Filing Flows › Grindr (GRND) › Q3 2025
Grindr (GRND) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Grindr (GRND) reported revenue of $116M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +11% from the quarter before. Operating margin was 39.1%, net earnings $30.8M (26.6% of revenue).
Grindr, Q3 2025: revenue $116M (+30% year over year), operating margin 39.1%, net earnings $30.8M, operating cash flow $55.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +11% | +30% |
| Operating profit | $45.2M | +86% | +59% |
| Net earnings | $30.8M | +85% | +25% |
| Operating cash flow | $55.4M | +48% | +90% |
| Free cash flow | $51.2M | — | +84% |
What changed
Revenue was $115.8M in Q3 2025, up 30% year over year and up 11% from the previous quarter. Direct revenue was the largest line at 83% of revenue. Direct revenue added $19.4M year over year (up 25%), 74% of the total change.
Operating profit was $45.2M, a 39.1% margin (up 7.3 points year over year). Of the extra revenue versus a year earlier, 64% reached operating profit, above the 32% margin then. Total costs grew 16% against revenue growth of 30%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $30.8M, up 25% year over year. The effective tax rate was 22.8%.
Operating cash flow was $55.4M (up 90% year over year), 180% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $6.0M of share-based compensation. Working capital and other items added $17.3M. After capitalized development software costs and purchases of property and equipment ($4.2M), free cash flow as the company reports it was $51.2M.
Questions
What was Grindr's revenue in the third quarter 2025?
Grindr (GRND) reported revenue of $116M for the third quarter 2025 (Q3 2025), +30% from a year earlier and +11% from the quarter before.
Was Grindr profitable in the third quarter 2025?
Operating profit was $45.2M (39.1% of revenue) and net earnings $30.8M.
Source: Grindr 10-Q on SEC EDGAR.