For the year ending 2025-12-31, GRND had $27,893K increase in cash & cash equivalents over the period. $140,772K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | 94,751 | -131,001 | -55,768 | 852 |
| Stock-based compensation | 54,520 | 37,272 | 15,824 | 28,422 |
| (gain) loss in fair value of warrant liability | -9,905 | 184,557 | 49,689 | -21,295 |
| Loss on extinguishment of debt related to 2020 credit agreement | 0 | 0 | -11,582 | 0 |
| Amortization of debt discount and issuance costs | 914 | 909 | 1,819 | 1,281 |
| Accrual of premium on debt | - | - | - | 0 |
| Transaction costs allocated to warrant liability | - | - | 0 | 2,302 |
| Interest income on promissory note from member | 0 | 0 | -282 | -2,842 |
| Depreciation and amortization | 8,860 | 16,910 | 27,041 | 37,505 |
| Provision for expected credit losses | -24 | -718 | 421 | 282 |
| Deferred income taxes | 2,633 | -5,907 | -7,982 | -11,218 |
| Non-cash lease expense | 2,988 | 1,780 | 1,144 | 1,050 |
| Accounts receivable | 18,323 | 14,975 | 11,892 | 4,832 |
| Prepaid expenses and deferred charges | 3,219 | -1,271 | -3,449 | 4,440 |
| Other current assets | -405 | -734 | 1,663 | -2,558 |
| Other assets | 241 | 296 | 350 | -20 |
| Accounts payable | -1,877 | -461 | -713 | 1,802 |
| Due to/(from) related party | - | - | - | 0 |
| Accrued expenses and other current liabilities | 9,150 | 6,831 | 4,661 | 10,211 |
| Deferred revenue | 4,315 | 789 | 595 | -1,491 |
| Lease liability | -3,262 | -2,749 | -1,417 | -1,989 |
| Loss on extinguishment on deferred purchase price paid to kunlun | - | - | 0 | -11,851 |
| Other liabilities | -167 | 11 | -11 | 615 |
| Net cash provided by operating activities | 141,518 | 94,957 | 36,147 | 50,644 |
| Additions to capitalized software | - | - | 3,721 | 5,155 |
| Purchases of property and equipment | 746 | 945 | 509 | 430 |
| Additions to capitalized software development costs | 7,870 | 4,400 | - | - |
| Net cash used in investing activities | -8,616 | -5,345 | -4,230 | -5,585 |
| Proceeds from the exercise of stock options | 1,722 | 4,022 | 2,719 | 2,023 |
| Proceeds from the exercise of warrants | 314,124 | 1 | - | - |
| Payment for redemption of warrants | 58 | - | - | - |
| Payment of related party note payable | - | - | 0 | 1,780 |
| Proceeds from issuance of debt | 415,000 | 0 | 344,400 | 230,800 |
| Principal payments on debt | 308,600 | 50,800 | 367,480 | 3,480 |
| Payment of debt issuance costs | 2,877 | 0 | 4,510 | 5,092 |
| Payment for the purchase of equity instruments | 50,000 | - | - | - |
| Withholding taxes paid on stock-based compensation | 23,814 | 12,076 | - | - |
| Proceeds from issuance of common stock in the business combination | - | - | 0 | 5,182 |
| Repurchases of common stock under the stock repurchase program | 450,506 | - | - | - |
| Transaction costs paid in connection with the business combination | 0 | 0 | 1,196 | 28,460 |
| Proceeds from the repayment of promissory note to a member including interest | 0 | 0 | 19,353 | - |
| Payment of early termination fee related to the extinguishment of debt | 0 | 0 | 6,322 | - |
| Distributions paid | - | - | 0 | 196,305 |
| Payment of deferred purchase price to kunlun | - | - | 0 | 155,000 |
| Proceeds from exercise of forward purchase agreement | - | - | 0 | 100,000 |
| Net cash used in financing activities | -105,009 | -58,853 | -13,036 | -52,112 |
| Net increase in cash, cash equivalents and restricted cash | 27,893 | 30,759 | 18,881 | -7,053 |
| Cash, cash equivalents and restricted cash, beginning of the period | 59,757 | - | - | - |
| Cash, cash equivalents and restricted cash, end of the period | 87,650 | - | - | - |
Grindr Inc. (GRND)
Grindr Inc. (GRND)