Grindr Inc. (GRND) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,725171,145
Cash and cash equivalents8,725171,145
Receivables22,435  
Prepaid expense  124262
Deferred costs3,652  
Other current assets750  
Other undisclosed current assets7,622  
Total current assets:43,1841411,407
Noncurrent Assets
Operating lease, right-of-use asset4,535  
Property, plant and equipment2,021  
Intangible assets, net (including goodwill)380,247  
Goodwill275,703  
Intangible assets, net (excluding goodwill)104,544  
Regulated entity, other noncurrent assets6,852  
Asset, held-in-trust  284,380278,775
Restricted cash and investments1,392  
Other noncurrent assets64  
Other undisclosed noncurrent assets533  
Total noncurrent assets:395,644284,380278,775
TOTAL ASSETS:438,828284,521280,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,70355964
Accounts payable5,435 27
Accrued liabilities11,26855937
Deferred revenue18,586  
Debt22,152  
Other undisclosed current liabilities4,413  
Total current liabilities:61,85455964
Noncurrent Liabilities
Long-term debt and lease obligation338,476  
Long-term debt, excluding current maturities338,476  
Liabilities, other than long-term debt16,513  
Deferred income tax liabilities12,528  
Other liabilities327  
Operating lease, liability3,658  
Other undisclosed noncurrent liabilities17,93335,88855,650
Total noncurrent liabilities:372,92235,88855,650
Total liabilities:434,77636,44755,714
Temporary equity, carrying amount  284,280278,760
Equity
Equity, attributable to parent, including:4,052(36,206)(54,292)
Common stock17  
Treasury stock, value   
Additional paid in capital9,078  
Accumulated deficit(5,043)(36,207)(54,293)
Other undisclosed equity, attributable to parent  11
Total equity:4,052(36,206)(54,292)
TOTAL LIABILITIES AND EQUITY:438,828284,521280,182

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues195,015  
Cost of revenue(88,785)  
Cost of goods and services sold(51,280)  
Gross profit:106,230  
Operating expenses(93,195)(1,761) 
Operating income (loss):13,035(1,761) 
Nonoperating income (expense)(13,042)24,956 
Other nonoperating income (expense)(2,799)  
Interest and debt expense   
Income (loss) from continuing operations before equity method investments, income taxes:(7)23,195 
Other undisclosed income from continuing operations before income taxes   
Income (loss) from continuing operations before income taxes:(7)23,195 
Income tax expense (benefit)859  
Income (loss) from continuing operations:85223,195 
Income before gain (loss) on sale of properties:23,195
Net income (loss) available to common stockholders, diluted:85223,195 

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):85223,195 
Comprehensive income (loss), net of tax, attributable to parent:85223,195 

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.

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