Operational efficiency remains high, evidenced by a peak free cash flow margin of 44.3% in 2025Q3 and minimal capital intensity with CapEx/Revenue ratios consistently below 2.3%.
| Cash from Operations | 149.93M | 141.52M | 94.96M | 36.15M | 50.64M | 34.43M | 26.06M |
| Operating CF Margin % | - | 32.17% | 27.55% | 13.92% | 25.97% | 23.61% | 24.94% |
| Operating CF Growth % | 247.3% | 49.03% | 162.7% | -28.63% | 47.09% | 32.13% | - |
| Net Income | 94.48M | 94.75M | -131M | -55.77M | 852K | 5.06M | -13.07M |
| Depreciation & Amortization | 6.59M | 8.86M | 16.91M | 27.04M | 37.51M | 43.23M | 27.61M |
| Stock-Based Compensation | 22.55M | 0 | 37.27M | 15.82M | 28.42M | 2.6M | 1.26M |
| Deferred Taxes | 2.65M | 2.63M | -5.91M | -7.98M | -11.22M | -4.31M | 0 |
| Other Non-Cash Items | 39.43M | 48.49M | 186.53M | 64.37M | -7.37M | -1.22M | 6.67M |
| Working Capital Changes | -15.77M | -13.22M | -8.85M | -7.34M | 2.45M | -10.94M | 3.6M |
| Change in Receivables | -16.8M | -18.32M | -14.97M | -11.89M | -4.83M | -6.11M | -721K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | -13.23M | 0 |
| Change in Payables | 1.12M | -1.88M | -461K | -713K | 1.8M | 1.84M | 0 |
| Cash from Investing | -9.55M | -8.62M | -5.34M | -4.23M | -5.58M | -3.8M | -264.46M |
| Capital Expenditures | -4.86M | -8.62M | -945K | -509K | -5.58M | -3.8M | -467K |
| CapEx % of Revenue | 1.02% | 1.96% | 0.27% | 0.2% | 2.86% | 2.6% | 0.45% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | -263.84M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -4.69M | 0 | -4.4M | -3.72M | 0 | 0 | -147K |
| Cash from Financing | -371.12M | -105.01M | -58.85M | -13.04M | -52.11M | -56.25M | 299.69M |
| Debt Issued (Net) | 85.63M | 103.52M | -50.8M | -3.73M | 225.54M | -56.64M | 193.51M |
| Equity Issued (Net) | -326.61M | -134.66M | 4.02M | 2.72M | 5.18M | 1.35M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | -196.31M | 0 | 0 |
| Share Repurchases | -322.91M | -450.51M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -130.14M | -73.87M | -12.08M | -12.03M | -86.53M | -960K | 106.17M |
| Net Change in Cash | -232.06M | 27.89M | 30.76M | 18.88M | -7.05M | -25.62M | 61.29M |
| Free Cash Flow | 145.28M | 140.77M | 94.01M | 31.92M | 45.06M | 30.63M | 25.59M |
| FCF Margin % | 30.53% | 32% | 27.28% | 12.29% | 23.11% | 21.01% | 24.5% |
| FCF Growth % | 55.42% | 49.74% | 194.55% | -29.17% | 47.09% | 19.7% | - |
| FCF per Share | 0.78 | 0.73 | 0.53 | 0.18 | 0.28 | 0.20 | 0.74 |
| FCF Conversion (FCF/Net Income) | 1.54x | 1.49x | -0.72x | -0.65x | 59.44x | 6.80x | -1.99x |
| Interest Paid | 10.42M | 0 | 25.99M | 47.86M | 18.05M | 22.75M | 10.34M |
| Taxes Paid | -436K | 0 | 17.43M | 17.71M | 2.24M | 9.51M | 0 |
Regulatory and Data Privacy
As reported in recent financial filings, Grindr's operating cash flow frequently decouples from net income, with the OCF/NI ratio fluctuating wildly from -2.17 in 2024Q1 to 2.25 in 2025Q2, suggesting that GAAP earnings are currently an unreliable proxy for the company's actual cash-generative capacity.
The significant variance between net income and operating cash flow appears driven by non-cash charges and shifting working capital requirements. Investors should monitor this divergence closely, as it indicates that the company's reported profitability is heavily influenced by accounting adjustments rather than pure operational cash inflows.
Based on the provided quarterly data, Grindr has demonstrated a resilient free cash flow trajectory, peaking at a 44.3% FCF margin in 2025Q3, which highlights the platform's ability to convert revenue into liquidity despite the inherent costs of maintaining a high-traffic social application.
The consistent ability to generate positive free cash flow, even during periods of reported net losses, suggests that the underlying business model is fundamentally cash-generative. This trend implies that the company's core subscription-based revenue stream is highly efficient at covering its operational overhead.
According to historical cash flow statements, Grindr maintains an exceptionally low capital intensity, with CapEx/Revenue ratios consistently remaining below 2.3% over the last ten quarters, indicating that the platform requires minimal physical infrastructure investment to sustain its current growth and user engagement levels.
This low capital requirement is a hallmark of a mature software-as-a-service model, allowing the company to direct the vast majority of its operating cash flow toward other strategic priorities. The lack of heavy maintenance CapEx suggests that the company's primary investment focus remains on software development and user acquisition rather than hardware.
As evidenced by the financial data, Grindr has utilized its cash reserves to execute significant share repurchases, notably spending $168.7 million in 2025Q2, which suggests a management preference for returning capital to shareholders over pursuing large-scale acquisitions or aggressive debt reduction strategies.
The scale of these buybacks relative to operating cash flow warrants further investigation into management's long-term capital allocation philosophy. Investors should consider whether this aggressive return of capital might limit the company's flexibility to address future regulatory challenges or competitive threats.
Quick answers to the most common questions about buying GRND stock.
Grindr Inc. (GRND) generated $141.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Grindr Inc. (GRND) generated $140.8M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Grindr Inc. (GRND) spent $8.6M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Grindr Inc. (GRND) spent $450.5M on share repurchases. This shows the company's commitment to returning capital to its equity investors.