Grindr Inc

Company Profile

Grindr Inc had its IPO on 2021-01-14 under the ticker symbol GRND.

The company operates in the Technology sector and Software-Application industry. Grindr Inc has a staff strength of 174 employees.

Stock update

Shares of Grindr Inc opened at $5.93 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $5.77 - $5.97, and closed at $5.83.

This is a -2.02% slip from the previous day's closing price.

A total volume of 125,401 shares were traded at the close of the day’s session.

In the last one week, shares of Grindr Inc have increased by +13.42%.

Grindr Inc's Key Ratios

Grindr Inc has a market cap of $894.70 million, indicating a price to book ratio of 5.3827 and a price to sales ratio of 5.6592.

In the last 12-months Grindr Inc’s revenue was $222.28 million with a gross profit of $143.74 million and an EBITDA of $71.64 million. The EBITDA ratio measures Grindr Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Grindr Inc’s operating margin was 16.97% while its return on assets stood at 5.29% with a return of equity of -9.09%.

In Q2, Grindr Inc’s quarterly earnings growth was a negative -12% while revenue growth was a positive 32.2%.

Grindr Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.05 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Grindr Inc’s profitability.

Grindr Inc stock is trading at a EV to sales ratio of 7.1073 and a EV to EBITDA ratio of 19.4151. Its price to sales ratio in the trailing 12-months stood at 5.6592.

Grindr Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$444.71 million

Total Liabilities

$65.83 million

Operating Cash Flow

$-1082000.00

Capital Expenditure

$1.08 million

Dividend Payout Ratio

0%

Grindr Inc ended 2024 with $444.71 million in total assets and $0 in total liabilities. Its intangible assets were valued at $444.71 million while shareholder equity stood at $-15611000.00.

Grindr Inc ended 2024 with $7.62 million in deferred long-term liabilities, $65.83 million in other current liabilities, 17000.00 in common stock, $-15611000.00 in retained earnings and $275.70 million in goodwill. Its cash balance stood at $22.09 million and cash and short-term investments were $22.09 million. The company’s total short-term debt was $23,525,000 while long-term debt stood at $320.55 million.

Grindr Inc’s total current assets stands at $63.02 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $30.75 million compared to accounts payable of $3.29 million and inventory worth $9.77 million.

In 2024, Grindr Inc's operating cash flow was $-1082000.00 while its capital expenditure stood at $1.08 million.

Comparatively, Grindr Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$5.83

52-Week High

$36.5

52-Week Low

$4.49

Analyst Target Price

$

Grindr Inc stock is currently trading at $5.83 per share. It touched a 52-week high of $36.5 and a 52-week low of $36.5. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $5.53 and 200-day moving average was $5.93 The short ratio stood at 4.1 indicating a short percent outstanding of 0%.

Around 9195.9% of the company’s stock are held by insiders while 604.6% are held by institutions.