.4% Revenue growth, TTM YoY, FY25 Q3: 29.0% Revenue growth, TTM YoY, FY25 Q4: 27.6% Revenue growth, TTM YoY, FY26 Q1: 31.0% Revenue growth, TTM YoY, FY26 Q2: 32.4% 32.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 33.2%
FY24 Q1 34.7%
FY24 Q2 35.0%
FY24 Q3 31.8%
FY24 Q4 32.7%
FY25 Q1 30.1%
FY25 Q2 28.4%
FY25 Q3 29.0%
FY25 Q4 27.6%
FY26 Q1 31.0%
FY26 Q2 32.4%
Operating margin (TTM) Grindr Inc.
15% 20% 25% 30% 35% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 17.2% Operating margin (TTM), FY23 Q4: 21.4% Operating margin (TTM), FY24 Q1: 23.7% Operating margin (TTM), FY24 Q2: 25.6% Operating margin (TTM), FY24 Q3: 27.8% Operating margin (TTM), FY24 Q4: 26.9% Operating margin (TTM), FY25 Q1: 27.2% Operating margin (TTM), FY25 Q2: 25.6% Operating margin (TTM), FY25 Q3: 28.0% Operating margin (TTM), FY25 Q4: 28.7% Operating margin (TTM), FY26 Q1: 30.2% Operating margin (TTM), FY26 Q2: 29.8% 29.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 17.2%
FY23 Q4 21.4%
FY24 Q1 23.7%
FY24 Q2 25.6%
FY24 Q3 27.8%
FY24 Q4 26.9%
FY25 Q1 27.2%
FY25 Q2 25.6%
FY25 Q3 28.0%
FY25 Q4 28.7%
FY26 Q1 30.2%
FY26 Q2 29.8%
FCF margin (TTM) Grindr Inc.
10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 15.1% FCF margin (TTM), FY23 Q4: 13.7% FCF margin (TTM), FY24 Q1: 17.0% FCF margin (TTM), FY24 Q2: 19.0% FCF margin (TTM), FY24 Q3: 24.3% FCF margin (TTM), FY24 Q4: 27.3% FCF margin (TTM), FY25 Q1: 26.8% FCF margin (TTM), FY25 Q2: 30.9% FCF margin (TTM), FY25 Q3: 35.4% FCF margin (TTM), FY25 Q4: 32.0% FCF margin (TTM), FY26 Q1: 31.6% FCF margin (TTM), FY26 Q2: 30.2% 30.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 15.1%
FY23 Q4 13.7%
FY24 Q1 17.0%
FY24 Q2 19.0%
FY24 Q3 24.3%
FY24 Q4 27.3%
FY25 Q1 26.8%
FY25 Q2 30.9%
FY25 Q3 35.4%
FY25 Q4 32.0%
FY26 Q1 31.6%
FY26 Q2 30.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Grindr took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $440M
  2. Research and development $48.9M · 11.1%
  3. Selling, general and admin $143M · 32.6%
  4. Other operating costs $121M · 27.6%
  5. Operating income $126M · 28.7%
  6. Income tax $23.9M · 5.4%
  7. Interest and other $7.7M · 1.7%
  8. Net income $94.8M · 21.5%

Shares of revenue. Source: Grindr's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 146 195 260 345 440 510
EBITDA 67 51 82 110 135 156
Operating income 24 13 55 93 126 152
Net income 5 1 −56 −131 95 96
Diluted EPS $0.03 $0.01 −$0.32 −$0.74 $0.43 $0.51
Growth (year on year)
Revenue — +33.7% +33.2% +32.7% +27.6% +32.4%
EBITDA — −24.5% +63.2% +32.8% +23.4% +37.3%
Operating income — −45.0% +325.4% +67.0% +36.4% +54.1%
Net income — −83.2% — — — —
Diluted EPS — −66.7% — — — —
Margins
EBITDA margin 45.9% 25.9% 31.8% 31.8% 30.7% 30.6%
Operating margin 16.3% 6.7% 21.4% 26.9% 28.7% 29.8%
Net margin 3.5% 0.4% −21.5% −38.0% 21.5% 18.7%
Free-cash-flow margin 23.4% 25.7% 13.7% 27.3% 32.0% 30.2%
Cash flow
Cash from operations 34 51 36 95 142 154
Capital spending 0 0 1 1 1 0
Free cash flow 34 50 36 94 141 154
Stock-based pay 3 28 16 37 55 63
Free cash flow after stock pay 32 22 20 57 86 91
Balance sheet
Cash 16 9 28 59 87 7
Total debt 140 367 344 294 400 386
Net debt (negative = net cash) 124 359 317 234 313 380
Diluted shares 153m 159m 174m 176m 195m 186m
Returned to shareholders
Buybacks — — 0 0 451 160
Total returned — — 0 0 451 160

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 4 checks passed · June 30, 2026
What it owns · $463m
Short-term assets $93mLonger-term assets $370m
What it owes, and who funded it · $475m
Short-term liabilities $84mLonger-term liabilities $390mShareholders' equity $-12m
  • Short-term assets cover short-term liabilities $93m of assets due within a year against $84m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $93m short-term assets against $390m of longer-dated liabilities.
  • More cash than debt $7m of cash against $386m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $154m of operating cash flow against $386m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Grindr Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$160M
Returned to shareholders
104%
of free cash flow
Buybacks, last 3 fiscal years
$451M
Diluted share count
−1.2%
year over year
Total shareholder yield
7.2%
dividends 0.0% + buybacks 7.2% of market value
R&D spending
12.1%
of revenue
Sales & admin spending
32.2%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated GRND GRPN TTGT ZIP SOHU SOGP Median
Revenue, last 12 months $510m $497m $485m $452m $584m $432m $615m
Revenue growth, last 12 months 32.4% 2.0% 25.3% 0.4% −2.4% 52.9% 2.4%
Revenue growth, 3-year average 31.9% −2.9% — −17.0% — — 5.0%
Revenue growth, latest quarter 32.5% −0.8% −3.2% 5.2% — — 2.4%
Gross margin — 90.7% 59.2% 89.1% 77.5% 29.2% 60.4%
Operating margin 29.8% 0.9% −46.5% 0.3% −16.1% 7.0% 0.3%
Operating margin, 3-year average 27.0% 3.0% −104.5% 1.6% −5.0% −10.9% −0.4%
Net margin 18.7% −25.3% −36.8% 6.2% 67.4% 7.3% 3.8%
Cash from operations / revenue 30.3% 8.9% 1.2% 4.9% −0.8% 9.0% 11.4%
Free-cash-flow margin 30.2% 6.0% 0.7% 4.7% −0.9% 8.9% 7.5%
Free-cash-flow margin, 3-year average 26.7% 8.4% — 8.5% −1.0% −0.9% 7.2%
Stock pay / revenue 12.3% 8.4% 3.2% 8.0% 0.3% 0.1% 3.7%
Change in share count −1.2% 8.9% 22.3% −11.5% −11.8% −8.1% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth 32.4% 2.4% 8 of 63
Change in growth rate Growth +1.4pp -0.2pp 24 of 63
Operating margin Profitability 29.8% 0.3% 6 of 63
Net margin Profitability 18.7% 3.8% 12 of 63
Free-cash-flow margin Cash generation 30.2% 8.9% 7 of 59
Stock pay as % of revenue Cash generation 12.3% 3.9% 49 of 61
Long-term debt as % of assets Balance sheet 79.1% 16.9% 31 of 32
Change in share count Balance sheet -1.2% 1.7% 19 of 55
Days sales outstanding Balance sheet 50 days 49 days 30 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Licenses and services $366M 83.3% ▲ 25.9%
Advertising $73.6M 16.7% ▲ 36.9%
Geography
Region Revenue Share YoY
United States $254M 57.8% ▲ 27.6%
Outside the US $186M 42.2% ▲ 27.7%

From Grindr Inc.'s 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$581M
Institutions reporting
176
Shares held vs prior quarter
▲ 14.0%
Positions opened / closed
35 / 23

Top buyers and sellers, Q2 2026: 91 institutions bought and 78 sold ; the biggest buyer was Citadel Advisors LLC (+2.6M shares) and the biggest seller Blacksheep Fund Management Ltd (−1.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Citadel Advisors LLC $64M 4.5M 11.0% ▲ 138.8%
Blackrock, Inc. $49.2M 3.4M 8.5% ▼ 8.4%
Morgan Stanley $28.4M 2.0M 4.9% ▲ 220.7%
Perry Creek Capital LP $26.6M 1.8M 4.6% ▲ 4.0%
Norges Bank $24.8M 1.7M 4.3% —
Bwcp, LP $23.6M 1.6M 4.1% ▲ 5.1%
Dimensional Fund Advisors LP $21.3M 1.5M 3.7% ▲ 6.3%
Quinn Opportunity Partners LLC $21.3M 1.5M 3.7% ▼ 20.2%
Tikvah Management LLC $21M 1.5M 3.6% ▲ 8.1%
Vanguard Capital Management LLC $19.6M 1.4M 3.4% ▼ 3.0%
Marshall Wace, LLP $15.5M 1.1M 2.7% ▼ 31.3%
Two Sigma Investments, LP $15M 1.0M 2.6% ▲ 1171.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Grindr Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $9.3M 7 trades by 1 insider, last 12 months Insider sales History → $93.5M 58 trades by 6 insiders · 29% under pre-set plans
Net ▼ $84.2M net selling
Insider Date Trade Shares Price Value
Zage George Raymond Iii Director October 19, 2026 Sell pre-set plan 150,000 $13.87 $2.1M
Zage George Raymond Iii Director October 16, 2026 Sell pre-set plan 350,000 $14.23 $5M
Katz Zachary CLO and Head of Global Affairs October 14, 2026 Sell pre-set plan 15,227 $15.23 $231,907
Zage George Raymond Iii Director October 2, 2026 Sell pre-set plan 292,270 $13.65 $4M
Zage George Raymond Iii Director October 1, 2026 Sell pre-set plan 2,000 $15.65 $31,300
Zage George Raymond Iii Director October 1, 2026 Sell pre-set plan 6,500 $15.04 $97,760
Zage George Raymond Iii Director October 1, 2026 Sell pre-set plan 199,230 $14.13 $2.8M
Zage George Raymond Iii Director September 17, 2026 Sell pre-set plan 166,400 $15.41 $2.6M
Zage George Raymond Iii Director September 16, 2026 Sell pre-set plan 333,600 $15.62 $5.2M
Katz Zachary CLO and Head of Global Affairs September 14, 2026 Sell pre-set plan 15,227 $15.57 $237,084
Balance Austin J Chief Product Officer August 31, 2026 Sell pre-set plan 89,638 $15.46 $1.4M
Baer Daniel Brooks Director August 19, 2026 Sell pre-set plan 3,500 $15.65 $54,775

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Grindr Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Grindr Inc. in brief

What does Grindr Inc. do?
Grindr Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Grindr Inc.'s stock ticker?
Grindr Inc. trades under the ticker GRND on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Grindr Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Grindr Inc. reported revenue of $510M, 32.4% higher than a year earlier, according to its SEC filings.
What is Grindr Inc.'s free cash flow?
Grindr Inc.'s free-cash-flow margin is 30.2% of revenue over the trailing twelve months, ranking 7 of the 59 interactive media & services companies we cover.
What is Grindr Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Grindr Inc.'s free cash flow after stock-based pay gives ~$21 per share in the base case, and ~$16–$28 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Grindr Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Citadel Advisors LLC, Blackrock, Inc. and Morgan Stanley. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Grindr Inc. buying back stock, and does it pay a dividend?
Grindr Inc. spent $160M on share repurchases over the trailing twelve months, and its diluted share count fell 1.2% over the year.
What is Grindr Inc.'s market cap?
On November 2, 2026, Grindr Inc.'s market capitalisation was about $2.4B, with a price-to-earnings ratio of 24.8 and net debt of $380M. Market figures come from third-party market data and may be delayed.
Who are Grindr Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Grindr Inc. are Groupon, Inc., Techtarget, Inc., Ziprecruiter, Inc., Sohu.com Ltd and Sound Group Inc. The side-by-side comparison below sets their revenue, margins and growth against Grindr Inc.'s.
Are insiders buying or selling Grindr Inc. stock?
Over the last 12 months, Grindr Inc.'s directors and officers reported 7 open-market purchases and 58 sales on Form 4. The insider trading page charts every trade.
When is Grindr Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Grindr Inc. announces its own schedule.