Grindr Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
GRND$13.47+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (unaudited)
(in thousands, except share data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $255,868 | $59,152 |
| Accounts receivable, net of allowance of $93 and $39, at March 31, 2025, and December 31, 2024, respectively | 53,235 | 49,599 |
| Prepaid expenses | 6,166 | 2,747 |
| Deferred charges | 3,987 | 3,807 |
| Other current assets | 458 | 1,679 |
| Total current assets | 319,714 | 116,984 |
| Restricted cash | 605 | 605 |
| Property and equipment, net | 1,559 | 1,667 |
| Capitalized software development costs, net | 8,686 | 8,750 |
| Intangible assets, net | 67,608 | 69,872 |
| Goodwill | 275,703 | 275,703 |
| Deferred tax assets | 1,242 | 1,242 |
| Right-of-use assets | 3,039 | 3,053 |
| Other assets | 1,289 | 1,214 |
| Total assets | $679,445 | $479,090 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable | $2,186 | $3,261 |
| Accrued expenses and other current liabilities | 37,750 | 29,578 |
| Current maturities of long-term debt, net | 15,000 | 15,000 |
| Deferred revenue | 20,848 | 19,970 |
| Total current liabilities | 75,784 | 67,809 |
| Long-term debt, net | 272,021 | 275,580 |
| Warrant liability | — | 252,178 |
| Lease liability | 744 | 963 |
| Other non-current liabilities | 11,080 | 14,130 |
| Total liabilities | $359,629 | $610,660 |
| Commitments and Contingencies (Note 14) | ||
| Stockholders’ Equity (Deficit) | ||
| Preferred stock, par value $0.0001; 100,000,000 shares authorized; none issued and outstanding at March 31, 2025, and December 31, 2024, respectively | $— | $— |
| Common stock, par value $0.0001; 1,000,000,000 shares authorized; 201,936,383 and 178,567,403 shares issued at March 31, 2025, and December 31, 2024, respectively; 200,237,600 and 177,193,667 outstanding at March 31, 2025, and December 31, 2024, respectively | 20 | 18 |
| Treasury stock | (19,810) | (14,295) |
| Additional paid-in capital | 504,399 | 74,519 |
| Accumulated deficit | (164,793) | (191,812) |
| Total stockholders’ equity (deficit) | $319,816 | $(131,570) |
| Total liabilities and stockholders’ equity (deficit) | $679,445 | $479,090 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.