Tearsheet

Grindr (GRND)


Market Price (12/4/2025): $13.48 | Market Cap: $2.6 Bil
Sector: Information Technology | Industry: Application Software

Grindr (GRND)


Market Price (12/4/2025): $13.48
Market Cap: $2.6 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29%
Weak multi-year price returns
3Y Excs Rtn is -8.2%
Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28%
  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
  
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
  
4 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy. Themes include Social Media Platforms.
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 29%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -26%
4 Megatrend and thematic drivers
Megatrends include Social Media & Creator Economy. Themes include Social Media Platforms.
5 Weak multi-year price returns
3Y Excs Rtn is -8.2%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.9%

Valuation, Metrics & Events

GRND Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points explaining why Grindr's stock (GRND) moved by -13.6% during the approximate period from August 31, 2025, to December 4, 2025:

1. Termination of the Take-Private Bid: The most significant factor contributing to Grindr's stock decline was the decision by its special committee to end negotiations on a non-binding proposal from majority shareholders, George Raymond Zage III and James Lu, to take the company private at $18 per share.

2. Uncertainty over Buyout Financing: The special committee explicitly stated their "inability to obtain satisfactory information about definitive financing" as the reason for halting discussions regarding the take-private offer.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GRND Return---54%89%103%-27%28%
Peers Return13%-2%-7%5%55%836%1483%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
GRND Win Rate-64%75%67%50%30% 
Peers Win Rate13%10%9%30%44%36% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
GRND Max Drawdown---54%0%-8%-33% 
Peers Max Drawdown-5%-4%-8%-15%-8%-51% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ADSK, HIT, BMR, BTTC, CCC.
[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] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventGRNDS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-87.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven684.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to ADSK, HIT, BMR, BTTC, CCC


In The Past

Grindr's stock fell -87.3% during the 2022 Inflation Shock from a high on 11/18/2022. A -87.3% loss requires a 684.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Grindr (GRND)

Better Bets than Grindr (GRND)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to GRND. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%
GRND_10102025_Dip_Buyer_High_CFO_Margins_ExInd_DE10102025GRNDGrindrDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
8.7%8.7%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.9%0.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.8%0.8%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.3%3.3%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.1%5.1%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.0%4.0%0.0%
GRND_10102025_Dip_Buyer_High_CFO_Margins_ExInd_DE10102025GRNDGrindrDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
8.7%8.7%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Grindr

Peers to compare with:

Financials

GRNDADSKHITBMRBTTCCCCMedian
NameGrindr Autodesk Health I.Beamr Im.Black Ti.CCC Inte. 
Mkt Price13.51307.241.292.223.427.565.49
Mkt Cap2.665.40.1---2.6
Rev LTM4126,60527-21,026412
Op Inc LTM1151,5151--06565
FCF LTM1391,8471--255197
FCF 3Y Avg821,704---216216
CFO LTM1461,9254--310228
CFO 3Y Avg871,775---271271

Growth & Margins

GRNDADSKHITBMRBTTCCCCMedian
NameGrindr Autodesk Health I.Beamr Im.Black Ti.CCC Inte. 
Rev Chg LTM29.0%13.8%29.7%--10.6%21.4%
Rev Chg 3Y Avg33.0%11.7%---10.2%11.7%
Rev Chg Q29.6%17.1%86.2%--12.0%23.4%
QoQ Delta Rev Chg LTM6.9%4.1%19.3%--2.9%5.5%
Op Mgn LTM28.0%22.9%5.0%--3.8%6.3%6.3%
Op Mgn 3Y Avg24.3%21.5%---6.9%21.5%
QoQ Delta Op Mgn LTM2.5%0.8%-0.1%---0.1%0.4%
CFO/Rev LTM35.5%29.1%13.5%--30.2%29.7%
CFO/Rev 3Y Avg25.1%30.7%---29.0%29.0%
FCF/Rev LTM33.9%28.0%4.9%--24.9%26.4%
FCF/Rev 3Y Avg23.3%29.5%---23.1%23.3%

Valuation

GRNDADSKHITBMRBTTCCCCMedian
NameGrindr Autodesk Health I.Beamr Im.Black Ti.CCC Inte. 
Mkt Cap2.665.40.1---2.6
P/S6.910.01.8---6.9
P/EBIT-201.746.724.6---24.6
P/E-57.763.235.8---35.8
P/CFO19.534.313.5---19.5
Total Yield-1.7%1.6%2.8%---1.6%
Dividend Yield0.0%0.0%0.0%---0.0%
FCF Yield 3Y Avg3.9%3.3%----3.6%
D/E0.10.00.0---0.0
Net D/E0.10.0-0.2---0.0

Returns

GRNDADSKHITBMRBTTCCCCMedian
NameGrindr Autodesk Health I.Beamr Im.Black Ti.CCC Inte. 
1M Rtn-1.4%1.2%-52.2%-12.3%-3.1%-13.3%-7.7%
3M Rtn-10.6%-3.2%-53.8%-20.1%-14.5%-64.8%-17.3%
6M Rtn-41.3%3.0%104.0%-30.6%-14.5%-64.8%-22.6%
12M Rtn-11.6%2.8%--27.5%4,785.7%-64.8%-11.6%
3Y Rtn114.4%52.8%--3,320.0%-64.8%83.6%
1M Excs Rtn-1.4%1.2%-52.2%-12.2%-3.1%-13.3%-7.7%
3M Excs Rtn-15.9%-9.3%-59.4%-23.1%-19.8%-70.2%-21.5%
6M Excs Rtn-56.1%-11.7%89.3%-45.3%-29.2%-79.6%-37.3%
12M Excs Rtn-24.0%-8.3%--45.7%4,643.1%-78.4%-24.0%
3Y Excs Rtn-8.2%-15.5%--3,299.3%-137.6%-11.9%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity8,777,001
Short Interest: % Change Since 10312025-17.0%
Average Daily Volume2,080,203
Days-to-Cover Short Interest4.22
Basic Shares Quantity189,714,398
Short % of Basic Shares4.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025808202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024307202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024510202410-Q 3/31/2024
12312023311202410-K 12/31/2023
93020231114202310-Q 9/30/2023
6302023814202310-Q 6/30/2023
3312023515202310-Q 3/31/2023
12312022317202310-K 12/31/2022
1231202110192022S-4/A 12/31/2021