GRND Q1 2023 Earnings — Grindr Inc. Revenue & Financial Results | Market Cap Arena

GRNDGrindr Inc.

$2B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$56M+28.2% YoY

Gross Profit

$41M73.5% margin

Operating Income

$9M15.4% margin

Net Income

-$33M-58.9% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$7M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$463M

Total Liabilities

$469M

Stockholders' Equity

-$6M

Cash & Equivalents

$34M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$56M	$44M	+28.2%
Gross Profit	$41M	$32M	+28.8%
Operating Income	$9M	$9M	-2.1%
Net Income	-$33M	$5M	-830.9%

Revenue Segments

North America

$33M60%

Other Countries

$18M33%

Europe

$4M7%

Geographic Segments

North America

$33M60%

Other Countries

$18M33%

Europe

$4M7%