Filing Flows › Grindr (GRND) › Q2 2025
Grindr (GRND) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Grindr (GRND) reported revenue of $104M for the second quarter 2025 (Q2 2025), +27% from a year earlier and +11% from the quarter before. Operating margin was 23.4%, net earnings $16.6M (16.0% of revenue).
Grindr, Q2 2025: revenue $104M (+27% year over year), operating margin 23.4%, net earnings $16.6M, operating cash flow $37.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +11% | +27% |
| Operating profit | $24.3M | -4% | -0.9% |
| Net earnings | $16.6M | -38% | — |
| Operating cash flow | $37.5M | +58% | +137% |
| Free cash flow | $36.6M | — | +159% |
What changed
Revenue was $104.2M in Q2 2025, up 27% year over year and up 11% from the previous quarter. Direct revenue was the largest line at 83% of revenue. Direct revenue added $17.0M year over year (up 24%), 78% of the total change.
Operating profit was $24.3M, a 23.4% margin (down 6.5 points year over year). Operating profit fell $209K even though revenue rose $21.9M versus a year earlier, so costs grew faster than sales. Total costs grew 38% against revenue growth of 27%. The fastest-growing cost line was Research & development (+67%). Net earnings were $16.6M. The effective tax rate was 21.9%.
Operating cash flow was $37.5M (up 137% year over year), 225% of net earnings. Non-cash charges added back $3.1M of depreciation and amortization and $16.5M of share-based compensation. After capitalized development software costs and purchases of property and equipment ($880K), free cash flow as the company reports it was $36.6M.
Questions
What was Grindr's revenue in the second quarter 2025?
Grindr (GRND) reported revenue of $104M for the second quarter 2025 (Q2 2025), +27% from a year earlier and +11% from the quarter before.
Was Grindr profitable in the second quarter 2025?
Operating profit was $24.3M (23.4% of revenue) and net earnings $16.6M.
Source: Grindr 10-Q on SEC EDGAR.