Grindr Inc.
- Open
- 15.44
- Day high
- 15.53
- Day low
- 14.99
- Prev close
- 15.76
- Volume
- 1.6M
- Mkt cap
- $2.7B
- P/E (TTM)
- 30.2
- EPS (TTM)
- $0.50
- P/B
- 3232.5
- P/S
- 5.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.0M over the last 3 months (0 open-market buys, 6 sales)
- 🏛Institutions mixed (13F)
Grindr Inc. (GRND) is a Technology company listed on NYSE. The stock is down 23% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 6 sales (SEC Form 4).
Grindr Inc. (GRND) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GRND earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.13 | $0.14 | +7.7% | $130M | +8.8% |
| Nov 6, 2025 | $0.12 | $0.16 | +33.3% | $116M | -5.1% |
| Aug 7, 2025 | $0.10 | $0.08 | -20.0% | $104M | -0.5% |
| May 8, 2025 | $0.09 | $0.09 | +0.0% | $94M | -2.1% |
| Mar 7, 2025 | $0.07 | $0.09 | +28.6% | $98M | +1.2% |
| Nov 7, 2024 | $0.07 | $0.05 | -28.6% | $89M | -2.0% |
| Aug 8, 2024 | $0.05 | $0.07 | +40.0% | $82M | -4.6% |
| May 9, 2024 | $-0.02 | $0.03 | +225.0% | $75M | +3.6% |
| Mar 11, 2024 | — | $0.04 | — | $72M | — |
| Nov 13, 2023 | — | $0.06 | — | $70M | — |
| Aug 14, 2023 | — | $0.13 | — | $62M | — |
| May 15, 2023 | — | $-0.19 | — | $56M | — |
GRND insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Katz Zacharyofficer: CLO and Head of Global Affairs | Sell | 12,800 | $16.28 |
| Jun 30, 2026 | Katz Zacharyofficer: CLO and Head of Global Affairs | Sell | 12,799 | $14.65 |
| Jun 23, 2026 | Arison Georgedirector, officer: CHIEF EXECUTIVE OFFICER | Grant | 2,250,000 | — |
| Jun 22, 2026 | Katz Zacharyofficer: CLO and Head of Global Affairs | Sell | 10,172 | $13.29 |
| Jun 17, 2026 | Hanna Fadidirector | Grant | 13,593 | — |
| Jun 17, 2026 | Solomon Robertdirector | Grant | 1,734 | — |
| Jun 17, 2026 | Solomon Robertdirector | Grant | 13,593 | — |
| Jun 17, 2026 | Hanna Fadidirector | Grant | 1,735 | — |
| Jun 4, 2026 | Gersh Lisadirector | Grant | 1,734 | — |
| Jun 4, 2026 | GEARON J MICHAEL JRdirector | Grant | 13,593 | — |
| Jun 4, 2026 | GEARON J MICHAEL JRdirector | Grant | 2,602 | — |
| Jun 4, 2026 | Zage George Raymond IIIdirector, 10 percent owner: | Grant | 13,593 | — |
| Jun 4, 2026 | Zage George Raymond IIIdirector, 10 percent owner: | Grant | 867 | — |
| Jun 4, 2026 | Baer Daniel Brooksdirector | Grant | 13,593 | — |
| Jun 4, 2026 | Baer Daniel Brooksdirector | Grant | 5,205 | — |
Source: GRND SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full GRND insider & 13F page →Grindr Inc. company profile
Overview
Grindr Inc. (NYSE:GRND) is a social networking platform specifically designed for the LGBTQ+ community, founded in 2009 and headquartered in West Hollywood, California. The company went public through a SPAC merger in 2021, becoming the first major LGBTQ+-focused technology company to trade on a major U.S. stock exchange. Grindr operates the world's largest social networking app for gay, bisexual, transgender, and queer individuals, serving over 14 million monthly active users across 190 countries and territories.
Business
Grindr operates in the social networking and dating app industry, specifically serving the LGBTQ+ community through its flagship mobile application. The platform functions as both a social network and location-based dating service, allowing users to connect with other LGBTQ+ individuals in their vicinity or around the world. The core product is the Grindr mobile application, which uses geolocation technology to help users discover and connect with other members of the LGBTQ+ community. Users create profiles with photos and personal information, browse other users based on proximity, and engage through messaging, photo sharing, and various interactive features. The app serves multiple purposes beyond dating, including social networking, community building, and providing a safe space for LGBTQ+ individuals to express themselves and connect with others who share similar experiences. The company generates revenue through two primary segments: 1. Direct Revenue (approximately 80% of total revenue): This includes subscription services where users pay for premium features. The main subscription tiers include Grindr Xtra and Grindr Unlimited, which offer enhanced functionality such as unlimited blocks and favorites, advanced filtering options, read receipts, and ad-free browsing. The company also offers à la carte purchases like Boost (profile visibility enhancement) and Albums (private photo sharing). 2. Indirect Revenue (approximately 20% of total revenue): This consists primarily of advertising revenue from brands seeking to reach the LGBTQ+ demographic. The platform displays targeted advertisements to free users and offers various advertising formats and brand partnership opportunities. Recent product developments include RightNow, a feature designed for users seeking immediate meetups, and Woodwork, a men's health and wellness subscription service. The company is also investing heavily in artificial intelligence capabilities to enhance user matching, content moderation, and personalized experiences.
Competitive moat
Grindr possesses a moderate to strong competitive moat based primarily on network effects and community specialization, though this moat faces increasing pressure from larger technology platforms. The company's strongest defensive position comes from its network effects and community focus. As the world's largest LGBTQ+-specific social platform with over 14 million monthly active users, Grindr benefits from the fundamental principle that social networks become more valuable as more people join. The platform has achieved critical mass in most major markets, making it the default choice for LGBTQ+ individuals seeking connections. This creates a self-reinforcing cycle where new users join because their potential connections are already on the platform. Grindr's deep understanding of LGBTQ+ culture and needs provides another defensive advantage. The company has built features specifically designed for this community, including discretion controls for users in less accepting environments, specialized filtering options, and community-focused initiatives like HIV testing kit distribution. This cultural expertise and community trust are difficult for mainstream competitors to replicate quickly. However, the moat faces significant challenges. Large technology platforms like Meta (Facebook Dating) and Match Group (Tinder, Hinge) have substantially greater resources and are increasingly adding LGBTQ+-friendly features to their mainstream apps. These competitors can leverage their massive user bases, advanced AI capabilities, and superior financial resources to potentially erode Grindr's market position over time. The company's moat is also vulnerable to changing social attitudes and generational preferences. As LGBTQ+ acceptance increases globally, younger users may be more comfortable using mainstream dating apps rather than specialized platforms. Additionally, the rise of new social media formats and technologies could disrupt traditional dating app models. Regulatory risks in various countries where LGBTQ+ rights are restricted create additional vulnerabilities, potentially limiting growth in key international markets. The company must balance user safety with business expansion, which can constrain its competitive positioning in certain regions.
Risks & safety
Grindr demonstrates a strong financial safety profile with substantial cash reserves and improving profitability metrics, though valuation appears elevated relative to current fundamentals. Liquidity and Solvency: • Cash and short-term investments: $256 million (Q1 2025) • Current ratio: 4.22, indicating strong short-term liquidity • Free cash flow: $23 million quarterly, demonstrating positive cash generation • Debt-to-equity ratio: 0.91, manageable debt levels • No immediate solvency concerns given strong balance sheet position Valuation Metrics: • Price-to-earnings ratio: 31.4x (based on recent profitable quarters) • EV/EBITDA: 27.5x, indicating premium valuation • Price-to-book ratio: 10.6x, reflecting significant premium to book value • Revenue growing at 25% annually with expanding margins Other Considerations: • Strong recurring revenue model with 8% paying user penetration providing stability • $500 million authorized share repurchase program demonstrates capital allocation confidence • Recent warrant redemption simplified capital structure and added $314 million cash • Exposure to regulatory risks in international markets where LGBTQ+ rights are restricted
Recent development
Over the past few years, Grindr has undergone significant strategic evolution, transitioning from a basic location-based dating app to a comprehensive LGBTQ+ lifestyle platform with advanced AI capabilities and expanded service offerings. The company's most significant recent development is the launch of RightNow, an intent-based feature designed for users seeking immediate meetups. Initially tested in select markets, RightNow has expanded to 17 major cities and achieved 20-25% user engagement rates. This feature represents a strategic shift toward understanding and serving specific user intents rather than providing a one-size-fits-all experience. Artificial intelligence integration has become a central focus, with the company developing an AI architectural layer to enhance user experiences. New AI-powered features include the A List for connection prioritization and enhanced Discover tab recommendations. The company is positioning itself as "AI-first" in its approach to future product development, using machine learning for user matching, content moderation, and personalized experiences. The platform has expanded beyond dating into health and wellness through initiatives like distributing 235,000 HIV test kits and launching Woodwork, a men's health subscription service specifically for gay men. This expansion reflects the company's strategy to become a comprehensive lifestyle platform serving the broader needs of the LGBTQ+ community. Product infrastructure improvements have been substantial, including a complete chat architecture overhaul, the introduction of Grindr Web, and the launch of new features like Albums for private photo sharing and Boost for profile visibility enhancement. The company conducted a comprehensive "bug bash" in 2024, resolving 75% of existing technical issues to improve user experience. Monetization strategy evolution has focused on diversifying revenue streams through new subscription tiers, à la carte offerings, and advertising technology improvements. The company has successfully increased average revenue per paying user from $17.28 in 2022 to $22.86 in Q1 2025 through pricing optimization and enhanced feature offerings. The company has also strengthened its financial position through a warrant redemption that generated $314 million in cash and authorized a $500 million share repurchase program, providing flexibility for future investments and returning capital to shareholders.
GRND company profile · for informational purposes only — not investment advice.
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