Grindr Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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 Statements of Operations
Grindr Inc. and Subsidiaries
Condensed Consolidated Statements of Operations (unaudited)
(in thousands, except per share and share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | $129,941 | $93,938 |
| Operating costs and expenses | ||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 32,595 | 24,542 |
| Selling, general and administrative expense | 37,703 | 30,240 |
| Product development expense | 15,933 | 10,287 |
| Depreciation and amortization | 983 | 3,477 |
| Total operating expenses | 87,214 | 68,546 |
| Income from operations | 42,727 | 25,392 |
| Other (expense) income | ||
| Interest expense, net | (6,605) | (3,875) |
| Other (expense) income, net | (202) | 148 |
| Gain in fair value of warrant liability | — | 9,905 |
| Total other (expense) income, net | (6,807) | 6,178 |
| Net income before income tax | 35,920 | 31,570 |
| Income tax provision | 9,170 | 4,551 |
| Net income | $26,750 | $27,019 |
| Net income per share | ||
| Basic | $0.15 | $0.14 |
| Diluted | $0.14 | $0.09 |
| Weighted-average shares outstanding: | ||
| Basic | 183,323,375 | 189,767,679 |
| Diluted | 185,090,919 | 201,048,090 |
Condensed Consolidated Statements of Stockholders’ Equity (unaudited)
| Common Stock(Par value $0.0001) · Treasury Stock · Additional paid-in capital · Accumulated deficit · Total stockholders’ equity | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||
| Balance at December 31, 2025 | 185,034,502 | $18 | — | $— | $144,049 | $(97,061) | $47,006 |
| Net income | — | — | — | — | — | 26,750 | 26,750 |
| Stock-based compensation | — | — | — | — | 13,793 | — | 13,793 |
| Vested restricted stock units, net of withholding tax | 453,978 | — | — | — | 3,898 | — | 3,898 |
| Exercise of stock options | 9,908 | — | — | — | 65 | — | 65 |
| Prepaid written put options | (1,594,650) | — | — | — | 10,930 | — | 10,930 |
| Accelerated share repurchase | (3,439,381) | — | — | — | (50,000) | — | (50,000) |
| Forward repurchase transactions | (3,265,846) | — | — | — | (50,635) | — | (50,635) |
| Excise tax on share repurchases | — | — | — | — | (968) | — | (968) |
| Balance at March 31, 2026 | 177,198,511 | $18 | — | $— | $71,132 | $(70,311) | $839 |
| Common Stock(Par value $0.0001) · Treasury Stock · Additional paid-in capital · Accumulated deficit · Total stockholders’ (deficit) equity | |||||||
|---|---|---|---|---|---|---|---|
| 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 | — | — | — | — | — | 27,019 | 27,019 |
| Stock-based compensation | — | — | — | — | 6,282 | — | 6,282 |
| Vested restricted stock units, net of withholding tax | 770,713 | — | 325,047 | (5,515) | 7,783 | — | 2,268 |
| 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 under the stock repurchase program | (8,268,937) | (1) | — | — | (141,138) | — | (141,139) |
| 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.