Grindr Inc. (GRND) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
750 N. SAN VICENTE BLVD., SUITE RE 1400 WEST HOLLYWOOD, CA 90069 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 27,606 | 8,725 | 17 | 1,145 | |||
| Cash and cash equivalent | 27,606 | 8,725 | 17 | 1,145 | |||
| Receivables | 33,906 | 22,435 | |||||
| Prepaid expense | 124 | 262 | |||||
| Deferred costs | 3,635 | 3,652 | |||||
| Other current assets | 2,413 | 750 | |||||
| Other undisclosed current assets | 4,190 | 7,622 | |||||
| Total current assets: | 71,750 | 43,184 | 141 | 1,407 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 3,362 | 4,535 | |||||
| Property, plant and equipment | 1,576 | 2,021 | |||||
| Intangible assets, net (including goodwill) | 358,035 | 380,247 | |||||
| Goodwill | 275,703 | 275,703 | |||||
| Intangible assets, net (excluding goodwill) | 82,332 | 104,544 | |||||
| Regulated entity, other noncurrent assets | 3,800 | 6,852 | |||||
| Asset, held-in-trust | 284,380 | 278,775 | |||||
| Restricted cash and investments | 1,392 | 1,392 | |||||
| Deferred income tax assets | |||||||
| Other noncurrent assets | 1,047 | 64 | |||||
| Other undisclosed noncurrent assets | 3,633 | 533 | |||||
| Total noncurrent assets: | 372,845 | 395,644 | 284,380 | 278,775 | |||
| TOTAL ASSETS: | 444,595 | 438,828 | 284,521 | 280,182 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 16,330 | 16,703 | 559 | 64 | |||
| Accounts payable | 3,526 | 5,435 | 27 | ||||
| Accrued liabilities | 12,804 | 11,268 | 559 | 37 | |||
| Deferred revenue | 19,181 | 18,586 | |||||
| Debt | 15,000 | 22,152 | |||||
| Other undisclosed current liabilities | 10,130 | 4,413 | |||||
| Total current liabilities: | 60,641 | 61,854 | 559 | 64 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 325,600 | 338,476 | |||||
| Long-term debt, excluding current maturities | 325,600 | 338,476 | |||||
| Liabilities, other than long-term debt | 9,024 | 16,513 | |||||
| Deferred income tax liabilities | 4,665 | 12,528 | |||||
| Other liabilities | 2,118 | 327 | |||||
| Operating lease, liability | 2,241 | 3,658 | |||||
| Other undisclosed noncurrent liabilities | 67,622 | 17,933 | 35,888 | 55,650 | |||
| Total noncurrent liabilities: | 402,246 | 372,922 | 35,888 | 55,650 | |||
| Total liabilities: | 462,887 | 434,776 | 36,447 | 55,714 | |||
| Temporary equity, including noncontrolling interest | 284,280 | 278,760 | |||||
| Equity | |||||||
| Equity, attributable to parent, including: | (18,292) | 4,052 | (36,206) | (54,292) | |||
| Common stock | 18 | 17 | |||||
| Treasury stock, value | (2,154) | ||||||
| Additional paid in capital | 44,655 | 9,078 | |||||
| Accumulated deficit | (60,811) | (5,043) | (36,207) | (54,293) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | |||||
| Total equity: | (18,292) | 4,052 | (36,206) | (54,292) | |||
| TOTAL LIABILITIES AND EQUITY: | 444,595 | 438,828 | 284,521 | 280,182 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 259,691 | 195,015 | ||||
| Cost of revenue | (94,499) | (88,785) | ||||
| Cost of product and service sold | (67,458) | (51,280) | ||||
| Gross profit: | 165,192 | 106,230 | ||||
| Operating expenses | (109,744) | (93,195) | (1,761) | |||
| Operating income (loss): | 55,448 | 13,035 | (1,761) | |||
| Nonoperating income (expense) | (107,193) | (13,042) | 24,956 | |||
| Other nonoperating income (expense) | 85 | (2,799) | ||||
| Interest and debt expense | (11,582) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (63,327) | (7) | 23,195 | |||
| Other undisclosed income from continuing operations before income taxes | 11,582 | |||||
| Income (loss) from continuing operations before income taxes: | (51,745) | (7) | 23,195 | |||
| Income tax expense (benefit) | (4,023) | 859 | ||||
| Income (loss) from continuing operations: | (55,768) | 852 | 23,195 | |||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 23,195 | ✕ | |
| Net income (loss) available to common stockholders, diluted: | (55,768) | 852 | 23,195 | |||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (55,768) | 852 | 23,195 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (55,768) | 852 | 23,195 | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.