(GRND) Grindr - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 2.293m USD | Total Return: -53.1% in 12m
Avg Turnover: 21.3M
Qual. Beats: 0
Rev. Trend: 99.9%
Qual. Beats: 3
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Grindr Inc. (NYSE: GRND) operates a location-based social networking and dating application specifically designed for the LGBTQ community. Headquartered in West Hollywood, California, the company provides a digital platform that facilitates social connections for gay, bisexual, transgender, and queer individuals globally.
The business utilizes a freemium revenue model, generating income through both third-party advertising on its free tier and recurring premium subscription fees for enhanced features. This dual-stream approach is standard in the dating app sector, which relies heavily on high user engagement and network effects to maintain market dominance.
For a detailed analysis of the companys long-term growth potential and valuation metrics, consult the latest reports on ValueRay.
As part of the broader application software industry, Grindr competes for user screen time against both niche platforms and diversified social media conglomerates. The company’s brand positioning focuses on serving as a specialized digital hub for a specific demographic, which provides a level of insulation from broader, general-market dating services.
- Subscription tier optimization drives average revenue per paying user growth
- Direct advertising revenue scales through increased monthly active user engagement
- Geographic expansion into emerging markets increases global market penetration
- Regulatory scrutiny on data privacy and safety protocols impacts operating costs
- Product feature innovation accelerates conversion of free users to paid subscribers
| Net Income: 94.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.31 > 0.02 and ΔFCF/TA 17.09 > 1.0 |
| NWC/Revenue: 5.27% < 20% (prev 67.16%; Δ -61.89% < -1%) |
| CFO/TA 0.32 > 3% & CFO 149.9m > Net Income 94.5m |
| Net Debt (371.2m) to EBITDA (150.2m): 2.47 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (185.1m) vs 12m ago -7.94% < -2% |
| Gross Margin: 74.43% > 18% (prev 74.53%; Δ -0.10% > 0.5%) |
| Asset Turnover: 82.74% > 50% (prev 53.46%; Δ 29.28% > 0%) |
| Interest Coverage Ratio: 7.06 > 6 (EBIT TTM 143.8m / Interest Expense TTM 20.4m) |
| A: 0.05 (Total Current Assets 104.5m - Total Current Liabilities 79.4m) / Total Assets 470.9m |
| B: -0.15 (Retained Earnings -70.3m / Total Assets 470.9m) |
| C: 0.25 (EBIT TTM 143.8m / Avg Total Assets 575.2m) |
| D: 0.00 (Book Value of Equity 839k / Total Liabilities 470.1m) |
| Altman-Z'' = 1.54 = BB |
| DSRI: 1.01 (Receivables 70.2m/53.2m, Revenue 475.9m/363.2m) |
| GMI: 1.00 (GM 74.53% / 74.43%) |
| AQI: 1.47 (AQ_t 0.77 / AQ_t-1 0.52) |
| SGI: 1.31 (Revenue 475.9m / 363.2m) |
| TATA: -0.12 (NI 94.5m - CFO 149.9m) / TA 470.9m) |
| Beneish M = -2.53 (Cap -4..+1) = A |
As of June 07, 2026, the stock is trading at USD 10.90 with a total of 2,028,801 shares traded.
Over the past week, the price has changed by -12.80%,
over one month by -20.96%,
over three months by -6.28% and
over the past year by -53.14%.
Grindr has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy GRND.
- StrongBuy: 1
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 18.2 | 67% |
P/E Trailing = 28.0435
P/S = 4.8175
P/B = 2696.6051
Revenue TTM = 475.9m USD
EBIT TTM = 143.8m USD
EBITDA TTM = 150.2m USD
Long Term Debt = 371.1m USD (from longTermDebt, last quarter)
Short Term Debt = 20.0m USD (from shortTermDebt, last quarter)
Debt = 395.0m USD (corrected: LT Debt 371.1m + ST Debt 20.0m) + Leases 3.89m
Net Debt = 371.2m USD (calculated: Debt 395.0m - CCE 23.8m)
Enterprise Value = 2.66b USD (2.29b + Debt 395.0m - CCE 23.8m)
Interest Coverage Ratio = 7.06 (Ebit TTM 143.8m / Interest Expense TTM 20.4m)
EV/FCF = 18.34x (Enterprise Value 2.66b / FCF TTM 145.3m)
FCF Yield = 5.45% (FCF TTM 145.3m / Enterprise Value 2.66b)
FCF Margin = 30.53% (FCF TTM 145.3m / Revenue TTM 475.9m)
Net Margin = 19.85% (Net Income TTM 94.5m / Revenue TTM 475.9m)
Gross Margin = 74.43% ((Revenue TTM 475.9m - Cost of Revenue TTM 121.7m) / Revenue TTM)
Gross Margin QoQ = 74.92% (prev 74.01%)
Tobins Q-Ratio = 5.66 (Enterprise Value 2.66b / Total Assets 470.9m)
Interest Expense / Debt = 5.16% (Interest Expense 20.4m / Debt 395.0m)
Taxrate = 23.16% (28.5m / 123.0m)
NOPAT = 110.5m (EBIT 143.8m * (1 - 23.16%))
Current Ratio = 1.32 (Total Current Assets 104.5m / Total Current Liabilities 79.4m)
Debt / Equity = 470.8 (Debt 395.0m / totalStockholderEquity, last quarter 839k)
Debt / EBITDA = 2.47 (Net Debt 371.2m / EBITDA 150.2m)
Debt / FCF = 2.55 (Net Debt 371.2m / FCF TTM 145.3m)
Total Stockholder Equity = 76.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 16.43% (Net Income 94.5m / Total Assets 470.9m)
RoE = 123.3% (Net Income TTM 94.5m / Total Stockholder Equity 76.6m)
RoCE = 32.12% (EBIT 143.8m / Capital Employed (Equity 76.6m + L.T.Debt 371.1m))
RoIC = 28.51% (NOPAT 110.5m / Invested Capital 387.7m)
WACC = 8.00% (E(2.29b)/V(2.69b) * Re(8.70%) + D(395.0m)/V(2.69b) * Rd(5.16%) * (1-Tc(0.23)))
Discount Rate = 8.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.56 | Cagr: 2.52%
[DCF] Terminal Value 77.97% ; FCFF base≈124.6m ; Y1≈142.8m ; Y5≈210.1m
[DCF] Fair Price = 15.70 (EV 3.16b - Net Debt 371.2m = Equity 2.79b / Shares 177.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.21 | # QB: 0
Revenue Correlation: 99.92 | Revenue CAGR: 30.86% | SUE: 4.0 | # QB: 3
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+7.14% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.15 | Chg30d=+0.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.60 | Chg30d=+1.69% | Revisions=+20% | GrowthEPS=+27.9% | GrowthRev=+21.9%
EPS next Year (2027-12-31): EPS=0.77 | Chg30d=+1.32% | Revisions=+20% | GrowthEPS=+28.3% | GrowthRev=+17.2%