Grindr Inc.(GRND)Stock Analysis
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Rank #213 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
GRND Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Grindr Inc. (GRND), a Technology sector company. 13F Pro's AI-powered ranking engine scores GRND at 72.8/100 on a 32-signal composite quality model, placing it at rank #213 of 2,879 stocks — the top 10% of the AI-ranked universe. GRND scores in the top quartile across balance sheet strength (96.4), profitability (89.0), free cash flow (87.9). Areas of concern include earnings quality (30.0) and revenue scale (34.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Grindr Inc. reports quarterly revenue of $129.9M, net income of $26.8M, an operating margin of 32.9%. Top institutional holders of GRND by reported 13-F value include BlackRock,, CITADEL ADVISORS, Quinn Opportunity Partners, based on the most recent SEC filings. GRND trades on the NYSE exchange and files with the SEC under CIK 1820144. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GRND daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Grindr Inc. directly from SEC EDGAR. Grindr Inc.'s 13F Pro composite quality score has ranged between 8 and 80 since 2023, currently 72.8 — an improving long-term trajectory across 48 quarterly and live scoring snapshots.
What's Driving GRND's Business? Latest 10-Q Breakdown
✓ 32/32 datapoints verifiedAI-extracted from Grindr Inc.'s 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Grindr's Q1 revenue surged 38.3% YoY to $129.9M, driven by 1.4M average paying users and $25.63 ARPPU, with operating income reaching $42.7M.
Biggest Revenue Drivers
Total revenue: $129.9M+38.3% YoY
Enhanced paywall optimizations and merchandising strategies strengthened subscription adoption across XTRA and Unlimited tiers.
Broad-based strength across geographies and ad formats, including certain large campaigns onboarded during the quarter.
Largest Expense Items
Growth driven by distribution fees of $6.0M increase consistent with app-based revenue growth and increased infrastructure costs of $1.6M.
Increase of $2.5M in professional, legal and contractor fees; $2.2M increase in marketing expenses; $0.7M in salaries and benefits.
Increase in personnel-related expenses of $5.3M from increased headcount, including $3.4M increase in stock-based compensation.
Increase in interest expense of $1.6M from higher debt balances and $1.1M decrease in interest income from prior year treasury bill investments.
Margins: Operating margin improved to 32.9% from 27.0% YoY despite higher expenses, reflecting strong revenue growth. Net income margin declined to 20.6% from 28.8% due to higher interest expense and absence of prior-year warrant fair value gains.
Watch Items from the Filing
- Average Paying Users grew 18.6% YoY to 1.4M, while ARPPU increased 12.1% to $25.63, showing healthy monetization trend but decelerating user growth relative to revenue expansion.
- International revenue represents 43.0% of total; a 10% foreign exchange move in Euro and British Pound would impact revenue by ~$3.0M (2.3% of total), creating FX headwind exposure.
- Cash and equivalents declined significantly to $23.8M from $87.0M at year-end 2025 due to $99.9M equity instrument purchases and $5.0M debt payments in Q1, limiting financial flexibility.
- UK group action and Israeli class action litigation pending court rulings; CWA NLRB hearing concluded May 2026 with complaint filed but no NLRB decision yet; Norwegian fine paid but $1.7M interest disputed.
- Operating cash flow of $33.5M covered only 54.5% of Adjusted EBITDA ($58.5M) after capex, indicating capital allocation toward buybacks ($99.9M equity instruments) rather than organic reinvestment.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$129.9M
Net Income
Q1 2026
$26.8M
Free Cash Flow
Q1 2026
$33.4M
Operating Margin
Q1 2026
32.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+27.6% YoYNet Income
+172.3% YoYOperating Income
+36.4% YoYEPS (Diluted)
+158.1% YoYTotal Assets
+10.8% YoYTotal Debt
+36.1% YoYOp. Cash Flow
+49.0% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Revenue | $439.9M +27.6% | $344.6M +76.7% | $195.0M +33.7% | $145.8M |
| Net Income | $94.8M +172.3% | $-131.0M -15475.7% | $852.0K -83.2% | $5.1M |
| Operating Income | $126.3M +36.4% | $92.6M +610.4% | $13.0M -45.0% | $23.7M |
| EPS (Diluted) | $0.43 +158.1% | $-0.74 -7500.0% | $0.01 -66.7% | $0.03 |
| Total Assets | $531.0M +10.8% | $479.1M +9.2% | $438.8M +54.2% | $284.5M |
| Total Debt | $415.9M +36.1% | $305.6M -20.2% | $382.8M +171.6% | $141.0M |
| Operating Cash Flow | $141.5M +49.0% | $95.0M +87.5% | $50.6M +47.1% | $34.4M |
AI Insight: GRND Financial Trends
Revenue surged 58% from Q2 2024 to Q1 2026 while operating income nearly doubled, but a $110M debt jump in Q4 2025 demands scrutiny.
• Revenue grew steadily from $82M in Q2 2024 to $130M in Q1 2026, a 58% increase over six quarters.
• Operating income expanded from $25M in Q2 2024 to $43M in Q1 2026, with a notable spike to $45M in Q3 2025.
• Operating cash flow surged from $16M in Q2 2024 to $55M in Q3 2025, though it pulled back to $33M in Q1 2026.
• Total debt fell steadily from $313M to $295M across Q2 2024–Q3 2025, then spiked sharply to $416M in Q4 2025.
⚠ Total debt jumped $121M in Q4 2025 to $416M — reversing six quarters of deleveraging. Debt purpose and repayment terms are key.
⚠ Net income remains volatile, swinging from -$124M in Q4 2024 to $31M in Q3 2025, signaling below-the-line noise obscuring operating trends.
⚠ Operating cash flow of $33M in Q1 2026 recovered from Q4 2025's $25M; sustaining the Q3 2025 high of $55M is worth monitoring.
AI Insight: GRND Ratio Trends
Grindr's Q1 2026 operating margin rebounded to 32.9% and ROIC surged to 41.6%, signaling strong capital efficiency recovery after a weak Q4 2025.
• Operating margin recovered from 24.9% in Q4 2025 to 32.9% in Q1 2026, the highest since Q3 2025's exceptional 39.1%.
• ROIC jumped from 30.1% in Q4 2025 to 41.6% in Q1 2026, reversing a two-quarter decline from the Q3 2025 peak of 61.4%.
• ROA improved to 22.7% in Q1 2026 from 15.3% in Q4 2025, continuing a pattern of sharp quarter-to-quarter swings.
⚠ Net profit margin is volatile — swinging from -126.9% in Q4 2024 to 28.8% in Q1 2025 — making sustained profitability hard to confirm.
⚠ ROIC peaked at 61.4% in Q3 2025 then collapsed to 30.1% in Q4 2025; whether Q1 2026's 41.6% marks a durable recovery warrants monitoring.
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Available Research
13F Pro tracks comprehensive data for Grindr Inc. including:
Top Institutional Holders of GRND
BlackRock, Inc.
$45.1M3,733,139 shCITADEL ADVISORS LLC
$22.5M1,864,925 shQuinn Opportunity Partners LLC
$22.5M1,858,700 shPERRY CREEK CAPITAL LP
$21.5M1,779,134 shMARSHALL WACE, LLP
$18.9M1,567,080 shBWCP, LP
$18.9M1,565,451 shVANGUARD CAPITAL MANAGEMENT LLC
$17.0M1,406,976 shDIMENSIONAL FUND ADVISORS LP
$16.9M1,396,122 shTikvah Management LLC
$16.4M1,354,620 shBlacksheep Fund Management Ltd
$15.0M1,241,080 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $45.1M | 3,733,139 |
| CITADEL ADVISORS LLC | $22.5M | 1,864,925 |
| Quinn Opportunity Partners LLC | $22.5M | 1,858,700 |
| PERRY CREEK CAPITAL LP | $21.5M | 1,779,134 |
| MARSHALL WACE, LLP | $18.9M | 1,567,080 |
| BWCP, LP | $18.9M | 1,565,451 |
| VANGUARD CAPITAL MANAGEMENT LLC | $17.0M | 1,406,976 |
| DIMENSIONAL FUND ADVISORS LP | $16.9M | 1,396,122 |
| Tikvah Management LLC | $16.4M | 1,354,620 |
| Blacksheep Fund Management Ltd | $15.0M | 1,241,080 |
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Popular Research
Is GRND a good stock to buy?
13F Pro's AI-powered analysis of Grindr Inc. (GRND) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GRND are available on the GRND stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own GRND?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GRND. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Grindr Inc.'s investment landscape.