Grindr (GRND) financial statements
Grindr reported revenue of $440M in fiscal 2025, up 31.8% a year over 4 years.
Net income was $95M and the operating margin 28.7%, against 16.3% in 2021.
Free cash flow was $133M, and the company returned $451M in net buybacks.
The diluted share count rose 28% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Grindr's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $146M | $195M | $260M | $345M | $440M |
| Cost of revenue | $37M | $51M | $67M | $88M | $113M |
| Gross profit | $108M | $144M | $192M | $257M | $327M |
| Research and development | $11M | $18M | $29M | $33M | $49M |
| Selling, general and admin | $31M | $75M | $80M | $115M | $143M |
| Operating income | $24M | $13M | $55M | $93M | $126M |
| Pre-tax income | $6M | -$7,000 | -$52M | -$118M | $119M |
| Income tax | $1M | -$859,000 | $4M | $13M | $24M |
| Net income | $5M | $852,000 | -$56M | -$131M | $95M |
| EPS (diluted) | $0.03 | $0.01 | -$0.32 | -$0.74 | $0.43 |
| Diluted shares | 153M | 159M | 174M | 176M | 195M |
| Gross margin | 74.4% | 73.7% | 74.0% | 74.6% | 74.4% |
| Operating margin | 16.3% | 6.7% | 21.4% | 26.9% | 28.7% |
| Net margin | 3.5% | 0.4% | -21.5% | -38.0% | 21.5% |
Balance sheet
Fiscal years, from Grindr's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $17,499 | $9M | $28M | $59M | $87M |
| Receivables | $18M | $22M | $34M | $50M | $68M |
| Total current assets | $44M | $43M | $72M | $117M | $166M |
| Property, plant and equipment | $2M | $2M | $2M | $2M | $1M |
| Goodwill | $259M | $276M | $276M | $276M | $276M |
| Total assets | $450M | $439M | $445M | $479M | $531M |
| Total current liabilities | $30M | $62M | $61M | $68M | $85M |
| Long-term debt | $133M | $338M | $326M | $276M | $376M |
| Total liabilities | $186M | $435M | $463M | $611M | $484M |
| Shareholders' equity | -$36M | $4M | -$18M | -$132M | $47M |
| Net debt | $137M | $352M | $313M | $231M | $309M |
Cash flow
Fiscal years, from Grindr's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $34M | $51M | $36M | $95M | $142M |
| Capital spending | $269,000 | $430,000 | $4M | $5M | $9M |
| Free cash flow | $34M | $50M | $32M | $90M | $133M |
| Stock-based compensation | $3M | $28M | $16M | $37M | $55M |
| Share buybacks (net) | — | — | $0 | $0 | -$451M |
| Net borrowing | -$57M | $227M | -$23M | -$51M | $106M |
| Free cash flow margin | 23.4% | 25.7% | 12.3% | 26.0% | 30.2% |
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Open GRND in InvestinglyQuestions
What was Grindr's revenue in 2025?
$440M in fiscal 2025, from its 10-K filing.
How much free cash flow does Grindr generate?
$133M in fiscal 2025 (operating cash flow minus capital spending).
From Grindr's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.