Grindr Inc. runs an online social networking platform specifically designed for the LGBTQ demographic. Through this digital space, gay, bisexual, transgender, and ...
Grindr Inc. (NYSE: GRND) is the world's largest social networking and dating application for the LGBTQ+ community. Founded in 2009 by Joel Simkhai, the company is headquartered in West Hollywood, California, and has additional offices in the Bay Area, Chicago, and New York. Grindr's core product is a mobile app ...Grindr Inc. (NYSE: GRND) is the world's largest social networking and dating application for the LGBTQ+ community. Founded in 2009 by Joel Simkhai, the company is headquartered in West Hollywood, California, and has additional offices in the Bay Area, Chicago, and New York. Grindr's core product is a mobile app that uses geolocation to connect users with nearby matches, enabling chat, media sharing, and meetups. The app is available on iOS and Android platforms.
Business Model: Grindr operates a freemium model. The basic app is free and ad-supported, while premium features are offered through subscription plans (e.g., Grindr XTRA and Grindr Unlimited) that provide enhanced visibility, advanced filters, read receipts, and more. Revenue is generated primarily from subscriptions and advertising.
Financial Overview: As of the first quarter of 2026, Grindr reported revenue of $130 million with a net income margin of 21%. The company's TTM gross profit margin is 74.7%, and its net profit margin is 18.7%. Market capitalization stands at approximately $2.95 billion. The company trades on the New York Stock Exchange.
Key People: George Arison has served as CEO since October 2022 and was appointed Chairman of the Board in June 2026. Founder Joel Simkhai remains a notable figure in the company's history.
Operations: Grindr serves millions of monthly active users globally, with 14.2 million MAUs reported in Q4 2024. The company employs around 160 full-time employees, with a company culture emphasizing innovation and AI-native technology.
Products and Services: Grindr continues to evolve with new features, including AI-driven matching and safety tools, while maintaining a strong focus on privacy and community standards. Despite competition, it remains a leading platform for LGBTQ+ social connection.
Costs and BOM: The company's primary costs include R&D (12.1% of revenue), sales, general and administrative expenses (32.2% of revenue), and capital expenditures (0.6% of revenue).
Future Outlook: Grindr aims to leverage AI to enhance user experience and deepen engagement, with plans for global expansion and improved monetization strategies.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$439.9M
+27.6%
+6.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$94.8M
+172.3%
-33.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+72.4%
-2.9%
+0.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+28.7%
+6.8%
-28.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+21.5%
+156.7%
-37.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$140.8M
+49.7%
+22.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+32.0%
+17.3%
+14.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
853.1%
+481.9%
-239.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.90x
+10.1%
-16.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, everyone. My name is Megan, and I will be your conference operator today. At this time, I would like to welcome you to the Grindr Second Quarter 2026 Earnings Call. [Operator Instructions] At this time, I would like to turn the call over to Tolu Adeofe, Head of Investor Relations.
Tolu Adeofe: Hello, and welcome to the Grindr Earnings Call for the Second Quarter 2026. Today's call will be led by Grindr's CEO, George Arison; and CFO, John North. They will make a few brief remarks, and then we'll open it up for questions. Please note, Grindr released its shareholder letter this afternoon, and this is available on the SEC's website and Grindr's Investor page at investors.grindr.com. Before we begin, I will remind everyone that during this call, we may discuss our outlook, future performance and future prospects. You should not rely on forward-looking statements as predictions of future events. These forward-looking statements are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of the risks that could cause our actual results to differ from views expressed in our forward-looking statements have been set forth in our earnings release and our periodic reports filed with the SEC, including our annual report on Form 10-K for the year ended December 31, 2025, or any subsequently filed quarterly reports. During today's call, we will also present both GAAP and non-GAAP financial measures. Additional disclosures regarding non-GAAP measures, including a reconciliation of these non-GAAP financial measures to their most closely comparable GAAP financial measure are included in the earnings release we issued today, which has been posted on the Investor Relations page of Grindr's website and in Grindr's filings with the SEC. With that, I'll turn it over to George.
George Arison: Thanks, Tolu, and hello. Thank you, everyone, for joining us today. Grindr delivered another outstanding quarter and continued to build on the momentum we have established over the last 3 years. Our users are responding even better than we expected to the significant product work underway across the app, driving strong organic momentum and exceptional second quarter results. Today, we are raising our full year guidance to approximately $540 million in revenue and approximately $232 million in adjusted EBITDA. What excites me most is that we are able to invest more aggressively in the future of Grindr than ever before while creating stronger operating leverage. With AI, we are delivering on our product road map and expansion efforts with less headcount growth than we expected, particularly in engineering. As always, I encourage you to read our shareholder letter for greater detail, but I believe 3 areas best explain the quarter. First, AI. Over the last several quarters, we have been terraforming Grindr into an AI native company, which is changing how we build software. Engineers are increasingly …