Grindr Inc.

GRND · Services-Computer Programming, Data Processing, Etc. · 177.7M shares · +4%/yr ↑ shares · EDGAR filings ↗

Reference price $13.29 · est. market cap ~$2.4B — last insider sale, 2026-06-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A80

Mobile social/dating platform (Grindr) — highly profitable with strong free cash flow and growth.

Strengths

Highly profitable — operating margin 29% (80th), net margin 22% (70th), ROA 18% (88th)
Strong free cash flow, growth — FCF $141M (48th), FCF margin 32%, revenue +28% (79th)

Risks

Net-income volatility (interest/charges) — net income growth -172%
User-base/reputation risk — per 10-K
Competition — per 10-K

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Customer concentration~87% of revenue from one customer/distributor — 4%, and 86
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Notable holderHeld by 5 notable fund(s): CITADEL ADVISORS LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Insider sellingInsider selling — 24 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$44M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $104M2025-09-30 · $116M2025-12-31 · $126M2026-03-31 · $130M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

28.7%

Net margin

21.5%

Return on assets

17.8%

Revenue growth (QoQ)

3.1%

Net debt / EBITDA

2.1×

Current ratio

2.0×

Free cash flow

$141M

EBITDA

$135M

Cash & investments

$87M

Stock comp / revenue

12.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-19	Arison George	Grant	2.2M	—
2026-06-17	Katz Zachary	Sell	10K	$13.29
2026-06-16	Arison George	Gift	175K	—
2026-06-02	Hanna Fadi	Grant	1.7K	—
2026-06-02	Hanna Fadi	Grant	14K	—
2026-06-02	Baer Daniel Brooks	Grant	14K	—
2026-06-02	Baer Daniel Brooks	Grant	5.2K	—
2026-06-02	Zage George Raymond III	Grant	14K	—
2026-06-02	Zage George Raymond III	Grant	867	—
2026-06-02	Cohen Chad M	Grant	4.0K	—
2026-06-02	Gersh Lisa	Grant	14K	—
2026-06-02	Gersh Lisa	Grant	1.7K	—
2026-06-02	GEARON J MICHAEL JR	Grant	14K	—
2026-06-02	GEARON J MICHAEL JR	Grant	2.6K	—
2026-06-02	Cohen Chad M	Grant	14K	—
2026-06-02	Solomon Robert	Grant	14K	—
2026-06-02	Solomon Robert	Grant	1.7K	—
2026-06-01	Richardson Nathan	Sell	1.5K	$12.59
2026-05-08	Balance Austin J	Option exercise	13K	$4.20
2026-05-08	Balance Austin J	Sell	13K	$15.00
2026-05-08	Balance Austin J	Sell	18K	$15.00
2026-05-01	Richardson Nathan	Sell	1.5K	$13.51
2026-04-15	Arison George	Tax withheld	191K	$12.64
2026-04-06	North John F	Tax withheld	4.4K	$12.17
2026-04-06	Katz Zachary	Tax withheld	10K	$12.17
2026-04-06	Balance Austin J	Tax withheld	13K	$12.17
2026-04-06	Arison George	Tax withheld	110K	$12.17
2026-04-01	Richardson Nathan	Sell	1.5K	$12.17
2026-03-12	Katz Zachary	Grant	28K	—
2026-03-12	Balance Austin J	Grant	37K	—
2026-03-12	Arison George	Grant	240K	—
2026-03-12	North John F	Grant	18K	—
2026-03-04	Arison George	Gift	200K	—
2026-03-02	Richardson Nathan	Sell	1.5K	$11.27
2026-02-06	Lu James Fu Bin	Sell	475K	$10.01
2026-02-05	Lu James Fu Bin	Sell	600K	$10.07
2026-02-04	Lu James Fu Bin	Sell	375K	$10.13
2026-02-03	Lu James Fu Bin	Sell	234K	$10.73
2026-02-02	Lu James Fu Bin	Sell	178K	$11.14
2026-02-02	Richardson Nathan	Sell	1.5K	$11.18
2026-01-30	Lu James Fu Bin	Sell	200K	$11.27
2026-01-27	Lu James Fu Bin	Sell	200K	$11.74
2026-01-26	Lu James Fu Bin	Sell	239K	$11.97
2026-01-23	Lu James Fu Bin	Sell	200K	$11.90
2026-01-22	Lu James Fu Bin	Sell	200K	$11.98
2026-01-21	Lu James Fu Bin	Sell	200K	$11.99
2026-01-20	Lu James Fu Bin	Sell	200K	$12.06
2026-01-12	Lu James Fu Bin	Sell	112K	$13.23
2026-01-09	Lu James Fu Bin	Sell	303K	$13.22
2026-01-05	Lu James Fu Bin	Sell	92K	$13.53
2026-01-02	Richardson Nathan	Sell	1.5K	$13.66
2025-12-29	Lu James Fu Bin	Sell	3.6K	$13.50
2025-12-26	Lu James Fu Bin	Sell	44K	$13.51
2025-12-23	Lu James Fu Bin	Sell	100K	$13.80
2025-12-05	Zage George Raymond III	Buy	50K	$13.51
2025-12-04	Zage George Raymond III	Buy	80K	$13.50
2025-12-03	Zage George Raymond III	Buy	75K	$13.48
2025-12-03	Zage George Raymond III	Buy	100K	$13.56
2025-12-02	Zage George Raymond III	Buy	100K	$12.95
2025-12-01	Balance Austin J	Tax withheld	38K	$12.85
2025-12-01	Zage George Raymond III	Buy	150K	$12.91
2025-12-01	Richardson Nathan	Sell	1.5K	$12.70
2025-11-30	Balance Austin J	Grant	425K	—
2025-11-30	Katz Zachary	Grant	270K	—
2025-11-28	Zage George Raymond III	Buy	150K	$12.88
2025-11-25	Katz Zachary	Sell	29K	$12.52
2025-11-18	Richardson Nathan	Sell	1.5K	$13.55
2025-11-18	Lu James Fu Bin	Sell	76K	$13.65
2025-11-17	Lu James Fu Bin	Sell	4.3K	$14.01
2025-11-14	Lu James Fu Bin	Sell	364K	$14.10
2025-11-14	Richardson Nathan	Sell	485	$14.03
2025-11-13	Lu James Fu Bin	Sell	206K	$14.45
2025-11-13	Katz Zachary	Tax withheld	28K	$15.10
2025-11-13	Katz Zachary	Sell	14K	$14.39
2025-11-12	Lu James Fu Bin	Sell	292K	$14.80
2025-11-11	Balance Austin J	Sell	13K	$15.04
2025-11-11	Balance Austin J	Sell	21K	$15.11
2025-11-11	Lu James Fu Bin	Sell	559K	$14.99
2025-11-11	Balance Austin J	Option exercise	13K	$4.20
2025-11-03	Katz Zachary	Sell	16K	$13.73
2025-11-03	Baer Daniel Brooks	Grant	443	—
2025-11-03	Stabler Meghan	Grant	221	—
2025-11-03	Cohen Chad M	Grant	221	—
2025-10-17	Lu James Fu Bin	Sell	250K	$13.13
2025-10-16	Lu James Fu Bin	Sell	400K	$12.66
2025-10-15	Lu James Fu Bin	Sell	400K	$12.96
2025-10-15	Arison George	Tax withheld	190K	$12.74
2025-10-14	Richardson Nathan	Sell	1.0K	$13.50
2025-10-13	Katz Zachary	Sell	4.6K	$13.22
2025-10-13	Lu James Fu Bin	Sell	96K	$12.25
2025-10-13	Lu James Fu Bin	Sell	254K	$13.22
2025-10-13	Katz Zachary	Sell	3.0K	$12.23
2025-10-10	Lu James Fu Bin	Sell	300K	$11.94
2025-10-09	Lu James Fu Bin	Sell	1.0M	$13.15
2025-10-09	Zage George Raymond III	Buy	1.0M	$13.15
2025-10-01	North John F	Grant	730K	—
2025-09-29	Mehta-Krantz Vandana	Tax withheld	50K	$15.72
2025-09-15	Katz Zachary	Sell	7.6K	$15.64
2025-09-15	Richardson Nathan	Sell	1.0K	$16.19
2025-09-15	Katz Zachary	Tax withheld	31K	$16.07
2025-09-12	Arison George	Gift	125K	—
2025-08-14	Richardson Nathan	Sell	1.0K	$16.27
2025-08-11	Mehta-Krantz Vandana	Sell	31K	$17.02
2025-08-11	Mehta-Krantz Vandana	Sell	13K	$16.60
2025-07-30	Stabler Meghan	Grant	8.0K	—
2025-07-30	Richardson Nathan	Grant	8.2K	—
2025-07-30	GEARON J MICHAEL JR	Grant	7.2K	—
2025-07-30	Lu James Fu Bin	Grant	7.2K	—
2025-07-30	Zage George Raymond III	Grant	6.7K	—
2025-07-30	Baer Daniel Brooks	Grant	7.0K	—
2025-07-30	Cohen Chad M	Grant	9.3K	—
2025-07-24	Katz Zachary	Sell	15K	$19.25
2025-07-14	Richardson Nathan	Sell	1.0K	$21.26
2025-07-03	Katz Zachary	Sell	15K	$22.48
2025-06-23	Mehta-Krantz Vandana	Sell	21K	$22.18
2025-06-16	Richardson Nathan	Sell	1.0K	$23.45
2025-06-16	Mehta-Krantz Vandana	Sell	57K	$23.47
2025-06-16	Katz Zachary	Sell	15K	$23.47
2025-06-12	Balance Austin J	Option exercise	26K	$4.20
2025-06-12	Balance Austin J	Sell	132K	$23.15
2025-06-03	Richardson Nathan	Grant	484	—
2025-06-03	Lu James Fu Bin	Grant	456	—
2025-06-03	Zage George Raymond III	Grant	428	—
2025-06-03	Stabler Meghan	Grant	513	—
2025-06-03	GEARON J MICHAEL JR	Grant	456	—
2025-06-03	GEARON J MICHAEL JR	Sell	19K	$24.75
2025-06-03	Baer Daniel Brooks	Grant	428	—
2025-06-03	Cohen Chad M	Grant	1.4K	—
2025-06-02	GEARON J MICHAEL JR	Sell	250K	$24.44
2025-05-30	GEARON J MICHAEL JR	Sell	250K	$24.33
2025-05-29	Baer Daniel Brooks	Sell	2.4K	$24.00
2025-05-28	Baer Daniel Brooks	Sell	2.0K	$23.98
2025-05-28	GEARON J MICHAEL JR	Sell	175K	$23.82
2025-05-28	Lu James Fu Bin	Sell	853K	$23.93
2025-05-27	GEARON J MICHAEL JR	Sell	133K	$23.74
2025-05-27	Lu James Fu Bin	Sell	252K	$23.86
2025-05-23	GEARON J MICHAEL JR	Sell	133K	$24.03
2025-05-23	Lu James Fu Bin	Sell	230K	$23.99
2025-05-22	GEARON J MICHAEL JR	Sell	59K	$24.09
2025-05-22	Lu James Fu Bin	Sell	168K	$23.98
2025-05-19	GEARON J MICHAEL JR	Sell	478K	$23.64
2025-05-16	GEARON J MICHAEL JR	Sell	107K	$23.50
2025-05-15	GEARON J MICHAEL JR	Sell	10K	$23.90
2025-05-14	Katz Zachary	Tax withheld	21K	$23.99
2025-05-14	Lu James Fu Bin	Sell	201K	$24.05
2025-05-14	Richardson Nathan	Sell	1.0K	$24.01
2025-05-14	GEARON J MICHAEL JR	Sell	241K	$23.95
2025-05-14	Mehta-Krantz Vandana	Tax withheld	46K	$23.99
2025-05-14	Balance Austin J	Tax withheld	38K	$23.99
2025-05-13	Lu James Fu Bin	Sell	1.1M	$24.01
2025-05-13	GEARON J MICHAEL JR	Sell	284K	$24.13
2025-05-12	Katz Zachary	Grant	42K	—
2025-05-12	Balance Austin J	Grant	76K	—
2025-05-12	Mehta-Krantz Vandana	Grant	90K	—
2025-05-12	GEARON J MICHAEL JR	Sell	500K	$23.71
2025-05-12	Lu James Fu Bin	Sell	481K	$23.78
2025-05-09	Arison George	Gift	125K	—
2025-04-15	Arison George	Tax withheld	190K	$18.16
2025-04-14	Richardson Nathan	Sell	1.0K	$18.40
2025-03-28	Arison George	Gift	85K	—
2025-03-17	Balance Austin J	Tax withheld	4.9K	$15.14
2025-03-17	Arison George	Tax withheld	89K	$15.14
2025-03-17	Katz Zachary	Tax withheld	4.9K	$15.14
2025-03-17	Lu James Fu Bin	Option exercise	334K	$10.73
2025-03-17	Zage George Raymond III	Option exercise	165K	$10.73
2025-03-17	Mehta-Krantz Vandana	Tax withheld	22K	$15.14
2025-03-14	Richardson Nathan	Sell	1.0K	$16.34
2025-03-11	Katz Zachary	Sell	1.7K	$16.07
2025-03-11	Katz Zachary	Sell	1.4K	$16.42
2025-03-07	Arison George	Grant	176K	—
2025-03-07	Balance Austin J	Grant	9.7K	—
2025-03-07	Katz Zachary	Grant	9.7K	—
2025-03-07	Mehta-Krantz Vandana	Grant	43K	—
2025-03-04	Balance Austin J	Tax withheld	34K	$18.24
2025-03-04	Mehta-Krantz Vandana	Tax withheld	43K	$18.24
2025-03-04	Katz Zachary	Tax withheld	17K	$18.24
2025-03-03	Balance Austin J	Option exercise	26K	$4.20
2025-03-03	Balance Austin J	Sell	26K	$18.68
2025-02-26	Katz Zachary	Grant	46K	—
2025-02-26	Mehta-Krantz Vandana	Grant	99K	—
2025-02-26	Balance Austin J	Grant	83K	—
2025-02-19	Zage George Raymond III	Option exercise	13.9M	$11.50
2025-02-14	Lu James Fu Bin	Option exercise	1.3M	$11.50
2025-02-14	Richardson Nathan	Sell	1.0K	$18.58
2025-02-14	Lu James Fu Bin	Disposition	854K	$18.26
2025-02-13	Zage George Raymond III	Option exercise	703K	$11.50
2025-02-11	Katz Zachary	Sell	3.1K	$18.00
2025-02-04	Zage George Raymond III	Option exercise	25K	$11.50
2025-01-14	Weinstein Daniel	Grant	77K	—
2025-01-14	Richardson Nathan	Sell	1.0K	$16.58
2025-01-14	GEARON J MICHAEL JR	Other	6.5M	—
2025-01-14	GEARON J MICHAEL JR	Other	6.5M	—
2025-01-13	Katz Zachary	Sell	3.1K	$16.40
2025-01-10	GEARON J MICHAEL JR	Other	591K	—
2025-01-10	GEARON J MICHAEL JR	Other	7.1M	—
2025-01-10	GEARON J MICHAEL JR	Other	8.4M	—
2025-01-08	Arison George	Gift	85K	—
2024-12-31	Lu James Fu Bin	Option exercise	481K	$7.51
2024-12-31	Lu James Fu Bin	Option exercise	569K	$6.69
2024-12-31	Lu James Fu Bin	Option exercise	319K	$6.46
2024-12-31	Lu James Fu Bin	Option exercise	478K	$9.03
2024-12-31	Zage George Raymond III	Option exercise	234K	$7.51
2024-12-31	Zage George Raymond III	Option exercise	271K	$6.69
2024-12-31	Zage George Raymond III	Option exercise	155K	$6.46
2024-12-31	Zage George Raymond III	Option exercise	235K	$9.03

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-25	Exec/director change	filing ↗
2026-06-05	Exec/director changeExhibits	filing ↗
2026-06-04	Shareholder voteExhibits	filing ↗
2026-05-07	ResultsExhibits	filing ↗
2026-02-26	Material agreementResultsExhibits	filing ↗
2026-02-24	5.08Exhibits	filing ↗
2025-12-16	Material agreementDebt obligationExhibits	filing ↗
2025-12-02	Exec/director changeExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-25	2026-06-19	0001140361-26-026379 ↗
8-K	2026-06-05	2026-06-02	0001820144-26-000020 ↗
8-K	2026-06-04	2026-06-02	0001820144-26-000014 ↗
10-Q	2026-05-08	2026-03-31	0001820144-26-000011 ↗
8-K	2026-05-07	2026-05-07	0001820144-26-000009 ↗
10-K	2026-03-02	2025-12-31	0001820144-26-000007 ↗
8-K	2026-02-26	2026-02-26	0001820144-26-000004 ↗
8-K	2026-02-24	2026-02-24	0001820144-26-000002 ↗
8-K	2025-12-16	2025-12-16	0001140361-25-045703 ↗
8-K	2025-12-02	2025-11-30	0001140361-25-044037 ↗
8-K	2025-11-06	2025-11-06	0001820144-25-000037 ↗
10-Q	2025-11-06	2025-09-30	0001820144-25-000039 ↗