Recent News
On August 7, 2025 Grindr published second-quarter 2025 results reporting $104 million in revenue and management commentary focused on AI-driven product initiatives and continued growth. The company announced its Q2 results release schedule on July 24, 2025 and disclosed participation in investor conferences in late August and early September. Media outlets also covered recent product rollouts including “Right Now,” a live ephemeral feed, and broader generative-AI features and opt-out controls introduced for users.
Technical Analysis
ADX and Directional Indicators: ADX at 32.61 signals a strong trend strength. DI+ at 17.92 shows an increasing trend while DI- at 29.75 shows a decreasing trend, indicating directional momentum shifting toward bullish conditions despite DI- remaining above DI+ today; that dynamic suggests trend-strengthening favors short-term upside while a prior negative directional influence still exerted pressure.
MACD: MACD sits at -0.42 and has turned higher, crossing above its signal line (-0.61); that cross constitutes a bullish momentum signal that supports near-term upward price bias.
MRO (Momentum/Regression Oscillator): MRO reads -10.33, which indicates the price currently sits below the model target and therefore carries potential to move higher toward that target.
RSI and Price Positioning: RSI at 38.56 shows room to run as it trends higher; price trades above the 20-day average ($15.59) and the 12-day EMA ($15.74) while remaining below the 50-day and 200-day averages ($17.14 and $18.87). Price sits near the upper Bollinger band (upper 1σ $15.95), suggesting a momentum-driven lift that may meet resistance in the mid-$16s and at the super-trend upper band ($16.52).
Fundamental Analysis
Profitability & Margins: EBIT of $24,856,000 and EBITDA of $27,924,000 produce an EBIT margin of 23.85%. That margin falls below the industry peer mean of 35.53% and below the industry peer median of 30.97%, indicating profit margins lag typical peers despite positive absolute profitability. Operating margin stands at 23.36% with an operating-margin quarter-over-quarter change of -38.09% and an operating-margin year-over-year change of -278.28%.
Growth: Total revenue of $104,220,000 represents YoY revenue growth of 17.81% and a trailing revenue-growth figure of 10.95%; the most-recent quarterly revenue growth shows a QoQ change of -390.11% (as provided), reflecting uneven short-term sequencing but healthy year-over-year expansion.
Earnings and Cash Flow: Reported EPS of $0.08 fell short of the $0.11 estimate, producing an EPS surprise of -27.27%. Operating cash flow registered $37,518,000 and free cash flow $36,638,000, yielding a free-cash-flow yield of 1.02%, which sits above the industry peer mean free-cash-flow yield of 0.357%.
Balance Sheet & Leverage: Cash and short-term investments total $120,825,000 and the current ratio stands at 2.48, signaling ample near-term liquidity. Total debt of $287,639,000 gives debt-to-assets of 52.53% and debt-to-equity of 1.53, both above the industry peer means; interest coverage of 6.97 indicates the company covers interest obligations but lags peers on that metric.
Valuation Context: Price multiples present a stretched picture: P/E 257.07, P/S 34.48, and P/B 19.15 all sit above the industry peer means (P/E peer mean ~82.00, P/S peer mean ~26.69, P/B peer mean ~6.99). Enterprise-value metrics (EV/Revenue ~36.08; enterprise multiple ~134.66) further reflect a premium. The current valuation as determined by WMDST classifies the stock as over-valued relative to standard multiples while cash-flow metrics show modest support.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-05 |
| CASH FLOW | Begin Period Cash Flow | $ 256.5 M |
| Operating Cash Flow | $ 37.5 M | |
| Capital Expenditures | $ -880.00 K | |
| Change In Working Capital | $ 284.0 K | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -135.04 M | |
| End Period Cash Flow | $ 121.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 104.2 M | |
| Forward Revenue | $ 33.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 27.4 M | |
| Depreciation | $ 3.1 M | |
| Depreciation and Amortization | $ 3.1 M | |
| Research and Development | $ 12.9 M | |
| Total Operating Expenses | $ 79.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 76.8 M | |
| EBITDA | $ 27.9 M | |
| EBIT | $ 24.9 M | |
| Operating Income | $ 24.3 M | |
| Interest Income | — | |
| Interest Expense | $ 3.6 M | |
| Net Interest Income | $ -3.56 M | |
| Income Before Tax | $ 21.3 M | |
| Tax Provision | $ 4.7 M | |
| Tax Rate | 21.858 % | |
| Net Income | $ 16.6 M | |
| Net Income From Continuing Operations | $ 16.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.11 | |
| EPS Actual | $ 0.08 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -27.273 % | |
| Forward EPS | $ 0.11 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 547.6 M | |
| Intangible Assets | $ 349.6 M | |
| Net Tangible Assets | $ -161.94 M | |
| Total Current Assets | $ 189.3 M | |
| Cash and Short-Term Investments | $ 120.8 M | |
| Cash | $ 120.8 M | |
| Net Receivables | $ 57.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 1.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 1.8 M | |
| Short-Term Debt | $ 15.0 M | |
| Total Current Liabilities | $ 76.4 M | |
| Net Debt | $ 162.6 M | |
| Total Debt | $ 287.6 M | |
| Total Liabilities | $ 359.9 M | |
| EQUITY | ||
| Total Equity | $ 187.7 M | |
| Retained Earnings | $ -148.16 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 0.97 | |
| Shares Outstanding | 193.323 M | |
| Revenue Per-Share | $ 0.54 | |
| VALUATION | Market Capitalization | $ 3.6 B |
| Enterprise Value | $ 3.8 B | |
| Enterprise Multiple | 134.657 | |
| Enterprise Multiple QoQ | 73.32 % | |
| Enterprise Multiple YoY | -146.275 % | |
| Enterprise Multiple IPRWA | high: 158.356 GRND: 134.657 mean: 62.284 median: 57.644 low: -131.816 |
|
| EV/R | 36.079 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.918 | |
| Asset To Liability | 1.521 | |
| Debt To Capital | 0.605 | |
| Debt To Assets | 0.525 | |
| Debt To Assets QoQ | 22.943 % | |
| Debt To Assets YoY | 1423.347 % | |
| Debt To Assets IPRWA | high: 0.694 GRND: 0.525 mean: 0.103 median: 0.071 low: 0.001 |
|
| Debt To Equity | 1.533 | |
| Debt To Equity QoQ | 68.847 % | |
| Debt To Equity YoY | -526.506 % | |
| Debt To Equity IPRWA | high: 2.013 GRND: 1.533 mean: 0.158 median: 0.098 low: -1.05 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 19.145 | |
| Price To Book QoQ | 104.812 % | |
| Price To Book YoY | -141.872 % | |
| Price To Book IPRWA | GRND: 19.145 high: 12.172 mean: 6.993 median: 6.389 low: -6.612 |
|
| Price To Earnings (P/E) | 257.071 | |
| Price To Earnings QoQ | 54.966 % | |
| Price To Earnings YoY | -408.056 % | |
| Price To Earnings IPRWA | GRND: 257.071 high: 252.232 mean: 82.001 median: 66.348 low: -73.954 |
|
| PE/G Ratio | -12.854 | |
| Price To Sales (P/S) | 34.479 | |
| Price To Sales QoQ | 8.339 % | |
| Price To Sales YoY | 48.739 % | |
| Price To Sales IPRWA | high: 35.986 GRND: 34.479 mean: 26.691 median: 24.046 low: 0.003 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 198.492 | |
| Forward PE/G | -9.925 | |
| Forward P/S | 107.903 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -2.729 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.17 | |
| Asset Turnover Ratio QoQ | 4.748 % | |
| Asset Turnover Ratio YoY | -9.974 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 median: 0.188 mean: 0.187 GRND: 0.17 low: 0.021 |
|
| Receivables Turnover | 1.889 | |
| Receivables Turnover Ratio QoQ | 3.417 % | |
| Receivables Turnover Ratio YoY | -12.784 % | |
| Receivables Turnover Ratio IPRWA | high: 7.018 mean: 2.161 GRND: 1.889 median: 1.819 low: 0.147 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 48.295 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.923 | |
| CapEx To Revenue | -0.008 | |
| CapEx To Depreciation | -0.287 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 456.2 M | |
| Net Invested Capital | $ 471.2 M | |
| Invested Capital | $ 471.2 M | |
| Net Tangible Assets | $ -161.94 M | |
| Net Working Capital | $ 112.9 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.581 | |
| Current Ratio | 2.478 | |
| Current Ratio QoQ | -41.273 % | |
| Current Ratio YoY | 118.193 % | |
| Current Ratio IPRWA | high: 8.003 GRND: 2.478 mean: 1.915 median: 1.904 low: 0.138 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 10.301 | |
| Cost Of Debt | 0.964 % | |
| Interest Coverage Ratio | 6.974 | |
| Interest Coverage Ratio QoQ | -23.755 % | |
| Interest Coverage Ratio YoY | -531.056 % | |
| Interest Coverage Ratio IPRWA | high: 183.313 mean: 112.881 median: 64.63 GRND: 6.974 low: -147.584 |
|
| Operating Cash Flow Ratio | 0.202 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 7.353 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -19.402 % | |
| Revenue Growth | 10.946 % | |
| Revenue Growth QoQ | -390.114 % | |
| Revenue Growth YoY | 17.813 % | |
| Revenue Growth IPRWA | high: 32.915 % GRND: 10.946 % mean: 8.27 % median: 5.951 % low: -24.903 % |
|
| Earnings Growth | -20.0 % | |
| Earnings Growth QoQ | -82.278 % | |
| Earnings Growth YoY | -112.5 % | |
| Earnings Growth IPRWA | high: 228.571 % mean: -9.545 % median: -18.182 % GRND: -20.0 % low: -233.333 % |
|
| MARGINS | ||
| Gross Margin | 73.702 % | |
| Gross Margin QoQ | -0.233 % | |
| Gross Margin YoY | -1.07 % | |
| Gross Margin IPRWA | high: 99.585 % GRND: 73.702 % mean: 65.284 % median: 57.404 % low: -5.811 % |
|
| EBIT Margin | 23.85 % | |
| EBIT Margin QoQ | -36.791 % | |
| EBIT Margin YoY | -282.019 % | |
| EBIT Margin IPRWA | high: 52.96 % mean: 35.528 % median: 30.974 % GRND: 23.85 % low: -66.239 % |
|
| Return On Sales (ROS) | 23.36 % | |
| Return On Sales QoQ | -38.09 % | |
| Return On Sales YoY | -278.28 % | |
| Return On Sales IPRWA | high: 47.414 % mean: 33.189 % median: 26.795 % GRND: 23.36 % low: -31.149 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 36.6 M | |
| Free Cash Flow Yield | 1.02 % | |
| Free Cash Flow Yield QoQ | 31.613 % | |
| Free Cash Flow Yield YoY | 37.466 % | |
| Free Cash Flow Yield IPRWA | high: 16.991 % GRND: 1.02 % mean: 0.357 % median: 0.23 % low: -11.555 % |
|
| Free Cash Growth | 58.161 % | |
| Free Cash Growth QoQ | -421.812 % | |
| Free Cash Growth YoY | -318.101 % | |
| Free Cash Growth IPRWA | high: 246.161 % GRND: 58.161 % mean: -53.633 % median: -85.386 % low: -696.812 % |
|
| Free Cash To Net Income | 2.202 | |
| Cash Flow Margin | 14.814 % | |
| Cash Flow To Earnings | 0.928 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.712 % | |
| Return On Assets QoQ | -41.852 % | |
| Return On Assets YoY | -152.783 % | |
| Return On Assets IPRWA | high: 6.379 % mean: 5.563 % median: 4.433 % GRND: 2.712 % low: -13.071 % |
|
| Return On Capital Employed (ROCE) | 5.275 % | |
| Return On Equity (ROE) | 0.089 | |
| Return On Equity QoQ | 4.936 % | |
| Return On Equity YoY | -83.496 % | |
| Return On Equity IPRWA | high: 0.22 GRND: 0.089 mean: 0.079 median: 0.058 low: -0.378 |
|
| DuPont ROE | 6.557 % | |
| Return On Invested Capital (ROIC) | 4.122 % | |
| Return On Invested Capital QoQ | -17.544 % | |
| Return On Invested Capital YoY | -99.35 % | |
| Return On Invested Capital IPRWA | high: 14.585 % mean: 7.025 % median: 5.337 % GRND: 4.122 % low: -23.653 % |
|