Grindr Inc logo

Grindr Inc(GRND)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$15.73
09/14/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for GRND

09/14/2026: GRND (4-star) is currently NOT-A-BUY. Pass it for now.

Grindr Inc is a leading social networking platform primarily serving the LGBTQ+ community, operating a high-engagement app that monetizes through subscriptions and advertising. The company's main strength lies in its strong niche affinity and high daily user engagement, which provides a solid base for recurring revenue growth. Its primary investment story centers on increasing subscriber conversion and scaling its platform-based business model. However, investors should note risks including intense competition from larger dating platforms, reliance on third-party mobile ecosystems, and the inherent volatility of a growth-focused tech stock. Grindr may suit growth-oriented investors who are comfortable with higher risk and should monitor user growth and subscription ARPU metrics closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitGrindr targets an attractive niche demographic with high engagement, offering potential for significant revenue growth.
Momentum investorStrong fit while signal remains positiveThe stock's technical performance is often driven by user growth metrics and subscription revenue acceleration.
Value investorWeak fitThe company is currently valued based on future growth potential rather than current yield or low price-to-earnings multiples.
Dividend investorWeak fitGrindr does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitSmall-cap, consumer-tech stocks in the social media space generally carry higher volatility and execution risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighAs a growth-oriented mid-cap stock, the share price is sensitive to quarterly subscriber growth reports.
Valuation riskMedium / highGrowth expectations are already priced into the equity, leaving little room for disappointing guidance.
Competition risk (social discovery)MediumMainstream apps could incrementally improve their features for LGBTQ+ users, eroding Grindr's niche dominance.
Business qualityMediumThe platform possesses high user stickiness but is dependent on the volatile social media ad and subscription market.
Dividend incomeLow / noneThe company does not provide income through dividends.
Execution riskMediumSuccessfully transitioning users from free to paid tiers requires ongoing product innovation and effective marketing.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 52.05%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/14/2026

Upturn Scorecard

Upturn Star Rating

GRND receives a 4-star rating, supported by strong unit economics, and solid company fundamentals. The rating is constrained by weak price momentum.

Company Fundamentals

GRND has solid overall fundamentals (4 stars), with solid financial health, strong growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+172.3%) supports the fundamentals score.

Financial Health Rating

GRND's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 15.3%). Overall financial-health metrics support a 4-star score.

Growth Momentum Score

Earnings growth is GRND's strongest growth driver at +172.3% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+27.6%, solid) and free-cash-flow growth (+49.7%, strong) are also constructive, though not equally high across every growth measure.

Ownership

Institutional ownership is 23.5% and approximately 25.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 83.43% supports management-shareholder alignment.

Top 5 Institutional Investors

Citadel Advisors Llc 2.56%
BlackRock Inc 2.15%
PERRY CREEK CAPITAL LP 1.06%
NORGES BANK 0.99%
BWCP, LP 0.95%

Unit Economics (Per $1K Revenue)

GRND generates approximately $724 of gross profit, $287 of operating income, and $320 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

Effective Tax Rate: 20.12%

Quantitative Style Profile

GRND has a high-quality, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze Risk

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.73B USD
Price to earnings Ratio 33.47
1Y Target Price 20.8
Price to earnings Ratio 33.47
1Y Target Price 20.8
Volume (30-day avg) 1.5M shares
Beta 0.19
52 Weeks Range 9.73 - 18.50
Updated Date 09/14/2026
52 Weeks Range 9.73 - 18.50
Updated Date 09/14/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.47

How Company Makes Money

Business areaWhat it includesRetail investor read
Subscription ServicesGrindr+ and Grindr Unlimited premium memberships.The company's primary growth engine is converting free users into paying subscribers.
AdvertisingDisplay and native ads on the platform.A traditional monetization method that leverages the platform's high traffic volume.
A La CarteIndividual profile boosts and feature purchases.Small, incremental revenue streams that supplement subscriptions.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 33.47
Forward PE -
Enterprise Value 3.04B
Price to Sales(TTM) 5.36
Enterprise Value 3.04B
Price to Sales(TTM) 5.36
Enterprise Value to Revenue 5.96
Enterprise Value to EBITDA 19.98
Shares Outstanding 173.82M
Shares Floating 44.35M
Shares Outstanding 173.82M
Shares Floating 44.35M
Percent Insiders 83.43
Percent Institutions 23.52

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Grindr Inc

Exchange NYSE
Headquarters West Hollywood, CA, United States
IPO Launch date 2021-01-14
Chairman & CEO Mr. George Arison
Sector Technology
Industry Software - Application
Full time employees 172
Full time employees 172

Grindr Inc. operates a social networking and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. It manages and operates Grindr platform, a social networking platform serving and addressing the needs of gay, bisexual, and sexually explorative adults. It also offers Grindr as the Global Gayborhood in Your Pocket brand. In addition, the company provides ad-supported service and a premium subscription version. Grindr Inc. was founded in 2009 and is headquartered in West Hollywood, California.