Grindr (GRND)
Market Price (10/18/2026): $14.095 | Market Cap: $2.5 BilSector: Information Technology | Industry: Application Software
Grindr (GRND)
Market Price (10/18/2026): $14.095Market Cap: $2.5 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% Attractive yieldFCF Yield is 5.7% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Social Media & Creator Economy. Themes include Social Media Platforms. | Weak multi-year price returns2Y Excs Rtn is -23% | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% Key risksGRND key risks include [1] regulatory scrutiny over its handling of sensitive LGBTQ+ user data and [2] governance uncertainty stemming from board investigations and significant insider selling. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Attractive yieldFCF Yield is 5.7% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy. Themes include Social Media Platforms. |
| Weak multi-year price returns2Y Excs Rtn is -23% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Key risksGRND key risks include [1] regulatory scrutiny over its handling of sensitive LGBTQ+ user data and [2] governance uncertainty stemming from board investigations and significant insider selling. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/16/2026
Grindr (GRND) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results: Grindr's stock movement since June 30, 2026, was influenced by its fiscal Q2 2026 earnings report on August 6, 2026, which presented a mixed financial picture. While the company reported revenue of $138.14 million, surpassing the consensus estimate of $132.50 million and reflecting a 33% year-over-year growth, its earnings per share (EPS) of $0.10 missed analysts' consensus estimate of $0.16 by $0.06. This combination of revenue outperformance and an EPS miss likely created offsetting pressures on the stock price.
2. Strategic Acquisition with Integration Uncertainties: The announcement of Grindr's acquisition of Freddie (PurposeMed), a telehealth PrEP provider, for approximately $250 million in cash and stock on September 30, 2026, introduced both strategic opportunity and integration concerns. While the acquisition aims to expand Grindr into HIV prevention and telehealth, it is expected to have an "immaterial impact" on the company's fiscal year 2026 financial results and could pressure combined margins due to early U.S. investment, leading to investor caution and a neutral stock reaction.
Show more
Grindr (GRND) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results: Grindr's stock movement since June 30, 2026, was influenced by its fiscal Q2 2026 earnings report on August 6, 2026, which presented a mixed financial picture. While the company reported revenue of $138.14 million, surpassing the consensus estimate of $132.50 million and reflecting a 33% year-over-year growth, its earnings per share (EPS) of $0.10 missed analysts' consensus estimate of $0.16 by $0.06. This combination of revenue outperformance and an EPS miss likely created offsetting pressures on the stock price.
2. Strategic Acquisition with Integration Uncertainties: The announcement of Grindr's acquisition of Freddie (PurposeMed), a telehealth PrEP provider, for approximately $250 million in cash and stock on September 30, 2026, introduced both strategic opportunity and integration concerns. While the acquisition aims to expand Grindr into HIV prevention and telehealth, it is expected to have an "immaterial impact" on the company's fiscal year 2026 financial results and could pressure combined margins due to early U.S. investment, leading to investor caution and a neutral stock reaction.
Show more
Updated on 10/16/2026
Grindr (GRND) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results: Grindr's stock movement since June 30, 2026, was influenced by its fiscal Q2 2026 earnings report on August 6, 2026, which presented a mixed financial picture. While the company reported revenue of $138.14 million, surpassing the consensus estimate of $132.50 million and reflecting a 33% year-over-year growth, its earnings per share (EPS) of $0.10 missed analysts' consensus estimate of $0.16 by $0.06. This combination of revenue outperformance and an EPS miss likely created offsetting pressures on the stock price.
2. Strategic Acquisition with Integration Uncertainties: The announcement of Grindr's acquisition of Freddie (PurposeMed), a telehealth PrEP provider, for approximately $250 million in cash and stock on September 30, 2026, introduced both strategic opportunity and integration concerns. While the acquisition aims to expand Grindr into HIV prevention and telehealth, it is expected to have an "immaterial impact" on the company's fiscal year 2026 financial results and could pressure combined margins due to early U.S. investment, leading to investor caution and a neutral stock reaction.
3. Significant Insider Selling Activity: The stock experienced downward pressure from substantial insider selling during the period. Notably, Director George Raymond Zage III conducted significant sales, divesting 500,000 shares for approximately $7.78 million on September 16-17, 2026, and another 500,000 shares valued at over $6.9 million on September 30, 2026. Overall, insider trading over the ninety days prior to October 16, 2026, totaled over $21 million in sales, creating a persistent supply overhang and tempering positive sentiment.
4. Market Awaiting Fiscal Q3 2026 Earnings Amidst Broad Positive Sentiment: Investor sentiment was likely muted by a "wait and see" approach in anticipation of the upcoming fiscal Q3 2026 earnings report, estimated for November 5, 2026. This pre-earnings holding pattern counterbalanced a generally positive macroeconomic backdrop, where the broader software and technology sector, including the S&P 500 and Nasdaq, reached new highs, providing some underlying support to the stock that prevented a significant decline but did not propel it higher.
Show less
Grindr (GRND) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Financial Results: Grindr's stock movement since June 30, 2026, was influenced by its fiscal Q2 2026 earnings report on August 6, 2026, which presented a mixed financial picture. While the company reported revenue of $138.14 million, surpassing the consensus estimate of $132.50 million and reflecting a 33% year-over-year growth, its earnings per share (EPS) of $0.10 missed analysts' consensus estimate of $0.16 by $0.06. This combination of revenue outperformance and an EPS miss likely created offsetting pressures on the stock price.
2. Strategic Acquisition with Integration Uncertainties: The announcement of Grindr's acquisition of Freddie (PurposeMed), a telehealth PrEP provider, for approximately $250 million in cash and stock on September 30, 2026, introduced both strategic opportunity and integration concerns. While the acquisition aims to expand Grindr into HIV prevention and telehealth, it is expected to have an "immaterial impact" on the company's fiscal year 2026 financial results and could pressure combined margins due to early U.S. investment, leading to investor caution and a neutral stock reaction.
3. Significant Insider Selling Activity: The stock experienced downward pressure from substantial insider selling during the period. Notably, Director George Raymond Zage III conducted significant sales, divesting 500,000 shares for approximately $7.78 million on September 16-17, 2026, and another 500,000 shares valued at over $6.9 million on September 30, 2026. Overall, insider trading over the ninety days prior to October 16, 2026, totaled over $21 million in sales, creating a persistent supply overhang and tempering positive sentiment.
4. Market Awaiting Fiscal Q3 2026 Earnings Amidst Broad Positive Sentiment: Investor sentiment was likely muted by a "wait and see" approach in anticipation of the upcoming fiscal Q3 2026 earnings report, estimated for November 5, 2026. This pre-earnings holding pattern counterbalanced a generally positive macroeconomic backdrop, where the broader software and technology sector, including the S&P 500 and Nasdaq, reached new highs, providing some underlying support to the stock that prevented a significant decline but did not propel it higher.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -1.9% change in GRND stock from 6/30/2026 to 10/17/2026 was primarily driven by a -6.6% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10172026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.37 | 14.09 | -1.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 476 | 510 | 7.1% |
| Net Income Margin (%) | 19.9% | 18.7% | -5.6% |
| P/E Multiple | 27.9 | 26.1 | -6.6% |
| Shares Outstanding (Mil) | 183 | 177 | 3.7% |
| Cumulative Contribution | -1.9% |
Market Drivers
6/30/2026 to 10/17/2026| Return | Correlation | |
|---|---|---|
| GRND | -1.9% | |
| Market (SPY) | 2.2% | 1.7% |
| Sector (XLK) | -3.7% | -21.7% |
Fundamental Drivers
The 16.5% change in GRND stock from 3/31/2026 to 10/17/2026 was primarily driven by a 15.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 10172026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.09 | 14.09 | 16.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 440 | 510 | 15.9% |
| Net Income Margin (%) | 21.5% | 18.7% | -13.0% |
| P/E Multiple | 23.6 | 26.1 | 10.5% |
| Shares Outstanding (Mil) | 185 | 177 | 4.5% |
| Cumulative Contribution | 16.5% |
Market Drivers
3/31/2026 to 10/17/2026| Return | Correlation | |
|---|---|---|
| GRND | 16.5% | |
| Market (SPY) | 17.7% | 8.3% |
| Sector (XLK) | 38.2% | -4.7% |
Fundamental Drivers
The -6.2% change in GRND stock from 9/30/2025 to 10/17/2026 was primarily driven by a -36.1% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10172026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.02 | 14.09 | -6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 385 | 510 | 32.4% |
| P/S Multiple | 7.6 | 4.9 | -36.1% |
| Shares Outstanding (Mil) | 196 | 177 | 10.9% |
| Cumulative Contribution | -6.2% |
Market Drivers
9/30/2025 to 10/17/2026| Return | Correlation | |
|---|---|---|
| GRND | -6.2% | |
| Market (SPY) | 15.5% | 15.3% |
| Sector (XLK) | 30.7% | 7.5% |
Fundamental Drivers
The 145.0% change in GRND stock from 9/30/2023 to 10/17/2026 was primarily driven by a 129.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10172026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.75 | 14.09 | 145.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 222 | 510 | 129.4% |
| P/S Multiple | 4.5 | 4.9 | 8.6% |
| Shares Outstanding (Mil) | 174 | 177 | -1.6% |
| Cumulative Contribution | 145.0% |
Market Drivers
9/30/2023 to 10/17/2026| Return | Correlation | |
|---|---|---|
| GRND | 145.0% | |
| Market (SPY) | 84.7% | 23.9% |
| Sector (XLK) | 127.8% | 18.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GRND Return | -5% | -54% | 89% | 103% | -24% | 12% | 42% |
| Peers Return | 6% | -20% | -4% | 55% | -19% | -21% | -20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| GRND Win Rate | 67% | 75% | 67% | 50% | 33% | 50% | |
| Peers Win Rate | 64% | 47% | 47% | 68% | 50% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GRND Max Drawdown | - | -87% | -35% | -16% | -52% | -29% | |
| Peers Max Drawdown | -25% | -40% | -25% | -40% | -52% | -47% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADSK, HIT, BMR, DSGX, EGAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/16/2026 (YTD)
How Low Can It Go
| Event | GRND | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.3% | -18.8% |
| % Gain to Breakeven | 19.5% | 23.1% |
| Time to Breakeven | 17 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.9% | -7.8% |
| % Gain to Breakeven | 12.2% | 8.5% |
| Time to Breakeven | 11 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.4% | -9.5% |
| % Gain to Breakeven | 22.6% | 10.5% |
| Time to Breakeven | 24 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.8% | -6.7% |
| % Gain to Breakeven | 16.0% | 7.1% |
| Time to Breakeven | 79 days | 31 days |
In The Past
Grindr's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.5% gain to breakeven.
Preserve Wealth
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Asset Allocation
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In The Past
Grindr's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Grindr (GRND)
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Grindr, trading under the symbol GRND, currently operates as Tiga Acquisition Corp., a Special Purpose Acquisition Company (SPAC). Its primary business activity involves identifying and executing a business combination, such as a merger, share exchange, asset acquisition, or reorganization, with one or more existing businesses or entities. The company itself does not have significant ongoing operational activities.
In this capacity, GRND does not offer traditional products or services to end consumers. Instead, its core function is to facilitate the process of bringing a private company to the public market through a de-SPAC transaction. Its main "product" is effectively the vehicle for this corporate maneuver, backed by the financial structure and expertise required to complete such a merger.
The primary "customers" or "markets" for GRND are the private companies it seeks to combine with, as well as investors who acquire its shares with the expectation of participating in the potential value creation resulting from a successful business combination. Incorporated in 2020 and headquartered in Singapore, the company's focus is squarely on completing its intended merger or acquisition.
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Grindr is an online dating application geared towards the gay, bi, trans, and queer community. It was founded in 2009 by Joel Simkhai. The company is headquartered in West Hollywood, California.
Here is a list of Grindr's management team members:
George Arison
Chief Executive Officer and Director George Arison was appointed CEO of Grindr in October 2022. Prior to joining Grindr, Mr. Arison co-founded and served as CEO of Shift Technologies, Inc. (Nasdaq: SFT), an e-commerce marketplace for cars, from 2013 to 2022. He also co-founded and was the CEO of Taxi Magic (later Curb Mobility) from 2007 to 2013, a company that pioneered the e-hailing of taxis. Curb Mobility was sold to Verifone. Mr. Arison has also been an investor in and advisor to several technology companies.Vance Colarossi
Chief Financial Officer Vance Colarossi has served as the Chief Financial Officer of Grindr since May 2023. Prior to joining Grindr, he was the CFO of Performance Matters, an education technology company, and previously held CFO positions at Goal Zero, a portable power company, and Skullcandy, Inc. (Nasdaq: SKUL), an audio equipment company.James F. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T. C. T.
AI Analysis | Feedback
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Key Risks to Grindr (GRND)
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Privacy and Data Security Concerns / Regulatory Compliance
Grindr faces significant and ongoing risks related to user privacy and data security, stemming from a history of inadequate data protection practices. The company has previously been scrutinized for sharing sensitive user data, including HIV status and precise location information, with third-party vendors without explicit user consent. This has led to substantial regulatory actions, such as a proposed €10 million fine from Norway's data protection authority for violations of the General Data Protection Regulation (GDPR). Operating within an increasingly complex and evolving regulatory landscape, Grindr is exposed to potential severe penalties, reputational damage, and restrictions on its services if it fails to comply with data protection and consumer privacy laws. Given that Grindr serves the LGBTQ+ community, the exposure of such sensitive personal data carries heightened risks of prejudice, discrimination, and even physical harm to users in certain regions, severely eroding user trust.
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Intensifying Competition and User Growth Challenges
Grindr operates in a highly competitive online dating and social networking market characterized by low barriers to entry. The company faces significant competition from established platforms such as Tinder, Bumble, and HER, as well as emerging niche dating applications. There are concerns regarding the sustainability of Grindr's user growth, with reports indicating a slowdown or even slight decline in Monthly Active Users (MAUs). Aggressive monetization strategies, including the introduction of more advertisements and paywalls, have been cited as factors contributing to user dissatisfaction and potential churn, which can undermine the platform's crucial network effect. To maintain its market position, Grindr must continuously innovate its offerings and differentiate itself from competitors to attract and retain its user base.
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Dependence on Third-Party Platforms
Grindr's business model is significantly dependent on major third-party app stores, primarily Apple's App Store and Google Play, for the distribution of its application and the processing of payments. This reliance presents a notable vulnerability. Any changes in the policies, terms of service, or commercial relationships with these dominant platforms could adversely impact Grindr's ability to reach its users and generate revenue. Furthermore, content moderation policies imposed by these app stores can also influence Grindr's operational flexibility and its capacity to effectively serve the unique needs of its LGBTQ+ community.
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Grindr (GRND) primarily offers a location-based social networking and online dating application for LGBTQ+ individuals. Its main products include the free Grindr app, and premium subscription services such as Grindr XTRA and Grindr Unlimited, which provide enhanced features. The company also generates revenue through advertising and partnerships. Grindr is expanding its offerings to include AI personalization features, intent-based products like "Right Now" and "Roam," and exploring the health and wellness sector.
The addressable market sizes for Grindr's main products and services are as follows:
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Global Online Dating Application Market: The global online dating application market was estimated at USD 8,640.8 million in 2023 and is projected to reach USD 14,415.4 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.6% from 2024 to 2030. Another estimate projects the market size to be USD 9.07 billion in 2024, growing to USD 18.61 billion by 2034, at a CAGR of 7.48% from 2025 to 2034.
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Global LGBTQ+ Dating App Market: The LGBTQ+ dating app market was valued at USD 935.9 million in 2024. It is expected to grow from USD 1,023 million in 2025 to USD 2,500 million by 2035, at a CAGR of approximately 9.3% during this period. Another projection indicates the global LGBTQ+ Dating App Market is expected to reach a valuation of USD 2.14 billion by 2024 and USD 4.2 billion by 2032, exhibiting a CAGR of 8.82% from 2023 to 2032. North America is identified as a dominant region in this market, with Europe also showing steady expansion and Asia-Pacific experiencing moderate growth.
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Here are the expected drivers of future revenue growth for Grindr (GRND) over the next 2-3 years:
- Price Increases and New Premium Tiers: Grindr plans to drive revenue growth through strategic price adjustments for its existing premium tiers, such as Xtra and Unlimited, with a global rollout anticipated in the first half of 2026. Additionally, the company is introducing a new AI-powered premium tier called "Edge," which has shown strong test results and is targeted as a significant revenue driver for 2027. This strategy aims to increase average revenue per paying user by offering enhanced value.
- AI-Powered Product Innovation and Enhanced Features: Grindr is transforming into an "AI-native" organization, with AI agents contributing significantly to new code development. This integration is leading to the rollout of new premium AI experiences and features like "For You," "Chat Summaries," and "A-List," which are designed to improve user engagement and drive monetization. The company expects broader monetization from these AI-native products in 2026.
- Global Monetization and International Market Expansion: Grindr is actively pursuing expanded global monetization strategies, including the worldwide rollout of its AI-powered premium tiers. The company's future growth strategy emphasizes international expansion, with key areas for user growth identified in Latin America and Asia, particularly India. This broader reach will enable Grindr to tap into new user bases and generate revenue from diverse markets.
- Diversification into New Business Lines: Grindr aims to evolve into a "super app" for the LGBTQ+ community, expanding beyond its core dating and social networking functionalities into new service areas. This includes a focus on health and wellness services, with "Woodwork," a performance medications business, highlighted as a new initiative that could offer potential upside to revenue, although its revenue growth is not yet predictable for 2026. The company is also exploring products for relationships and travel.
AI Analysis | Feedback
Capital Allocation Decisions for Grindr (GRND)
Share Repurchases
- Grindr announced a 3-year, $400 million expansion of its share repurchase authorization, extending the program through March 2029.
- In 2025, the company repurchased 25.1 million shares for approximately $450 million against an original $500 million authorization.
- Approximately $50 million of the original repurchase authority remained and rolled into the new expanded program, resulting in a total repurchase availability of up to $450 million.
Inbound Investments
- On October 24, 2025, majority shareholders George Raymond Zage III and James Fu Bin Lu submitted a non-binding proposal to acquire all outstanding shares of Grindr not already owned by them for $18.00 per share in a going-private transaction.
Capital Expenditures
- Grindr's capital expenditures were $4.206 million for the period ending September 30, 2025, marking a 238.38% increase from the same period in the prior year.
- Annual capital expenditures for Grindr were $5.345 million in 2024 and $4.23 million in 2023.
- The company focuses its investments on team, platform foundations, ecosystem health, and rapidly growing AI capabilities to drive long-term growth and profitability.
Peer Outperformance in Application Software
GRND has outperformed 85% of its 124 Application Software peers over 5Y. Application Software ranks 11th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that GRND has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
75%
of 151 industry peers · 8.7% return
3Y
92%
of 138 industry peers · 142.1% return
5Y
85%
of 124 industry peers · 39.2% return
No Application Software peer with a comparable growth profile has beaten GRND by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is GRND's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 36.8% | 145.7% | 270.2% | TTMI 595% · FLEX 547% · JBL 353% |
| Communications Equipment | 35 | 4.8% | 104.4% | 87.4% | AAOI 947% · LITE 867% · ANET 626% |
| Technology Distributors | 9 | 48.0% | 84.8% | 82.0% | AVT 172% · SNX 149% · CNXN 114% |
| Semiconductor Materials & Equipment | 27 | 53.9% | 60.1% | 72.9% | AXTI 530% · KLAC 429% · LRCX 392% |
| Electronic Components | 26 | 3.0% | 76.8% | 49.9% | CLS 3160% · BELFA 1172% · APH 331% |
| Semiconductors | 54 | 8.8% | 32.6% | 30.2% | MU 1230% · NVDA 884% · AVGO 614% |
| Technology Hardware, Storage & Peripherals | 21 | 14.9% | 55.2% | 10.8% | DELL 816% · STX 798% · SMCI 792% |
| Internet Services & Infrastructure | 6 | -1.0% | 42.0% | -3.3% | GDDY 52% · VRSN 44% · DOCN 11% |
| Electronic Equipment & Instruments | 26 | -16.9% | 22.5% | -8.0% | PI 233% · OSIS 105% · KEYS 96% |
| IT Consulting & Other Services | 28 | -28.2% | -10.8% | -19.6% | CHRN 396742% · APLD 464% · ADEA 135% |
| Application Software ← | 125 | -22.1% | -15.7% | -47.7% | PLTR 675% · FROG 148% · AGYS 106% |
| Systems Software | 69 | -15.6% | 13.9% | -54.1% | ZETA 301% · CRWD 233% · FTNT 168% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Grindr Earnings Notes | 12/28/2026 | |
| Time To Buy Grindr Stock? | 11/25/2025 | |
| How Low Can Grindr Stock Really Go? | 11/25/2025 | |
| GRND's One-Month Drop Offers a Chance to Reevaluate LLY | 08/18/2025 | |
| Grindr (GRND) Operating Cash Flow Comparison | 08/08/2025 | |
| Grindr (GRND) Debt Comparison | 08/08/2025 | |
| Grindr (GRND) EBITDA Comparison | 08/08/2025 | |
| ARTICLES | ||
| Grindr Stock Tumbled 22% – Opportunity or Trap? | 06/03/2026 | |
| Grindr Stock To $16? | 11/25/2025 | |
| Can Grindr Stock Recover If Markets Fall? | 11/25/2025 | |
| Has GRND Stock Become A Bargain After Dropping 25%? | 08/15/2025 | |
| After INTU’s 5.7% Single Day Slide, GRND Looks Like the Stronger Long-Term Play | 08/12/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.83 |
| Mkt Cap | 2.5 |
| Rev LTM | 510 |
| Op Inc LTM | 152 |
| FCF LTM | 143 |
| FCF 3Y Avg | 104 |
| CFO LTM | 154 |
| CFO 3Y Avg | 111 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.9% |
| Rev Chg 3Y Avg | 14.1% |
| Rev Chg Q | 11.8% |
| QoQ Delta Rev Chg LTM | 2.8% |
| Op Inc Chg LTM | 43.6% |
| Op Inc Chg 3Y Avg | 56.2% |
| Op Mgn LTM | 27.9% |
| Op Mgn 3Y Avg | 24.4% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 30.3% |
| CFO/Rev 3Y Avg | 26.9% |
| FCF/Rev LTM | 28.0% |
| FCF/Rev 3Y Avg | 25.3% |
Price Behavior
Price Behavior
| Market Price | $14.09 | |
| Market Cap ($ Bil) | 2.5 | |
| First Trading Date | 01/14/2021 | |
| Distance from 52W High | -21.5% | |
| 50 Days | 200 Days | |
| DMA Price | $15.39 | $13.62 |
| DMA Trend | down | up |
| Distance from DMA | -8.5% | 3.5% |
| 3M | 1YR | |
| Volatility | 44.1% | 48.5% |
| Downside Capture | -37.57 | 40.70 |
| Upside Capture | -33.35 | 53.39 |
| Correlation (S&P 500) | -6.6% | 10.8% |
GRND Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.67 | 0.34 | -0.09 | 0.25 | 0.56 | 0.71 |
| Up Beta | 2.07 | 1.79 | -0.25 | 0.58 | 0.21 | 0.53 |
| Down Beta | 1.75 | 0.14 | -0.05 | -0.16 | 0.30 | 0.80 |
| Up Capture | 38% | -42% | 11% | 41% | 59% | 71% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 19 | 30 | 63 | 115 | 373 |
| Down Capture | 51% | 64% | -33% | -10% | 90% | 87% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 23 | 34 | 62 | 134 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GRND | |
|---|---|---|---|---|
| GRND | 10.8% | 48.5% | 0.36 | - |
| Sector ETF (XLK) | 29.7% | 26.4% | 0.95 | 4.8% |
| Equity (SPY) | 15.8% | 12.7% | 0.86 | 12.3% |
| Gold (GLD) | -1.4% | 29.4% | -0.05 | -1.0% |
| Commodities (DBC) | 52.4% | 20.7% | 1.92 | -9.8% |
| Real Estate (VNQ) | 4.8% | 13.7% | 0.09 | 8.8% |
| Bitcoin (BTCUSD) | -26.5% | 43.6% | -0.59 | 14.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GRND | |
|---|---|---|---|---|
| GRND | 6.8% | 109.6% | 0.35 | - |
| Sector ETF (XLK) | 20.2% | 26.0% | 0.69 | 6.6% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 8.2% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | -0.3% |
| Commodities (DBC) | 9.9% | 19.5% | 0.39 | -1.3% |
| Real Estate (VNQ) | 1.6% | 18.8% | -0.02 | 8.9% |
| Bitcoin (BTCUSD) | 8.6% | 51.8% | 0.34 | 4.7% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GRND | |
|---|---|---|---|---|
| GRND | 2.8% | 102.4% | 0.32 | - |
| Sector ETF (XLK) | 23.9% | 25.0% | 0.86 | 6.7% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 8.2% |
| Gold (GLD) | 12.3% | 16.4% | 0.61 | -0.2% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -1.1% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 8.7% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 4.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.3% | -8.2% | -11.1% |
| 5/7/2026 | 9.3% | 0.3% | -20.1% |
| 2/26/2026 | -2.8% | -0.7% | 6.2% |
| 11/6/2025 | 11.0% | 5.8% | -1.3% |
| 8/7/2025 | -12.3% | -8.7% | -12.4% |
| 5/8/2025 | -1.8% | -3.8% | -5.0% |
| 3/5/2025 | -16.0% | -11.6% | -3.0% |
| 11/7/2024 | 1.6% | -3.0% | 4.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 6 | 6 |
| # Negative | 9 | 10 | 10 |
| Median Positive | 8.5% | 11.1% | 16.7% |
| Median Negative | -4.2% | -8.2% | -11.7% |
| Max Positive | 15.7% | 16.8% | 41.8% |
| Max Negative | -16.0% | -11.7% | -23.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -3.3% | -8.2% | -11.1% |
| 5/7/2026 | 9.3% | 0.3% | -20.1% |
| 2/26/2026 | -2.8% | -0.7% | 6.2% |
| 11/6/2025 | 11.0% | 5.8% | -1.3% |
| 8/7/2025 | -12.3% | -8.7% | -12.4% |
| 5/8/2025 | -1.8% | -3.8% | -5.0% |
| 3/5/2025 | -16.0% | -11.6% | -3.0% |
| 11/7/2024 | 1.6% | -3.0% | 4.9% |
| 8/8/2024 | 8.5% | 9.0% | 10.6% |
| 5/9/2024 | -4.2% | -9.3% | -13.8% |
| 3/7/2024 | 7.3% | 13.3% | 22.8% |
| 11/13/2023 | 15.7% | 14.5% | 41.8% |
| 8/14/2023 | 8.5% | 16.8% | 24.1% |
| 5/15/2023 | -4.2% | -3.2% | -3.8% |
| 3/6/2023 | -6.2% | -11.7% | -13.3% |
| 12/5/2022 | -3.9% | -8.3% | -23.1% |
| SUMMARY STATS | |||
| # Positive | 7 | 6 | 6 |
| # Negative | 9 | 10 | 10 |
| Median Positive | 8.5% | 11.1% | 16.7% |
| Median Negative | -4.2% | -8.2% | -11.7% |
| Max Positive | 15.7% | 16.8% | 41.8% |
| Max Negative | -16.0% | -11.7% | -23.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/17/2023 | 10-K |
| 06/30/2022 | 10/19/2022 | S-4/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/07/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/17/2023 | 10-K |
| 06/30/2022 | 10/19/2022 | S-4/A |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 540.00 Mil | 0.9% | Raised | Guidance: 535.00 Mil for 2026 | |||
| 2026 Adjusted EBITDA | Reported | 232.00 Mil | 2.2% | Raised | Guidance: 227.00 Mil for 2026 | |||
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 535.00 Mil | 1.3% | Raised | Guidance: 528.00 Mil for 2026 | |||
| 2026 Adjusted EBITDA | Reported | 227.00 Mil | 4.6% | Raised | Guidance: 217.00 Mil for 2026 | |||
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 528.00 Mil | ||||||
| 2026 Adjusted EBITDA | Reported | 217.00 Mil | 13.0% | Higher New | Guidance: 192.00 Mil for 2025 | |||
Insider Activity
Updated 10/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 10162026 | 15.23 | 15,227 | 231,907 | 9,412,140 | Form |
| 2 | Zage, George Raymond Iii | Direct | Sell | 10052026 | 13.65 | 292,270 | 3,989,486 | 97,293,692 | Form | |
| 3 | Zage, George Raymond Iii | Direct | Sell | 10052026 | 14.17 | 207,730 | 2,944,180 | 105,164,652 | Form | |
| 4 | Zage, George Raymond Iii | Direct | Sell | 9182026 | 15.41 | 166,400 | 2,564,224 | 117,543,520 | Form | |
| 5 | Zage, George Raymond Iii | Direct | Sell | 9182026 | 15.62 | 333,600 | 5,210,832 | 121,744,514 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 10162026 | 15.23 | 15,227 | 231,907 | 9,412,140 | Form |
| 2 | Zage, George Raymond Iii | Direct | Sell | 10052026 | 13.65 | 292,270 | 3,989,486 | 97,293,692 | Form | |
| 3 | Zage, George Raymond Iii | Direct | Sell | 10052026 | 14.17 | 207,730 | 2,944,180 | 105,164,652 | Form | |
| 4 | Zage, George Raymond Iii | Direct | Sell | 9182026 | 15.41 | 166,400 | 2,564,224 | 117,543,520 | Form | |
| 5 | Zage, George Raymond Iii | Direct | Sell | 9182026 | 15.62 | 333,600 | 5,210,832 | 121,744,514 | Form | |
| 6 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 9152026 | 15.57 | 15,227 | 237,084 | 9,859,344 | Form |
| 7 | Balance, Austin J | Chief Product Officer | Direct | Sell | 9022026 | 15.46 | 89,638 | 1,385,803 | 13,141,866 | Form |
| 8 | Baer, Daniel Brooks | Direct | Sell | 8212026 | 15.65 | 3,500 | 54,775 | 749,823 | Form | |
| 9 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 8192026 | 15.83 | 10,172 | 161,023 | 10,764,400 | Form |
| 10 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 8052026 | 17.89 | 12,979 | 232,194 | 12,347,177 | Form |
| 11 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 7202026 | 15.95 | 10,172 | 162,243 | 11,215,258 | Form |
| 12 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 7022026 | 16.28 | 12,800 | 208,384 | 11,612,898 | Form |
| 13 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 6302026 | 14.65 | 12,799 | 187,505 | 10,637,702 | Form |
| 14 | Katz, Zachary | CLO and Head of Global Affairs | Direct | Sell | 6222026 | 13.29 | 10,172 | 135,186 | 9,820,273 | Form |
| 15 | Richardson, Nathan | Direct | Sell | 6032026 | 12.59 | 1,500 | 18,885 | 86,027 | Form | |
| 16 | Balance, Austin J | Chief Product Officer | Direct | Sell | 5122026 | 15.00 | 31,615 | 474,317 | 13,703,499 | Form |
| 17 | Richardson, Nathan | Direct | Sell | 5052026 | 13.51 | 1,500 | 20,265 | 112,579 | Form | |
| 18 | Richardson, Nathan | Direct | Sell | 4032026 | 12.17 | 1,500 | 18,255 | 119,668 | Form | |
| 19 | Richardson, Nathan | Direct | Sell | 3042026 | 11.27 | 1,500 | 16,905 | 127,723 | Form | |
| 20 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2062026 | 10.01 | 475,000 | 4,754,750 | 184,505,331 | Form | |
| 21 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2062026 | 10.07 | 600,000 | 6,042,000 | 190,394,507 | Form | |
| 22 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2062026 | 10.13 | 375,000 | 3,798,750 | 197,606,933 | Form | |
| 23 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2032026 | 10.73 | 234,339 | 2,514,457 | 213,334,944 | Form | |
| 24 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2032026 | 11.14 | 178,427 | 1,987,677 | 224,097,142 | Form | |
| 25 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 2032026 | 11.27 | 200,000 | 2,254,000 | 228,723,151 | Form | |
| 26 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1272026 | 11.74 | 200,000 | 2,348,000 | 240,609,739 | Form | |
| 27 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1272026 | 11.97 | 239,000 | 2,860,830 | 247,717,558 | Form | |
| 28 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1272026 | 11.90 | 200,000 | 2,380,000 | 249,113,017 | Form | |
| 29 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1222026 | 11.98 | 200,000 | 2,396,000 | 253,183,727 | Form | |
| 30 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1222026 | 11.99 | 200,000 | 2,398,000 | 255,793,065 | Form | |
| 31 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 1222026 | 12.06 | 200,000 | 2,412,000 | 259,698,436 | Form | |
| 32 | Lu, James FU Bin | Direct | Sell | 1132026 | 13.23 | 112,368 | 1,486,629 | 58,940 | Form | |
| 33 | Lu, James FU Bin | Direct | Sell | 1132026 | 13.22 | 302,939 | 4,004,854 | 1,544,400 | Form | |
| 34 | Richardson, Nathan | Direct | Sell | 1062026 | 13.66 | 1,500 | 20,490 | 195,789 | Form | |
| 35 | Lu, James FU Bin | Direct | Sell | 12302025 | 13.50 | 3,628 | 48,978 | 6,909,746 | Form | |
| 36 | Lu, James FU Bin | Direct | Sell | 12292025 | 13.51 | 43,994 | 594,359 | 6,963,878 | Form | |
| 37 | Lu, James FU Bin | Direct | Sell | 12292025 | 13.80 | 100,000 | 1,380,000 | 7,720,479 | Form | |
| 38 | Zage, George Raymond Iii | Direct | Buy | 12092025 | 13.51 | 50,000 | 675,500 | 109,610,453 | Form | |
| 39 | Zage, George Raymond Iii | Direct | Buy | 12052025 | 13.50 | 80,000 | 1,080,000 | 108,854,320 | Form | |
| 40 | Zage, George Raymond Iii | LLC | Buy | 12052025 | 13.48 | 75,000 | 1,011,000 | 18,676,634 | Form | |
| 41 | Zage, George Raymond Iii | Direct | Buy | 12042025 | 13.56 | 100,000 | 1,356,000 | 108,253,317 | Form | |
| 42 | Zage, George Raymond Iii | LLC | Buy | 12042025 | 12.95 | 100,000 | 1,295,000 | 16,971,066 | Form | |
| 43 | Zage, George Raymond Iii | LLC | Buy | 12022025 | 12.91 | 150,000 | 1,936,500 | 15,627,645 | Form | |
| 44 | Richardson, Nathan | Direct | Sell | 12022025 | 12.70 | 1,500 | 19,050 | 201,079 | Form | |
| 45 | Zage, George Raymond Iii | Direct | Buy | 12022025 | 12.88 | 150,000 | 1,932,000 | 101,536,685 | Form | |
| 46 | Katz, Zachary | GC and Head of Global Affairs | Direct | Sell | 11282025 | 12.52 | 29,383 | 367,875 | 5,773,435 | Form |
| 47 | Richardson, Nathan | Direct | Sell | 11202025 | 13.55 | 1,500 | 20,325 | 234,862 | Form | |
| 48 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11182025 | 13.65 | 75,748 | 1,033,960 | 305,608,035 | Form | |
| 49 | Richardson, Nathan | Direct | Sell | 11182025 | 14.03 | 485 | 6,805 | 264,227 | Form | |
| 50 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11172025 | 14.01 | 4,316 | 60,467 | 314,729,256 | Form | |
| 51 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11172025 | 14.10 | 363,665 | 5,127,676 | 316,811,927 | Form | |
| 52 | Katz, Zachary | GC and Head of Global Affairs | Direct | Sell | 11142025 | 14.39 | 13,781 | 198,309 | 7,058,583 | Form |
| 53 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11132025 | 14.45 | 205,579 | 2,970,617 | 329,931,012 | Form | |
| 54 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11132025 | 14.80 | 291,948 | 4,320,830 | 340,964,990 | Form | |
| 55 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 11132025 | 14.99 | 558,744 | 8,375,573 | 349,718,544 | Form | |
| 56 | Balance, Austin J | Chief Product Officer | Direct | Sell | 11132025 | 15.08 | 34,160 | 515,237 | 7,859,504 | Form |
| 57 | Katz, Zachary | GC and Head of Global Affairs | Direct | Sell | 11052025 | 13.73 | 15,601 | 214,202 | 7,314,493 | Form |
| 58 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10212025 | 13.13 | 250,000 | 3,282,500 | 313,660,824 | Form | |
| 59 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10172025 | 12.66 | 400,000 | 5,064,000 | 305,598,056 | Form | |
| 60 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10172025 | 12.96 | 400,000 | 5,184,000 | 318,023,716 | Form | |
| 61 | Richardson, Nathan | Direct | Sell | 10152025 | 13.50 | 1,000 | 13,500 | 260,793 | Form | |
| 62 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10152025 | 12.95 | 350,000 | 4,533,695 | 323,043,457 | Form | |
| 63 | Katz, Zachary | GC and Head of Global Affairs | Direct | Sell | 10152025 | 12.83 | 7,645 | 98,074 | 7,034,385 | Form |
| 64 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10152025 | 11.94 | 300,000 | 3,582,000 | 301,949,072 | Form | |
| 65 | Lu, James FU Bin | Longview Grindr Holdings Limited | Sell | 10142025 | 13.15 | 1,000,000 | 13,150,000 | 336,493,601 | Form | |
| 66 | Zage, George Raymond Iii | Direct | Buy | 10142025 | 13.15 | 1,000,000 | 13,150,000 | 101,692,671 | Form |
Investor Activity (13F)
Updated Oct 18, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
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