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Operates Grindr, the largest LGBTQ dating and social networking app worldwide.
Operates Grindr, the largest LGBTQ dating and social networking app worldwide.
Subscriptions carry the business, with members paying monthly for premium tiers that remove ads and add features, while advertising to the free user base is the second stream. It listed in 2022 through a merger with Tiga Acquisition Corp, a blank-cheque company.
Moat: narrow (network effects, brand, data). Largest LGBTQ user network creates strong network effects that smaller niche dating apps cannot match.
Headquarters: West Hollywood, California, United States · Founded: 2009 · Employees: 165
Size Grindr (GRND) is a United States Communication Services company (Internet Software/Services) with a market value of $2.35B, the 1695th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.54 on 6 Nov 2026.
Performance Over six months the shares fell 10.3%, against -2.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 8 in its peer set.
Growth Revenue grew 32.4% over the last twelve months (peer median +6.0%); the operating margin is 31.1% (peer median 9.5%).
Valuation It trades at 19.7× forward earnings against a peer median of 13.1× (2nd most expensive of 7).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is +31%, so the hurdle is -37 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 27.5 points above its cost of capital (6.2% WACC).
Short interest Short interest is 4.8% of the free float (15 Oct 2026).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $510M | $440M | $345M | $260M | $195M |
| Revenue growth | — | +28% | +33% | +33% | — |
| Gross profit | $378M | $318M | $240M | $165M | $106M |
| EBITDA | $163M | $141M | $111M | $94.2M | $59.8M |
| Net income | $95.6M | $94.8M | -$131M | -$55.8M | $852,000 |
| Free cash flow | $154M | $141M | $94.0M | $35.6M | $50.2M |
| Capital expenditure | $11.6M | $8.62M | $5.34M | $4.23M | $5.58M |
| Total debt | $390M | $401M | $294M | $344M | $365M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Grindr GRND | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% |
| Match MTCH | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% |
| Bumble BMBL | $798M | +65% | -13% | 28% | 8.0× | -10.5% |
| Hello Group Inc. Sponsored ADR MOMO | $654M | -26% | 0% | 11% | 5.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GRND | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.4% | +3.9% | 2nd lowest of 8 |
| 6-month return | -10.3% | -2.9% | 3rd lowest of 8 |
| Distance from 52-week high | -26.8% | -25.8% | 4th lowest of 8 |
| Revenue growth (TTM) | +32.4% | +6.0% | highest of 8 |
| Operating margin | 31.1% | 9.5% | highest of 8 |
| Forward P/E | 19.7× | 13.1× | 2nd most expensive of 7 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | -4.8% | 4th least demanding of 7 |
| Growth delivered (Del g) | +31.1% | +9.7% | 2nd highest of 7 |
| Hurdle (Req g minus delivered) | -37.2 pp | -16.5 pp | 2nd least demanding of 7 |
| ROIC minus cost of capital | +27.5 pp | +4.8 pp | 2nd highest of 7 |
| EV / EBITDA | 16.8× | 10.2× | most expensive of 6 |
| Net debt / EBITDA | 2.4× | -4.7× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Grindr GRND | United States | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% | +31.1% |
| RUM RUM | United States | $2.44B | -41% | +13% | -101% | n/a | n/a | n/a |
| NetEase Cloud Music 9899.HK | Hong Kong | $2.52B | -21% | +6% | 17% | 10.1× | -18.7% | +8.9% |
| Autohome 2518.HK | Hong Kong | $2.70B | +21% | -22% | 0% | 22.7× | -15.3% | -6.4% |
| China Ruyi 0136.HK | Hong Kong | $2.82B | -5% | -40% | -17% | 12.6× | 13.1% | +69.6% |
| CarGurus CARG | United States | $3.01B | -3% | +6% | 26% | 12.1× | 2.7% | +10.5% |
| Cyber Agent 4751.T | Japan | $4.13B | +3% | +14% | 10% | 15.4× | -11.3% | +12.8% |
| Match MTCH | United States | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% | +7.8% |