Feed / GRND

Grindr Inc.

GRND

Technology · 15.30 -0.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Grindr Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company-0.6% todayVolume comparison unavailable
Market group0 of 1 activeLGBTQ+ Social Dating · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • GRND's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if GRND's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Technology · Software - Application

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • GRND's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods5
Price observations328
Usable filing statements126
Verified relationships5
Evidence supporting the case
  • Latest annual revenue changed +27.6% year over year.
  • Operating margin changed +1.8 percentage points in the latest annual period.
  • Net margin changed +59.6 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.49x in the latest annual period.
  • Demand and volume has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Diluted shares increased 11.0% in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 186% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

15.30
6m+25.7%12m-0.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$145.8M$0.03
2022-12-31$195.0M+33.7%$0.01+4.1%
2023-12-31$259.7M+33.2%$-0.32+9.4%
2024-12-31$344.6M+32.7%$-0.74+1.0%
2025-12-31$439.9M+27.6%$0.43+11.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
The $5.7 million increase, or 77.0%, was primarily due to an increase in interest expense of $3.1 million from higher debt balances and a decrease in interest income of $2.6 million from our investment in U.S.
10-Q · Aug 7, 2026
Demand and volumepositive · 3 filings
Year-over-year growth for revenue was driven by enhanced paywall optimizations and merchandising strategies throughout the year, which strengthened subscription adoption across our XTRA and Unlimited tiers, and fueled continued demand for our premium add-ons.
10-K · Mar 2, 2026
Legal and regulatory exposurepositive · 1 filings
Compounding pharmacies subject to Section 503A of the FDCA and outsourcing facilities subject to Section 503B of the FDCA have recently been subject to increased scrutiny of their compounding activities by the FDA and state regulatory agencies.
10-K · Mar 2, 2026
Product pipeline and R&Dmixed · 1 filings
The $8.7 million increase, or 217.5%, was primarily due to changes in year over year income, and changes in the computed annual effective tax rate, including changes in nondeductible fair value adjustments on the change in the warrant liability, release of th…
10-K · Mar 2, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 6.8× · EV/sales 7.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

15.30-0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for GRND. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for GRND. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind GRND

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMZNAmazon.com, Inc.supplierMar 2, 2026

We rely on third parties to operate critical business systems to process sensitive data and other user data in a variety of contexts, including, without limitation, data center and cloud-based, hosted web service providers, such as Amazon Web 32 Table of Cont…

AAPLApple Inc.distributorMay 8, 2026

Customers pay in advance, primarily through mobile app stores, including Apple and Google Play, and, subject to certain conditions identified in our terms and conditions, generally all purchases are final and nonrefundable.

AMGAffiliated Managers Group, Inc.partnerMar 2, 2026

Through our Woodwork business, we are now associated with, and may in the future become associated with, third-party telehealth providers or equivalent entities (“Affiliated Telehealth Providers”), including OpenLoop.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

GRND is currently a Leader in the organic co-movement group LGBTQ+ Social Dating. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for GRND; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.