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GRND

Grindr Inc.

GRND

NYSE·Technology·Software - Application·Mkt cap $2.8B

$16.17

+3.06%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$9.73 - $22.73

P/E

32.13

Fwd P/E

28.24

Beta

0.25

Div Yield

0.00%

Avg Vol

1.5M

Shares Out

185.1M

Mkt Cap

$2.8B

Price action

Price chart

Down 29.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Dominant market position in LGBTQ+ social networking with network effects
  • Highly engaged and loyal user base with strong retention metrics
  • Proprietary location-based matching technology and user data insights
  • Brand recognition and cultural significance within LGBTQ+ communities globally

Bear Case

2 risks

  • Low volatility (beta 0.2).
  • Growth premium of 1.4x vs Enterprise SaaS peers. Reasonable for this growth rate.

Growth

Moderate growth ahead

International expansion in emerging markets with growing LGBTQ+ populations

Value

Growth premium of 1.4x vs Enterprise SaaS peers. Reasonable for this growth rate.

Momentum

Hot

+29.1% over 3m

Quality

Excellent

High-growth business (31% revenue growth, 74% gross margin). Profitable with strong growth momentum.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 6, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $0.14 vs $0.13 consensus (+7.7% surprise). Revenue of $129.9M vs $119.4M expected (+8.8%). Beat on both top and bottom lines.

EPS beat +7.7%
Rev beat +8.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+7.7%

Next: May 6, 2026

Revenue trend · last 8Q

+35%

+25%

+27%

+30%

+29%

+38%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$82.3M

$89.3M

$97.6M

$93.9M

$104.2M

$115.8M

$126.0M

$129.9M

Margins · last 8Q

Gross

Operating

Profit

20.6%

Wall Street consensus

3 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

100%

Hold

0%

Sell

0%

Median Price Target

$18.00

+11.3% vs $16.17

Low $18.00
Median $18.00
High $18.00

Latest: Morgan Stanley · Jul 1, 2026

1 analyst covering

vs Industry

How GRND stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.