GRND - Grindr Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.00
DETAILS
HIGH:
$18.00
LOW:
$14.00
MEDIAN:
$16.00
CONSENSUS:
$16.00
UPSIDE:
23.55%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 439.9 | 344.6 | 259.7 | 195.0 | 145.8 | 104.5 | 108.7 |
| Cost of Revenue | 121.4 | 87.6 | 67.5 | 51.3 | 37.4 | 31.4 | 27.5 |
| Gross Profit | 318.5 | 257.1 | 192.2 | 143.7 | 108.5 | 73.0 | 81.2 |
| Operating Expenses | |||||||
| R&D Expenses | 48.9 | 36.4 | 29.3 | 17.9 | 10.9 | 15.4 | 11.4 |
| SG&A Expenses | 143.3 | 113.6 | 80.4 | 75.3 | 30.6 | 31.3 | 32.6 |
| Other Expenses | 0 | 14.5 | 27.0 | 37.5 | 43.2 | 27.3 | 27.1 |
| Operating Expenses | 192.2 | 164.5 | 136.8 | 130.7 | 84.8 | 73.9 | 71.0 |
| Operating Income | |||||||
| Operating Income | 126.3 | 92.6 | 55.4 | 13.0 | 23.7 | (0.9) | 10.1 |
| Interest Expense | 17.6 | 25.6 | 46.0 | 31.5 | 18.7 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.4 |
| Profitability | |||||||
| EBITDA | 145.1 | 107.2 | 21.3 | 70.1 | 68.2 | 27.0 | 37.2 |
| EBIT | 136.3 | 93.8 | (5.7) | 31.5 | 25.0 | 0.3 | 10.1 |
| Income Before Tax | 118.6 | (118.3) | (51.7) | (0.0) | 6.3 | (10.5) | 10.1 |
| Income Tax Expense | 23.9 | 12.7 | 4.0 | (0.9) | 1.2 | 2.6 | 2.4 |
| Net Income | 94.8 | (131.0) | (55.8) | 0.9 | 5.1 | (13.1) | 7.7 |
| Per Share Data | |||||||
| EPS (Basic) | 0.50 | -0.74 | -0.32 | 0.01 | 0.03 | -0.60 | 0.05 |
| EPS (Diluted) | 0.49 | -0.74 | -0.32 | 0.01 | 0.03 | -0.60 | 0.05 |
| Shares Outstanding | 189.7 | 175.9 | 174.2 | 157.9 | 152.8 | 34.5 | 152.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Current Assets | ||||||
| Cash & Cash Equivalents | 87.0 | 59.2 | 27.6 | 8.7 | 15.8 | 41.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 67.9 | 50.2 | 35.4 | 22.4 | 21.2 | 11.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1.3 | 4.9 | 4.5 | 4.4 | 4.6 | 3.3 |
| Total Current Assets | 161.4 | 117.0 | 71.8 | 43.2 | 43.9 | 58.4 |
| Non-Current Assets | ||||||
| Property, Plant & Equipment | 5.9 | 4.7 | 4.9 | 6.6 | 2.4 | 2.9 |
| Goodwill | 0 | 275.7 | 275.7 | 275.7 | 258.6 | 258.6 |
| Intangible Assets | 354.5 | 78.6 | 89.8 | 111.9 | 143.3 | 182.3 |
| Long-Term Investments | 0.6 | 0.6 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.6 | 1.2 | 2.4 | 1.5 | 1.5 | 1.5 |
| Total Non-Current Assets | 369.7 | 362.1 | 372.8 | 395.6 | 405.8 | 445.3 |
| Total Assets | 531.0 | 479.1 | 444.6 | 438.8 | 449.7 | 503.7 |
| Current Liabilities | ||||||
| Account Payables | 1.7 | 3.3 | 3.5 | 5.4 | 2.4 | 0.6 |
| Short-Term Debt | 20 | 15 | 15 | 22.2 | 3.8 | 56.3 |
| Deferred Revenue | 24.3 | 20.0 | 19.2 | 18.6 | 20.1 | 0 |
| Other Current Liabilities | 39.0 | 13.4 | 7.3 | 0.8 | 0.3 | 22.6 |
| Total Current Liabilities | 84.9 | 67.8 | 60.6 | 61.9 | 29.9 | 81.4 |
| Non-Current Liabilities | ||||||
| Long-Term Debt | 378.4 | 275.6 | 325.6 | 338.5 | 133.3 | 137.7 |
| Deferred Tax Liabilities | 1.4 | 0 | 4.7 | 12.5 | 20.9 | 0 |
| Other Non-Current Liabilities | 16.7 | 266.3 | 69.7 | 18.3 | 2.4 | 28.3 |
| Total Non-Current Liabilities | 399.1 | 542.9 | 402.2 | 372.9 | 156.6 | 166.0 |
| Total Liabilities | 484.0 | 610.7 | 462.9 | 434.8 | 186.5 | 247.4 |
| Stockholders' Equity | ||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (97.1) | (191.8) | (60.8) | (5.0) | (5.9) | (11.0) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 47.0 | (131.6) | (18.3) | 4.1 | 263.2 | 256.3 |
| Total Liabilities & Equity | 531.0 | 479.1 | 444.6 | 438.8 | 449.7 | 503.7 |
| Debt Metrics | ||||||
| Total Debt | 401.0 | 293.9 | 344.2 | 365.3 | 137.1 | 193.9 |
| Net Debt | 314.0 | 234.8 | 316.6 | 356.6 | 121.3 | 152.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 94.8 | (131.0) | (55.8) | 0.9 | 5.1 | (13.1) | 7.7 |
| Depreciation & Amortization | 8.9 | 16.9 | 27.0 | 37.5 | 43.2 | 27.6 | 27.4 |
| Stock-Based Compensation | 0 | 37.3 | 15.8 | 28.4 | 2.6 | 1.3 | 6.8 |
| Change in Working Capital | (13.2) | (8.8) | (7.3) | 2.5 | (10.9) | 3.6 | (6.4) |
| Other Non-Cash Items | 48.5 | 186.5 | 64.4 | (7.4) | (1.2) | 6.7 | 0.3 |
| Operating Cash Flow | 141.5 | 95.0 | 36.1 | 50.6 | 34.4 | 26.1 | 38.0 |
| Investing Activities | |||||||
| Capital Expenditure | (0.7) | (0.9) | (4.2) | (5.6) | (3.8) | (0.5) | (2.5) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | (263.8) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (4.4) | (3.7) | 0 | 0 | (0.1) | (2.2) |
| Investing Cash Flow | (8.6) | (5.3) | (4.2) | (5.6) | (3.8) | (264.5) | (4.7) |
| Financing Activities | |||||||
| Net Debt Issuance | 103.5 | (50.8) | (3.7) | 225.5 | (56.6) | 193.5 | 0 |
| Stock Repurchased | (450.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | (196.3) | 0 | 0 | 0 |
| Other Financing Activities | (73.9) | (12.1) | (12.0) | (86.5) | (1.0) | 106.2 | 0 |
| Financing Cash Flow | (105.0) | (58.9) | (13.0) | (52.1) | (56.2) | 299.7 | 0 |
| Cash Position | |||||||
| Net Change in Cash | 27.9 | 30.8 | 18.9 | (7.1) | (25.6) | 61.3 | 33.3 |
| Cash at Beginning | 59.2 | 29.0 | 8.7 | 17.2 | 42.8 | 48.0 | 14.7 |
| Cash at End | 87.0 | 59.8 | 27.6 | 10.1 | 17.2 | 109.2 | 48.0 |
| Free Cash Flow | 140.8 | 94.0 | 31.9 | 45.1 | 30.6 | 25.6 | 35.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 439.9 | 344.6 | 259.7 | 195.0 | 145.8 | 104.5 | 108.7 |
| Gross Profit | 318.5 | 257.1 | 192.2 | 143.7 | 108.5 | 73.0 | 81.2 |
| Operating Income | 126.3 | 92.6 | 55.4 | 13.0 | 23.7 | (0.9) | 10.1 |
| Net Income | 94.8 | (131.0) | (55.8) | 0.9 | 5.1 | (13.1) | 7.7 |
| EPS (Diluted) | 0.49 | -0.74 | -0.32 | 0.01 | 0.03 | -0.60 | 0.05 |
| Balance Sheet | |||||||
| Cash & Equivalents | 87.0 | 59.2 | 27.6 | 8.7 | 15.8 | 41.4 | |
| Total Assets | 531.0 | 479.1 | 444.6 | 438.8 | 449.7 | 503.7 | |
| Total Debt | 401.0 | 293.9 | 344.2 | 365.3 | 137.1 | 193.9 | |
| Stockholders' Equity | 47.0 | (131.6) | (18.3) | 4.1 | 263.2 | 256.3 | |
| Cash Flow | |||||||
| Operating Cash Flow | 141.5 | 95.0 | 36.1 | 50.6 | 34.4 | 26.1 | 38.0 |
| Capital Expenditure | (0.7) | (0.9) | (4.2) | (5.6) | (3.8) | (0.5) | (2.5) |
| Free Cash Flow | 140.8 | 94.0 | 31.9 | 45.1 | 30.6 | 25.6 | 35.5 |