For the year ending 2025-12-31, GRND made $439,898K in revenue. $94,751K in net income. Net profit margin of 21.54%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 439,898 | 344,636 | 259,691 | 195,015 |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 112,559 | 87,579 | 67,458 | 51,280 |
| Selling, general and administrative expense | 143,263 | 114,742 | 80,417 | 75,295 |
| Product development expense | 48,928 | 32,807 | 29,327 | 17,900 |
| Depreciation and amortization | 8,860 | 16,910 | 27,041 | 37,505 |
| Total operating expenses | 313,610 | 252,038 | 204,243 | 181,980 |
| Income from operations | 126,288 | 92,598 | 55,448 | 13,035 |
| Interest expense, net | -17,643 | -25,616 | - | - |
| Other income (expense), net | 63 | -715 | 85 | -2,799 |
| Interest expense, net | - | - | -46,007 | -31,538 |
| Loss on extinguishment of debt | 0 | 0 | -11,582 | - |
| Change in fair value of warrant liability | - | - | - | 21,295 |
| Gain (loss) in fair value of warrant liability | -9,905 | 184,557 | 49,689 | - |
| Total other expense, net | -7,675 | -210,888 | -107,193 | -13,042 |
| Net income (loss) before income tax | 118,613 | -118,290 | -51,745 | -7 |
| Income tax provision | 23,862 | 12,711 | 4,023 | -859 |
| Net income (loss) | 94,751 | -131,001 | -55,768 | 852 |
| Comprehensive (loss) income | - | - | -55,768 | - |
| Basic EPS | 0.45 | -0.74 | -0.32 | 0.01 |
| Diluted EPS | 0.43 | -0.74 | -0.32 | 0.01 |
| Basic Average Shares | 190,056,612 | 175,880,320 | 174,170,517 | 157,882,535 |
| Diluted Average Shares | 195,178,837 | 175,880,320 | 174,170,517 | 159,166,872 |
Grindr Inc. (GRND)
Grindr Inc. (GRND)