GRND
Grindr Inc.13.38
+0.30+2.29%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Edge upside detailed; governance calmed
Q&A elaborated on Edge premium tier, revealing strong Australia test demand and ongoing price tests through H1—pure 2027 upside, not in 2026 guidance of >$528M revenue. Pricing hikes for XTRA/Unlimited drew no backlash, affirming value from years of free upgrades; rollout completes H1. Governance reassurances followed shareholder queries: board independence intact, new directors incoming, Ray committed long-term. MAU dip stemmed from bot purges, not weakness. Premiumization pairs AI perks for power users with free-tier paywall unwinds. Edge excites early adopters. Watch global pricing and Edge scale for thesis durability.
Key Stats
Market Cap
2.57BP/E (TTM)
-Basic EPS (TTM)
-0.37Dividend Yield
0%Recent Filings
10-K
FY2025 results
Grindr delivered FY2025 revenue of $439.9M, up 27.6% y/y, fueled by 16.9% growth in average paying users to 1.3M and ARPPU expansion to $24.25 amid optimized subscriptions and add-ons. Q4 momentum accelerated with weekly tier adoption and programmatic ad scaling, lifting indirect revenue 37.1% y/y while direct held steady at 84% of total. Adjusted EBITDA hit $195.6M (44.5% margin), free cash flow $132.9M; $400M term loan funds buybacks totaling $450.5M. No annual guidance disclosed. Adverse LGBTQ environments could curb user growth.
8-K
Standstill deal, strong results
Grindr inked a cooperation agreement with largest shareholder and board member G. Raymond Zage III on February 26, 2026, imposing 18-month standstill curbs on acquisitions beyond 4M shares and extraordinary transactions without board invite. It reported 2025 revenue of $440M, up 28%, Adjusted EBITDA $196M (44.5% margin), and net income $95M. Board boosted share repurchases by $400M, extending to March 2029. Capital return signals confidence.
8-K
2026 AGM date set early
8-K
Grindr upsizes, extends debt
Grindr amended its credit agreement on December 16, 2025, boosting the term loan to $400M from $300M and revolver to $200M from $50M, while extending maturity to January 1, 2031. Proceeds refinanced the prior facility; future draws support working capital and permitted acquisitions. Lenders gained three extra years of commitment.
8-K
Exec comp revamp approved
Grindr's board approved revised compensation for CEO Arison and executives North, Balance, and Katz on November 30, 2025, extending Arison's term to 2030 with a potential 2.25M RSU refresh and performance RSUs tied to $5B/$7.5B market caps or $275M/$412M TTM EBITDA. Enhanced severance and broad Good Reason triggers protect against board changes or delisting. Locks in leadership.