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Grindr Inc.
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NYSE: GRND Technology IT 🔎 Screen
$2.9B
Market Cap
31.5
P/E
1.43
PEG
27.4%
ROCE
N/M
ROE
8.52
D/E
30.1%
OPM
-16.2%
% from 52W High
68
α RS
🔍 GRND is showing a multi-screen setup because it matches 9 of 39 tracked screener presets, RS Rating is 68, and an ECS of 79.9 last quarter. The main caution: the Accumulation Zone preset's Backtest win rate is only 47.5%. Net: Mixed signal stack, not a recommendation. ? Conviction RS Rating ECS Backtest
Sources
Conviction 9/39 · RS Rating 68 · ECS 79.9 · Backtest win rate 47.5%
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🌏 Global Investor Returns
Currency-adjusted total returns for GRND including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Grindr Inc. operates a social networking and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. It manages and operates Grindr platform, a social networking platform serving and addressing the needs of gay, bisexual, and sexually explorative adults. It also offers Grindr as the Global Gayborhood in Your Pocket brand. In addition, the company provides ad-supported service and a premium subscription version. Grindr Inc. was founded in 2009 and is headquartered in West Hollywood, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding GRND
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 16.7K $202K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Grindr Q1 2026 revenue $130M (+38% YoY), raises FY guide to $535M+.
Revenue & Profitability
Q1 2026 revenue was $130 million, up 38% year-over-year. Net income margin was 21% and adjusted EBITDA was $58 million (45% margin). For full-year 2026, management raised guidance to at least $535 million in revenue and at least $227 million in adjusted EBITDA.
Outlook
Management sees strong demand but notes headwinds from age assurance rules in certain countries and repressive policies in Malaysia and Indonesia, which are reducing MAU growth by an estimated 400,000 users in 2026. These factors are not financially material. The company expects growth rates to moderate in H2 2026 due to tougher comps and the timing of product launches.
Growth Drivers
Key growth levers include the EDGE premium tier (expected to be the largest revenue driver in 2027), improved payer conversion and retention despite pricing increases, and a growing direct advertising business. Advertising revenue is expected to reach the mid-to-high teens as a percentage of total revenue in 2026, normalizing to 15% in 2027.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Q1 adjusted EBITDA margin was 45%. Management expects margins to be impacted in H2 2026 due to planned investments in product, tech, and marketing. The company prioritizes revenue growth over margin optimization, with a target to invest in AI and cultural relevance events.
Key Risks
Risks include age assurance rules that cause adult users to drop off, repressive government policies in countries like Malaysia and Indonesia reducing MAU, potential churn from pricing increases (though better than expected), and reliance on the App Store for payments (which incurs fees). The direct advertising business is still developing and not yet a primary growth driver.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Q2 2026 saw 33% revenue growth and a 42% EBITDA margin, driven by AI-enabled product improvements and strong user engagement. Full-year guidance was raised, with continued investment in innovation and cultural partnerships like Madonna's campaign. Robust Gen Z engagement and operational leverage position the business for future growth.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 saw 38% revenue growth, 21% net income margin, and 45% adjusted EBITDA margin, driven by product improvements and monetization. Full-year guidance was raised, with EDGE premium tier expected to drive 2027 growth. Share buybacks and strategic partnerships further strengthened positioning.
Q4 2025 Q4 2025 2026-02-26
Revenue grew 28% to $440M in 2025 with strong margins and net income of $103M. AI adoption drove productivity, new premium tiers and pricing changes supported growth, and a $400M share repurchase expansion was announced. 2026 guidance targets >$528M revenue and >$217M Adjusted EBITDA.
Q3 2025 Q3 2025 2025-11-06
Q3 2025 saw 30% revenue growth and a record 47% adjusted EBITDA margin, driven by ads and product innovation. Full-year EBITDA guidance was raised, and a new AI-powered premium tier is in testing. A special committee is evaluating a take-private proposal.
Q2 2025 Q2 2025 2025-08-07
Q2 2025 saw 27% revenue growth to $104M, 43% adjusted EBITDA margin, and strong user metrics. New mapping features and AI initiatives drove engagement, while indirect revenue surged 39% year-over-year. Full-year guidance for 26%+ revenue growth and 43%+ margin reaffirmed.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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