Grindr Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
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Condensed Consolidated Statement of Operations and Comprehensive Income (Loss
Grindr Inc. and Subsidiaries
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited)
(in thousands, except per share and share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $93,938 | $75,345 |
| Operating costs and expenses | ||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 24,542 | 19,620 |
| Selling, general and administrative expense | 30,240 | 26,609 |
| Product development expense | 10,287 | 5,741 |
| Depreciation and amortization | 3,477 | 4,119 |
| Total operating expenses | 68,546 | 56,089 |
| Income from operations | 25,392 | 19,256 |
| Other income (expense) | ||
| Interest expense, net | (3,875) | (7,185) |
| Other income (expense), net | 148 | (117) |
| Gain (loss) in fair value of warrant liability | 9,905 | (18,680) |
| Total other income (loss), net | 6,178 | (25,982) |
| Net income (loss) before income tax | 31,570 | (6,726) |
| Income tax provision | 4,551 | 2,680 |
| Net income (loss) and comprehensive income (loss) | $27,019 | $(9,406) |
| Net income (loss) per share | ||
| Basic | $0.14 | $(0.05) |
| Diluted | $0.09 | $(0.05) |
| Weighted-average shares outstanding: | ||
| Basic | 189,767,679 | 175,516,307 |
| Diluted | 201,048,090 | 175,516,307 |
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) (unaudited)
| Preferred Stock(Par value $0.0001) · Common Stock(Par value $0.0001) · Treasury Stock · Additional paid-in capital · Accumulated deficit · Total stockholders’ deficit | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2023 | — | $— | 175,377,711 | $18 | 357,240 | $(2,154) | $44,655 | $(60,811) | $(18,292) |
| Net loss and comprehensive loss | — | — | — | — | — | — | — | (9,406) | (9,406) |
| Stock-based compensation | — | — | — | — | — | — | 6,259 | — | 6,259 |
| Vested restricted stock units | — | — | 363,793 | — | — | — | — | — | — |
| Exercise of stock options | — | — | 164,295 | — | — | — | 916 | — | 916 |
| Common stock withheld related to net settlement of equity awards | — | — | — | — | 157,276 | (1,494) | — | — | (1,494) |
| Balance at March 31, 2024 | — | $— | 175,905,799 | $18 | 514,516 | $(3,648) | $51,830 | $(70,217) | $(22,017) |
| Preferred Stock(Par value $0.0001) · Common Stock(Par value $0.0001) · Treasury Stock · Additional paid-in capital · Accumulated deficit · Total stockholders’ (deficit) equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2024 | — | $— | 178,567,403 | $18 | 1,373,736 | $(14,295) | $74,519 | $(191,812) | $(131,570) |
| Net income and comprehensive income | — | — | — | — | — | — | — | 27,019 | 27,019 |
| Stock-based compensation | — | — | — | — | — | — | 6,282 | — | 6,282 |
| Vested restricted stock units | — | — | 770,713 | — | — | — | 7,783 | — | 7,783 |
| Exercise of stock options | — | — | 133,581 | — | — | — | 616 | — | 616 |
| Exercise of warrants | — | — | 30,733,623 | 3 | — | — | 556,337 | — | 556,340 |
| Repurchase and retirement of common stock | — | — | (8,268,937) | (1) | — | — | (141,138) | — | (141,139) |
| Common stock withheld related to net settlement of equity awards | — | — | — | — | 325,047 | (5,515) | — | — | (5,515) |
| Balance at March 31, 2025 | — | $— | 201,936,383 | $20 | 1,698,783 | $(19,810) | $504,399 | $(164,793) | $319,816 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.