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Grindr (GRND) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Grindr (GRND) Q3 2026 earnings results →

Q3 2026 Revenue up 22% year over year to $141M · 5¢ of every $1 of revenue lost · operating margin 2.9%

Grindr made $141M in Q3 2026 (+22% Y/Y): App-based revenue $118M, Advertising revenue $23.8M. Operating margin 2.9%, net loss $6.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$141M
Year over year+22%
Operating margin2.9%
Net earnings−$6.6M
Operating cash flow$51.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $141.4M in Q3 2026, up 22% year over year and up 2% from the previous quarter. App-based revenue was the largest line at 83% of revenue. App-based revenue added $21.2M year over year (up 22%), 83% of the total change.

Operating profit was $4.1M, a 2.9% margin (down 36.2 points year over year). Operating profit fell $41.2M even though revenue rose $25.6M versus Q3 2025, so costs grew faster than sales. Total costs grew 95% against revenue growth of 22%. The fastest-growing cost line was SG&A (+175%). The quarter ended with a net loss of $6.6M, after a profit of $17.7M the previous quarter. Net interest and other expense of $11.6M was the main reason.

Operating cash flow was $51.2M (down 8% year over year). Non-cash charges added back $1.8M of depreciation and amortization and $19.3M of share-based compensation. Working capital and other items added $36.7M. Capital expenditures of $832K left free cash flow of $50.4M.

Quarterly history

Grindr revenue by quarterGrindr revenue by quarter$93.9MQ1 2025$104MQ2 2025$116MQ3 2025$126MQ4 2025$130MQ1 2026$138MQ2 2026$141MQ3 2026
Grindr net earnings by quarterGrindr net earnings by quarter$27.0MQ1 2025$16.6MQ2 2025$30.8MQ3 2025$20.3MQ4 2025$26.8MQ1 2026$17.7MQ2 2026−$6.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$141M+22%2.9%−$6.6M$51.2M
Q2 202610-QAug 7, 2026$138M+32%23.5%$17.7M$40.8M
Q1 202610-QMay 8, 2026$130M+38%32.9%$26.8M$33.5M
Q4 202510-KMar 2, 2026$126M+29%24.9%$20.3M$24.8M
Q3 202510-QNov 6, 2025$116M+30%39.1%$30.8M$55.4M
Q2 202510-QAug 8, 2025$104M+27%23.4%$16.6M$37.5M
Q1 202510-QMay 9, 2025$93.9M+25%27.0%$27.0M$23.8M

Charts

Grindr: revenue growth, year over year and quarter over quarterGrindr: revenue growth, year over year and quarter over quarterY/YQ/Q+25%Q1 2025+27%+11%Q2 2025+30%+11%Q3 2025+29%+9%Q4 2025+38%+3%Q1 2026+32%+6%Q2 2026+22%+2%Q3 2026
Latest (Q3 2026): Y/Y +22%, Q/Q +2%.
Grindr: where the cash came from (+) and went (−), TTM to Q3 2026Grindr: where the cash came from (+) and went (−), TTM to Q3 2026Net borrowing (+) / repaid (−)−$312MOther financing$234MOperating cash flow$150MCash drawn (+) / kept (−)−$42.5MTaxes on employees’ shares−$19.2MOther investing−$10.7MShares issued$1.2MCapital spending−$1.1M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Grindr: profit against cash, quarter by quarterGrindr: profit against cash, quarter by quarterNet incomeOperating cash flow−$124M$29.5MQ4 2024$27.0M$23.8MQ1 2025$16.6M$37.5MQ2 2025$30.8M$55.4MQ3 2025$20.3M$24.8MQ4 2025$26.8M$33.5MQ1 2026$17.7M$40.8MQ2 2026−$6.6M$51.2MQ3 2026
Latest (Q3 2026): Net income −$6.6M, Operating cash flow $51.2M.
Grindr: diluted shares by fiscal yearGrindr: diluted shares by fiscal year153MFY2021159MFY2022174MFY2023176MFY2024195MFY2025
+27.7% since FY2021: more shares outstanding (issuance, stock pay).
Grindr: long-term debt falling due (FY2025)Grindr: long-term debt falling due (FY2025)$20.0M2026$20.0M2027$20.0M2028$20.0M2029$20.0M2030$300MLater
Cash $87.0M, short-term investments —, long-term debt $396M at 2025-12-31.
Grindr in its industry: growth against margin (51 companies, SIC 7370)Grindr in its industry: growth against margin (51 companies, SIC 7370)revenue growth, year over year →↑ operating marginmedian +9%median -1%GOOGLMETASPCXFLUTAPPSNAPZMPINSNIQMTCHSABRTTDRXTFDSTBLATRIPPPLITEMDOCNCSQRTEADEVERBMBLDVMGNIZIPDSPHSTMNXDRPUBMHCATRUMBLNDCDLXSSTCEVAYYAIPODCIPMGOAIDJTCSAIIPDNCNETTWAVTRSOMITIRMXIGITSBBLRGRND (+22%, 3%)
Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Grindr

Our mission is to build the Global Gayborhood in Your Pocket ™ , and, through our success, to make a world where the lives of our global LGBTQ community are free, equal, and just. We manage and operate the Grindr platform, a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults around the world. We had 15.0 million, 14.2 million, and 13.3 million Average MAUs for the years ended December 31, 2025, 2024, and 2023, respectively. Additionally, we had 1.3 million, 1.1 million, and 0.9 million Average Paying Users for the years ended December 31, 2025, 2024, and 2023, respectively. We enable our users to find and engage with one another, share content and interests, discover products and experiences relevant for them, and generally express their unique selves.

In its own words, from its 10-K, filed Mar 2, 2026.

Grindr against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +22%. Operating margin: 2.9% against the peers' median 19.1%.

CompanyQuarterRevenueY/YOp. margin
GRND GrindrQ3 2026$141M+22%2.9%
GOOGL AlphabetQ3 2026$127.6B+25%31.8%
META Meta PlatformsQ3 2026$64.6B+26%20.1%
SPCX Space Exploration TechnologiesQ3 2026$14.6B+161%19.1%
FLUT Flutter EntertainmentQ3 2026$3.9B+2%-30.7%
APP AppLovinQ3 2026$2.2B+56%78.2%
SNAP SnapQ3 2026$1.7B+14%4.5%
ZM Zoom CommunicationsQ2 FY27$1.3B+5%24.6%
PINS PinterestQ3 2026$1.2B+12%2.6%

Source: Grindr 10-Q on SEC EDGAR · CIK 1820144 · Services-Computer Programming, Data Processing, Etc.

Guidance and outlook

Grindr: what its forward-looking statements are about (10-Q filed 2026-11-06)Grindr: what its forward-looking statements are about (10-Q filed 2026-11-06)Demand5Other5The economy2Capital spending1AI1Margins1Buybacks & dividends1
16 statements; tone +0.38 (−1 all cautious, +1 all confident); 2 hedged.
Grindr: outlook statements against the filing beforeGrindr: outlook statements against the filing beforeConfident7Cautious1

13F: who owns GRND and who is buying

Largest holders of GRND (13F)Largest holders of GRND (13F)Citadel Advisors LLC$64.0MBlackRock$49.2MMorgan Stanley$28.4MVanguard Group$28.2MPerry Creek Capital LP$26.6MBwcp, LP$23.6MDimensional Fund Advisors LP$21.3MQuinn Opportunity Partners LLC$21.3MTikvah Management LLC$21.0MVanguard Capital Management LLC$19.6M
Funds' net buying of GRND by quarter (13F)Funds' net buying of GRND by quarter (13F)−$6.7M2024-09$16.5M2024-12$62.5M2025-03$210M2025-06−$134M2025-09−$15.5M2025-12$35.1M2026-03$42.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GRND

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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