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Companies $GRND
$12.94 -$0.18 (1.37%) Close

What Do They Do?

Runs a location-based social networking app that helps gay, bisexual, and other LGBTQ adults connect, communicate, and discover local experiences.

How Do They Make Money?

Users pay for subscriptions that provide premium features during the subscription period, or buy add-ons for short-term use. Advertisers pay for ads shown to users, with charges based on the number of ad units delivered.

revenue
SegmentShareRevenue
Direct revenue
Mix

83%
FY2022: 84%
Indirect revenue
Usage-based

17%
FY2022: 16%

Who Are Their Customers?

People use the Grindr app for dating, relationships, friendships, travel information, and local discovery. Advertisers buy access to reach the app’s users, directly or through advertising platforms.

Do Revenues Turn Into Profits?

Yes. It kept 22 cents of every revenue dollar as net income in FY2025 and turned 32 cents into free cash flow.

Operating income, FY2025
29% of revenue
▲ +36% vs FY2024 ($92.6M, 27%)
Net income, FY2025
22% of revenue
▲ Now profitable vs FY2024 (−$131M, −38%)
Free cash flow, FY2025
32% of revenue
▲ +50% vs FY2024 ($94M, 27%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +33%
vs $104.2M in Q2 FY2025
Net income
▲ +7%
vs $16.6M in Q2 FY2025
  • Sep 4, 2026 Settles UK users’ historical privacy group action Agreed to pay £13.0 million by December 31, 2026, and £13.0 million by March 31, 2027.
  • Aug 6, 2026 Raises full-year 2026 revenue and Adjusted EBITDA guidance Raised expected full-year 2026 revenue to approximately $540 Million and Adjusted EBITDA to approximately $232 Million.

Growing. Revenue grew 3.0x in 4 years, from $145.8M in FY2021 to $439.9M in FY2025, about 32% a year.

Health and wellness services The latest report adds Woodwork, a telehealth subscription service, to Grindr’s offerings; the older report described the Grindr App as its core product.

Revenue over time
Direct revenue Indirect revenue
$500M$250M$0

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