Grindr achieved a 38.3% year-over-year revenue growth rate in 2026Q1 while maintaining a stable gross margin profile of approximately 74.9%.
| Sales/Revenue | 475.9M | 439.9M | 344.64M | 259.69M | 195.01M | 145.83M | 104.46M |
| Revenue Growth % | 31.02% | 27.64% | 32.71% | 33.16% | 33.72% | 39.6% | - |
| Cost of Goods Sold | 121.67M | 121.42M | 87.58M | 67.46M | 51.28M | 37.36M | 31.42M |
| COGS % of Revenue | - | 27.6% | 25.41% | 25.98% | 26.3% | 25.62% | 30.08% |
| Gross Profit | 354.24M | 318.48M | 257.06M | 192.23M | 143.74M | 108.47M | 73.04M |
| Gross Margin % | 74.43% | 72.4% | 74.59% | 74.02% | 73.7% | 74.38% | 69.92% |
| Gross Profit Growth % | - | 23.89% | 33.72% | 33.74% | 32.51% | 48.51% | - |
| Operating Expenses | 210.61M | 192.19M | 164.46M | 136.78M | 130.7M | 84.77M | 73.95M |
| OpEx % of Revenue | - | 43.69% | 47.72% | 52.67% | 67.02% | 58.12% | 70.79% |
| Selling, General & Admin | 150.73M | 143.26M | 113.55M | 80.42M | 75.3M | 30.62M | 31.25M |
| SG&A % of Revenue | - | 32.57% | 32.95% | 30.97% | 38.61% | 21% | 29.92% |
| Research & Development | 54.57M | 48.93M | 36.4M | 29.33M | 17.9M | 10.91M | 15.36M |
| R&D % of Revenue | - | 11.12% | 10.56% | 11.29% | 9.18% | 7.48% | 14.71% |
| Other Operating Expenses | 2.98M | 0 | 14.51M | 27.04M | 37.51M | 43.23M | 27.33M |
| Operating Income | 143.91M | 126.29M | 92.6M | 55.45M | 13.04M | 23.71M | -907K |
| Operating Margin % | 30.24% | 28.71% | 26.87% | 21.35% | 6.68% | 16.26% | -0.87% |
| Operating Income Growth % | - | 36.38% | 67% | 325.38% | -45.02% | 2714.11% | - |
| EBITDA | 150.28M | 135.15M | 105.92M | 82.49M | 51.59M | 66.94M | 25.77M |
| EBITDA Margin % | 31.58% | 30.72% | 30.73% | 31.76% | 26.45% | 45.9% | 24.67% |
| EBITDA Growth % | 34.88% | 27.6% | 28.4% | 59.89% | -22.94% | 159.76% | - |
| D&A (Non-Cash Add-back) | 6.37M | 8.86M | 13.32M | 27.04M | 38.55M | 43.23M | 26.68M |
| EBIT | 143.82M | 136.26M | 93.85M | -5.74M | 31.53M | 25M | 333K |
| Net Interest Income | -7.16M | -17.64M | -25.62M | -46.01M | -31.54M | -18.7M | 14.65K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 14.65K |
| Interest Expense | 7.16M | 17.64M | 25.62M | 46.01M | 31.54M | 18.7M | 0 |
| Other Income/Expense | -20.95M | -7.67M | -210.89M | -107.19M | -13.04M | -17.41M | -9.59M |
| Pretax Income | 122.96M | 118.61M | -118.29M | -51.74M | -7K | 6.3M | -10.5M |
| Pretax Margin % | 25.84% | 26.96% | -34.32% | -19.93% | -0% | 4.32% | -10.05% |
| Income Tax | 28.48M | 23.86M | 12.71M | 4.02M | -859K | 1.24M | 2.57M |
| Effective Tax Rate % | 23.16% | 20.12% | -10.75% | -7.77% | 12271.43% | 19.62% | -24.5% |
| Net Income | 94.48M | 94.75M | -131M | -55.77M | 852K | 5.06M | -13.07M |
| Net Margin % | 19.85% | 21.54% | -38.01% | -21.47% | 0.44% | 3.47% | -12.51% |
| Net Income Growth % | 199.9% | 172.33% | -134.9% | -6645.54% | -83.18% | 138.74% | - |
| Net Income (Continuing) | 94.48M | 94.75M | -131M | -55.77M | 852K | 5.06M | -13.07M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.51 | 0.49 | -0.74 | -0.32 | 0.01 | 0.03 | -0.60 |
| EPS Growth % | 182.22% | 166.22% | -131.25% | - | -83.69% | 105.52% | - |
| EPS (Basic) | - | 0.50 | -0.74 | -0.32 | 0.01 | 0.03 | -0.60 |
| Diluted Shares Outstanding | 185.09M | 192.56M | 175.88M | 174.17M | 159.17M | 152.87M | 34.5M |
| Basic Shares Outstanding | 183.32M | 189.71M | 175.88M | 174.17M | 157.88M | 152.81M | 34.5M |
| Dividend Payout Ratio | - | - | - | - | 23040.49% | - | - |
Regulatory and Data Privacy
According to the latest quarterly financial data, Grindr achieved a 38.3% year-over-year revenue growth rate in 2026Q1, signaling that the company's monetization strategy is successfully outpacing the broader dating sector's stagnation as observed in the performance of legacy peers like Match Group.
The acceleration in top-line growth suggests that the platform's niche utility model is effectively converting free users into high-margin subscribers. This trajectory appears durable, provided the company maintains its unique network density and avoids the user fatigue often associated with aggressive monetization tactics.
As reported in recent income statements, Grindr maintains a consistent gross margin profile of approximately 74-75%, which reflects a stable cost structure despite the inherent volatility of mobile app store commission fees that typically constrain profitability for consumer-facing software platforms.
The ability to sustain these margins suggests significant pricing power within its core demographic. Investors should monitor whether future shifts in app store billing policies or increased moderation costs might compress these figures, as the current level represents a high-water mark for the industry.
Based on the provided financial figures, Grindr's operating income reached $43.0 million in 2026Q1, demonstrating that incremental revenue is flowing efficiently to the bottom line as the company scales its infrastructure without a proportional increase in overhead expenses.
The expansion of operating margins to 33.1% indicates that the business is successfully leveraging its fixed-cost base. This trend suggests that the company is moving past its initial public listing phase and into a period of optimized operational maturity.
Analysis of the company's historical income statements reveals that net income has been frequently impacted by significant stock-based compensation expenses, which reached $16.5 million in 2025Q2, complicating the assessment of true underlying profitability and cash-generative capacity for shareholders.
Investors should exercise caution when evaluating GAAP net income, as these non-cash charges create substantial quarterly variance. A focus on adjusted metrics is warranted to strip away these distortions and better understand the core operational performance of the business.
While current performance appears robust, a critical challenge to the bullish narrative is the potential for margin compression if user acquisition costs rise or if the company is forced to increase R&D spending to address evolving data privacy and safety regulatory requirements.
The reliance on a specific demographic niche may limit the total addressable market, potentially forcing the company to spend more aggressively on marketing to maintain growth. This warrants further investigation into whether the current growth rate is sustainable without sacrificing long-term profitability.
Quick answers to the most common questions about buying GRND stock.
For fiscal year 2025, Grindr Inc. (GRND) reported total revenue of $439.9M. This represents a 321.1% increase compared to $104.5M in 2020.
Grindr Inc. (GRND) is profitable, generating $94.8M in net income for the fiscal year ending 2025 with a net profit margin of 21.5%.
Grindr Inc. (GRND) reported an operating income of $126.3M, resulting in an operating profit margin of 28.7%. This margin reflects the operational efficiency of the business before interest and taxes.
Grindr Inc. (GRND) generated $318.5M in gross profit for the year, representing a gross profit margin of 72.4%. This demonstrates the company's core pricing power and production efficiency.