Grindr
GRND NYSE· Interactive Media & Services
Last close · Oct 26, 2026
$13.12
KIRA · Stoqly’s AI analyst, in plain words
- Grindr had $440M of revenue in fiscal 2025, up 27.6% on the year before.
- Its operating margin was 28.7%, up 1.8 pts: of every 100 in sales, about 29 is left after running the business.
- Grindr made $94.8M of net profit in fiscal 2025. From fiscal 2021 to 2025, diluted EPS grew 94.6% a year.
- Free cash flow was $141M in fiscal 2025, 32.0% of revenue.
- Grindr returned $451M to shareholders in fiscal 2025, 320% of free cash flow. The diluted share count rose 11.0%.
- Grindr owes $309M more than it holds in cash, about 2.3 years of operating profit.
Market cap
$2.3B
P/E
26.2x
Revenue
$440M
Net income
$94.8M
Free cash flow
$141M
Operating margin
28.7%
Grindr in 30 seconds · fiscal 2025
Are sales growing?
+27.6%
Yes. Sales grew 27.6% last year.
Does it make a profit?
21.5%
Yes. It keeps 21.5% of every sale as profit.
Does profit turn into cash?
32.0%
Yes. 32.0% of sales ends up as free cash.
Is debt under control?
2.3x
Keep an eye on it. Repaying its debt would take 2.3 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
26.2x
One share costs 26.2 times its yearly profit per share. Typical for its sector: 17.1x.
What Grindr does
Grindr runs a social networking app mainly for gay, bisexual, transgender and queer adults. Using their approximate location, people can find others nearby or anywhere, chat and share photos, whether they want dates, relationships, friends or local tips. The app is free, with paid subscriptions and add-ons for more features. In 2025 it averaged 15.0 million monthly active users in more than 190 countries and territories, and 1.3 million paying users. Revenue was $439.9 million in 2025. Payments from users for subscriptions and add-ons made up 83.3% of it, and advertising the other 16.7%. International revenue was 42.2% of the total. Grindr says it competes for users with larger companies and established social media firms, and it also sees possible competition from AI companion apps. Grindr had 165 employees at the end of 2025, 160 of them full-time.
Biggest risks, in its own words
- Losing users or failing to add new ones, or failing to turn more of them into paying users.
- Harm to its brand from bad press or from illegal or harmful actions by people using the app.
- Concerns about how it handles users' personal information, which could drive users away.
- Hostile laws and attitudes toward LGBTQ people in some countries that could limit where it can grow.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- Grindr Inc.
- CIK
- 0001820144
Grindr · GRND
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $146M | $195M | $260M | $345M | $440M |
| Revenue growth | — | 33.7% | 33.2% | 32.7% | 27.6% |
| Operating margin | 16.3% | 6.7% | 21.4% | 26.9% | 28.7% |
| Net income | $5.1M | $0.9M | −$55.8M | −$131M | $94.8M |
| Net margin | 3.5% | 0.4% | −21.5% | −38.0% | 21.5% |
| Diluted EPS | $0.03 | $0.01 | −$0.32 | −$0.74 | $0.43 |
| Cash | |||||
| Cash from operations | $34.4M | $50.6M | $36.1M | $95.0M | $142M |
| Capital expenditure | $0.3M | $0.4M | $0.5M | $0.9M | $0.7M |
| Free cash flow | $34.2M | $50.2M | $35.6M | $94.0M | $141M |
| FCF margin | 23.4% | 25.8% | 13.7% | 27.3% | 32.0% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $451M |
| Share count change | — | 4.1% | 9.4% | 1.0% | 11.0% |
| Debt and strength | |||||
| Cash and short-term investments | $15.8M | $8.7M | $27.6M | $59.2M | $87.0M |
| Debt incl. finance leases | $137M | $361M | $341M | $291M | $396M |
| Shareholders' equity | −$36.2M | $4.1M | −$18.3M | −$132M | $47.0M |
| Net debt / EBITDA | 1.8x | 7.0x | 3.8x | 2.1x | 2.3x |
| Current ratio | 1.5x | 0.7x | 1.2x | 1.7x | 2.0x |
| Interest coverage | 1.0x | 0.7x | 1.2x | 3.6x | 6.3x |
| Returns and quality | |||||
| Return on capital | — | 2.8% | 13.5% | 37.1% | 44.3% |
| Piotroski F-score | — | — | 5 | 5 | 6 |
| Altman Z'' | 2.0 | −0.1 | 0.5 | 0.4 | 2.1 |
Insiders bought, 12 months
$9.3M
1 insider
Insiders sold, 12 months
$93.5M
6 insiders
Of sales under plans
29%
$26.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Grindr · GRND
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Grindr GRND | $2.3B | 27.6% | 28.7% | 32.0% | 44.3% | 26.2x | 6 |
| CarGurus CARG | $2.8B | 13.7% | 27.0% | 31.9% | 90.3% | 16.9x | 7 |
| ZoomInfo GTM | $1.3B | 2.9% | 18.1% | 31.2% | 5.3% | — | 7 |
| QuinStreet QNST | $944M | 18.3% | 2.7% | 9.9% | 17.4% | — | 7 |
| Yelp YELP | $1.1B | 3.8% | 12.6% | 22.1% | — | 9.3x | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $13.12 a share, the company is worth $2.3B: 26.2 times its earnings of the last four quarters.
Grindr grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 2 of 2.
Source: SEC EDGAR XBRL filings (CIK 0001820144). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.