Grindr (GRND)


Market Price (7/19/2026): $15.27 | Market Cap: $2.8 BilSector: Information Technology | Industry: Application Software

Grindr (GRND)


Market Price (7/19/2026): $15.27
Market Cap: $2.8 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%

Attractive yield
FCF Yield is 5.1%

Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy. Themes include Social Media Platforms.

Weak multi-year price returns
2Y Excs Rtn is -6.7%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%

Key risks
GRND 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.

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%
3 Attractive yield
FCF Yield is 5.1%
4 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy. Themes include Social Media Platforms.
5 Weak multi-year price returns
2Y Excs Rtn is -6.7%
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 12%
7 Key risks
GRND 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.

GRND in ETFs

Weight = GRND's share of each fund

VTI0.00%
ITOT0.00%
IWM0.01%
DFAS0.03%
IWO0.03%
SCHA0.01%
VTWO0.01%
DFAC0.00%
+2 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/1/2026

Grindr (GRND) stock has gained about 25% since 3/31/2026 because of the following key factors:

1. Strong Q1 2026 Earnings Beat and Raised Full-Year Guidance. Grindr reported robust financial results for fiscal Q1 2026 (ended March 31, 2026), with revenue increasing 38% year-over-year to $130 million, surpassing analyst expectations. The company also reported an Earnings Per Share (EPS) of $0.14, exceeding the consensus estimate of $0.13. This strong performance led Grindr to raise its full-year 2026 outlook, projecting revenue of at least $535 million and Adjusted EBITDA of at least $227 million, indicating continued growth prospects.

2. Analyst Upgrade Highlighting Monetization Potential. Morgan Stanley upgraded Grindr's stock rating from "equal-weight" to "overweight" on July 1, 2026, setting a new price target of $18. This upgrade, which implies a 25% increase from the prior closing price, was driven by the firm's belief in Grindr's strong monetization potential, particularly through an ultra-premium subscription model and the exploration of a direct-to-consumer telehealth brand.

Show more
Updated on 7/1/2026

Grindr (GRND) stock has gained about 25% since 3/31/2026 because of the following key factors:

1. Strong Q1 2026 Earnings Beat and Raised Full-Year Guidance. Grindr reported robust financial results for fiscal Q1 2026 (ended March 31, 2026), with revenue increasing 38% year-over-year to $130 million, surpassing analyst expectations. The company also reported an Earnings Per Share (EPS) of $0.14, exceeding the consensus estimate of $0.13. This strong performance led Grindr to raise its full-year 2026 outlook, projecting revenue of at least $535 million and Adjusted EBITDA of at least $227 million, indicating continued growth prospects.

2. Analyst Upgrade Highlighting Monetization Potential. Morgan Stanley upgraded Grindr's stock rating from "equal-weight" to "overweight" on July 1, 2026, setting a new price target of $18. This upgrade, which implies a 25% increase from the prior closing price, was driven by the firm's belief in Grindr's strong monetization potential, particularly through an ultra-premium subscription model and the exploration of a direct-to-consumer telehealth brand.

3. Strategic Leadership Appointment and Equity Alignment. On June 23, 2026, Grindr announced the appointment of its CEO, George Arison, to the additional role of Chairman of the Board. Concurrently, Arison received an equity award of 2,250,000 Restricted Stock Units (RSUs), which will vest in six equal semi-annual installments from April 2028 through October 2030. This move signals stability in leadership and aligns the CEO's long-term incentives with shareholder value.

4. Ongoing Share Repurchase Program. Grindr demonstrated its commitment to returning value to shareholders through its share repurchase program. In fiscal Q1 2026, the company retired 8.3 million shares and still has approximately $350 million remaining under its existing buyback authorization. This program can enhance shareholder value by reducing the number of outstanding shares and potentially boosting EPS.

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Stock Movement Drivers

Fundamental Drivers

The 26.2% change in GRND stock from 3/31/2026 to 7/18/2026 was primarily driven by a 25.6% change in the company's P/E Multiple.
(LTM values as of)33120267182026Change
Stock Price ($)12.0915.2626.2%
Change Contribution By: 
Total Revenues ($ Mil)4404768.2%
Net Income Margin (%)21.5%19.9%-7.8%
P/E Multiple23.629.625.6%
Shares Outstanding (Mil)1851830.8%
Cumulative Contribution26.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/18/2026
ReturnCorrelation
GRND26.2% 
Market (SPY)14.3%11.4%
Sector (XLK)32.1%3.8%

Fundamental Drivers

The 12.7% change in GRND stock from 12/31/2025 to 7/18/2026 was primarily driven by a 15.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)123120257182026Change
Stock Price ($)13.5415.2612.7%
Change Contribution By: 
Total Revenues ($ Mil)41247615.6%
P/S Multiple6.25.9-5.8%
Shares Outstanding (Mil)1901833.5%
Cumulative Contribution12.7%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/18/2026
ReturnCorrelation
GRND12.7% 
Market (SPY)9.3%17.3%
Sector (XLK)22.1%13.4%

Fundamental Drivers

The -32.8% change in GRND stock from 6/30/2025 to 7/18/2026 was primarily driven by a -50.4% change in the company's P/S Multiple.
(LTM values as of)63020257182026Change
Stock Price ($)22.7015.26-32.8%
Change Contribution By: 
Total Revenues ($ Mil)36347631.0%
P/S Multiple11.95.9-50.4%
Shares Outstanding (Mil)1901833.5%
Cumulative Contribution-32.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/18/2026
ReturnCorrelation
GRND-32.8% 
Market (SPY)21.3%14.9%
Sector (XLK)39.2%13.1%

Fundamental Drivers

The 175.9% change in GRND stock from 6/30/2023 to 7/18/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.
(LTM values as of)63020237182026Change
Stock Price ($)5.5315.26175.9%
Change Contribution By: 
Total Revenues ($ Mil)4760.0%
Net Income Margin (%)19.9%0.0%
P/E Multiple29.60.0%
Shares Outstanding (Mil)174183-5.3%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/18/2026
ReturnCorrelation
GRND175.9% 
Market (SPY)73.6%24.2%
Sector (XLK)105.8%21.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GRND Return-5%-54%89%103%-24%16%48%
Peers Return-8%-34%-15%89%-46%-29%-63%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
GRND Win Rate67%75%67%50%33%71% 
Peers Win Rate50%25%52%78%53%30% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
GRND Max Drawdown--87%-35%-16%-52%-29% 
Peers Max Drawdown-27%-42%-17%-55%-62%-46% 
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, HODO, QNT.
[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 7/17/2026 (YTD)

How Low Can It Go

EventGRNDS&P 500
2025 US Tariff Shock
  % Loss-16.3%-18.8%
  % Gain to Breakeven19.5%23.1%
  Time to Breakeven17 days79 days
2024 Yen Carry Trade Unwind
  % Loss-10.9%-7.8%
  % Gain to Breakeven12.2%8.5%
  Time to Breakeven11 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.4%-9.5%
  % Gain to Breakeven22.6%10.5%
  Time to Breakeven24 days24 days
2023 SVB Regional Banking Crisis
  % Loss-13.8%-6.7%
  % Gain to Breakeven16.0%7.1%
  Time to Breakeven79 days31 days

Compare to ADSK, HIT, BMR, HODO, QNT

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.

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Compare to ADSK, HIT, BMR, HODO, QNT

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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AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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.

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AI Analysis | Feedback

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Key Risks to Grindr (GRND)

  • 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.

  • 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.

  • 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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AI Analysis | Feedback

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AI Analysis | Feedback

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:

  • 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.

  • 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.

AI Analysis | Feedback

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.

Better Bets vs. Grindr (GRND)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GRNDADSKHITBMRHODOQNTMedian
NameGrindr Autodesk Health I.Beamr Im.House of.Quantinu. 
Mkt Price15.26218.351.131.231.1556.078.24
Mkt Cap2.846.10.1---2.8
Rev LTM4767,50734---476
Op Inc LTM1442,027-1---144
FCF LTM1422,694-4---142
FCF 3Y Avg931,764-1---93
CFO LTM1512,781-1---151
CFO 3Y Avg991,8471---99

Growth & Margins

GRNDADSKHITBMRHODOQNTMedian
NameGrindr Autodesk Health I.Beamr Im.House of.Quantinu. 
Rev Chg LTM31.0%18.3%52.3%---31.0%
Rev Chg 3Y Avg31.9%13.8%----22.9%
Rev Chg Q38.3%18.4%9.4%---18.4%
QoQ Delta Rev Chg LTM8.2%4.2%2.3%---4.2%
Op Inc Chg LTM45.5%44.0%-197.6%---44.0%
Op Inc Chg 3Y Avg169.8%27.4%----98.6%
Op Mgn LTM30.2%27.0%-3.3%---27.0%
Op Mgn 3Y Avg27.0%23.5%5.0%---23.5%
QoQ Delta Op Mgn LTM1.5%2.1%-7.8%---1.5%
CFO/Rev LTM31.8%37.0%-2.1%---31.8%
CFO/Rev 3Y Avg25.4%27.6%4.9%---25.4%
FCF/Rev LTM29.8%35.9%-10.4%---29.8%
FCF/Rev 3Y Avg23.8%26.3%-1.5%---23.8%

Valuation

GRNDADSKHITBMRHODOQNTMedian
NameGrindr Autodesk Health I.Beamr Im.House of.Quantinu. 
Mkt Cap2.846.10.1---2.8
P/S5.96.11.9---5.9
P/Op Inc19.522.7-58.4---19.5
P/EBIT19.522.7-55.5---19.5
P/E29.631.5-80.2---29.6
P/CFO18.516.6-90.9---16.6
Total Yield3.4%3.2%-1.2%---3.2%
Dividend Yield0.0%0.0%0.0%---0.0%
FCF Yield 3Y Avg3.9%3.3%----3.6%
D/E0.10.10.0---0.1
Net D/E0.1-0.0-0.2----0.0

Returns

GRNDADSKHITBMRHODOQNTMedian
NameGrindr Autodesk Health I.Beamr Im.House of.Quantinu. 
1M Rtn14.3%12.7%4.6%-25.9%-54.7%-19.7%-7.5%
3M Rtn15.7%-9.8%-24.7%-32.8%-54.7%-7.1%-17.2%
6M Rtn25.7%-17.8%-21.0%-35.6%-54.7%-7.1%-19.4%
12M Rtn-23.4%-26.5%-2.6%-65.5%-54.7%-7.1%-24.9%
3Y Rtn163.6%-0.3%-77.8%-54.8%-54.7%-7.1%-30.9%
1M Excs Rtn14.9%9.1%6.3%-23.8%-54.0%1.9%4.1%
3M Excs Rtn12.0%-16.1%-27.4%-37.6%-60.6%-13.1%-21.8%
6M Excs Rtn12.5%-24.1%-28.4%-44.6%-62.4%-14.8%-26.2%
12M Excs Rtn-47.0%-43.6%-16.3%-79.9%-73.8%-26.2%-45.3%
3Y Excs Rtn102.4%-65.4%-144.6%-119.3%-121.5%-73.9%-96.6%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment440345260195146
Total440345260195146


Operating Income by Segment
$ Mil202520242023
Single Segment1269355
Total1269355


Net Income by Segment
$ Mil202520242023
Single Segment95-131-56
Total95-131-56


Price Behavior

Price Behavior
Market Price$15.26 
Market Cap ($ Bil)2.8 
First Trading Date01/14/2021 
Distance from 52W High-23.4% 
   50 Days200 Days
DMA Price$13.78$12.99
DMA Trenddownup
Distance from DMA10.7%17.4%
 3M1YR
Volatility51.6%50.3%
Downside Capture-28.72100.50
Upside Capture43.2847.76
Correlation (SPY)11.3%15.2%
GRND Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.220.400.280.550.620.75
Up Beta2.452.070.390.510.420.58
Down Beta-0.17-0.24-0.280.060.280.76
Up Capture61%37%53%70%33%87%
Bmk +ve Days11244067140429
Stock +ve Days13223361110372
Down Capture-100%-7%18%77%115%91%
Bmk -ve Days10172358112321
Stock -ve Days8192962137359

[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-28.1%50.5%-0.49-
Sector ETF (XLK)36.5%24.6%1.2112.7%
Equity (SPY)20.2%12.6%1.1815.1%
Gold (GLD)19.6%28.0%0.633.0%
Commodities (DBC)30.0%19.0%1.25-0.8%
Real Estate (VNQ)15.7%14.0%0.817.2%
Bitcoin (BTCUSD)-46.3%42.8%-1.3318.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRND
GRND8.7%109.2%0.36-
Sector ETF (XLK)19.2%25.5%0.677.2%
Equity (SPY)12.8%17.1%0.578.2%
Gold (GLD)16.9%18.4%0.740.2%
Commodities (DBC)8.7%19.5%0.34-0.7%
Real Estate (VNQ)2.9%18.9%0.058.7%
Bitcoin (BTCUSD)13.6%53.5%0.444.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GRND
GRND3.6%104.3%0.34-
Sector ETF (XLK)24.5%24.8%0.907.3%
Equity (SPY)15.3%17.9%0.738.3%
Gold (GLD)11.0%16.1%0.550.3%
Commodities (DBC)7.0%17.9%0.31-0.5%
Real Estate (VNQ)5.3%20.7%0.228.6%
Bitcoin (BTCUSD)58.5%66.2%0.994.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity6.9 Mil
Short Interest: % Change Since 6152026-17.3%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest4.0 days
Basic Shares Quantity183.3 Mil
Short % of Basic Shares3.8%

Returns Analyses

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20269.3%0.3%-20.1%
2/26/2026-2.8%-0.7%6.2%
11/6/202511.0%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%
11/7/20241.6%-3.0%4.9%
8/8/20248.5%9.0%10.6%
...
SUMMARY STATS   
# Positive766
# Negative899
Median Positive8.5%11.1%16.7%
Median Negative-4.2%-8.3%-12.4%
Max Positive15.7%16.8%41.8%
Max Negative-16.0%-11.7%-23.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20269.3%0.3%-20.1%
2/26/2026-2.8%-0.7%6.2%
11/6/202511.0%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%
11/7/20241.6%-3.0%4.9%
8/8/20248.5%9.0%10.6%
5/9/2024-4.2%-9.3%-13.8%
3/7/20247.3%13.3%22.8%
11/13/202315.7%14.5%41.8%
8/14/20238.5%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   
# Positive766
# Negative899
Median Positive8.5%11.1%16.7%
Median Negative-4.2%-8.3%-12.4%
Max Positive15.7%16.8%41.8%
Max Negative-16.0%-11.7%-23.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/02/202610-K
09/30/202511/06/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/10/202410-Q
12/31/202303/11/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/17/202310-K
06/30/202210/19/2022S-4/A
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/08/202610-Q
12/31/202503/02/202610-K
09/30/202511/06/202510-Q
06/30/202508/08/202510-Q
03/31/202505/09/202510-Q
12/31/202403/07/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/10/202410-Q
12/31/202303/11/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/17/202310-K
06/30/202210/19/2022S-4/A

Recent Forward Guidance

Updated 7/12/2026

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue 535.00 Mil 1.3% RaisedGuidance: 528.00 Mil for 2026
2026 Adjusted EBITDA 227.00 Mil 4.6% RaisedGuidance: 217.00 Mil for 2026

Prior: Q4 2025 Earnings Reported 2/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue 528.00 Mil    
2026 Adjusted EBITDA 217.00 Mil 13.0% Higher NewGuidance: 192.00 Mil for 2025

Insider Activity

Updated 7/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Katz, ZacharyCLO and Head of Global AffairsDirectSell702202616.2812,800208,38411,612,898Form
2Katz, ZacharyCLO and Head of Global AffairsDirectSell630202614.6512,799187,50510,637,702Form
3Katz, ZacharyCLO and Head of Global AffairsDirectSell622202613.2910,172135,1869,820,273Form
4Richardson, NathanDirectSell603202612.591,50018,88586,027Form
5Balance, Austin JChief Product OfficerDirectSell512202615.0031,615474,31713,703,499Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Katz, ZacharyCLO and Head of Global AffairsDirectSell702202616.2812,800208,38411,612,898Form
2Katz, ZacharyCLO and Head of Global AffairsDirectSell630202614.6512,799187,50510,637,702Form
3Katz, ZacharyCLO and Head of Global AffairsDirectSell622202613.2910,172135,1869,820,273Form
4Richardson, NathanDirectSell603202612.591,50018,88586,027Form
5Balance, Austin JChief Product OfficerDirectSell512202615.0031,615474,31713,703,499Form
6Richardson, NathanDirectSell505202613.511,50020,265112,579Form
7Richardson, NathanDirectSell403202612.171,50018,255119,668Form
8Richardson, NathanDirectSell304202611.271,50016,905127,723Form
9Lu, James FU Bin Longview Grindr Holdings LimitedSell206202610.01475,0004,754,750184,505,331Form
10Lu, James FU Bin Longview Grindr Holdings LimitedSell206202610.07600,0006,042,000190,394,507Form
11Lu, James FU Bin Longview Grindr Holdings LimitedSell206202610.13375,0003,798,750197,606,933Form
12Lu, James FU Bin Longview Grindr Holdings LimitedSell203202610.73234,3392,514,457213,334,944Form
13Lu, James FU Bin Longview Grindr Holdings LimitedSell203202611.14178,4271,987,677224,097,142Form
14Lu, James FU Bin Longview Grindr Holdings LimitedSell203202611.27200,0002,254,000228,723,151Form
15Lu, James FU Bin Longview Grindr Holdings LimitedSell127202611.74200,0002,348,000240,609,739Form
16Lu, James FU Bin Longview Grindr Holdings LimitedSell127202611.97239,0002,860,830247,717,558Form
17Lu, James FU Bin Longview Grindr Holdings LimitedSell127202611.90200,0002,380,000249,113,017Form
18Lu, James FU Bin Longview Grindr Holdings LimitedSell122202611.98200,0002,396,000253,183,727Form
19Lu, James FU Bin Longview Grindr Holdings LimitedSell122202611.99200,0002,398,000255,793,065Form
20Lu, James FU Bin Longview Grindr Holdings LimitedSell122202612.06200,0002,412,000259,698,436Form
21Lu, James FU Bin DirectSell113202613.23112,3681,486,62958,940Form
22Lu, James FU Bin DirectSell113202613.22302,9394,004,8541,544,400Form
23Richardson, NathanDirectSell106202613.661,50020,490195,789Form
24Lu, James FU Bin DirectSell1230202513.503,62848,9786,909,746Form
25Lu, James FU Bin DirectSell1229202513.5143,994594,3596,963,878Form
26Lu, James FU Bin DirectSell1229202513.80100,0001,380,0007,720,479Form
27Zage, George Raymond IiiDirectBuy1209202513.5150,000675,500109,610,453Form
28Zage, George Raymond IiiDirectBuy1205202513.5080,0001,080,000108,854,320Form
29Zage, George Raymond IiiLLCBuy1205202513.4875,0001,011,00018,676,634Form
30Zage, George Raymond IiiDirectBuy1204202513.56100,0001,356,000108,253,317Form
31Zage, George Raymond IiiLLCBuy1204202512.95100,0001,295,00016,971,066Form
32Zage, George Raymond IiiLLCBuy1202202512.91150,0001,936,50015,627,645Form
33Richardson, NathanDirectSell1202202512.701,50019,050201,079Form
34Zage, George Raymond IiiDirectBuy1202202512.88150,0001,932,000101,536,685Form
35Katz, ZacharyGC and Head of Global AffairsDirectSell1128202512.5229,383367,8755,773,435Form
36Richardson, NathanDirectSell1120202513.551,50020,325234,862Form
37Lu, James FU Bin Longview Grindr Holdings LimitedSell1118202513.6575,7481,033,960305,608,035Form
38Richardson, NathanDirectSell1118202514.034856,805264,227Form
39Lu, James FU Bin Longview Grindr Holdings LimitedSell1117202514.014,31660,467314,729,256Form
40Lu, James FU Bin Longview Grindr Holdings LimitedSell1117202514.10363,6655,127,676316,811,927Form
41Katz, ZacharyGC and Head of Global AffairsDirectSell1114202514.3913,781198,3097,058,583Form
42Lu, James FU Bin Longview Grindr Holdings LimitedSell1113202514.45205,5792,970,617329,931,012Form
43Lu, James FU Bin Longview Grindr Holdings LimitedSell1113202514.80291,9484,320,830340,964,990Form
44Lu, James FU Bin Longview Grindr Holdings LimitedSell1113202514.99558,7448,375,573349,718,544Form
45Balance, Austin JChief Product OfficerDirectSell1113202515.0834,160515,2377,859,504Form
46Katz, ZacharyGC and Head of Global AffairsDirectSell1105202513.7315,601214,2027,314,493Form
47Lu, James FU BinLongview Grindr Holdings LimitedSell1021202513.13250,0003,282,500313,660,824Form
48Lu, James FU BinLongview Grindr Holdings LimitedSell1017202512.66400,0005,064,000305,598,056Form
49Lu, James FU BinLongview Grindr Holdings LimitedSell1017202512.96400,0005,184,000318,023,716Form
50Richardson, NathanDirectSell1015202513.501,00013,500260,793Form
51Lu, James FU BinLongview Grindr Holdings LimitedSell1015202512.95350,0004,533,695323,043,457Form
52Katz, ZacharyGC and Head of Global AffairsDirectSell1015202512.837,64598,0747,034,385Form
53Lu, James FU BinLongview Grindr Holdings LimitedSell1015202511.94300,0003,582,000301,949,072Form
54Lu, James FU BinLongview Grindr Holdings LimitedSell1014202513.151,000,00013,150,000336,493,601Form
55Zage, George Raymond IiiDirectBuy1014202513.151,000,00013,150,000101,692,671Form
56Richardson, NathanDirectSell917202516.191,00016,190328,948Form
57Katz, ZacharyGC and Head of Global AffairsDirectSell917202515.647,644119,5528,695,590Form
58Zage, George Raymond Iii DirectBuy82520255.5010,00055,00030,030,000Form
59Zage, George Raymond Iii DirectBuy82520255.4530,000163,50029,702,500Form
60Zage, George Raymond Iii DirectBuy82520255.4330,000162,90029,430,600Form
61Zage, George Raymond Iii DirectBuy82520255.2230,000156,60028,135,800Form
62Richardson, NathanDirectSell818202516.271,00016,270346,844Form
63Mehta-Krantz, VandanaChief Financial OfficerDirectSell813202516.8943,565736,00911,624,208Form
64Katz, ZacharyGC and Head of Global AffairsDirectSell728202519.2514,693282,84011,455,906Form
65Richardson, NathanDirectSell716202521.261,00021,260300,319Form
66Katz, ZacharyGC and Head of Global AffairsDirectSell708202522.4814,692330,27613,708,416Form

Investor Activity (13F)

Updated Jul 19, 2026
13F 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 ManagerValue% of PortfolioTotal PositionsQoQFiling
Tikvah Management LLC$16.4 Mil5.1%21ADD +67.3%13F
BWCP, LP$18.9 Mil2.9%27ADD +46.8%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Tikvah Management LLC$16.4 Mil5.1%21ADD +67.3%13F
BWCP, LP$18.9 Mil2.9%27ADD +46.8%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
BWCP, LP$18.9 Mil2.9%27ADD +46.8%13F
Tikvah Management LLC$16.4 Mil5.1%21ADD +67.3%13F
Core Cache Last Updated: 7/18/2026