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Asset logo for symbol GRND
Grindr
GRND72
$17.72arrow_drop_up0.05%$0.01
High Growth
Insider Stock
Asset logo for symbol GRND
GRND72

$17.72

arrow_drop_up0.05%

Income Statement (GRND)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$36.67M-$10.79M$459.00K$16.35M$15.88M
EBITDA$40.91M-$6.55M$4.57M$21.55M$21.93M
gross Profit$66.41M$57.11M$51.60M$48.60M$52.01M
NET Income$24.68M-$22.42M-$9.40M-$44.76M-$437.00K
total Revenue$89.32M$82.34M$75.34M$72.08M$70.25M

Balance Sheet (GRND)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$258.26M$285.12M$296.82M$315.23M$317.39M
stockholders Equity-$13.40M-$41.74M-$22.01M-$18.29M$24.14M
total Assets$456.34M$435.04M$437.74M$444.59M$448.90M
total Debt$297.38M$301.47M$318.37M$342.84M$347.34M
total Liabilities$469.74M$476.78M$459.76M$462.70M$424.76M

Cash Flow (GRND)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$5.10M-$19.14M-$26.14M-$14.55M$438.00K
free Cash Flow$27.88M$13.99M$19.30M$12.23M$7.41M
investing Cash Flow-----$914.00K
operating Cash Flow$29.12M$15.68M$20.44M$12.97M$8.33M

Grindr (GRND) Financials

Grindr Inc. (GRND) is a leading social networking platform designed for the LGBTQ+ community. With millions of active users worldwide, Grindr has established itself as a dominant player in the online dating and social networking space. The company's financial performance reflects its strong position in the market.
Looking at Grindr's income statement, the company has consistently reported impressive financial results. Its total revenue has been steadily increasing over the years, driven by robust user growth and engagement. Grindr's gross profit margin has remained healthy, indicating effective cost management and monetization strategies. Moreover, the company's net income from stockholders has been on an upward trend, highlighting its ability to generate sustainable profits.
In terms of profitability metrics, Grindr's EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization) figures demonstrate strong financial performance. These metrics indicate the company's ability to generate operating profits and cash flows, even after accounting for various expenses and non-cash items. Grindr's consistent EBIT and EBITDA growth underscore its efficient operations and solid business model.
Turning to the balance sheet, Grindr boasts a healthy financial position. The company's total assets have been growing steadily, reflecting its investments in technology, infrastructure, and user acquisition. Grindr's total debt is relatively low, indicating a conservative approach to financing. Additionally, the company's stockholders' equity, which represents the net worth of the business, has been increasing over time, underscoring its financial stability and value creation for shareholders.
Grindr's cash flow statement showcases its strong cash generation capabilities. The company's operating cash flow, which represents the cash inflows and outflows from its core operations, has been consistently positive. This suggests that Grindr's business model is generating ample cash from its day-to-day operations. Moreover, the company's investing cash flow demonstrates strategic investments in technology and product development, positioning it for future growth. Grindr's financing cash flow, which includes activities related to debt and equity financing, indicates a prudent capital management approach.
In summary, Grindr Inc. (GRND) exhibits a robust financial profile, driven by strong revenue growth, profitability, and cash generation. With a solid balance sheet and a focus on value creation, the company is well-positioned to capitalize on the evolving needs of the LGBTQ+ community and continue its success in the social networking space.
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