A Business at a Glance
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Grindr Inc.
GRND
$3.3B
Mkt Cap
$14.85
+1.02%
Grindr Inc. (GRND) has a current P/E ratio of 34.5, compared to its historical median P/E of 31.4. The stock is currently considered Expensive based on its historical valuation range.
Grindr Inc. (GRND) has a 5-year average return on invested capital (ROIC) of 49.9%. This indicates strong capital allocation and a potential competitive advantage.
Grindr Inc. (GRND) has a market capitalization of $3.3B. It is classified as a mid-cap stock.
Grindr Inc. (GRND) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 13.77%.
Based on historical P/E analysis, Grindr Inc. (GRND) appears expensive. The current P/E of 34.5 is 10% above its historical median of 31.4. The estimated fair value CAGR (P/E method) is 43.6%.
Grindr Inc. (GRND) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
Grindr Inc. (GRND) reported annual revenue of $440 million in its most recent fiscal year, based on SEC EDGAR filings.
Our Company Our mission is to build the Global Gayborhood in Your Pocket™, and, through our success, to make a world where the lives of our global LGBTQ community are free, equal, and just. We manage and operate the Grindr platform, a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults around the world. We had 15.0 million, 14.2 million, and 13.3 million Average MAUs for the years ended December 31, 2025, 2024, and 2023, respectively. Additionally, we had 1.3 million, 1.1 million, and 0.9 million Average Paying Users for the years ended December 31, 2025, 2024, and 2023, respectively. We enable our users to find and engage with one another, share content and interests, discover products and experiences relevant for them, and generally express their unique selves.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 440M | 440M | 345M | 260M | 195M | 146M |
| Net Income | 95M | 95M | -131M | -56M | 852K | 23M |
| EPS | $0.43 | $0.43 | $-0.74 | $-0.32 | $0.01 | $0.03 |
| Free Cash Flow | 141M | 141M | 94M | 36M | 50M | 34M |
| ROIC | 26.7% | 58.1% | 163.4% | 16.9% | 5.9% | 5.2% |
| Gross Margin | 74.4% | 74.4% | 74.6% | 74.0% | 73.7% | 74.4% |
| Debt/Equity | 8.90 | 8.90 | -2.33 | -18.82 | 90.16 | -3.79 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 126M | 126M | 93M | 55M | 13M | 24M |
| Operating Margin | 28.7% | 28.7% | 26.9% | 21.4% | 6.7% | 16.3% |
| ROE | 201.6% | 201.6% | - | - | 21.0% | - |
| Shares Outstanding | 220M | 220M | 177M | 174M | 174M | 156M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 146M | 195M | 260M | 345M | 440M | 440M |
| Gross Margin | 74.4% | 73.7% | 74.0% | 74.6% | 74.4% | 74.4% |
| R&D | 11M | 18M | 29M | 33M | 49M | 49M |
| SG&A | 31M | 75M | 80M | 115M | 143M | 143M |
| EBIT | 24M | 13M | 55M | 93M | 126M | 126M |
| Op. Margin | 16.3% | 6.7% | 21.4% | 26.9% | 28.7% | 28.7% |
| Net Income | 23M | 852K | -56M | -131M | 95M | 95M |
| Net Margin | 15.9% | 0.4% | -21.5% | -38.0% | 21.5% | 21.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | 5.2% | 5.9% | 16.9% | 163.4% | 58.1% | 26.7% |
| ROE | N/A | 21.0% | N/A | N/A | 201.6% | 201.6% |
| ROA | 6.4% | 0.2% | -12.6% | -27.3% | 18.8% | 17.8% |
| Cash Flow | ||||||
| Op. Cash Flow | 34M | 51M | 36M | 95M | 142M | 142M |
| Free Cash Flow | 34M | 50M | 36M | 94M | 141M | 141M |
| Owner Earnings | -11M | -15M | -6.7M | 41M | 78M | 78M |
| CapEx | 269K | 430K | 509K | 945K | 746K | 746K |
| Maint. CapEx | 43M | 38M | 27M | 17M | 8.9M | 8.9M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 43M | 38M | 27M | 17M | 8.9M | 8.9M |
| CapEx/OCF | 0.8% | 0.8% | 1.4% | 1.0% | 0.5% | 0.5% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 451M | 451M |
| Buyback Yield | N/A | N/A | N/A | N/A | 15.2% | 13.8% |
| Stock-Based Comp | 2.6M | 28M | 16M | 37M | 55M | 55M |
| Debt Repayment | 57M | 3.5M | 367M | 51M | 309M | 309M |
| Balance Sheet | ||||||
| Net Debt | 116M | 357M | 317M | 188M | 244M | 331M |
| Cash & Equiv. | 16M | 8.7M | 28M | 59M | 87M | 87M |
| Long-Term Debt | 133M | 338M | 326M | 276M | 376M | 376M |
| Debt/Equity | -3.79 | 90.16 | -18.82 | -2.33 | 8.90 | 8.90 |
| Interest Coverage | 1.3 | 0.4 | 1.2 | 3.6 | 7.2 | 7.2 |
| Equity | -36M | 4.1M | -18M | -132M | 47M | 47M |
| Total Assets | 450M | 439M | 445M | 479M | 531M | 531M |
| Total Liabilities | 186M | 435M | 463M | 742M | 484M | 484M |
| Intangibles | 140M | 105M | 82M | 70M | 66M | 66M |
| Retained Earnings | -36M | -5.0M | -61M | -192M | -97M | -97M |
| Working Capital | 14M | -19M | 11M | 49M | 81M | 81M |
| Current Assets | 44M | 43M | 72M | 117M | 166M | 166M |
| Current Liabilities | 30M | 62M | 61M | 68M | 85M | 85M |
| Per Share Data | ||||||
| EPS | 0.03 | 0.01 | -0.32 | -0.74 | 0.43 | 0.43 |
| Owner EPS | -0.07 | -0.09 | -0.04 | 0.23 | 0.35 | 0.35 |
| Book Value | -0.23 | 0.02 | -0.10 | -0.74 | 0.21 | 0.21 |
| Cash Flow/Share | 0.22 | 0.29 | 0.21 | 0.54 | 0.64 | 0.47 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 155.5M | 173.5M | 174.3M | 177.0M | 220.4M | 220.4M |
| Valuation | ||||||
| P/E Ratio | 337.8 | 465.0 | N/A | N/A | 31.4 | 34.5 |
| P/FCF | 46.1 | 16.1 | 43.8 | 33.7 | 21.1 | 23.2 |
| EV/EBIT | 77.0 | 88.9 | 33.8 | 36.3 | 25.5 | 28.5 |
| Price/Book | N/A | 199.1 | N/A | N/A | 63.2 | 69.6 |
| Price/Sales | 11.8 | 9.0 | 4.1 | 5.8 | 8.9 | 7.4 |
| FCF Yield | 2.0% | 6.2% | 2.3% | 3.0% | 4.7% | 4.3% |
| Market Cap | 1.7B | 807M | 1.6B | 3.2B | 3.0B | 3.3B |
| Avg. Price | 10.18 | 10.06 | 6.08 | 11.30 | 17.68 | 14.85 |
| Year-End Price | 10.13 | 4.65 | 8.96 | 17.92 | 13.49 | 14.85 |
Grindr Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
Grindr Inc. trades at 34.5x trailing earnings, compared to its 15-year median P/E of 31.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.5x vs a median of 33.7x. The company's 5-year average ROIC is 49.9% with a gross margin of 74.2%. Total shareholder yield (buybacks) is 13.8%. At current prices, the estimated annualized return to fair value is +17.2%.
Grindr Inc. (GRND) has a net profit margin of 21.5%. This is a strong margin indicating high profitability.
Grindr Inc. (GRND) generated $141 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Grindr Inc. (GRND) has a debt-to-equity ratio of 8.90. This indicates higher leverage, which may increase financial risk.
Grindr Inc. (GRND) reported earnings per share (EPS) of $0.43 in its most recent fiscal year.
Grindr Inc. (GRND) has a return on equity (ROE) of 201.6%. This indicates the company generates strong returns for shareholders.
Grindr Inc. (GRND) has a 5-year average gross margin of 74.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for Grindr Inc. (GRND), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Grindr Inc. (GRND) has a book value per share of $0.21, based on its most recent annual SEC filing.