Grindr (GRND) Financials

$23.06 -0.09 (-0.37%)

As of 11:25 AM Eastern

Annual Income Statements for Grindr

This table shows Grindr's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5.06	0.85	-56	-131
Consolidated Net Income / (Loss)	5.06	0.85	-56	-131
Net Income / (Loss) Continuing Operations	5.06	0.85	-56	-131
Total Pre-Tax Income	6.30	-0.01	-52	-118
Total Operating Income	24	13	55	93
Total Gross Profit	108	144	192	257
Total Revenue	146	195	260	345
Operating Revenue	146	195	260	345
Total Cost of Revenue	37	51	67	88
Operating Cost of Revenue	37	51	67	88
Total Operating Expenses	85	131	137	164
Selling, General & Admin Expense	31	75	80	115
Research & Development Expense	11	18	29	33
Depreciation Expense	43	38	27	17
Total Other Income / (Expense), net	-17	-13	-107	-211
Interest Expense	19	32	12	0.00
Interest & Investment Income	-	-	-46	-26
Other Income / (Expense), net	1.29	18	-50	-185
Income Tax Expense	1.24	-0.86	4.02	13
Basic Earnings per Share	$0.03	$0.01	($0.32)	($0.74)
Weighted Average Basic Shares Outstanding	152.81M	157.88M	174.17M	175.88M
Diluted Earnings per Share	$0.03	$0.01	($0.32)	($0.74)
Weighted Average Diluted Shares Outstanding	152.87M	159.17M	174.17M	175.88M
Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	175.06M	208.25M

This table shows Grindr's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-4.66	5.31	-33	22	-0.44	-45	-9.41	-22	25	-124
Consolidated Net Income / (Loss)	-4.66	5.31	-33	22	-0.44	-45	-9.41	-22	25	-124
Net Income / (Loss) Continuing Operations	-4.66	5.31	-33	22	-0.44	-45	-9.41	-22	25	-124
Total Pre-Tax Income	-1.18	0.72	-17	8.28	0.84	-43	-6.73	-17	30	-124
Total Operating Income	3.87	2.44	8.59	14	17	16	19	25	28	20
Total Gross Profit	37	40	41	45	52	54	56	61	66	74
Total Revenue	50	55	56	62	70	72	75	82	89	98
Operating Revenue	50	55	56	62	70	72	75	82	89	98
Total Cost of Revenue	13	15	15	16	18	18	20	21	23	24
Operating Cost of Revenue	13	15	15	16	18	18	20	21	23	24
Total Operating Expenses	34	38	32	31	35	37	36	37	38	53
Selling, General & Admin Expense	20	21	19	17	16	28	27	25	25	38
Research & Development Expense	4.16	5.92	5.51	6.20	13	4.35	5.74	7.75	8.81	11
Depreciation Expense	9.10	10	7.95	8.14	5.75	5.20	4.12	4.24	4.24	4.32
Total Other Income / (Expense), net	-5.05	-1.72	-26	-5.65	-16	-60	-26	-42	1.89	-145
Other Income / (Expense), net	-0.26	19	-15	7.27	-3.75	-38	-19	-35	8.29	-139
Income Tax Expense	3.47	-4.59	16	-14	1.27	1.30	2.68	4.97	5.59	-0.53
Basic Earnings per Share	($0.03)	$0.04	($0.19)	$0.13	$0.00	($0.26)	($0.05)	($0.13)	$0.14	($0.70)
Weighted Average Basic Shares Outstanding	155.86M	157.88M	173.60M	173.90M	174.11M	174.17M	175.52M	175.68M	176.03M	175.88M
Diluted Earnings per Share	($0.03)	$0.04	($0.19)	$0.13	$0.00	($0.26)	($0.05)	($0.13)	$0.09	($0.65)
Weighted Average Diluted Shares Outstanding	155.86M	159.17M	173.60M	174.38M	174.11M	174.17M	175.52M	175.68M	179.96M	175.88M
Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	173.84M	174.07M	174.77M	175.06M	175.68M	175.99M	176.61M	208.25M

This table details how cash moves in and out of Grindr's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-26	-7.05	19	31
Net Cash From Operating Activities	34	51	36	95
Net Cash From Continuing Operating Activities	34	51	36	95
Net Income / (Loss) Continuing Operations	5.06	0.85	-56	-131
Consolidated Net Income / (Loss)	5.06	0.85	-56	-131
Depreciation Expense	43	38	27	17
Amortization Expense	2.30	1.28	1.82	0.91
Non-Cash Adjustments To Reconcile Net Income	-0.91	20	78	223
Changes in Operating Assets and Liabilities, net	-15	-8.76	-15	-15
Net Cash From Investing Activities	-3.80	-5.59	-4.23	-5.35
Net Cash From Continuing Investing Activities	-3.80	-5.59	-4.23	-5.35
Purchase of Property, Plant & Equipment	-0.27	-0.43	-4.23	-5.35
Net Cash From Financing Activities	-56	-52	-13	-59
Net Cash From Continuing Financing Activities	-56	-52	-13	-59
Repayment of Debt	-58	-10	-378	-51
Payment of Dividends	0.00	-225	-1.20	0.00
Issuance of Debt	0.00	231	364	0.00
Other Financing Activities, net	1.35	-53	2.72	-8.05
Cash Interest Paid	23	18	48	26
Cash Income Taxes Paid	9.51	2.24	18	17

This table details how cash moves in and out of Grindr's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	1.69	-19	25	-12	7.86	-2.34	-6.85	-5.20	23	20
Net Cash From Operating Activities	8.96	14	8.50	6.28	8.33	13	20	16	29	30
Net Cash From Continuing Operating Activities	8.96	14	8.50	6.28	8.33	13	20	16	29	30
Net Income / (Loss) Continuing Operations	-4.66	5.31	-33	22	-0.44	-45	-9.41	-22	25	-124
Consolidated Net Income / (Loss)	-4.66	5.31	-33	22	-0.44	-45	-9.41	-22	25	-124
Depreciation Expense	9.10	10	7.95	8.14	5.75	5.20	4.12	4.24	4.24	4.32
Amortization Expense	0.30	0.52	0.51	0.49	0.45	0.37	0.23	0.22	0.23	0.23
Non-Cash Adjustments To Reconcile Net Income	8.95	-2.16	19	-2.49	6.93	55	27	43	-0.63	154
Changes in Operating Assets and Liabilities, net	-4.73	-0.12	14	-22	-4.36	-2.85	-1.07	-9.05	0.60	-5.23
Net Cash From Investing Activities	-1.60	-1.81	-1.49	-1.08	-0.91	-0.74	-1.15	-1.70	-1.24	-1.26
Net Cash From Continuing Investing Activities	-1.60	-1.81	-1.49	-1.08	-0.91	-0.74	-1.15	-1.70	-1.24	-1.26
Purchase of Property, Plant & Equipment	-0.09	-0.09	-0.03	-0.06	-0.15	-3.99	-0.20	-0.18	-0.32	-4.65
Net Cash From Financing Activities	-5.67	-31	18	-17	0.44	-15	-26	-19	-5.11	-8.24
Net Cash From Continuing Financing Activities	-5.67	-31	18	-17	0.44	-15	-26	-19	-5.11	-8.24
Repayment of Debt	-1.26	-7.18	-1.06	-18	-	-360	-26	-18	-3.75	-3.75
Other Financing Activities, net	0.11	-54	1.01	0.69	0.44	0.58	-0.40	-1.81	-1.36	-4.49
Cash Interest Paid	5.65	5.46	5.17	18	12	13	2.67	11	6.57	5.70
Cash Income Taxes Paid	1.97	0.03	0.73	0.34	4.43	12	0.00	7.13	2.83	7.47

This table presents Grindr's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	280	450	439	445	479
Total Current Assets	1.41	44	43	72	117
Cash & Equivalents	1.14	16	8.73	28	59
Accounts Receivable	-	18	22	34	50
Prepaid Expenses	0.26	2.33	7.62	4.19	2.75
Other Current Assets	-	7.92	4.40	6.05	5.49
Plant, Property, & Equipment, net	0.00	2.37	2.02	1.58	1.67
Total Noncurrent Assets	279	403	394	371	360
Goodwill	-	259	276	276	276
Intangible Assets	-	143	112	90	79
Noncurrent Deferred & Refundable Income Taxes	-	-	-	0.00	1.24
Other Noncurrent Operating Assets	279	1.48	5.99	5.80	4.87
Total Liabilities & Shareholders' Equity	280	450	439	445	479
Total Liabilities	56	186	435	463	611
Total Current Liabilities	0.06	30	62	61	68
Short-Term Debt	-	3.84	22	15	15
Accounts Payable	-	5.98	21	26	33
Current Deferred Revenue	-	20	19	19	20
Total Noncurrent Liabilities	56	157	373	402	543
Long-Term Debt	-	133	338	326	276
Capital Lease Obligations	-	-	-	2.24	0.96
Noncurrent Deferred & Payable Income Tax Liabilities	-	21	13	4.67	0.00
Other Noncurrent Operating Liabilities	56	2.41	22	70	266
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-54	263	4.05	-18	-132
Total Preferred & Common Equity	-54	263	4.05	-18	-132
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-54	263	4.05	-18	-132
Common Stock	0.00	269	9.10	45	75
Retained Earnings	-54	-5.90	-5.04	-61	-192
Other Equity Adjustments	-	-	0.00	-2.15	-14

This table presents Grindr's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	289	463	445	449	438	435	456
Total Current Assets	0.15	74	63	72	68	68	93
Cash & Equivalents	0.10	34	22	30	22	16	39
Accounts Receivable	-	29	31	32	36	40	44
Prepaid Expenses	0.05	8.00	6.12	5.94	6.79	5.47	5.19
Other Current Assets	-	3.99	4.06	3.92	4.34	5.88	4.38
Plant, Property, & Equipment, net	0.00	1.86	1.73	1.52	1.58	1.55	1.65
Total Noncurrent Assets	289	387	380	375	368	366	362
Goodwill	-	276	276	276	276	276	276
Intangible Assets	-	106	99	94	87	85	82
Other Noncurrent Operating Assets	289	5.74	5.50	5.30	4.70	5.21	4.67
Total Liabilities & Shareholders' Equity	289	463	445	449	438	435	456
Total Liabilities	50	469	424	425	460	477	470
Total Current Liabilities	9.54	85	66	67	63	60	63
Short-Term Debt	1.78	23	22	24	15	15	15
Accounts Payable	-	44	25	24	29	26	28
Current Deferred Revenue	-	18	19	19	19	19	20
Total Noncurrent Liabilities	40	384	358	358	397	417	406
Long-Term Debt	-	337	321	319	300	283	279
Capital Lease Obligations	-	-	-	-	1.86	1.51	1.03
Noncurrent Deferred & Payable Income Tax Liabilities	-	10	7.62	5.46	4.56	3.82	3.42
Other Noncurrent Operating Liabilities	40	37	30	33	90	129	123
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-49	-5.64	21	24	-22	-42	-13
Total Preferred & Common Equity	-49	-5.64	21	24	-22	-42	-13
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-49	-5.64	21	24	-22	-42	-13
Common Stock	0.00	32	36	40	52	57	62
Retained Earnings	-49	-38	-16	-16	-70	-93	-68
Other Equity Adjustments	-	-	-	-	-3.65	-6.13	-7.78

This table displays calculated financial ratios and metrics derived from Grindr's official financial filings.

Metric	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	33.72%	33.16%	32.71%
EBITDA Growth	0.00%	-0.30%	-50.65%	-315.70%
EBIT Growth	0.00%	26.13%	-81.47%	-1,685.80%
NOPAT Growth	0.00%	-52.12%	325.38%	67.00%
Net Income Growth	0.00%	-83.18%	-6,645.54%	-134.90%
EPS Growth	0.00%	-66.67%	-3,300.00%	-131.25%
Operating Cash Flow Growth	0.00%	47.09%	-28.63%	162.70%
Free Cash Flow Firm Growth	0.00%	0.00%	159.16%	166.74%
Invested Capital Growth	0.00%	-7.44%	-16.58%	-66.05%
Revenue Q/Q Growth	0.00%	-31.89%	7.25%	8.00%
EBITDA Q/Q Growth	0.00%	462.79%	-58.08%	-416.99%
EBIT Q/Q Growth	0.00%	152.36%	-87.99%	-2,041.63%
NOPAT Q/Q Growth	0.00%	-63.60%	33.51%	4.57%
Net Income Q/Q Growth	0.00%	103.07%	-879.25%	-152.35%
EPS Q/Q Growth	0.00%	100.76%	-1,500.00%	-111.43%
Operating Cash Flow Q/Q Growth	0.00%	-29.67%	-2.22%	21.03%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	245.06%	66.29%
Invested Capital Q/Q Growth	0.00%	47.66%	-12.04%	-58.45%
Profitability Metrics	-	-	-	-
Gross Margin	74.38%	73.70%	74.02%	74.59%
EBITDA Margin	48.36%	36.06%	13.36%	-21.72%
Operating Margin	16.26%	6.68%	21.35%	26.87%
EBIT Margin	17.14%	16.17%	2.25%	-26.89%
Profit (Net Income) Margin	3.47%	0.44%	-21.47%	-38.01%
Tax Burden Percent	80.38%	-12,171.43%	107.77%	110.75%
Interest Burden Percent	25.20%	-0.02%	-885.44%	127.64%
Effective Tax Rate	19.62%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.96%	2.46%	11.89%	32.59%
ROIC Less NNEP Spread (ROIC-NNEP)	-6.58%	-1.03%	-16.46%	-38.92%
Return on Net Nonoperating Assets (RNNOA)	-3.03%	-1.83%	771.37%	142.24%
Return on Equity (ROE)	1.92%	0.64%	783.26%	174.83%
Cash Return on Invested Capital (CROIC)	0.00%	10.19%	29.97%	131.20%
Operating Return on Assets (OROA)	6.85%	7.10%	1.32%	-20.07%
Return on Assets (ROA)	1.39%	0.19%	-12.63%	-28.36%
Return on Common Equity (ROCE)	0.82%	0.64%	783.26%	174.83%
Return on Equity Simple (ROE_SIMPLE)	1.92%	21.03%	304.88%	99.57%
Net Operating Profit after Tax (NOPAT)	19	9.12	39	65
NOPAT Margin	13.07%	4.68%	14.95%	18.81%
Net Nonoperating Expense Percent (NNEP)	11.53%	3.50%	28.35%	71.52%
Return On Investment Capital (ROIC_SIMPLE)	-	-	11.96%	40.52%
Cost of Revenue to Revenue	25.62%	26.30%	25.98%	25.41%
SG&A Expenses to Revenue	21.00%	38.61%	30.97%	33.29%
R&D to Revenue	7.48%	9.18%	11.29%	9.52%
Operating Expenses to Revenue	58.12%	67.02%	52.67%	47.72%
Earnings before Interest and Taxes (EBIT)	25	32	5.84	-93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	71	70	35	-75
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	1.33	39.59	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.40	0.82	5.91	9.14
Price to Earnings (P/E)	69.03	188.29	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.45%	0.53%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.44	6.23	33.56
Enterprise Value to Revenue (EV/Rev)	3.23	2.63	7.12	9.82
Enterprise Value to EBITDA (EV/EBITDA)	6.68	7.29	53.30	0.00
Enterprise Value to EBIT (EV/EBIT)	18.84	16.25	316.51	0.00
Enterprise Value to NOPAT (EV/NOPAT)	24.71	56.15	47.66	52.19
Enterprise Value to Operating Cash Flow (EV/OCF)	13.68	10.12	51.17	35.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	13.57	18.91	12.97
Leverage & Solvency	-	-	-	-
Debt to Equity	0.52	89.00	-18.74	-2.22
Long-Term Debt to Equity	0.51	83.53	-17.92	-2.10
Financial Leverage	0.46	1.77	-46.85	-3.65
Leverage Ratio	1.50	3.32	-62.04	-6.16
Compound Leverage Factor	0.38	0.00	549.31	-7.87
Debt to Total Capital	34.25%	98.89%	105.64%	182.25%
Short-Term Debt to Total Capital	0.96%	6.07%	4.62%	9.38%
Long-Term Debt to Total Capital	33.29%	92.81%	101.01%	172.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.75%	1.11%	-5.64%	-82.25%
Debt to EBITDA	1.94	5.13	9.88	-3.89
Net Debt to EBITDA	1.72	5.00	9.08	-3.10
Long-Term Debt to EBITDA	1.89	4.81	9.45	-3.69
Debt to NOPAT	7.19	39.52	8.83	4.50
Net Debt to NOPAT	6.37	38.57	8.12	3.59
Long-Term Debt to NOPAT	6.99	37.10	8.45	4.27
Altman Z-Score	1.65	0.84	2.46	2.74
Noncontrolling Interest Sharing Ratio	57.16%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.47	0.70	1.18	1.73
Quick Ratio	1.13	0.50	1.01	1.60
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	38	98	261
Operating Cash Flow to CapEx	12,799.26%	11,777.67%	854.54%	1,776.56%
Free Cash Flow to Firm to Interest Expense	0.00	1.20	8.45	0.00
Operating Cash Flow to Interest Expense	1.84	1.61	3.12	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.83	1.59	2.76	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.40	0.44	0.59	0.75
Accounts Receivable Turnover	0.00	9.67	9.22	8.25
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	88.74	144.39	212.54
Accounts Payable Turnover	0.00	3.79	2.84	2.95
Days Sales Outstanding (DSO)	0.00	37.73	39.59	44.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	96.42	128.71	123.57
Cash Conversion Cycle (CCC)	0.00	-58.69	-89.12	-79.35
Capital & Investment Metrics	-	-	-	-
Invested Capital	385	356	297	101
Invested Capital Turnover	0.38	0.53	0.80	1.73
Increase / (Decrease) in Invested Capital	0.00	-29	-59	-196
Enterprise Value (EV)	471	512	1,850	3,383
Market Capitalization	350	160	1,534	3,151
Book Value per Share	$7.63	$0.12	($0.10)	($0.75)
Tangible Book Value per Share	($4.02)	($11.12)	($2.20)	($2.75)
Total Capital	400	365	325	160
Total Debt	137	361	343	292
Total Long-Term Debt	133	338	328	277
Net Debt	121	352	315	232
Capital Expenditures (CapEx)	0.27	0.43	4.23	5.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.08	-5.24	-1.50	5.02
Debt-free Net Working Capital (DFNWC)	18	3.48	26	64
Net Working Capital (NWC)	14	-19	11	49
Net Nonoperating Expense (NNE)	14	8.27	95	196
Net Nonoperating Obligations (NNO)	121	352	315	232
Total Depreciation and Amortization (D&A)	46	39	29	18
Debt-free, Cash-free Net Working Capital to Revenue	1.43%	-2.69%	-0.58%	1.46%
Debt-free Net Working Capital to Revenue	12.25%	1.79%	10.05%	18.62%
Net Working Capital to Revenue	9.61%	-9.57%	4.28%	14.27%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$1.34	$0.01	($0.32)	($0.74)
Adjusted Weighted Average Basic Shares Outstanding	34.50M	157.88M	174.17M	175.88M
Adjusted Diluted Earnings per Share	$1.34	$0.01	($0.32)	($0.74)
Adjusted Weighted Average Diluted Shares Outstanding	34.50M	159.17M	174.17M	175.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	175.06M	208.25M
Normalized Net Operating Profit after Tax (NOPAT)	19	9.12	39	65
Normalized NOPAT Margin	13.07%	4.68%	14.95%	18.81%
Pre Tax Income Margin	4.32%	0.00%	-19.93%	-34.32%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	1.34	1.00	0.50	0.00
NOPAT to Interest Expense	1.02	0.29	3.35	0.00
EBIT Less CapEx to Interest Expense	1.32	0.99	0.14	0.00
NOPAT Less CapEx to Interest Expense	1.00	0.28	2.99	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	26,380.87%	-2.14%	0.00%
Augmented Payout Ratio	0.00%	26,380.87%	-2.14%	0.00%

This table displays calculated financial ratios and metrics derived from Grindr's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-62.61%	28.21%	32.18%	39.40%	32.20%	35.01%	33.81%	27.14%	35.42%
EBITDA Growth	10.12%	1,340.10%	-89.64%	310.06%	46.29%	-149.90%	158.41%	-121.23%	116.29%	-615.16%
EBIT Growth	-69.49%	854.68%	-175.81%	1,136.02%	255.81%	-201.44%	106.95%	-150.90%	186.07%	-451.77%
NOPAT Growth	505.76%	1.36%	-12.42%	2,720.60%	-420.49%	-36.00%	124.14%	-54.25%	366.83%	24.73%
Net Income Growth	-139.36%	122.75%	-830.93%	619.08%	90.62%	-942.99%	71.41%	-200.42%	5,747.83%	-176.68%
EPS Growth	-104.41%	103.10%	-733.33%	533.33%	100.00%	-750.00%	73.68%	-200.00%	0.00%	-150.00%
Operating Cash Flow Growth	2,022.07%	-60.66%	-39.11%	-54.72%	-6.98%	-5.91%	140.55%	152.31%	249.51%	126.64%
Free Cash Flow Firm Growth	0.00%	0.00%	-36,726.03%	-220.38%	-1,322.38%	51.49%	258.45%	318.04%	212.25%	198.61%
Invested Capital Growth	-2.39%	-7.44%	16.05%	36.61%	40.04%	-16.58%	-14.74%	-29.42%	-28.12%	-66.05%
Revenue Q/Q Growth	8.26%	8.19%	2.35%	10.27%	14.17%	2.60%	4.52%	9.29%	8.48%	9.29%
EBITDA Q/Q Growth	78.76%	146.68%	-94.20%	1,502.79%	-36.23%	-184.15%	130.04%	-231.65%	749.87%	-378.24%
EBIT Q/Q Growth	276.10%	490.17%	-131.05%	421.02%	-39.52%	-268.25%	102.13%	-2,450.76%	439.89%	-424.53%
NOPAT Q/Q Growth	288.77%	561.01%	-66.38%	524.72%	-123.09%	232.00%	17.74%	27.52%	34.64%	-38.30%
Net Income Q/Q Growth	-8.25%	214.02%	-719.57%	167.88%	-101.96%	-10,143.25%	78.99%	-138.40%	210.07%	-601.81%
EPS Q/Q Growth	0.00%	233.33%	-575.00%	168.42%	-100.00%	0.00%	80.77%	-160.00%	169.23%	-822.22%
Operating Cash Flow Q/Q Growth	-35.43%	54.61%	-38.62%	-26.10%	32.65%	56.38%	56.93%	-22.49%	83.75%	1.40%
Free Cash Flow Firm Q/Q Growth	151.07%	440.51%	-182.42%	-40.84%	-94.84%	166.99%	-16.45%	93.80%	0.31%	78.20%
Invested Capital Q/Q Growth	-3.61%	47.66%	-9.93%	6.56%	-1.19%	-12.04%	-7.25%	-11.79%	0.64%	-58.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.30%	73.37%	73.45%	73.82%	74.03%	74.63%	73.96%	74.50%	74.35%	75.37%
EBITDA Margin	25.80%	58.82%	3.33%	48.47%	27.07%	-22.21%	6.38%	-7.69%	46.06%	-117.27%
Operating Margin	7.67%	4.47%	15.39%	22.64%	23.59%	22.69%	25.56%	29.82%	31.78%	20.90%
EBIT Margin	7.15%	39.00%	-11.83%	34.45%	18.25%	-29.92%	0.61%	-13.10%	41.06%	-121.92%
Profit (Net Income) Margin	-9.24%	9.74%	-58.95%	36.29%	-0.62%	-62.10%	-12.48%	-27.23%	27.63%	-126.87%
Tax Burden Percent	393.66%	733.43%	189.12%	269.70%	-52.34%	102.99%	139.85%	128.44%	81.53%	99.58%
Interest Burden Percent	-32.83%	3.40%	263.46%	39.06%	6.51%	201.50%	-1,465.36%	161.81%	82.55%	104.51%
Effective Tax Rate	0.00%	-633.43%	0.00%	-169.70%	152.34%	0.00%	0.00%	0.00%	18.47%	0.00%
Return on Invested Capital (ROIC)	6.30%	17.28%	7.48%	45.87%	-10.33%	12.63%	16.82%	21.49%	28.50%	25.35%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,091.06%	11.96%	-14.98%	36.41%	-5.10%	-4.22%	9.46%	8.37%	29.04%	-25.10%
Return on Net Nonoperating Assets (RNNOA)	-3.01%	21.18%	-20.72%	43.58%	-6.10%	197.59%	-212.56%	-241.23%	1,539.55%	91.72%
Return on Equity (ROE)	3.29%	38.46%	-13.24%	89.44%	-16.43%	210.23%	-195.74%	-219.73%	1,568.05%	117.07%
Cash Return on Invested Capital (CROIC)	0.00%	10.19%	-11.85%	-24.13%	-23.31%	29.97%	31.50%	52.94%	54.09%	131.20%
Operating Return on Assets (OROA)	7.17%	17.12%	-6.56%	20.90%	11.98%	-17.59%	0.38%	-8.94%	28.95%	-90.98%
Return on Assets (ROA)	-9.26%	4.27%	-32.67%	22.02%	-0.41%	-36.51%	-7.74%	-18.57%	19.48%	-94.67%
Return on Common Equity (ROCE)	-0.57%	38.46%	1.79%	-6.04%	1.58%	210.23%	-195.87%	-220.10%	1,568.05%	117.07%
Return on Equity Simple (ROE_SIMPLE)	56.20%	0.00%	648.01%	-47.71%	-23.59%	0.00%	146.47%	184.44%	387.32%	0.00%
Net Operating Profit after Tax (NOPAT)	2.71	18	6.01	38	-8.67	11	13	17	23	14
NOPAT Margin	5.37%	32.81%	10.78%	61.05%	-12.34%	15.88%	17.89%	20.87%	25.91%	14.63%
Net Nonoperating Expense Percent (NNEP)	1,097.36%	5.32%	22.47%	9.45%	-5.23%	16.85%	7.36%	13.12%	-0.54%	50.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	3.53%	-	-	-	8.93%
Cost of Revenue to Revenue	25.70%	26.63%	26.55%	26.18%	25.97%	25.37%	26.04%	25.50%	25.65%	24.63%
SG&A Expenses to Revenue	40.33%	39.17%	33.95%	27.88%	23.37%	38.70%	35.32%	30.12%	27.96%	39.29%
R&D to Revenue	8.25%	10.86%	9.87%	10.08%	18.89%	6.04%	7.62%	9.42%	9.86%	10.76%
Operating Expenses to Revenue	66.63%	68.89%	58.06%	51.18%	50.45%	51.94%	48.40%	44.68%	42.57%	54.47%
Earnings before Interest and Taxes (EBIT)	3.60	21	-6.60	21	13	-22	0.46	-11	37	-119
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13	32	1.86	30	19	-16	4.81	-6.33	41	-114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	39.59	0.00	46.26	41.45	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.25	0.82	5.21	4.33	4.13	5.91	6.35	7.17	6.58	9.14
Price to Earnings (P/E)	0.00	188.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.69	1.44	4.39	3.75	3.89	6.23	7.57	10.09	9.71	33.56
Enterprise Value to Revenue (EV/Rev)	2.27	2.63	6.79	5.77	5.43	7.12	7.41	8.11	7.38	9.82
Enterprise Value to EBITDA (EV/EBITDA)	51.91	7.29	25.95	16.70	15.88	53.30	54.94	1,629.69	99.76	0.00
Enterprise Value to EBIT (EV/EBIT)	51.91	16.25	86.75	32.49	27.00	316.51	160.29	0.00	493.53	0.00
Enterprise Value to NOPAT (EV/NOPAT)	25.88	56.15	156.44	63.54	45.21	47.66	44.70	45.30	38.00	52.19
Enterprise Value to Operating Cash Flow (EV/OCF)	9.01	10.12	31.14	34.11	35.55	51.17	43.01	42.20	30.03	35.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	13.57	0.00	0.00	0.00	18.91	22.12	15.78	15.01	12.97
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	89.00	-63.84	16.49	14.22	-18.74	-14.39	-7.17	-22.02	-2.22
Long-Term Debt to Equity	0.00	83.53	-59.76	15.41	13.21	-17.92	-13.71	-6.81	-20.90	-2.10
Financial Leverage	0.00	1.77	1.38	1.20	1.20	-46.85	-22.48	-28.82	53.02	-3.65
Leverage Ratio	1.17	3.32	2.99	2.72	2.80	-62.04	-32.58	-41.99	84.28	-6.16
Compound Leverage Factor	-0.39	0.11	7.87	1.06	0.18	-125.01	477.44	-67.95	69.57	-6.44
Debt to Total Capital	0.74%	98.89%	101.59%	94.28%	93.43%	105.64%	107.47%	116.21%	104.76%	182.25%
Short-Term Debt to Total Capital	0.74%	6.07%	6.50%	6.15%	6.62%	4.62%	5.09%	5.83%	5.32%	9.38%
Long-Term Debt to Total Capital	0.00%	92.81%	95.09%	88.13%	86.81%	101.01%	102.38%	110.39%	99.43%	172.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	119.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-20.51%	1.11%	-1.59%	5.71%	6.57%	-5.64%	-7.47%	-16.22%	-4.76%	-82.25%
Debt to EBITDA	0.14	5.13	6.64	4.47	4.15	9.88	8.42	200.40	12.50	-3.89
Net Debt to EBITDA	0.13	5.00	6.02	4.18	3.79	9.08	7.84	189.46	10.84	-3.10
Long-Term Debt to EBITDA	0.00	4.81	6.22	4.18	3.85	9.45	8.02	190.36	11.86	-3.69
Debt to NOPAT	0.07	39.52	40.04	17.00	11.81	8.83	6.85	5.57	4.76	4.50
Net Debt to NOPAT	0.07	38.57	36.27	15.90	10.78	8.12	6.38	5.27	4.13	3.59
Long-Term Debt to NOPAT	0.00	37.10	37.47	15.89	10.97	8.45	6.52	5.29	4.52	4.27
Altman Z-Score	5.08	0.76	1.64	1.96	2.01	2.25	2.75	3.04	3.51	2.56
Noncontrolling Interest Sharing Ratio	117.20%	0.00%	113.51%	106.76%	109.61%	0.00%	-0.07%	-0.17%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.02	0.70	0.88	0.96	1.08	1.18	1.09	1.14	1.46	1.73
Quick Ratio	0.01	0.50	0.74	0.80	0.93	1.01	0.91	0.95	1.31	1.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.61	47	-38	-54	-105	70	61	118	118	210
Operating Cash Flow to CapEx	10,179.55%	15,219.78%	26,565.63%	9,971.43%	5,707.53%	326.67%	10,486.67%	8,805.56%	8,989.20%	635.67%
Free Cash Flow to Firm to Interest Expense	1.80	2.26	-3.55	0.00	0.00	0.00	8.45	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.87	0.67	0.79	0.00	0.00	0.00	2.85	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.85	0.67	0.78	0.00	0.00	0.00	2.82	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.00	0.44	0.55	0.61	0.66	0.59	0.62	0.68	0.71	0.75
Accounts Receivable Turnover	0.00	9.67	0.00	0.00	0.00	9.22	8.69	8.45	8.36	8.25
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	88.74	0.00	0.00	0.00	144.39	162.67	183.23	201.45	212.54
Accounts Payable Turnover	0.00	3.79	0.00	0.00	0.00	2.84	1.99	3.06	3.15	2.95
Days Sales Outstanding (DSO)	0.00	37.73	0.00	0.00	0.00	39.59	42.01	43.21	43.63	44.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	96.42	0.00	0.00	0.00	128.71	183.41	119.30	116.05	123.57
Cash Conversion Cycle (CCC)	0.00	-58.69	0.00	0.00	0.00	-89.12	-141.40	-76.09	-72.42	-79.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	241	356	321	342	338	297	273	241	243	101
Invested Capital Turnover	1.17	0.53	0.69	0.75	0.84	0.80	0.94	1.03	1.10	1.73
Increase / (Decrease) in Invested Capital	-5.90	-29	44	92	97	-59	-47	-101	-95	-196
Enterprise Value (EV)	649	512	1,407	1,282	1,314	1,850	2,069	2,433	2,356	3,383
Market Capitalization	358	160	1,081	961	1,001	1,534	1,773	2,150	2,100	3,151
Book Value per Share	($1.43)	$0.12	($0.03)	$0.12	$0.14	($0.10)	($0.13)	($0.24)	($0.08)	($0.75)
Tangible Book Value per Share	($1.43)	($11.12)	($2.23)	($2.03)	($1.99)	($2.20)	($2.20)	($2.29)	($2.11)	($2.75)
Total Capital	241	365	354	364	368	325	295	257	282	160
Total Debt	1.78	361	360	343	343	343	317	299	295	292
Total Long-Term Debt	0.00	338	337	321	319	328	302	284	280	277
Net Debt	1.68	352	326	321	313	315	295	283	256	232
Capital Expenditures (CapEx)	0.09	0.09	0.03	0.06	0.15	3.99	0.20	0.18	0.32	4.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-7.71	-5.24	-21	-2.52	-0.55	-1.50	-1.16	6.77	5.20	5.02
Debt-free Net Working Capital (DFNWC)	-7.61	3.48	13	20	29	26	20	23	44	64
Net Working Capital (NWC)	-9.39	-19	-10	-2.81	5.06	11	5.39	8.11	29	49
Net Nonoperating Expense (NNE)	7.36	13	39	15	-8.24	56	23	40	-1.54	138
Net Nonoperating Obligations (NNO)	1.68	352	326	321	313	315	295	283	256	232
Total Depreciation and Amortization (D&A)	9.40	11	8.46	8.63	6.20	5.56	4.35	4.46	4.47	4.54
Debt-free, Cash-free Net Working Capital to Revenue	-2.69%	-2.69%	-10.11%	-1.14%	-0.23%	-0.58%	-0.42%	2.26%	1.63%	1.46%
Debt-free Net Working Capital to Revenue	-2.66%	1.79%	6.21%	8.80%	12.14%	10.05%	7.30%	7.70%	13.89%	18.62%
Net Working Capital to Revenue	-3.28%	-9.57%	-4.91%	-1.26%	2.09%	4.28%	1.93%	2.70%	9.19%	14.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.54)	$0.04	($0.19)	$0.13	$0.00	($0.26)	($0.05)	($0.13)	$0.14	($0.70)
Adjusted Weighted Average Basic Shares Outstanding	34.50M	157.88M	173.60M	173.90M	174.11M	174.17M	175.52M	175.68M	176.03M	175.88M
Adjusted Diluted Earnings per Share	($0.54)	$0.04	($0.19)	$0.13	$0.00	($0.26)	($0.05)	($0.13)	$0.09	($0.65)
Adjusted Weighted Average Diluted Shares Outstanding	34.50M	159.17M	173.60M	174.38M	174.11M	174.17M	175.52M	175.68M	179.96M	175.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.50M	173.75M	173.84M	174.07M	174.77M	175.06M	175.68M	175.99M	176.61M	208.25M
Normalized Net Operating Profit after Tax (NOPAT)	2.71	1.71	6.01	9.75	12	11	13	17	23	14
Normalized NOPAT Margin	5.37%	3.13%	10.78%	15.85%	16.51%	15.88%	17.89%	20.87%	25.91%	14.63%
Pre Tax Income Margin	-2.35%	1.33%	-31.17%	13.46%	1.19%	-60.29%	-8.93%	-21.20%	33.89%	-127.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.75	1.04	-0.61	0.00	0.00	0.00	0.06	0.00	0.00	0.00
NOPAT to Interest Expense	0.57	0.87	0.56	0.00	0.00	0.00	1.88	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.73	1.03	-0.61	0.00	0.00	0.00	0.04	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.55	0.87	0.55	0.00	0.00	0.00	1.85	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	26,380.87%	-618.26%	-1,522.55%	-2,571.33%	-2.14%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	26,380.87%	-618.26%	-1,522.55%	-2,571.33%	-2.14%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Grindr's Financials

When does Grindr's financial year end?

According to the most recent income statement we have on file, Grindr's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Grindr's net income changed over the last 3 years?

Grindr's net income appears to be on an upward trend, with a most recent value of -$131.00 million in 2024, falling from $5.06 million in 2021. The previous period was -$55.77 million in 2023. See where experts think Grindr is headed by visiting Grindr's forecast page.

What is Grindr's operating income?

Grindr's total operating income in 2024 was $92.60 million, based on the following breakdown:

Total Gross Profit: $257.06 million
Total Operating Expenses: $164.46 million

How has Grindr revenue changed over the last 3 years?

Over the last 3 years, Grindr's total revenue changed from $145.83 million in 2021 to $344.64 million in 2024, a change of 136.3%.

How much debt does Grindr have?

Grindr's total liabilities were at $610.66 million at the end of 2024, a 31.9% increase from 2023, and a 996.1% increase since 2020.

How much cash does Grindr have?

In the past 4 years, Grindr's cash and equivalents has ranged from $1.14 million in 2020 to $59.15 million in 2024, and is currently $59.15 million as of their latest financial filing in 2024.

How has Grindr's book value per share changed over the last 3 years?

Over the last 3 years, Grindr's book value per share changed from 7.63 in 2021 to -0.75 in 2024, a change of -109.8%.

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This page (NYSE:GRND) was last updated on 5/5/2025 by MarketBeat.com Staff

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Grindr (GRND) Financials

Frequently Asked Questions About Grindr's Financials

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