Grindr Inc. (GRND) Stock

Grindr Inc. (GRND) is a Technology stock trading at $15.66 (as of 2026-08-20), with a market capitalization of $2.72B and a trailing P/E of 26.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Grindr Inc. operates a social networking platform focused on the LGBTQ community, enabling users to connect with each other, share content and experiences, and express themselves. The service is offered as a free, ad-supported tier and a premium subscription version.

Understand Grindr Inc.: how it makes money

Grindr operates a social network platform for the LGBTQ community, and it makes money through a free, ad-supported service and a premium subscription version.

Grindr’s profit model is the monetization mix of its user base, premium subscriptions (direct revenue) plus advertising from the free, ad-supported tier, so changes in paying user penetration and the size of the active audience are the core drivers.

Revenue by segment (latest quarter)
Direct$0.1B

Business quality (Exceptional): Clear business model (free ad-supported plus premium subscription), with operating performance reflected in operating margin and monetization reflected in paying user penetration and paying users.

Valuation: Trades at 30× trailing earnings · $3B market cap.

Bull case

  • Two monetization streams: The platform offers both a free, ad-supported service and a premium subscription version.
  • Large audience reach: Average Monthly Active Users are 15,000,000, and the service is available in 190 countries and territories.
  • Strong profitability for the period shown: Operating margin is 32.9% for the latest quarter (2026-03-31).

Bear case

  • Monetization depends on conversion to paying users: Paying User Penetration Rate is 8.6%, so a large portion of the audience is not paying (Paying Users are 873,000 versus 15,000,000 average monthly active users).
  • Advertising revenue can be sensitive: Because the free service is ad-supported, results can be affected by conditions impacting advertising demand or ad effectiveness.
  • Revenue size is small in absolute terms: Latest quarter revenue is 0.09B USD (financial period 2026-03-31), so execution changes may move performance noticeably.
Valuation — source: SEC EDGAR (first-party)
Price$15.66
Market Cap$2.72B
P/E Ratio26.7
EV / EBITDA18.5
Price / Sales5.30
FCF Yield9.5%
DCF Value (model)$18.99
DCF Upside vs Price21.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$439.90M
Net Margin21.5%
Revenue Growth (YoY)27.6%
EPS Growth (YoY)-160.8%
FCF Growth (YoY)49.7%
Financial Health — source: SEC EDGAR
Altman Z-Score5.13 (safe)
Valuation vs Sector & Industry
Stock P/E26.7
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-21.4%
vs Industry-11.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($45.13M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOGeorge Arison
Employees142
CountryUS
IPO Date2021-01-14

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

  • NIQ Global Intelligence Plc (NIQ)
  • Magnite, Inc. (MGNI)
  • IAC InterActive Corp. (IAC)
  • Trump Media & Technology Group Corp. (DJT)
  • DoubleVerify Holdings, Inc. (DV)
  • Tripadvisor, Inc. (TRIP)
  • Taboola.com Ltd. (TBLA)
  • Rackspace Technology, Inc. (RXT)
GRND earnings history · GRND institutional & insider holders · GRND KPIs & operating metrics · GRND financials · GRND investor presentations & press releases · GRND SEC filings · GRND peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.