Grindr (NYSE:GRND) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Grindr (NYSE:GRND) released its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06), FiscalAI reports. Grindr had a return on equity of 357.13% and a net margin of 18.75%. The business had revenue of $141.38 million during the quarter, compared to analysts’ expectations of $135.77 million.

Here are the key takeaways from Grindr’s conference call:

• Q3 revenue rose 22% to $141 million, with Adjusted EBITDA of $62 million and a 44% margin. Grindr raised 2026 guidance to at least $560 million in revenue and $236 million in Adjusted EBITDA, and projected 2027 revenue of at least $705 million and Adjusted EBITDA of at least $275 million.
• Grindr’s AI-powered Edge tier launches globally November 17 at an introductory $120 per month; nearly 400,000 users registered for early access within 72 hours. Management sees a long-term $100 million–$150 million revenue opportunity, while emphasizing that adoption will be gradual and membership will initially be capped.
• Following its acquisition of PurposeMed, Grindr plans to integrate Freddie and expand its U.S. pharmacy capacity before accelerating patient growth. Management expects about 12,000 U.S. patients by year-end and estimates that 50,000 patients could eventually generate roughly $240 million in annual revenue and nearly $100 million in Adjusted EBITDA, but said reaching that scale will take time.
• Management expects advertising growth to moderate in 2027, with ads returning toward 15%–16% of total revenue from the current 18%–19% range. The acquisition also removes about $10 million of telehealth advertising revenue that Grindr generated this year.

Grindr Stock Down 0.3%

GRND traded down $0.04 during trading on Friday, hitting $13.60. The stock had a trading volume of 3,739,068 shares, compared to its average volume of 1,842,335. The company has a market capitalization of $2.36 billion, a PE ratio of 27.21 and a beta of 0.23. Grindr has a twelve month low of $9.73 and a twelve month high of $18.50. The company has a debt-to-equity ratio of 442.30, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day simple moving average of $14.67 and a two-hundred day simple moving average of $13.65.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GRND shares. Wall Street Zen downgraded shares of Grindr from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Raymond James Financial reissued an “outperform” rating on shares of Grindr in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Grindr in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Grindr in a research report on Friday. Finally, Citigroup reissued a “market outperform” rating on shares of Grindr in a research report on Thursday, October 1st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

Insiders Place Their Bets

In other news, Director Daniel Baer sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $15.65, for a total transaction of $54,775.00. Following the transaction, the director directly owned 47,912 shares of the company’s stock, valued at approximately $749,822.80. This represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Zachary Katz sold 15,227 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $15.23, for a total value of $231,907.21. Following the sale, the insider owned 618,000 shares of the company’s stock, valued at approximately $9,412,140. This represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,518,727 shares of company stock valued at $22,055,758. 60.90% of the stock is currently owned by insiders.

Grindr News Summary

Here are the key news stories impacting Grindr this week:

• Positive Sentiment: Q3 revenue rose 22% year over year to $141.4 million, beating the roughly $135.8 million consensus estimate. Grindr also raised its 2026 revenue outlook to at least $560 million, above the approximately $542.7 million consensus. Grindr Q3 results and outlook
• Positive Sentiment: The company’s initial 2027 outlook calls for at least $705 million in revenue, with growth initiatives including its Edge and Freddie offerings. Edge early-access registration reportedly reached 400,000 users in 72 hours, suggesting meaningful initial interest. Grindr 2027 outlook Long-term investor takeaways
• Neutral Sentiment: CEO involvement in a Reddit AMA drew substantial attention, including a question about a data breach. The article highlights the question but does not establish that a breach occurred. Grindr CEO Reddit AMA
• Negative Sentiment: Q3 EPS was $0.12, below the $0.18 analyst consensus. The earnings miss could temper the otherwise favorable reaction to revenue growth and raised guidance. Grindr earnings report

Grindr Company Profile

Grindr Inc (NYSE:GRND) operates a social networking and dating platform designed primarily for the LGBTQ+ community. Its mobile application helps users discover and connect with people nearby, communicate through messaging, and build social and dating relationships.

The company offers a free, advertising-supported version of its app along with subscription services that provide additional features, including expanded browsing and communication capabilities. Grindr also provides related digital products and services intended to support user interaction and engagement on its platform.

Founded in 2009, Grindr serves users in markets around the world and has developed one of the largest global LGBTQ+ social networking communities.