Is the business good?
How good a business is GRND?
Grindr Inc. earns 33% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
33%
Return on invested capital · cost of capital 9.0% · 24 points above what the capital costs: growth creates value
- Operating margin
- 30%
Operating margin · Software - Application median 8.2% · 12 months to Q2 2026
- Cash conversion
- 1.61×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −10%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | 16% |
| FY2022 | 6.7% |
| FY2023 | 21% |
| FY2024 | 27% |
| FY2025 | 29% |
Details›
- Gross margin12 months to Q2 2026
- 75%
- Operating margin12 months to Q2 2026
- 30%
- Net margin12 months to Q2 2026
- 19%
- Free cash flow margin
- 30%
- R&D as % of revenue
- 12%
- Revenue, trailing twelve months
- $510M
- Free cash flow, trailing twelve months
- $154M
- Net income, trailing twelve months
- $96M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 33%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Application
Ranks #35 of 90 by Smart Score