GRND Q1 2024 Earnings — Grindr Inc. Revenue & Financial Results | Market Cap Arena

GRNDGrindr Inc.

$2B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$75M+35.0% YoY

Gross Profit

$56M74.0% margin

Operating Income

$19M25.6% margin

Net Income

-$9M-12.5% margin

EPS (Diluted)

$-0.05

QoQ Revenue Growth

+4.5%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$19M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$438M

Total Liabilities

$460M

Stockholders' Equity

-$22M

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$56M	+35.0%
Gross Profit	$56M	$41M	+35.9%
Operating Income	$19M	$9M	+124.1%
Net Income	-$9M	-$33M	+71.4%

Revenue Segments

License and Service

$64M85%

Advertising

$11M15%

Geographic Segments

North America

$46M60%

Europe

$18M24%

Other Countries

$12M16%