Grindr Inc (GRND)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 17.30 $ — 85% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Uses AIGrindr setzt Künstliche Intelligenz und maschinelles Lernen laut 10-K operativ in Produkten, Diensten und Abläufen ein und verfolgt das erklärte Ziel, ein „AI-natives" Unternehmen zu werden. Dafür baut die Firma eine eigene Grundlage namens „Grindr AI" (gAI) aus Datenmodell-, Architektur- und Anwendungsschicht auf. Der operative KI-Einsatz ist damit klar belegt, eine eigenständige, ausgewiesene KI-Umsatzquelle weist Grindr in den Filings aber (noch) nicht aus — deshalb greift „nutzt" vor „verkauft".
View the full file — quotes, sources, reviewed filings
„We use artificial intelligence and machine learning in our products, services, and operations in furtherance of our goal to become an AI-native company."
Wir setzen Künstliche Intelligenz und maschinelles Lernen in unseren Produkten, Diensten und Abläufen ein, um unser Ziel voranzutreiben, ein KI-natives Unternehmen zu werden.
„We are building a foundation that we refer to as Grindr AI (“gAI”), consisting of a data model layer, technical architecture layer, and a consumer application layer, in order to deliver an enhanced, high-impact user experience."
Wir bauen eine Grundlage auf, die wir als Grindr AI („gAI“) bezeichnen und die aus einer Datenmodell-Schicht, einer technischen Architektur-Schicht und einer Verbraucher-Anwendungsschicht besteht, um ein verbessertes, wirkungsvolles Nutzererlebnis zu liefern.
Rated on July 10, 2026 · How the Rating Is Built
What the Earnings Calls Reveal
Unremarkable Delivers, reports leanerGrindr beat its own annual outlook in every fiscal year we reviewed: guidance of more than 23 percent revenue growth for 2024 turned into 33 percent, an initial 24 percent for 2025 turned into 28 percent, and the 2026 outlook was already raised in the first quarter. The 500 million dollar buyback announced on the 2024-Q4 call was about 450 million dollars executed within a year and was then expanded by another 400 million. We checked every dated commitment from nine calls one by one: none is demonstrably broken. Nor was the user metric redefined, the CEO had explained device-based counting before the figure became less frequent. What remains is thinner reporting outside the financials: monthly active users have appeared only once a year since the 2025-Q4 call, and management has not given a total headcount since the 2024-Q1 call.
9 calls reviewed, 2023-Q4 through 2026-Q1 · As of August 3, 2026
User metric now annual, not quarterly
From 2023-Q4 through 2025-Q3, monthly active users appeared in every quarterly report, most recently 15.1 million. Growth slowed over that period from 8 percent to 5.2 percent for full-year 2025. Since the 2025-Q4 call the figure is disclosed annually only, a change the company had already announced in November 2025. The stated reasons are that the quarterly number is not used to run the business internally and that the new cadence matches many listed consumer internet peers. Several facts argue against the obvious suspicion that the metric vanished because it weakened: the CEO had explained device-based rather than profile-based counting on the 2025-Q2 call, before disclosure became less frequent. On the 2025-Q3 call the company additionally published an extensive one-time breakdown of age structure and payer penetration by age group. On the 2025-Q4 call it gave, at the request of analysts, an adjusted figure of 6.1 percent alongside the reported 5.2 percent and quantified the cause as roughly 350,000 additional unwanted accounts removed. On the 2026-Q1 call the quarterly figure is missing as planned, but management quantifies the headwind from age assurance, Malaysia and Indonesia at roughly 400,000 users. What remains: anyone wanting to track user growth quarter by quarter can no longer do so from 2026 onward.
Right Now scaled as announced
On the 2024-Q3 call the CEO named the goal of scaling Right Now by the end of 2025 and said the coming year would not be focused on monetization but on reach and user experience. Both were delivered: by the 2025-Q4 call Right Now was rolled out globally, having reached 17 major cities by the 2025-Q1 call and then close to half of weekly active users. Monetization began earlier than that sentence implied, in select regions per the 2025-Q1 call and faster than planned per the 2025-Q2 call, and was named as a driver of the raised outlook. That is not a broken pledge: the same 2024-Q3 call explicitly flagged significant monetization potential as well, so the statement concerned emphasis, not abstention. The emphasis in 2025 was indeed on expansion, and Right Now stayed available to all users even where it is monetized.
International push keeps being deferred
On the 2023-Q4 call the CFO announced that go-to-market optimizations in key countries would be prioritized to accelerate payer growth, but said in the same breath that the effort was early and that no uplift was factored into the outlook. On the 2024-Q1 call the company said localization would continue but was still early. After that, management deferred the topic openly every time rather than letting it lapse quietly: on the 2025-Q1 call the CEO said there had been virtually no localization of the product ever and that it was not planned for 2025 either. On the 2025-Q3 call he explicitly called international upside outside the three-year plan. On the 2025-Q4 call he said the company had not gone after it purely out of focus, that it would matter more in 2026 and 2027, and listed onboarding, translation and localization as one of four priorities for 2026. That removes the basis for a charge of a quietly dropped commitment. What remains is a growth lever announced and postponed for two and a half years whose execution can be judged for the first time in 2026.
Edge and Woodwork: timing broadly holds
For the Edge premium tier the CEO cited on the 2025-Q3 call a meaningful revenue opportunity beginning in late 2026 and accelerating in 2027, plus a global rollout no earlier than the second half of 2026. On the 2025-Q4 call Edge had been live as a tier in Australia since the fourth quarter of 2025, further price tests followed in the US and other markets, 2027 was the target year, and a global launch in 2026 counted as upside outside guidance. On the 2026-Q1 call a launch in late 2026 or early 2027 is described as possible, with Edge as the main growth driver in 2027. The target year 2027 therefore stood from the outset, and the timeline has slipped by at most one quarter. On the health offering Woodwork, the CEO explicitly warned on the 2025-Q1 call that there would be no meaningful updates for several quarters. On the 2025-Q4 call came thousands of users and patients, more than one product, and its role as the anchor of the health business, together with the remark that further disclosure would not serve the product. On the 2026-Q1 call the name no longer appears, only the Health Center is mentioned. Open for both: no revenue figures given, and neither is in guidance.
Direct ads disappoint, target still met
On the 2024-Q1 call the CFO put advertising at roughly 14 percent of revenue and expected it to stay there. On the 2024-Q4 call the advertising year was called fantastic, up 56 percent, and the 15 percent revenue share target was confirmed. On the 2025-Q2 call the CEO admitted the number of brand advertisers won was well below internal hopes, and on the 2026-Q1 call he named the direct business the thing that had disappointed him most during his time at Grindr, pushing larger direct advertisers out to 2028 and beyond. That does not make the 15 percent target a miss. For 2026 the first full-year direct campaign lifts the advertising share to the mid to high teens according to the CFO, above the promised 15 percent, and ad revenue rose 68 percent in the first quarter of 2026. The ads business grows from roughly 30 million dollars in 2022 to more than 90 million dollars in 2026, and for 2027 the company expects a normalization back to about 15 percent. The disappointment concerns the pace of winning brands, not the promised order of magnitude.
AI dominates, headcount undisclosed
On the 2023-Q4 and 2024-Q1 calls the conversation revolved mostly around user intent, payer penetration and the product roadmap. From the 2025-Q1 call onward AI vocabulary dominates, the 2025-Q2 call introduces a three-layer AI architecture called gAI, and on the 2025-Q4 call the CEO had his opening remarks read by a model trained on his voice. The emphasized metrics shifted in parallel: the 2025-Q4 and 2026-Q1 calls foreground the share of AI-written code at 60 to 70 percent, a 1.5x engineer productivity gain and 2.75 million dollars of revenue per head. The expectation voiced on the 2024-Q1 call of rebuilding headcount to early-2023 levels within two years can be neither confirmed nor refuted from outside: management has given no total headcount since, only 160 US-based employees on the 2025-Q4 call, excluding teams outside the US. Already on the 2023-Q4 call the CEO had said he deliberately did not want to rehire that fast. On the 2026-Q1 call the company says the hiring plan will not be fully filled because of AI productivity, while more people are still needed. What remains open is how large the company actually is today.
Management promises
-
2023-Q4 kept
2024 revenue growth of more than 23 percent and an adjusted EBITDA margin of at least 40 percent.
Confirmed on the 2024-Q4 call: 33 percent growth to 345 million dollars and a 43 percent margin, 10 and 3 points above the initial guidance.
-
2023-Q4 kept
First investor day on 26 June 2024 in New York, with a long-term product roadmap.
Held; the roadmap shown there is used as the benchmark for progress on the 2024-Q3, 2024-Q4 and 2025-Q1 calls.
-
2024-Q1 open
Expectation of rebuilding headcount to early-2023 levels (around 225 employees) within two years.
Not verifiable from outside: management has given no total headcount since the 2024-Q1 call, only 160 US-based employees on the 2025-Q4 call, excluding teams outside the US. Already on the 2023-Q4 call the CEO said he deliberately did not want to rehire that fast.
-
2024-Q3 kept
Right Now to be scaled by the end of 2025, with 2025 emphasizing reach rather than monetization.
Scaling delivered, Right Now was global by the 2025-Q4 call. Monetization started earlier than expected, but the same 2024-Q3 call had explicitly flagged significant monetization potential, and the product stayed available to all users.
-
2024-Q4 kept
First product outside the core app, in health and wellness, to start as a beta within the coming months.
Presented as a soft beta named Woodwork on the 2025-Q1 call, within the promised window.
-
2024-Q4 kept
Share repurchase of up to 500 million dollars over two years.
About 450 million dollars executed by the 2025-Q3 call; on the 2025-Q4 call the program was expanded by 400 million dollars and extended by three years.
-
2025-Q1 open
Meaningful updates on Woodwork only after several quarters, with nothing from it in the 2025 outlook.
Four quarters later, on the 2025-Q4 call, came thousands of users and patients, more than one product and its role as anchor of the health business, plus the remark that further disclosure would not serve the product. Revenue figures are missing, and the name does not appear on the 2026-Q1 call.
-
2025-Q1 kept
Raised 2025 outlook: at least 26 percent revenue growth and at least a 43 percent adjusted EBITDA margin.
Confirmed on the 2025-Q4 call: 28 percent growth to 440 million dollars, 196 million dollars adjusted EBITDA, a 44 percent margin.
-
2025-Q3 open
New subscription prices to be rolled out globally from early 2026.
The 2025-Q4 call says the rollout is running and should finish in the first half of 2026. The 2026-Q1 call reports lower churn than expected but does not confirm completion of the rollout.
-
2025-Q3 open
The Edge premium tier to deliver meaningful revenue from late 2026 and accelerate in 2027, global launch no earlier than the second half of 2026.
On the 2025-Q4 call Edge was live as a tier in Australia and stayed outside guidance; on the 2026-Q1 call a launch in late 2026 or early 2027 is named. The 2027 target year stood from the outset, and the slip is at most one quarter.
Based on public earnings call transcripts. Reviewed: 9 transcripts 2023-Q4 through 2026-Q1.
Growth Score
8 of 10 Growth gemTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 31.1% passed
- More than 10% revenue growth is expected for the coming year 17.2% passed
- Share count grows by less than 3% a year 6.6% failed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 59.6% passed
- Gross margin at 40% or higher and without meaningful erosion 72.4% passed
- Goodwill from acquisitions does not grow faster than revenue 51.9% passed
- Net debt below twice EBITDA 2.2 x EBITDA failed
- Operating cash flow covers the profits of the last three years 365 m passed
- Return on capital at 15% or higher, or up versus two years ago 28.3% passed
- Insiders hold at least 10% or are net buyers 82.3% passed
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Analysts & Price Target
The price target sits 8.7% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 4
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 0.60 | 0.60 – 0.60 | 537 | 27.9% | 1 |
| 12/31/2027 | 0.77 | 0.77 – 0.77 | 630 | 28.3% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 0.14 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.70 | – | 98 | 35.40 | -126.90 | 30 | 28 |
| 2025: Q1 | 0.13 | – | 94 | 24.70 | 28.80 | 24 | 23 |
| 2025: Q2 | 0.08 | – | 104 | 26.60 | 16.00 | 38 | 37 |
| 2025: Q3 | 0.16 | 16.80 | 116 | 29.60 | 26.60 | 55 | 51 |
| 2025: Q4 | 0.11 | – | 126 | 29.00 | 16.10 | 24 | 23 |
| 2026: Q1 | 0.14 | 7.50 | 130 | 38.30 | 20.60 | 34 | 33 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2019 | 109 | 10 | 8 | 0.05 | 38 | – | – |
| 2020 | 104 | -1 | -13 | -0.38 | 26 | 256 | 504 |
| 2021 | 146 | 24 | 5 | 0.03 | 34 | 263 | 450 |
| 2022 | 195 | 13 | 1 | 0.01 | 51 | 4 | 439 |
| 2023 | 260 | 55 | -56 | -0.32 | 36 | -18 | 445 |
| 2024 | 345 | 93 | -131 | -0.74 | 95 | -132 | 479 |
| 2025 | 440 | 126 | 95 | 0.49 | 142 | 47 | 531 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
About the Company
Grindr Inc. operates a social networking and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.
| Employees | 176 |
|---|---|
| Headquarters | West Hollywood, CA |
| Address | 750 North San Vicente Boulevard, 90069 West Hollywood, United States |
| Phone | 310 776 6680 |
| Website | grindr.com |
| IPO Date | 14. Jan 2021 |
| ISIN | US39854F1012 |
Management
| Name | Title | Birth Year |
|---|---|---|
| George Arison | Chairman & CEO | 1979 |
| John F. North III | Chief Financial Officer | 1978 |
| Zachary Katz | Chief Legal Officer, General Counsel & Head of Global Affairs | 1978 |
| Austin J. Balance | Chief Product Officer | 1987 |
| Daniel I. Weinstein | Chief Accounting Officer | 1977 |
| Tolu Adeofe | Head of Investor Relations | – |
| Tristan Pineiro | Chief Marketing Officer | – |
| Joel Keating | Senior Vice President of Engineering | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 16. Jul 2026 | Katz Zachary | CLO and Head of Global Affairs | Sell | 10,172 | 15.95 | 162,243 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.