GRND Technology

Grindr Inc.

$13.07+2.35%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 2.3B USD
Enterprise value: 2.8B USD
Full-time employees: 172

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.10 vs a peer median of 1.83)higher risk: less liquidity (current ratio 1.10 vs peers 1.83)

Ranks #288 of 1,612 technology companies (top 18%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Grindr's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Returning more cash than it generates. Paid out $451M vs $270M of free cash flow over the 3 fiscal years to 2025.
Grindr returned $451M to shareholders over three years, 167% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Stock-based pay is a large cost. Stock pay was 12% of revenue in 2025.
Grindr paid employees $55M in stock in 2025, 12% of its $440M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Grindr made a profit per share in its latest year after a loss the year before.

StockQuotient Score

67/ 100▼ 1 since Oct 27 close

Oct 5 67 → Nov 4 67

Valuation

Is the price right?

68/100

Moderate▼ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 2.2%

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 71 → 68

Peer companies moved-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ FCF yield
▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.87Sector median: 0.0225 · MAD: 0.0225

EBITDA yield5.9%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.46Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield6.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.47Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield-0.5%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 7.1%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ EPS growth
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 3.96Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth31.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.41Sector median: 0.0483 · MAD: 0.0793

Revenue growth32.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.35Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin29.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.31Sector median: 0.0631 · MAD: 0.0710

Return on assets20.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.87Sector median: 0.0293 · MAD: 0.0362

Return on invested capital32.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.01Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin74.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity108.7%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.19

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.72Sector median: 0.8710 · MAD: 0.3700

Current ratio1.10×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.06Sector median: 1.8295 · MAD: 0.6848

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Grindr

Is Grindr getting weaker?: Its latest SEC filing (Aug 7, 2026) got stronger: share count down 2.2%. Its overall score is 67/100, down 1 since Oct 28, 2026.
How is Grindr valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 68/100 against 1,711 technology peers. Free cash flow yield 6.8% vs a peer median of 2.7% (stronger than 76% of peers).Free cash flow yield 6.8% vs peers 2.7% (stronger than 76% of peers).
Is Grindr growing?: Yes, faster than most of its peers. Growth scores 95/100 against 1,711 technology peers. 3-year revenue growth 31.9% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 31.9% vs peers 4.8% (stronger than 95% of peers).
How profitable is Grindr?: More profitable than most of its peers. Profitability scores 95/100 against 1,711 technology peers. Return on assets 20.7% vs a peer median of 2.9% (stronger than 95% of peers).Return on assets 20.7% vs peers 2.9% (stronger than 95% of peers).
How risky is Grindr?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 0.19 vs a peer median of 0.87 (stronger than 95% of peers).Beta 0.19 vs peers 0.87 (stronger than 95% of peers). Current ratio 1.10× vs a peer median of 1.83× (weaker than 84% of peers).Current ratio 1.10× vs peers 1.83× (weaker than 84% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Share count down 2.2%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	475.9M USD	509.8M USD	+7.1%
Net income (12 months)	94.5M USD	95.6M USD	+1.2%
Operating margin	30.2%	29.8%	−0.4 pts
Free cash flow (12 months)	150.5M USD	154.0M USD	+2.3%
Debt	391.1M USD	386.3M USD	−1.2%
Cash	23.8M USD	6.5M USD	−72.7%
Shares outstanding	177.7M	173.8M	−2.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	16.3%	6.7%	21.4%	26.9%	28.7%	▲ 1.8 pts
Net margin	3.5%	0.4%	-21.5%	-38.0%	21.5%	▲ 60 pts
Return on assets (ROA)	1.1%	0.2%	-12.5%	-27.3%	17.8%	▲ 45 pts
Return on equity (ROE)	—	—	—	—	201.6%	—
Free cash flow margin	23.4%	25.7%	13.7%	27.3%	32.0%	▲ 4.7 pts
Current ratio	1.47×	0.70×	1.18×	1.73×	1.96×	▲ 13%
Debt to equity	—	—	—	—	8.42×	—

GRND price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

LEENO Industrial Inc.058470.KQ97/ 100

Transcend Information, Inc.2451.TW94/ 100

Joint Stock Company Kaspi.kzKSPI93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.10 vs a peer median of 1.83)higher risk: less liquidity (current ratio 1.10 vs peers 1.83)

Ranks #288 of 1,612 technology companies (top 18%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Grindr's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Returning more cash than it generates. Paid out $451M vs $270M of free cash flow over the 3 fiscal years to 2025.

Grindr returned $451M to shareholders over three years, 167% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Stock-based pay is a large cost. Stock pay was 12% of revenue in 2025.

Grindr paid employees $55M in stock in 2025, 12% of its $440M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Grindr made a profit per share in its latest year after a loss the year before.

Questions investors ask about Grindr

Is Grindr getting weaker?

Its latest SEC filing (Aug 7, 2026) got stronger: share count down 2.2%. Its overall score is 67/100, down 1 since Oct 28, 2026.

How is Grindr valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 68/100 against 1,711 technology peers. Free cash flow yield 6.8% vs a peer median of 2.7% (stronger than 76% of peers).Free cash flow yield 6.8% vs peers 2.7% (stronger than 76% of peers).

Is Grindr growing?

Yes, faster than most of its peers. Growth scores 95/100 against 1,711 technology peers. 3-year revenue growth 31.9% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 31.9% vs peers 4.8% (stronger than 95% of peers).

How profitable is Grindr?

More profitable than most of its peers. Profitability scores 95/100 against 1,711 technology peers. Return on assets 20.7% vs a peer median of 2.9% (stronger than 95% of peers).Return on assets 20.7% vs peers 2.9% (stronger than 95% of peers).

How risky is Grindr?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Beta 0.19 vs a peer median of 0.87 (stronger than 95% of peers).Beta 0.19 vs peers 0.87 (stronger than 95% of peers). Current ratio 1.10× vs a peer median of 1.83× (weaker than 84% of peers).Current ratio 1.10× vs peers 1.83× (weaker than 84% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

475.9M USD

509.8M USD

+7.1%

Net income (12 months)

94.5M USD

95.6M USD

+1.2%

Operating margin

30.2%

29.8%

−0.4 pts

Free cash flow (12 months)

150.5M USD

154.0M USD

+2.3%

Debt

391.1M USD

386.3M USD

−1.2%

Cash

23.8M USD

6.5M USD

−72.7%

Shares outstanding

177.7M

173.8M

−2.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

16.3%

6.7%

21.4%

26.9%

28.7%

▲ 1.8 pts

Net margin

3.5%

0.4%

-21.5%

-38.0%

21.5%

▲ 60 pts

Return on assets (ROA)

1.1%

0.2%

-12.5%

-27.3%

17.8%

▲ 45 pts

Return on equity (ROE)

—

201.6%

—

Free cash flow margin

23.4%

25.7%

13.7%

27.3%

32.0%

▲ 4.7 pts

Current ratio

1.47×

0.70×

1.18×

1.73×

1.96×

▲ 13%

Debt to equity

—

8.42×

—