Grindr Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Grindr Inc has an operating margin of 26.9%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 21.3% the prior year.
Grindr Inc's revenue surged 32.7% year-over-year to $344.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Grindr Inc's current ratio of 1.73 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.
Grindr Inc converts 27.3% of revenue into free cash flow ($94.0M). This strong cash generation earns a score of 100/100.
Grindr Inc scores 2.75, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($610.7M). This signals moderate financial risk that warrants monitoring.
Grindr Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Grindr Inc generates $-0.72 in operating cash flow ($95.0M OCF vs -$131.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Grindr Inc (GRND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Grindr Inc generated $344.6M in revenue in fiscal year 2024. This represents an increase of 32.7% from the prior year.
Grindr Inc's EBITDA was $109.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.8% from the prior year.
Grindr Inc generated $94.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 163.8% from the prior year.
Grindr Inc reported -$131.0M in net income in fiscal year 2024. This represents a decrease of 134.9% from the prior year.
Grindr Inc earned $-0.74 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 131.3% from the prior year.
Grindr Inc held $59.2M in cash against $275.6M in long-term debt as of fiscal year 2024.
Grindr Inc had 177M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.
Grindr Inc's gross margin was 74.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Grindr Inc's operating margin was 26.9% in fiscal year 2024, reflecting core business profitability. This is up 5.5 percentage points from the prior year.
Grindr Inc's net profit margin was -38.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 16.5 percentage points from the prior year.
Grindr Inc invested $32.8M in research and development in fiscal year 2024. This represents an increase of 11.9% from the prior year.
Grindr Inc invested $945K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 85.7% from the prior year.
GRND Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $115.8M+11.1% | $104.2M+10.9% | $93.9M-3.8% | $97.6M+18.6% | $82.3M+9.3% | $75.3M+4.5% | $72.1M+2.6% | $70.3M |
| Cost of Revenue | $28.9M+5.5% | $27.4M+11.7% | $24.5M+2.1% | $24.0M+14.5% | $21.0M+7.0% | $19.6M+7.3% | $18.3M+0.3% | $18.2M |
| Gross Profit | $86.8M+13.1% | $76.8M+10.7% | $69.4M-5.7% | $73.6M+19.9% | $61.3M+10.1% | $55.7M+3.6% | $53.8M+3.4% | $52.0M |
| R&D Expenses | $11.1M-14.3% | $12.9M+25.8% | $10.3M-2.1% | $10.5M+35.5% | $7.8M+35.1% | $5.7M+31.9% | $4.4M-67.2% | $13.3M |
| SG&A Expenses | $29.3M-19.8% | $36.5M+20.6% | $30.2M-21.2% | $38.4M+54.6% | $24.8M-6.8% | $26.6M-4.6% | $27.9M+69.9% | $16.4M |
| Operating Income | $45.2M+85.8% | $24.3M-4.1% | $25.4M+24.5% | $20.4M-16.9% | $24.6M+27.5% | $19.3M+17.7% | $16.4M-1.3% | $16.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$7.2M+30.3% | -$10.3M+14.0% | -$12.0M |
| Income Tax | $9.1M+95.2% | $4.7M+2.3% | $4.6M+963.6% | -$527K-110.6% | $5.0M+85.3% | $2.7M+106.3% | $1.3M+2.1% | $1.3M |
| Net Income | $30.8M+85.3% | $16.6M-38.4% | $27.0M+121.8% | -$123.9M-452.3% | -$22.4M-138.4% | -$9.4M+79.0% | -$44.8M-10143.2% | -$437K |
| EPS (Diluted) | $0.16+100.0% | $0.08-11.1% | $0.09+113.8% | $-0.65-400.0% | $-0.13-160.0% | $-0.05+80.8% | $-0.26 | $0.00 |
GRND Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $439.2M-19.8% | $547.6M-19.4% | $679.4M+41.8% | $479.1M+10.1% | $435.0M-0.6% | $437.7M-1.5% | $444.6M-1.0% | $448.9M |
| Current Assets | $77.3M-59.2% | $189.3M-40.8% | $319.7M+173.3% | $117.0M+72.1% | $68.0M-0.6% | $68.4M-4.6% | $71.8M-0.5% | $72.1M |
| Cash & Equivalents | $6.3M-94.8% | $120.8M-52.8% | $255.9M+332.6% | $59.2M+261.9% | $16.3M-24.1% | $21.5M-21.9% | $27.6M-7.8% | $29.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $58.8M+3.0% | $57.1M+7.2% | $53.2M+7.3% | $49.6M+23.1% | $40.3M+12.8% | $35.7M+5.4% | $33.9M+4.9% | $32.3M |
| Goodwill | $275.7M0.0% | $275.7M0.0% | $275.7M0.0% | $275.7M0.0% | $275.7M0.0% | $275.7M0.0% | $275.7M0.0% | $275.7M |
| Total Liabilities | $368.2M+2.3% | $359.9M+0.1% | $359.6M-41.1% | $610.7M+28.1% | $476.8M+3.7% | $459.8M-0.7% | $462.9M+9.0% | $424.8M |
| Current Liabilities | $93.9M+22.9% | $76.4M+0.8% | $75.8M+11.8% | $67.8M+13.3% | $59.9M-5.0% | $63.0M+3.9% | $60.6M-9.6% | $67.1M |
| Long-Term Debt | $264.9M-1.3% | $268.5M-1.3% | $272.0M-1.3% | $275.6M-2.5% | $282.7M-5.8% | $300.0M-7.8% | $325.6M+2.1% | $319.0M |
| Total Equity | $71.0M-62.2% | $187.7M-41.3% | $319.8M+343.1% | -$131.6M-215.2% | -$41.7M-89.6% | -$22.0M-20.4% | -$18.3M-175.8% | $24.1M |
| Retained Earnings | -$117.3M+20.8% | -$148.2M+10.1% | -$164.8M+14.1% | -$191.8M-107.0% | -$92.6M-31.9% | -$70.2M-15.5% | -$60.8M-278.9% | -$16.0M |
GRND Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.4M+47.8% | $37.5M+57.7% | $23.8M-19.4% | $29.5M+86.3% | $15.8M-22.5% | $20.4M+56.9% | $13.0M+56.4% | $8.3M |
| Capital Expenditures | $208K+8.3% | $192K+54.8% | $124K-49.6% | $246K+36.7% | $180K-7.7% | $195K-27.2% | $268K+83.6% | $146K |
| Free Cash Flow | $55.2M+48.0% | $37.3M+57.7% | $23.7M-19.2% | $29.3M+86.9% | $15.7M-22.6% | $20.3M+58.7% | $12.8M+55.9% | $8.2M |
| Investing Cash Flow | -$4.2M-378.0% | -$880K-40.1% | -$628K+50.1% | -$1.3M+25.8% | -$1.7M-47.7% | -$1.1M-54.9% | -$741K+18.9% | -$914K |
| Financing Cash Flow | -$165.7M+3.5% | -$171.7M-198.9% | $173.6M+2205.4% | -$8.2M+57.4% | -$19.4M+26.0% | -$26.1M-78.7% | -$14.6M-3440.6% | $438K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $159.8M+0.7% | $158.7M+20.2% | $132.0M | $0 | $0 | $0 | N/A | N/A |
GRND Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0%+1.3pp | 73.7%-0.2pp | 73.9%-1.5pp | 75.4%+0.9pp | 74.5%+0.5pp | 74.0%-0.7pp | 74.6%+0.6pp | 74.0% |
| Operating Margin | 39.1%+15.7pp | 23.4%-3.7pp | 27.0%+6.1pp | 20.9%-8.9pp | 29.8%+4.3pp | 25.6%+2.9pp | 22.7%-0.9pp | 23.6% |
| Net Margin | 26.6%+10.7pp | 16.0%-12.8pp | 28.8%+155.6pp | -126.9%-99.6pp | -27.2%-14.8pp | -12.5%+49.6pp | -62.1%-61.5pp | -0.6% |
| Return on Equity | 43.5%+34.6pp | 8.9%+0.4pp | 8.5% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 7.0%+4.0pp | 3.0%-0.9pp | 4.0%+29.8pp | -25.9%-20.7pp | -5.1%-3.0pp | -2.1%+7.9pp | -10.1%-10.0pp | -0.1% |
| Current Ratio | 0.82-1.7 | 2.48-1.7 | 4.22+2.5 | 1.73+0.6 | 1.14+0.1 | 1.09-0.1 | 1.18+0.1 | 1.08 |
| Debt-to-Equity | 3.73+2.3 | 1.43+0.6 | 0.85+2.9 | -2.09+4.7 | -6.77+6.9 | -13.63+4.2 | -17.80-31.0 | 13.21 |
| FCF Margin | 47.7%+11.9pp | 35.8%+10.6pp | 25.2%-4.8pp | 30.0%+11.0pp | 19.0%-7.8pp | 26.9%+9.2pp | 17.7%+6.1pp | 11.7% |
Note: Shareholder equity is negative (-$131.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Frequently Asked Questions
What is Grindr Inc's annual revenue?
Grindr Inc (GRND) reported $344.6M in total revenue for fiscal year 2024. This represents a 32.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Grindr Inc's revenue growing?
Grindr Inc (GRND) revenue grew by 32.7% year-over-year, from $259.7M to $344.6M in fiscal year 2024.
Is Grindr Inc profitable?
No, Grindr Inc (GRND) reported a net income of -$131.0M in fiscal year 2024, with a net profit margin of -38.0%.
What is Grindr Inc's earnings per share (EPS)?
Grindr Inc (GRND) reported diluted earnings per share of $-0.74 for fiscal year 2024. This represents a -131.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Grindr Inc's EBITDA?
Grindr Inc (GRND) had EBITDA of $109.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Grindr Inc have?
As of fiscal year 2024, Grindr Inc (GRND) had $59.2M in cash and equivalents against $275.6M in long-term debt.
What is Grindr Inc's gross margin?
Grindr Inc (GRND) had a gross margin of 74.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Grindr Inc's operating margin?
Grindr Inc (GRND) had an operating margin of 26.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Grindr Inc's net profit margin?
Grindr Inc (GRND) had a net profit margin of -38.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Grindr Inc's free cash flow?
Grindr Inc (GRND) generated $94.0M in free cash flow during fiscal year 2024. This represents a 163.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Grindr Inc's operating cash flow?
Grindr Inc (GRND) generated $95.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Grindr Inc's total assets?
Grindr Inc (GRND) had $479.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Grindr Inc's capital expenditures?
Grindr Inc (GRND) invested $945K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Grindr Inc spend on research and development?
Grindr Inc (GRND) invested $32.8M in research and development during fiscal year 2024.
How many shares does Grindr Inc have outstanding?
Grindr Inc (GRND) had 177M shares outstanding as of fiscal year 2024.
What is Grindr Inc's current ratio?
Grindr Inc (GRND) had a current ratio of 1.73 as of fiscal year 2024, which is generally considered healthy.
What is Grindr Inc's debt-to-equity ratio?
Grindr Inc (GRND) had a debt-to-equity ratio of -2.09 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Grindr Inc's return on assets (ROA)?
Grindr Inc (GRND) had a return on assets of -27.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Grindr Inc's debt-to-equity ratio negative or unusual?
Grindr Inc (GRND) has negative shareholder equity of -$131.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Grindr Inc's Altman Z-Score?
Grindr Inc (GRND) has an Altman Z-Score of 2.75, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Grindr Inc's Piotroski F-Score?
Grindr Inc (GRND) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Grindr Inc's earnings high quality?
Grindr Inc (GRND) has an earnings quality ratio of -0.72x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Grindr Inc?
Grindr Inc (GRND) scores 87 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.