Grindr (GRND) Financials

$23.98 +0.27 (+1.12%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$23.95 -0.04 (-0.15%)

As of 05/23/2025 07:03 PM 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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	-131	-56	0.85	5.06
Consolidated Net Income / (Loss)	-131	-56	0.85	5.06
Net Income / (Loss) Continuing Operations	-131	-56	0.85	5.06
Total Pre-Tax Income	-118	-52	-0.01	6.30
Total Operating Income	93	55	13	24
Total Gross Profit	257	192	144	108
Total Revenue	345	260	195	146
Operating Revenue	345	260	195	146
Total Cost of Revenue	88	67	51	37
Operating Cost of Revenue	88	67	51	37
Total Operating Expenses	164	137	131	85
Selling, General & Admin Expense	115	80	75	31
Research & Development Expense	33	29	18	11
Depreciation Expense	17	27	38	43
Total Other Income / (Expense), net	-211	-107	-13	-17
Interest Expense	0.00	12	32	19
Interest & Investment Income	-26	-46	-	-
Other Income / (Expense), net	-185	-50	18	1.29
Income Tax Expense	13	4.02	-0.86	1.24
Basic Earnings per Share	($0.74)	($0.32)	$0.01	$0.03
Weighted Average Basic Shares Outstanding	175.88M	174.17M	157.88M	152.81M
Diluted Earnings per Share	($0.74)	($0.32)	$0.01	$0.03
Weighted Average Diluted Shares Outstanding	175.88M	174.17M	159.17M	152.87M
Weighted Average Basic & Diluted Shares Outstanding	208.25M	175.06M	173.75M	34.50M

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

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

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

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

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

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

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

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

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

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

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 5/25/2025 by MarketBeat.com Staff

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Grindr (GRND) Financials

Frequently Asked Questions About Grindr's Financials

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