← Grindr Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — $852k ($55.8m) ($131.0m) $94.8m
Net Income (Loss) Attributable to Parent — $23.2m $852k ($55.8m) ($131.0m) $94.8m
Depreciation, Depletion and Amortization — $43.2m $37.5m $27.0m $16.9m $8.9m
Amortization of Debt Issuance Costs — $1.2m $1.3m $1.8m $909k $914k
Amortization of Intangible Assets — — $35.2m $22.2m $12.5m $4.0m
Capitalized Computer Software, Amortization — — $889k $2.5m $3.6m $3.9m
Depreciation — $43.2m $783k $746k $854k $974k
Amortization of debt discount and issuance costs — $1.2m $1.3m $1.8m $909k $914k
Depreciation Amortization Depletion — — $37.5m $27.0m $16.9m $8.9m
Deferred Income Tax Expense (Benefit) — — ($11.2m) ($8.0m) ($5.9m) $2.6m
Deferred income taxes — ($4.3m) ($11.2m) ($8.0m) ($5.9m) $2.6m
Deferred Income Tax — — ($11.2m) ($8.0m) ($5.9m) $2.6m
Deferred Tax — — ($11.2m) ($8.0m) ($5.9m) $2.6m
Share-based Payment Arrangement, Noncash Expense — — $28.4m $15.8m $37.3m $54.5m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — $12.1m $23.8m
Share-based Payment Arrangement, Expense — — $28.6m $15.8m $37.3m $54.5m
Gain (Loss) on Extinguishment of Debt — ($1.5m) $0 ($11.6m) $0 $0
Income Tax Expense (Benefit) — $0 ($859k) $4.0m $12.7m $23.9m
Other Nonoperating Income (Expense) — — ($2.8m) $85k ($715k) $63k
Loss on extinguishment of debt related to 2020 Credit Agreement — ($1.5m) $0 $11.6m $0 $0
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — $4.8m $11.9m $15.0m $18.3m
Increase (Decrease) in Accounts Payable — — $1.8m ($713k) ($461k) ($1.9m)
Accounts Receivable, Credit Loss Expense (Reversal) — — $282k $421k ($718k) ($24k)
Proceeds from Stock Options Exercised — $1.4m $2.0m $2.7m $4.0m $1.7m
Purchases of property and equipment, accrued but unpaid — $269k $430k $509k $945k $746k
Goodwill — — $275.7m $275.7m $275.7m $275.7m
Investment Income, Interest — $85k — — — —
Nonoperating Income (Expense) — $25.0m ($13.0m) ($107.2m) ($210.9m) ($7.7m)
Operating Expenses — $1.8m — — — —
Payments for Repurchase of Warrants — — — — — $58k
Stock-based compensation — $2.6m $28.4m $15.8m $37.3m $54.5m
(Gain) loss in fair value of warrant liability — ($24.9m) ($21.3m) $49.7m $184.6m ($9.9m)
Interest income on promissory note from member — ($2.0m) ($2.8m) ($282k) $0 $0
Provision for expected credit losses — $53k $282k $421k ($718k) ($24k)
Non-cash lease expense — $0 $1.1m $1.1m $1.8m $3.0m
Accounts receivable — ($6.1m) ($4.8m) ($11.9m) ($15.0m) ($18.3m)
Prepaid expenses and deferred charges — ($1.8m) ($4.4m) $3.4m $1.3m ($3.2m)
Other current assets — ($3.3m) $2.6m ($1.7m) $734k $405k
Other assets — $37k $20k ($350k) ($296k) ($241k)
Accounts payable — $1.8m $1.8m ($713k) ($461k) ($1.9m)
Accrued expenses and other current liabilities — ($7.5m) $10.2m $4.7m $6.8m $9.2m
Deferred revenue — $6.5m ($1.5m) $595k $789k $4.3m
Lease liability — $0 ($2.0m) ($1.4m) ($2.7m) ($3.3m)
Other liabilities — ($720k) $615k ($11k) $11k ($167k)
Additions to capitalized software development costs — — — ($3.7m) ($4.4m) ($7.9m)
Proceeds from the exercise of stock options — $1.4m $2.0m $2.7m $4.0m $1.7m
Proceeds from the exercise of warrants — — — $0 $1k $314.1m
Payment for redemption of warrants — — — $0 $0 ($58k)
Payment for the purchase of equity instruments — — — $0 $0 ($50.0m)
Transaction costs paid in connection with the Business Combination — $0 ($28.5m) ($1.2m) $0 $0
Proceeds from the repayment of promissory note to a member including interest — $0 $0 $19.4m $0 $0
Capitalized software development costs accrued but not paid — — — $0 $232k $576k
Beginning Cash Position — — $17.2m $10.1m $29.0m $59.8m
Cash Flow From Continuing Financing Activities — — ($52.1m) ($13.0m) ($58.9m) ($105.0m)
Cash Flow From Continuing Investing Activities — — ($5.6m) ($4.2m) ($5.3m) ($8.6m)
Change In Account Payable — — $1.8m ($713k) ($461k) ($1.9m)
Change In Accrued Expense — — $10.2m $4.7m $6.8m $9.2m
Change In Other Current Assets — — $2.6m ($2.0m) $438k $164k
Change In Other Current Liabilities — — ($1.4m) ($1.4m) ($2.7m) ($3.4m)
Change In Other Working Capital — — ($1.5m) $595k $789k $4.3m
Change In Payable — — $1.8m ($713k) ($461k) ($1.9m)
Change In Payables And Accrued Expense — — $12.0m $3.9m $6.4m $7.3m
Change In Prepaid Assets — — ($4.4m) $3.4m $1.3m ($3.2m)
Change In Receivables — — ($4.8m) ($11.9m) ($15.0m) ($18.3m)
Change In Working Capital — — $2.5m ($7.3m) ($8.8m) ($13.2m)
Changes In Account Receivables — — ($4.8m) ($11.9m) ($15.0m) ($18.3m)
Changes In Cash — — ($7.1m) $18.9m $30.8m $27.9m
End Cash Position — — $10.1m $29.0m $59.8m $87.7m
Financing Cash Flow — — ($52.1m) ($13.0m) ($58.9m) ($105.0m)
Free Cash Flow — — $45.1m $31.9m $89.6m $132.9m
Gain Loss On Investment Securities — — ($19.0m) $49.7m $184.6m ($9.9m)
Gain Loss On Sale Of Business — $0 $11.9m $0 — —
Investing Cash Flow — — ($5.6m) ($4.2m) ($5.3m) ($8.6m)
Issuance Of Capital Stock — $0 $5.2m $0 — —
Net PPE Purchase And Sale — — ($430k) ($509k) ($945k) ($746k)
Operating Gains Losses — — ($7.1m) $61.3m $184.6m ($9.9m)
Other Non Cash Items — — ($511k) $2.7m $2.7m $3.9m
Proceeds From Stock Option Exercised — — $102.0m $2.7m $4.0m $315.8m
Provisionand Write Offof Assets — — $282k $421k ($718k) ($24k)
Purchase Of PPE — — ($430k) ($509k) ($945k) ($746k)
Repurchase Of Capital Stock — — — $0 $0 ($450.5m)
Net Cash Provided by (Used in) Operating Activities ($345k) ($1.1m) $50.6m $36.1m $95.0m $141.5m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — ($269k) $430k $509k $945k $746k
Capital Expenditure Reported — — ($5.2m) ($3.7m) ($4.4m) ($7.9m)
Net Cash Provided by (Used in) Investing Activities — ($5.5m) ($5.6m) ($4.2m) ($5.3m) ($8.6m)
Cash flows from financing activities:
Proceeds from issuance of debt — $0 $230.8m $344.4m $0 $415.0m
Payment of debt issuance costs — ($960k) ($5.1m) ($4.5m) $0 ($2.9m)
Issuance Of Debt — — $230.8m $363.8m $0 $415.0m
Long Term Debt Issuance — — $230.8m $344.4m $0 $415.0m
Net Issuance Payments Of Debt — — $225.5m ($3.7m) ($50.8m) $106.4m
Net Long Term Debt Issuance — — $225.5m ($23.1m) ($50.8m) $106.4m
Net Short Term Debt Issuance — — $0 $19.4m $0 $0
Short Term Debt Issuance — — $0 $19.4m $0 $0
Principal payments on debt — ($56.6m) ($3.5m) ($367.5m) ($50.8m) ($308.6m)
Payment of early termination fee related to the extinguishment of debt — — $0 ($6.3m) $0 $0
Long Term Debt Payments — — ($5.3m) ($367.5m) ($50.8m) ($308.6m)
Repayment Of Debt — — ($5.3m) ($367.5m) ($50.8m) ($308.6m)
Proceeds from Issuance of Common Stock — — $5.2m $0 $4.2m $9.2m
Issuance of common stock for the settlement of certain market condition liability-classified equity awards — — — $0 $4.2m $9.2m
Issuance of common stock for the settlement of KPI Awards — — — $0 $2.4m $3.6m
Issuance of common stock for the cashless exercise of warrants — — — $0 $0 $63.0m
Issuance of common stock for the exercise of warrants — — — $0 $0 $179.2m
Common Stock Issuance — $0 $5.2m $0 — —
Net Common Stock Issuance — — $5.2m $0 $0 ($450.5m)
Payments for Repurchase of Common Stock — — — $0 $0 $450.5m
Repurchases of common stock under the stock repurchase program — — — $0 $0 ($450.5m)
Common Stock Payments — — — $0 $0 ($450.5m)
Dividends Payable — — — $0 — —
Cash Dividends Paid — $0 ($196.3m) $0 — —
Net Other Financing Charges — — ($188.6m) ($12.0m) ($12.1m) ($76.7m)
Net Cash Provided by (Used in) Financing Activities — $5.5m ($52.1m) ($13.0m) ($58.9m) ($105.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($25.6m) ($7.1m) $18.9m $30.8m $27.9m
Net increase in cash, cash equivalents and restricted cash — ($25.6m) ($7.1m) $18.9m $30.8m $27.9m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $1.1m $17k $10.1m $29.0m $59.8m $87.7m
Cash, cash equivalents and restricted cash, beginning of the period $1.1m $17k $10.1m $29.0m $59.8m $87.7m
Cash and cash equivalents — $15.8m $8.7m $27.6m $59.2m $87.0m
Restricted cash — $1.4m $1.4m $1.4m $605k $605k
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — ($7.1m) $18.9m $30.8m $27.9m
Interest Paid, Excluding Capitalized Interest, Operating Activities — $22.8m $18.1m $47.9m $26.0m $20.1m
Income Taxes Paid, Net — $9.5m $2.2m $17.7m $17.4m $21.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.