See more : Oneness Biotech Co., Ltd. (4743.TWO) Income Statement Analysis – Financial Results
Complete financial analysis of Grindr Inc. (GRND) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Grindr Inc., a leading company in the Software – Application industry within the Technology sector.
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Grindr Inc. (GRND)
About Grindr Inc.
Grindr Inc. operates social network platform for the LGBTQ community. Its platform enables gay, bi, trans, and queer people to engage with each other, share content and experiences, and express themselves. It offers a free, ad-supported service and a premium subscription version. The company was founded in 2009 and is based in West Hollywood, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 259.69M | 195.02M | 145.83M | 104.46M | 108.70M |
| Cost of Revenue | 67.46M | 51.28M | 37.36M | 31.42M | 27.55M |
| Gross Profit | 192.23M | 143.74M | 108.48M | 73.04M | 81.15M |
| Gross Profit Ratio | 74.02% | 73.70% | 74.38% | 69.92% | 74.66% |
| Research & Development | 29.33M | 17.90M | 10.91M | 15.36M | 11.06M |
| General & Administrative | 78.04M | 72.28M | 29.33M | -3.20M | 29.51M |
| Selling & Marketing | 2.38M | 3.01M | 1.29M | 3.32M | 3.07M |
| SG&A | 80.42M | 75.30M | 30.62M | 124.92K | 32.57M |
| Other Expenses | 0.00 | 37.51M | 43.23M | 0.00 | 27.41M |
| Operating Expenses | 136.79M | 130.70M | 84.77M | 124.92K | 71.04M |
| Cost & Expenses | 204.24M | 181.98M | 122.12M | 124.92K | 98.59M |
| Interest Income | 0.00 | 19.53M | 17.60M | 14.65K | 386.00K |
| Interest Expense | 46.01M | 31.54M | 18.70M | 0.00 | 0.00 |
| Depreciation & Amortization | 27.04M | 38.56M | 43.23M | 26.68M | 27.41M |
| EBITDA | 21.30M | 70.09M | 68.23M | -20.85M | 37.17M |
| EBITDA Ratio | 8.20% | 24.48% | 45.90% | -0.12% | 34.52% |
| Operating Income | 55.45M | 10.24M | 23.71M | -124.92K | 10.11M |
| Operating Income Ratio | 21.35% | 5.25% | 16.26% | -0.12% | 9.30% |
| Total Other Income/Expenses | -107.19M | -21.93M | -17.41M | -20.73M | 38.00K |
| Income Before Tax | -51.75M | -7.00K | 6.30M | -20.85M | 10.15M |
| Income Before Tax Ratio | -19.93% | 0.00% | 4.32% | -19.96% | 9.34% |
| Income Tax Expense | 4.02M | -859.00K | 1.24M | 2.57M | 2.44M |
| Net Income | -55.77M | 852.00K | 5.06M | -20.85M | 7.71M |
| Net Income Ratio | -21.47% | 0.44% | 3.47% | -19.96% | 7.09% |
| EPS | -0.32 | 0.01 | 0.03 | -0.60 | 0.05 |
| EPS Diluted | -0.32 | 0.01 | 0.03 | -0.60 | 0.05 |
| Weighted Avg Shares Out | 174.17M | 157.88M | 152.81M | 34.50M | 152.87M |
| Weighted Avg Shares Out (Dil) | 174.17M | 159.17M | 152.87M | 34.50M | 152.87M |
Grindr Partners with Burnett Foundation Aotearoa to Offer Free At-Home HIV Test Kits to Grindr Users Throughout New Zealand
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ+ community, today announced the launch of its new partnership with Burnett Foundation Aotearoa to offer free HIV self-test kits to Grindr users throughout New Zealand. The...
Former Grindr CPO and Tinder Head of Privacy Ron De Jesus Joins Transcend as the First-Ever Field Chief Privacy Officer
SAN FRANCISCO--(BUSINESS WIRE)--Transcend proudly welcomes Ron De Jesus to its leadership team as the first-ever Field Chief Privacy Officer (FCPO).
Grindr to Participate in the 36th Annual ROTH Conference
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, today announced that Vanna Krantz, Grindr's chief financial officer, will participate in a fireside chat at the upcoming 36th Annual ROTH Conference in Dana Point,...
Grindr Inc. (GRND) Q4 2023 Earnings Call Transcript
Grindr Inc. (NYSE:GRND ) Q3 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Tolu Adeofe - Head of Investor Relations George Arison - Chief Executive Officer Vanna Krantz - Chief Financial Officer Conference Call Participants Andrew...
Grindr Inc. Reports Fiscal Year 2023 Revenue Growth of 33%
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network and dating app for the LGBTQ community, today posted its financial results for the fourth quarter and fiscal year ended December 31, 2023 in a Letter to Shareholders. The...
Grindr Announces Date of Fourth Quarter and Full Year 2023 Financial Results Earnings Call
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the GBTQ community, announced that it will release its financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Thursday,...
Grindr to Participate in Upcoming Investor Conferences
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the GBTQ community, today announced participation in the following upcoming investor events. Morgan Stanley Technology, Media & Telecom Conference Location: San Francisco, CA Date: Monday, March 4, 2024...
Match Group, Grindr, Bumble: are these dating apps stocks good buys?
Dating apps are not doing well as growth slows after booming during the Covid-19 pandemic. This view is confirmed by the performance of dating app stocks in the United States.
Grindr hooks up with Ex-Human in exclusive AI partnership to enhance user experience
Grindr Inc (NYSE:GRND) has announced an exclusive partnership with Ex-Human to boost the artificial intelligence capabilities and machine learning models of its LGBTQ+ dating app. Grindr said the partnership is aimed at enhancing the experience of its users by leveraging Ex-Human's foundational...
Grindr Forms Exclusive Partnership with Ex-Human to Enhance User Experience Using Artificial Intelligence
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) today announced it has signed an exclusive partnership with Ex-Human, a leading provider of generative artificial intelligence and machine learning models, to fuel the app company's in-house artificial intelligence capabilities and enhance the experience...
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