The company's financial leverage has increased significantly, with the debt-to-equity ratio rising to 23.84 in 2026Q1 compared to 8.53 in 2025Q4.
| Total Current Assets | 104.5M | 161.37M | 116.98M | 71.75M | 43.18M | 43.91M | 58.42M |
| Cash & Short-Term Investments | 23.81M | 87.05M | 59.15M | 27.61M | 8.72M | 15.78M | 41.39M |
| Cash Only | 23.81M | 87.05M | 59.15M | 27.61M | 8.72M | 15.78M | 41.39M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 70.17M | 67.95M | 50.18M | 35.44M | 22.43M | 21.16M | 11.83M |
| Days Sales Outstanding | 48.71 | 56.38 | 53.15 | 49.82 | 41.99 | 52.96 | 41.35 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 10.52M | 1.27M | 4.9M | 4.51M | 4.4M | 4.64M | 3.27M |
| Total Non-Current Assets | 366.42M | 369.66M | 362.11M | 372.85M | 395.64M | 405.81M | 445.29M |
| Property, Plant & Equipment | 4.88M | 5.88M | 4.72M | 4.94M | 6.56M | 2.37M | 2.87M |
| Fixed Asset Turnover | 90.71x | 74.88x | 73.02x | 52.59x | 29.75x | 61.43x | 36.45x |
| Goodwill | 275.7M | 0 | 275.7M | 275.7M | 275.7M | 258.62M | 258.62M |
| Intangible Assets | 65.84M | 354.54M | 78.62M | 89.77M | 111.93M | 143.34M | 182.29M |
| Long-Term Investments | 605K | 605K | 605K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19.99M | 8.64M | 1.21M | 2.44M | 1.46M | 1.48M | 1.51M |
| Total Assets | 470.92M | 531.03M | 479.09M | 444.6M | 438.83M | 449.73M | 503.7M |
| Asset Turnover | 0.96x | 0.83x | 0.72x | 0.58x | 0.44x | 0.32x | 0.21x |
| Asset Growth % | 2.27% | 10.84% | 7.76% | 1.31% | -2.42% | -10.72% | - |
| Total Current Liabilities | 79.44M | 84.92M | 67.81M | 60.64M | 61.85M | 29.89M | 81.43M |
| Accounts Payable | 4.16M | 1.67M | 3.26M | 3.53M | 5.43M | 2.44M | 592K |
| Days Payables Outstanding | 8.78 | 5.03 | 13.59 | 19.08 | 38.69 | 23.81 | 6.88 |
| Short-Term Debt | 20M | 20M | 15M | 15M | 22.15M | 3.84M | 56.27M |
| Deferred Revenue (Current) | 94.06M | 24.29M | 19.97M | 19.18M | 18.59M | 20.08M | 0 |
| Other Current Liabilities | 30.74M | 38.97M | 13.44M | 7.29M | 813K | 320K | 22.64M |
| Current Ratio | 1.32x | 1.90x | 1.73x | 1.18x | 0.70x | 1.47x | 0.72x |
| Quick Ratio | 1.32x | 1.90x | 1.73x | 1.18x | 0.70x | 1.47x | 0.72x |
| Cash Conversion Cycle | 39.93 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 390.64M | 399.1M | 542.85M | 402.25M | 372.92M | 156.6M | 166.02M |
| Long-Term Debt | 0 | 378.43M | 275.58M | 325.6M | 338.48M | 133.28M | 137.67M |
| Capital Lease Obligations | 3.56M | 2.57M | 963K | 2.24M | 3.66M | 0 | 0 |
| Deferred Tax Liabilities | 2.78M | 1.39M | 0 | 4.67M | 12.53M | 20.91M | 0 |
| Other Non-Current Liabilities | 389.25M | 16.7M | 266.31M | 69.74M | 18.26M | 2.4M | 28.35M |
| Total Liabilities | 470.08M | 484.02M | 610.66M | 462.89M | 434.78M | 186.49M | 247.45M |
| Total Debt | 20M | 401.01M | 293.91M | 344.25M | 365.34M | 137.12M | 193.93M |
| Net Debt | -3.81M | 313.96M | 234.76M | 316.64M | 356.61M | 121.34M | 152.54M |
| Debt / Equity | 23.84x | 8.53x | - | - | 90.16x | 0.52x | 0.76x |
| Debt / EBITDA | 0.13x | 2.97x | 2.77x | 4.17x | 7.08x | 2.05x | 7.53x |
| Net Debt / EBITDA | -0.03x | 2.32x | 2.22x | 3.84x | 6.91x | 1.81x | 5.92x |
| Interest Coverage | 20.08x | 7.72x | 3.66x | -0.12x | 1.00x | 1.34x | - |
| Total Equity | 839K | 47.01M | -131.57M | -18.29M | 4.05M | 263.24M | 256.26M |
| Equity Growth % | 1214.98% | 135.73% | -619.28% | -551.43% | -98.46% | 2.72% | - |
| Book Value per Share | 0.00 | 0.24 | -0.75 | -0.11 | 0.03 | 1.72 | 7.43 |
| Total Shareholders' Equity | 839K | 47.01M | -131.57M | -18.29M | 4.05M | 263.24M | 256.26M |
| Common Stock | 18K | 18K | 18K | 18K | 17K | 16K | 1K |
| Retained Earnings | -70.31M | -97.06M | -191.81M | -60.81M | -5.04M | -5.89M | -10.96M |
| Treasury Stock | 0 | 0 | -14.29M | -2.15M | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
High Leverage and Goodwill
As reported in recent quarterly filings, Grindr's equity position has experienced significant fluctuations, swinging from a deficit of $131.6 million in 2024Q4 to a positive $839.0 thousand by 2026Q1, reflecting the ongoing impact of historical accounting adjustments and aggressive capital allocation strategies on the firm's net worth.
The rapid transition from negative to positive equity suggests that the company is working through the structural legacy of its post-SPAC capital structure. Investors should monitor whether this stabilization in equity is sustainable or if it remains vulnerable to further non-cash charges or accounting volatility.
Based on the 2026Q1 financial data, Grindr's debt-to-equity ratio has spiked to 23.84, a sharp departure from the 8.53 observed in 2025Q4, which suggests that the company's reliance on debt financing has increased significantly relative to its thin equity base during the most recent quarter.
This elevated leverage warrants close scrutiny, as it may limit the company's financial flexibility in a higher-rate environment. While the debt levels appear manageable in the context of current cash flow, the high D/E ratio indicates that the balance sheet is currently sensitive to any potential operational downturns.
According to the latest balance sheet, goodwill accounts for $275.7 million of the $470.9 million in total assets as of 2026Q1, indicating that a substantial portion of the company's asset base is tied to intangible valuation rather than tangible, revenue-generating physical infrastructure or liquid holdings.
The heavy reliance on goodwill suggests that the company's book value is highly sensitive to impairment testing, which could lead to significant write-downs if the underlying business performance fails to meet long-term expectations. This concentration of intangibles underscores the importance of monitoring the platform's user retention and competitive moat.
As reported in the 2026Q1 financial statements, the current ratio has tightened to 1.32 from a peak of 4.22 in 2025Q1, signaling that the company's immediate liquidity cushion has narrowed as cash reserves were deployed and current liabilities remained a persistent feature of the balance sheet.
While a current ratio of 1.32 remains above the critical threshold of 1.0, the downward trend suggests that the company is operating with less of a buffer against short-term shocks than it was a year ago. Investors should watch for further contraction in this metric as a potential indicator of tightening working capital efficiency.
Quick answers to the most common questions about buying GRND stock.
As of 2025, Grindr Inc. (GRND) had total assets of $531.0M including $161.4M in current assets.
Grindr Inc. (GRND) carries total debt of $401.0M, offset by $87.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Grindr Inc. (GRND) has total shareholders' equity (book value) of $47.0M ($0.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Grindr Inc. (GRND) reported a current ratio of 1.90x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.