Friday 6 November 2026
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Grindr Inc.
GRND Technology Software Application
Grindr Inc.’s revenue for fiscal 2025 (year ended December 2025) was $439.9 million, up 27.6% from fiscal 2024.
- Revenue
- +32.5%
- EPS
- +25.0%
- Free cash flow
- +3.61%
- Total debt
- +36.3%
Quarter to June 2026, against a year earlier
13.47
0.54
−3.85%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 146 | 195 | 260 | 345 | 440 | 510 | +31.8% | 543 | 636 | 743 | +19.1% | |
| Gross margin, % | — | — | — | — | — | 74.38 | 73.70 | 74.02 | 74.59 | 74.41 | 74.94 | 0.0 pt | ||||||
| EBT | — | — | — | — | (21) | 6 | 0 | (52) | (118) | 119 | 125 | n/m | ||||||
| EBT margin, % | — | — | — | — | 0.00 | 4.32 | 0.00 | (19.93) | (34.32) | 26.96 | 24.43 | +27.0 pt | ||||||
| Net income | — | 0 | — | — | (21) | 5 | 1 | (56) | (131) | 95 | 96 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.00 | 0.95 | 1.24 | 1.49 | 1.96 | 2.31 | 2.88 | n/m | |||||
| Earnings | — | — | — | — | (4.28) | 0.03 | 0.01 | (0.32) | (0.74) | 0.45 | 0.50 | n/m | ||||||
| Cash flow | — | — | — | — | (0.07) | 0.23 | 0.32 | 0.21 | 0.54 | 0.74 | 0.87 | n/m | ||||||
| Capex | — | — | — | — | 0.00 | (0.02) | (0.04) | (0.02) | (0.03) | (0.05) | (0.07) | n/m | ||||||
| Free cash flow | — | — | — | — | (0.07) | 0.20 | 0.29 | 0.18 | 0.51 | 0.70 | 0.81 | n/m | ||||||
| Book value | — | — | — | — | (11.15) | 1.72 | 0.03 | (0.10) | (0.75) | 0.25 | (0.07) | n/m | ||||||
| Shares, m | — | — | — | — | 5 | 153 | 158 | 174 | 176 | 190 | 185 | +108.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 305.12 | 922.22 | 0.00 | 0.00 | 28.07 | 26.94 | 251.1 | |||||
| P/S | — | — | — | — | — | 0.00 | 4.03 | 5.74 | 9.10 | 5.85 | 4.67 | 4.9 | ||||||
| P/B | — | — | — | — | — | 5.88 | 194.04 | 0.00 | 0.00 | 54.75 | 0.00 | 50.9 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 5.84 | 6.95 | 9.78 | 6.55 | 5.42 | 5.8 | ||||||
| EV/FCF | — | — | — | — | — | 48.48 | 25.26 | 56.52 | 37.60 | 21.69 | 19.32 | 37.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 0 | 34 | 51 | 36 | 95 | 142 | 154 | n/m | |||||
| Capex | — | — | — | — | — | (4) | (6) | (4) | (5) | (9) | (12) | +22.7% | ||||||
| Free cash flow | — | — | — | — | 0 | 31 | 45 | 32 | 90 | 133 | 143 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 1 | 14 | (19) | 11 | 49 | 81 | 9 | +127.1% | |||||
| Net debt | — | — | — | — | (1) | 121 | 352 | 313 | 231 | 309 | 380 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | (54) | 263 | 4 | (18) | (132) | 47 | (12) | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (14.88) | 1.39 | 0.19 | (12.63) | (28.36) | 18.76 | 18.92 | +33.6 pt | |||||
| ROIC | — | — | — | — | 0.00 | 3.85 | 2.29 | 11.76 | 57.96 | 22.18 | 25.77 | +22.2 pt | ||||||
| ROE | — | — | — | — | (8.83) | 4.85 | 0.64 | 783.26 | 174.83 | (224.09) | 108.65 | (215.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 4 | 4 | 202 | 112 | 147 | 165 | — | +110.4% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 36.46 | 0.97 | 2.32 | 2.34 | 2.67 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Grindr Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| VERX Vertex, Inc. | $2.9B | 511× | 71.3× | +11.02% (above 0%: growing) | n/m | +76.75% (above 0%: growing) | 65.74% | 0.15% | Compare |
| BULL Webull Corporation | $2.6B | 48.5× | — | +51.21% (above 0%: growing) | n/m | −454,633.33% (below 0%: shrinking) | 77.70% | 22.86% | Compare |
| ASAN Asana, Inc. | $2.6B | — (loss-making) | — (loss-making) | +9.90% (above 0%: growing) | n/m | +390.69% (above 0%: growing) | 85.99% | (19.05%) | Compare |
| BLKB Blackbaud, Inc. | $2.5B | 17.0× | 15.3× | +4.09% (above 0%: growing) | +4.07% (above 0%: growing) | +2.26% (above 0%: growing) | 60.75% | 20.49% | Compare |
| KC Kingsoft Cloud Holdings Limited Sponsored ADR | $2.5B | — (loss-making) | — (loss-making) | +38.06% (above 0%: growing) | n/m | +43.68% (above 0%: growing) | 15.18% | 0.75% | Compare |
| NCNO nCino Inc. | $2.5B | 74.8× | 72.0× | +8.19% (above 0%: growing) | n/m | +170.13% (above 0%: growing) | 62.59% | 8.46% | Compare |
| GRND Grindr Inc. | $2.4B | 26.9× | 25.0× | +32.54% (above 0%: growing) | +25.00% (above 0%: growing) | +3.61% (above 0%: growing) | 74.98% | 23.53% | |
| PLUS ePlus inc. | $2.2B | 17.9× | 19.1× | +0.99% (above 0%: growing) | −27.78% (below 0%: shrinking) | +175.78% (above 0%: growing) | 23.31% | 5.98% | Compare |
| AMPL Amplitude, Inc. | $2.0B | — (loss-making) | — (loss-making) | +24.93% (above 0%: growing) | n/m | +73.60% (above 0%: growing) | 67.24% | (22.25%) | Compare |
| Median of peers | $2.5B | 48.5× | 45.2× | +10.46% | — | +75.17% | 64.17% | 3.37% |
Pay and ownership Proxy statement filed 30 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 56.17m | 33.35m | 382.00 |
| 2024 | 6.54m | 40.40m | 384.00 |
| 2023 | 5.52m | 16.48m | 189.00 |
Ownership
Directors and executive officers, together
60.90%
Raymond Zage, III
53.80%
James Fu Bin Lu
10.40%
Jeremy Leonard Brest
6.60%
J. Michael Gearon, Jr.
6.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Grindr Inc. (GRND) Latest News
1 Oct
8 Aug
1 Jul
10 May
GRND metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score