Grindr Inc. (GRND) 10-Year Financial Performance & Capital Metrics

GRND • • Industrial / General

TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery

AboutGrindr Inc. operates social network platform for the LGBTQ community. Its platform enables gay, bi, trans, and queer people to engage with each other, share content and experiences, and express themselves. It offers a free, ad-supported service and a premium subscription version. The company was founded in 2009 and is based in West Hollywood, California.Show more

Revenue $345M +32.7%
EBITDA $106M +28.4%
Net Income -$131M -134.9%
EPS (Diluted) -0.74 -131.3%
Gross Margin 74.59% +0.8%
EBITDA Margin 30.73% -3.2%
Operating Margin 26.87% +25.8%
Net Margin -38.01% -77.0%
ROE -
ROIC 34.59% +174.1%
Debt/Equity -
Interest Coverage 3.61 +199.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 27.3% free cash flow margin

✗Weaknesses

✗Weak 3Y average ROE of 0.6%
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y33.2%

TTM28.97%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM4.91%

EPS CAGR

10Y-

5Y-

3Y-

TTM-20.78%

ROCE

10Y Avg9.31%

5Y Avg9.31%

3Y Avg13.71%

Latest23.29%

Peer Comparison

Streaming & Content Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SRADSportradar Group AG	4.31B	19.82	198.20	26.09%	7.72%	9.63%	2.91%	0.05
VMEOVimeo, Inc.	1.24B	7.85	49.06	-0.05%	1%	1.05%	4.57%	0.03
ZMZoom Communications, Inc.	21.65B	81.52	25.40	3.05%	33.17%	17.16%	8.35%	0.01
YALAYalla Group Limited	900.4M	6.78	9.16	6.52%	42.29%	18.98%	19.1%	0.00
AUUDAuddia Inc.	3.13M	1.01	-0.02			-189.89%		0.02
OBLGOblong, Inc.	6.86M	2.14	-0.14	-37.59%	-187.17%	-45.31%
GITSGlobal Interactive Technologies, Inc.	2.72M	0.74	-0.32			-100.31%		0.06
VSVersus Systems Inc.	6.18M	1.26	-0.57	-77.08%	-57.95%	-40.44%

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	104.46M	145.83M	195.01M	259.69M	344.64M
Revenue Growth %	-	0.4%	0.34%	0.33%	0.33%
Cost of Goods Sold+	31.42M	37.36M	51.28M	67.46M	87.58M
COGS % of Revenue	0.3%	0.26%	0.26%	0.26%	0.25%
Gross Profit+	73.04M	108.47M	143.74M	192.23M	257.06M
Gross Margin %	0.7%	0.74%	0.74%	0.74%	0.75%
Gross Profit Growth %	-	0.49%	0.33%	0.34%	0.34%
Operating Expenses+	73.95M	84.77M	130.7M	136.78M	164.46M
OpEx % of Revenue	0.71%	0.58%	0.67%	0.53%	0.48%
Selling, General & Admin	31.25M	30.62M	75.3M	80.42M	113.55M
SG&A % of Revenue	0.3%	0.21%	0.39%	0.31%	0.33%
Research & Development	15.36M	10.91M	17.9M	29.33M	36.4M
R&D % of Revenue	0.15%	0.07%	0.09%	0.11%	0.11%
Other Operating Expenses	27.33M	43.23M	37.51M	27.04M	14.51M
Operating Income+	-907K	23.71M	13.04M	55.45M	92.6M
Operating Margin %	-0.01%	0.16%	0.07%	0.21%	0.27%
Operating Income Growth %	-	27.14%	-0.45%	3.25%	0.67%
EBITDA+	25.77M	66.94M	51.59M	82.49M	105.92M
EBITDA Margin %	0.25%	0.46%	0.26%	0.32%	0.31%
EBITDA Growth %	-	1.6%	-0.23%	0.6%	0.28%
D&A (Non-Cash Add-back)	26.68M	43.23M	38.55M	27.04M	13.32M
EBIT	333K	25M	31.53M	-5.74M	93.85M
Net Interest Income+	14.65K	-18.7M	-31.54M	-46.01M	-25.62M
Interest Income	14.65K	0	0	0	0
Interest Expense	0	18.7M	31.54M	46.01M	25.62M
Other Income/Expense	-9.59M	-17.41M	-13.04M	-107.19M	-210.89M
Pretax Income+	-10.5M	6.3M	-7K	-51.74M	-118.29M
Pretax Margin %	-0.1%	0.04%	-0%	-0.2%	-0.34%
Income Tax+	2.57M	1.24M	-859K	4.02M	12.71M
Effective Tax Rate %	1.25%	0.8%	-121.71%	1.08%	1.11%
Net Income+	-13.07M	5.06M	852K	-55.77M	-131M
Net Margin %	-0.13%	0.03%	0%	-0.21%	-0.38%
Net Income Growth %	-	1.39%	-0.83%	-66.46%	-1.35%
Net Income (Continuing)	-13.07M	5.06M	852K	-55.77M	-131M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	-0.60	0.03	0.01	-0.32	-0.74
EPS Growth %	-	1.06%	-0.84%	-	-1.31%
EPS (Basic)	-0.60	0.03	0.01	-0.32	-0.74
Diluted Shares Outstanding	34.5M	152.87M	159.17M	174.17M	175.88M
Basic Shares Outstanding	34.5M	152.81M	157.88M	174.17M	175.88M
Dividend Payout Ratio	-	-	230.4%	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	58.42M	43.91M	43.18M	71.75M	116.98M
Cash & Short-Term Investments	41.39M	15.78M	8.72M	27.61M	59.15M
Cash Only	41.39M	15.78M	8.72M	27.61M	59.15M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	11.83M	21.16M	22.43M	35.44M	50.18M
Days Sales Outstanding	41.35	52.96	41.99	49.82	53.15
Inventory	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-
Other Current Assets	3.27M	4.64M	4.4M	4.51M	4.9M
Total Non-Current Assets+	445.29M	405.81M	395.64M	372.85M	362.11M
Property, Plant & Equipment	2.87M	2.37M	6.56M	4.94M	4.72M
Fixed Asset Turnover	36.45x	61.43x	29.75x	52.59x	73.02x
Goodwill	258.62M	258.62M	275.7M	275.7M	275.7M
Intangible Assets	182.29M	143.34M	111.93M	89.77M	78.62M
Long-Term Investments	0	0	0	0	605K
Other Non-Current Assets	1.51M	1.48M	1.46M	2.44M	1.21M
Total Assets+	503.7M	449.73M	438.83M	444.6M	479.09M
Asset Turnover	0.21x	0.32x	0.44x	0.58x	0.72x
Asset Growth %	-	-0.11%	-0.02%	0.01%	0.08%
Total Current Liabilities+	81.43M	29.89M	61.85M	60.64M	67.81M
Accounts Payable	592K	2.44M	5.43M	3.53M	3.26M
Days Payables Outstanding	6.88	23.81	38.69	19.08	13.59
Short-Term Debt	56.27M	3.84M	22.15M	15M	15M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K
Other Current Liabilities	22.64M	320K	813K	7.29M	13.44M
Current Ratio	0.72x	1.47x	0.70x	1.18x	1.73x
Quick Ratio	0.72x	1.47x	0.70x	1.18x	1.73x
Cash Conversion Cycle	-	-	-	-	-
Total Non-Current Liabilities+	166.02M	156.6M	372.92M	402.25M	542.85M
Long-Term Debt	137.67M	133.28M	338.48M	325.6M	275.58M
Capital Lease Obligations	0	0	3.66M	2.24M	963K
Deferred Tax Liabilities	0	20.91M	12.53M	4.67M	0
Other Non-Current Liabilities	28.35M	2.4M	18.26M	69.74M	266.31M
Total Liabilities	247.45M	186.49M	434.78M	462.89M	610.66M
Total Debt+	193.93M	137.12M	365.34M	344.25M	293.91M
Net Debt	152.54M	121.34M	356.61M	316.64M	234.76M
Debt / Equity	0.76x	0.52x	90.16x	-	-
Debt / EBITDA	7.53x	2.05x	7.08x	4.17x	2.77x
Net Debt / EBITDA	5.92x	1.81x	6.91x	3.84x	2.22x
Interest Coverage	-	1.27x	0.41x	1.21x	3.61x
Total Equity+	256.26M	263.24M	4.05M	-18.29M	-131.57M
Equity Growth %	-	0.03%	-0.98%	-5.51%	-6.19%
Book Value per Share	7.43	1.72	0.03	-0.11	-0.75
Total Shareholders' Equity	256.26M	263.24M	4.05M	-18.29M	-131.57M
Common Stock	1K	16K	17K	18K	18K
Retained Earnings	-10.96M	-5.89M	-5.04M	-60.81M	-191.81M
Treasury Stock	0	0	0	-2.15M	-14.29M
Accumulated OCI	0	0	0	0	0
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	26.06M	34.43M	50.64M	36.15M	94.96M
Operating CF Margin %	0.25%	0.24%	0.26%	0.14%	0.28%
Operating CF Growth %	-	0.32%	0.47%	-0.29%	1.63%
Net Income	-13.07M	5.06M	852K	-55.77M	-131M
Depreciation & Amortization	27.61M	43.23M	37.51M	27.04M	16.91M
Stock-Based Compensation	1.26M	2.6M	28.42M	15.82M	37.27M
Deferred Taxes	0	-4.31M	-11.22M	-7.98M	-5.91M
Other Non-Cash Items	6.67M	-1.22M	-7.37M	64.37M	186.53M
Working Capital Changes	3.6M	-10.94M	2.45M	-7.34M	-8.85M
Change in Receivables	-721K	-6.11M	-4.83M	-11.89M	-14.97M
Change in Inventory	0	-13.23M	0	0	0
Change in Payables	0	1.84M	1.8M	-713K	-461K
Cash from Investing+	-264.46M	-3.8M	-5.58M	-4.23M	-5.34M
Capital Expenditures	-467K	-3.8M	-5.58M	-509K	-945K
CapEx % of Revenue	0%	0.03%	0.03%	0%	0%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	-147K	0	0	-3.72M	-4.4M
Cash from Financing+	299.69M	-56.25M	-52.11M	-13.04M	-58.85M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	-196.31M	0	0
Share Repurchases	-	-	-	-	-
Other Financing	106.17M	-960K	-86.53M	-12.03M	-12.08M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	25.59M	30.63M	45.06M	31.92M	94.01M
FCF Margin %	0.24%	0.21%	0.23%	0.12%	0.27%
FCF Growth %	-	0.2%	0.47%	-0.29%	1.95%
FCF per Share	0.74	0.20	0.28	0.18	0.53
FCF Conversion (FCF/Net Income)	-1.99x	6.80x	59.44x	-0.65x	-0.72x
Interest Paid	10.34M	22.75M	18.05M	47.86M	25.99M
Taxes Paid	0	9.51M	2.24M	17.71M	17.43M

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	-5.1%	1.95%	0.64%	-	-
Return on Invested Capital (ROIC)	-0.17%	4.48%	2.62%	12.62%	34.59%
Gross Margin	69.92%	74.38%	73.7%	74.02%	74.59%
Net Margin	-12.51%	3.47%	0.44%	-21.47%	-38.01%
Debt / Equity	0.76x	0.52x	90.16x	-	-
Interest Coverage	-	1.27x	0.41x	1.21x	3.61x
FCF Conversion	-1.99x	6.80x	59.44x	-0.65x	-0.72x
Revenue Growth	-	39.6%	33.72%	33.16%	32.71%

Revenue by Segment

	2022	2023	2024
License and Service	-	225.28M	290.89M
License and Service Growth	-	-	29.12%
Advertising	-	34.41M	53.75M
Advertising Growth	-	-	56.21%
North America	121.96M	-	-
North America Growth	-	-	-
Other Countries	58.72M	-	-
Other Countries Growth	-	-	-
Europe	14.34M	-	-
Europe Growth	-	-	-

Revenue by Geography

	2022	2023	2024
North America	121.96M	159.03M	208.59M
North America Growth	-	30.40%	31.16%
Europe	14.34M	61.89M	83.37M
Europe Growth	-	331.63%	34.70%
Other Countries	58.72M	38.77M	52.69M
Other Countries Growth	-	-33.98%	35.91%

Frequently Asked Questions

Growth & Financials

Grindr Inc. (GRND) reported $411.5M in revenue for fiscal year 2024. This represents a 294% increase from $104.5M in 2020.

Grindr Inc. (GRND) grew revenue by 32.7% over the past year. This is strong growth.

Grindr Inc. (GRND) reported a net loss of $49.4M for fiscal year 2024.

Dividend & Returns

Grindr Inc. (GRND) generated $140.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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