GRND Q2 2024 Earnings — Grindr Inc. Revenue & Financial Results | Market Cap Arena

GRNDGrindr Inc.

$2B

Q2 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$82M+33.8% YoY

Gross Profit

$61M74.5% margin

Operating Income

$25M29.8% margin

Net Income

-$22M-27.2% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$14M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$435M

Total Liabilities

$477M

Stockholders' Equity

-$42M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$82M	$62M	+33.8%
Gross Profit	$61M	$45M	+35.0%
Operating Income	$25M	$14M	+76.3%
Net Income	-$22M	$22M	-200.4%

Revenue Segments

License and Service

$70M85%

Advertising

$12M15%

Geographic Segments

North America

$50M61%

Europe

$20M24%

Other Countries

$13M15%