Grindr Inc
For the period ended Dec 31, 2024. Filed Mar 7, 2025.
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FY2024 · Filed Mar 7, 2025
GRND$13.47+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net loss and comprehensive loss | $(131,001) | $(55,768) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Stock-based compensation | 37,272 | 15,824 |
| Loss in fair value of warrant liability | 184,557 | 49,689 |
| Loss on extinguishment of debt related to 2020 Credit Agreement | — | 11,582 |
| Amortization of debt discount and issuance costs | 909 | 1,819 |
| Interest income on promissory note from member | — | (282) |
| Depreciation and amortization | 16,910 | 27,041 |
| Provision for expected credit losses | (718) | 421 |
| Deferred income taxes | (5,907) | (7,982) |
| Non-cash lease expense | 1,780 | 1,144 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (14,975) | (11,892) |
| Prepaid expenses and deferred charges | 1,271 | 3,449 |
| Other current assets | 734 | (1,663) |
| Other assets | (296) | (350) |
| Accounts payable | (461) | (713) |
| Accrued expenses and other current liabilities | 6,831 | 4,661 |
| Deferred revenue | 789 | 595 |
| Lease liability | (2,749) | (1,417) |
| Other liabilities | 11 | (11) |
| Net cash provided by operating activities | 94,957 | 36,147 |
| Investing activities | ||
| Purchases of property and equipment | (945) | (509) |
| Additions to capitalized software development costs | (4,400) | (3,721) |
| Net cash used in investing activities | $(5,345) | $(4,230) |
(in thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Financing activities | ||
| Proceeds from the exercise of stock options | 4,022 | 2,719 |
| Proceeds from the exercise of warrants | 1 | — |
| Proceeds from issuance of debt | — | 344,400 |
| Principal payments on debt | (50,800) | (367,480) |
| Payment of debt issuance costs | — | (4,510) |
| Withholding taxes paid on stock-based compensation | (12,076) | — |
| Transaction costs paid in connection with the Business Combination | — | (1,196) |
| Proceeds from the repayment of promissory note to a member including interest | — | 19,353 |
| Payment of early termination fee related to the extinguishment of debt | — | (6,322) |
| Net cash used in financing activities | (58,853) | (13,036) |
| Net increase in cash, cash equivalents and restricted cash | 30,759 | 18,881 |
| Cash, cash equivalents and restricted cash, beginning of the period | 28,998 | 10,117 |
| Cash, cash equivalents and restricted cash, end of the period | $59,757 | $28,998 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $59,152 | $27,606 |
| Restricted cash | 605 | 1,392 |
| Cash, cash equivalents and restricted cash | $59,757 | $28,998 |
| Supplemental disclosure of cash flow information: | ||
| Cash interest paid | $25,992 | $47,859 |
| Income taxes paid | $17,433 | $17,709 |
| Supplemental disclosure of non-cash investing activities: | ||
| Capitalized software development costs accrued but not paid | $232 | $— |
| Supplemental disclosure of non-cash financing activities: | ||
| Repurchase of common stock for net settlement of equity awards | $64 | $2,154 |
| Issuance of common stock for the settlement of certain market condition liability-classified equity awards | $4,203 | $— |
| Issuance of common stock for the settlement of KPI Awards | $2,350 | $— |
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