AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Grindr grew Q2 revenue 32.5% YoY to $138.1M on rising ARPPU and paying users, but net income margin fell to 12.8% from 16.0% as buybacks pushed stockholders' equity to a $(11.7)M deficit.
Biggest Revenue Drivers
App-based revenue$113.3M+30.4% YoY
Driven by ARPPU growth (+$2.86 to $26.51) and Average Paying Users growth (+197K), from paywall optimizations and merchandising strategies strengthening XTRA/Unlimited adoption
Advertising revenue$24.8M+43.4% YoY
Driven by strong CPMs across North America, third-party partnerships, and onboarding additional campaigns
Biggest Revenue Drivers
Total revenue: $138.1M+32.5% YoY
App-based revenue$113.3M+30.4% YoY
Driven by ARPPU growth (+$2.86 to $26.51) and Average Paying Users growth (+197K), from paywall optimizations and merchandising strategies strengthening XTRA/Unlimited adoption
Advertising revenue$24.8M+43.4% YoY
Driven by strong CPMs across North America, third-party partnerships, and onboarding additional campaigns
Largest Expense Items
Selling, general and administrative expense$49.9M+36.7% YoY
Increase of $6.1M in salaries and benefits and $5.2M in marketing expenses
Cost of revenue$34.6M+26.3% YoY
Growth in distribution fees of $6.0M consistent with app-based revenue growth, plus $0.9M higher infrastructure costs
Product development expense$20.3M+57.4% YoY
Increase in personnel-related expenses of $7.4M from increased headcount, including $3.5M higher stock-based compensation
Margins: Operating margin held roughly flat at 23.5% vs 23.4% YoY, but net income margin fell to 12.8% from 16.0% due to higher interest expense from increased debt and a higher effective tax rate (22.5% vs 21.9%) tied to Section 162(m) officer compensation limits.
Watch Items from the Filing
Director G. Raymond Zage, III beneficially owns more than 50% of outstanding shares, making Grindr a 'controlled company' under NYSE standards.
Aggressive buybacks ($147.2M repurchased in H1 2026 plus equity forward instruments) pushed total stockholders' equity to a deficit of $(11.7)M from $47.0M at year-end 2025.
Grindr paid a NOK 65,000,000 (~$6.5M) Norwegian GDPR fine in February 2026 and disputes an additional ~$1.7M in interest assessed by the Norwegian collection agency.
International revenue is 43.0% of total revenue; a hypothetical 10% move in EUR/GBP would have changed quarterly revenue by $3.3 million.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Solomon RobertReporting ownerGrant or award · Jun 2, 2026
Hanna FadiReporting ownerGrant or award · Jun 2, 2026
Gersh LisaReporting ownerGrant or award · Jun 2, 2026
Cohen Chad MReporting ownerGrant or award · Jun 2, 2026
About Grindr Inc. (GRND): stock profile, AI score and financials
Grindr Inc. (GRND) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores GRND at 72.0/100 on a composite quality score built from its SEC filings, placing it at rank #167 of 2,925 stocks — the top 10% of the AI-ranked universe. GRND scores in the top quartile across balance sheet strength (95.6), revenue growth (88.3), free cash flow (84.5). Areas of concern include revenue scale (37.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 13.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Grindr Inc. reports quarterly revenue of $138.1M, net income of $17.7M, an operating margin of 23.5%. Top institutional holders of GRND by reported 13-F value include CITADEL ADVISORS, BlackRock, MORGAN STANLEY, 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.