See more : AMMO, Inc. (POWW) 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 Secures New $350 Million Credit Facility
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE:GRND), the world's largest social network for the LGBTQ community, today announced that it completed a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. Building Strong Financial...
Grindr CFO to Participate in the Raymond James TMT and Consumer 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 Raymond James TMT and Consumer Conference on Monday,...
Grindr Brings Free At-Home HIV Self-Test Kits to Europe for the First Time With New Programs in Georgia and Ireland
LOS ANGELES--(BUSINESS WIRE)--At the outset of European testing week, Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ+ community, today announced the launch of its new partnerships with Equality Movement and MPOWER to connect Grindr users directly...
Grindr raises full-year revenue guidance after strong 3Q
Grindr Inc (NYSE:GRND) shares moved higher in afterhours trade the company reported a jump in revenue and a narrowing loss for the third quarter and raised its 2023 outlook. Grindr, best known for its dating app of the same name...
Grindr Inc. Reports Third Quarter 2023 Revenue Growth of 39%, Raises Guidance
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, today posted its financial results for the third quarter ended September 30, 2023 in a Letter to Shareholders. The Letter to Shareholders can be accessed...
Grindr Names Tolu Adeofe as Director of Investor Relations As It Approaches One Year Anniversary of its NYSE Listing
LOS ANGELES--(BUSINESS WIRE)--Grindr (NYSE: GRND), the world's largest social network for the LGBTQ+ community, today announced that Tolu Adeofe has joined the company as Director of Investor Relations. Adeofe, who will lead the Investor Relations function, brings over a decade...
Grindr Announces Q&A Platform for Shareholders Ahead of Third Quarter 2023 Earnings Release
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, today announced the opening of a shareholder Q&A on the Say Technologies platform to enable shareholders to submit questions in connection with its upcoming earnings...
Grindr Announces Date of Third Quarter 2023 Financial Results Earnings Call
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, announced that it will release its financial results for the third quarter ended September 30, 2023, after the market closes on Monday, November 13, 2023....
Grindr Adds Three Key Executives On the Heels of Record Quarter Driven by Deeper User Engagement and New Subscription Options
LOS ANGELES--(BUSINESS WIRE)--Grindr (NYSE: GRND), the world's largest social network for the LGBTQ community, today announced the additions of three senior executives: Zac Katz as General Counsel and Head of Global Affairs, Tristan Pineiro as Vice President of Brand and...
Grindr loses about half its workers after trying to make them come back to the office
Grindr lost nearly half its staff after issuing a return-to-office ultimatum. The dating app told employees to start working from an office 2 days a week or lose their jobs.
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