For the quarter ending 2026-03-31, GRND had -$63,235K decrease in cash & cash equivalents over the period. $33,434K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 26,750 | 20,260 | 30,834 | 16,638 |
| Stock-based compensation | 15,008 | 21,025 | 6,019 | 16,529 |
| Gain in fair value of warrant liability | 0 | 0 | 0 | 0 |
| Deferred income taxes | - | 2,633 | 0 | 0 |
| Loss on extinguishment of debt related to 2020 credit agreement | - | 0 | - | - |
| Amortization of debt discount and issuance costs | 297 | 239 | 228 | 224 |
| Interest income on promissory note from member | - | 0 | - | - |
| Depreciation and amortization | 983 | 1,053 | 1,262 | 3,068 |
| Provision for expected credit losses | -15 | 0 | -93 | 15 |
| Non-cash lease expense | 792 | 799 | 793 | 760 |
| Accounts receivable | 2,210 | 9,125 | 1,643 | 3,865 |
| Prepaid expenses and deferred charges | -32 | -891 | 7 | 504 |
| Other liabilities | - | 0 | 2 | -169 |
| Other current assets | -495 | -218 | 714 | 320 |
| Other assets | 85 | -34 | 157 | 11 |
| Accounts payable | 1,469 | -2,670 | 2,354 | -332 |
| Accrued expenses and other current liabilities | -9,461 | -10,516 | 15,711 | 5,246 |
| Deferred revenue | 253 | 813 | 1,703 | 921 |
| Lease liability | -842 | -896 | -843 | -682 |
| Net cash provided by operating activities | 33,466 | 24,758 | 55,449 | 37,518 |
| Purchases of property and equipment | 32 | 222 | 208 | 192 |
| Additions to capitalized software development costs | 1,578 | 2,680 | 3,998 | 688 |
| Net cash used in investing activities | -1,610 | -2,902 | -4,206 | -880 |
| Proceeds from issuance of debt | - | 415,000 | - | - |
| Proceeds from the exercise of stock options | 65 | 189 | 132 | 782 |
| Principal payments on debt | 5,000 | 297,350 | 3,750 | 3,750 |
| Payment of debt issuance costs | - | 2,877 | - | - |
| Payment for the purchase of equity instruments | 99,925 | 50,000 | - | - |
| Settlement of equity instruments | 10,930 | - | - | - |
| Withholding taxes paid on stock-based compensation | 1,161 | 6,100 | 2,284 | 10,030 |
| Repurchases of common stock under the stock repurchase program | 0 | 0 | 159,839 | 158,683 |
| Transaction costs paid in connection with the business combination | - | 0 | - | - |
| Proceeds from the repayment of promissory note to a member including interest | - | 0 | - | - |
| Proceeds from the exercise of warrants | 0 | 0 | 0 | 0 |
| Payment of early termination fee related to the extinguishment of debt | - | 0 | - | - |
| Payment for redemption of warrants | 0 | 0 | 0 | 0 |
| Net cash (used in) provided by financing activities | -95,091 | 58,862 | -165,741 | -171,681 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -63,235 | 80,718 | -114,498 | -135,043 |
| Cash, cash equivalents and restricted cash, beginning of the period | 87,650 | 6,932 | 59,757 | - |
| Cash, cash equivalents and restricted cash, end of the period | 24,415 | 87,650 | 6,932 | - |
Grindr Inc. (GRND)
Grindr Inc. (GRND)