Grindr Inc (NYSE: GRND) is a social networking company that operates a global mobile platform primarily serving gay, bisexual, transgender, and queer adults. Revenue comes from two streams: subscriptions (XTRA and Unlimited tiers) and premium add-ons sold directly to users, with direct revenue of $366.3 million in FY2025 and $290.9 million in FY2024. The platform had 15.0 million Average Monthly Active Users and 1.3 million Average Paying Users as of the year ended December 31, 2025, up from 14.2 million MAUs and 1.1 million Paying Users in FY2024. Average Revenue Per Paying User was $24.25 in FY2025, up 7.6% from $22.53 in FY2024. Grindr went public via a SPAC merger with Tiga Acquisition Corp., completed November 18, 2022. The company is developing an AI-native product architecture it calls gAI, which includes a data model layer, technical architecture layer, and consumer application layer.

Revenue model

Subscription fees from XTRA and Unlimited tiers (including weekly subscription options) and premium add-on purchases sold directly to users. Revenue growth is driven by growth in Average Paying Users and increases in ARPPU through pricing optimization and product mix. Direct revenue was $366.3 million in FY2025 and $290.9 million in FY2024.

Products and services

Grindr mobile platform (social networking, location-based connection); XTRA subscription tier; Unlimited subscription tier (including Weekly Unlimited); premium add-on features; gAI (AI/ML-native full-stack technical foundation under development, including generative AI for content moderation and product features).

Customers and end markets

Gay, bisexual, transgender, and queer adults worldwide. 15.0 million Average MAUs and 1.3 million Average Paying Users for the year ended December 31, 2025. End market is social networking and online dating for the GBTQ community.

Value-chain role

Direct-to-consumer mobile platform operator. Grindr owns and operates the platform, manages user acquisition, monetization, and content moderation, and distributes through mobile app stores.

Geographic exposure

Global platform. Pricing is set in local currencies across multiple jurisdictions. Specific country or regional revenue breakdowns are not disclosed in the provided filing excerpts.

Source: SEC 10-K, filed 2026-03-02

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