See more : Digistar Corporation Berhad (0029.KL) 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 |
Dating app Grindr loses nearly half its staff after trying to force a return to office
LGBTQ dating app Grindr ended its remote work policies and forced employees to relocate. Nearly half of its staff left.
Grindr staff quit in masses following return-to-office mandate
Grindr Inc (NYSE:GRND), the gay dating app, is facing a mass exodus of its workers after it ordered all its staff to return to offices for a minimum of two days a week. Around 80 of the company's 178 workers...
Grindr loses half its workforce over 2-day return-to-office mandate
Furious staffers claim the mandate was in retaliation over their campaign to unionize.
Grindr to Participate in the Goldman Sachs Communacopia and Technology Conference
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, today announced that George Arison, Grindr's chief executive officer, and Vanna Krantz, Grindr's chief financial officer, will participate in a fireside chat at the upcoming...
Grindr has a reputation for its hookup culture, but the company says a quarter of its users are there to network. The CEO says he even hired people through the app.
Grindr is an LGBTQ+ dating app notorious for instant hookups. But Grindr says that about 25% of its users are also there to network.
Why Grindr Stock Popped This Week
Grindr's revenue growth and profitability were strong in Q2. The company raised its full-year 2023 guidance.
Grindr Inc. (GRND) Q2 2023 Earnings Call Transcript
Grindr Inc. (NYSE:GRND ) Q2 2023 Earnings Conference Call August 15, 2023 5:00 PM ET Company Participants Patrick Lenihan - Head, Global Communications George Arison - CEO Vanna Krantz - CFO Conference Call Participants Emily Stykes - New Street Research...
Why Grindr Stock Popped Today
Grindr reported second-quarter revenue that was ahead of guidance and raised its outlook. While the stock looks cheap according to some metrics, its debt burden is weighing on the stock price.
Grindr Inc. Reports Second Quarter 2023 Revenue Growth of 32%, 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 second quarter ended June 30, 2023 in a Letter to Shareholders. The Letter to Shareholders can be accessed...
Grindr Reschedules Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the world's largest social network for the LGBTQ community, today announced that it will reschedule its second quarter 2023 earnings release and conference call, previously scheduled for 5:00 p.m. Eastern Time on August 9,...
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