Grindr Inc.

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $145.8m $195.0m $259.7m $344.6m $439.9m
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization $37.4m $51.3m $67.5m $87.6m $112.6m
Cost of revenue (exclusive of depreciation and amortization shown separately below) $37.4m $51.3m $67.5m $87.6m $112.6m
Operating Expenses $1.8m
Total operating expenses $122.1m $182.0m $204.2m $252.0m $313.6m
Operating Income (Loss) ($1.8m) $13.0m $55.4m $92.6m $126.3m
Additional Financial Items
Amortization of Intangible Assets $35.2m $22.2m $12.5m $4.0m
Capitalized Computer Software, Amortization $889k $2.5m $3.6m $3.9m
Income (Loss) from Continuing Operations before Income Taxes, Domestic ($36k) ($51.6m) ($118.3m) $118.6m
Investment Income, Interest $85k
Depreciation and amortization $43.2m $37.5m $27.0m $16.9m $8.9m
Loss on extinguishment of debt $0 $11.6m $0 $0
Gain (loss) in fair value of warrant liability $21.3m ($49.7m) ($184.6m) $9.9m
Income tax provision $1.2m ($859k) $4.0m $12.7m $23.9m
Basic (in shares) $34.5m $157.9m $174.2m $175.9m $190.1m
Diluted (in shares) $34.5m $159.2m $174.2m $175.9m $195.2m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $6.3m ($7k) ($51.7m) ($118.3m) $118.6m
Net income (loss) before income tax $6.3m ($7k) ($51.7m) ($118.3m) $118.6m
Net Income (Loss) Attributable to Parent $23.2m $852k ($55.8m) ($131.0m) $94.8m
Earnings Per Share, Basic $1.34 $0.01 ($0.32) ($0.74) $0.45
Earnings Per Share, Diluted $1.34 $0.01 ($0.32) ($0.74) $0.43
Weighted Average Number of Shares Outstanding, Basic $34.5m 157.9m 174.2m 175.9m 190.1m
Weighted Average Number of Shares Outstanding, Diluted $34.5m 159.2m 174.2m 175.9m 195.2m
Other income (expense):
Research and Development Expense $10.9m $17.9m $29.3m $32.8m $48.9m
Selling, General and Administrative Expense $30.6m $75.3m $80.4m $114.7m $143.3m
Other Nonoperating Income (Expense) $1.3m ($2.8m) $85k ($715k) $63k
Costs and Expenses $122.1m $182.0m $204.2m $252.0m $313.6m
Product development expense $10.9m $17.9m $29.3m $32.8m $48.9m
Other income (expense), net $1.3m ($2.8m) $85k ($715k) $63k
Interest expense, net ($18.7m) ($31.5m) ($46.0m) ($25.6m) ($17.6m)
Current Income Tax Expense (Benefit) $10.4m $12.0m $18.6m $21.2m
Nonoperating Income (Expense) $25.0m ($13.0m) ($107.2m) ($210.9m) ($7.7m)
Interest Income (Expense), Net ($31.5m) ($46.0m)
Interest Income (Expense), Nonoperating, Net ($25.6m) ($17.6m)
Total other expense, net $25.0m ($13.0m) ($107.2m) ($210.9m) ($7.7m)
Income Tax Expense (Benefit) $0 ($859k) $4.0m $12.7m $23.9m