Grindr (GRND)
Location-based social networking for gay, bisexual, and sexually explorative adults.
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Runs a location-based social network for gay, bisexual, and sexually explorative adults, monetized mainly through XTRA and Unlimited subscriptions, premium add-ons, and advertising. The globally used platform operates as one segment and relies on Apple and Google for app distribution and most consumer payments.
Operates a location-based social-networking app primarily for gay, bisexual, and sexually explorative adults, with profiles, nearby discovery, filters, chat, media sharing, and safety tools. The free service earns advertising revenue; Grindr XTRA and Grindr Unlimited subscriptions plus premium add-ons sell broader access and user controls. Most revenue comes from the United States, alongside a substantial international user and revenue base.
Builds engagement around its grid-style discovery interface, messaging, and a global network sustained largely through organic user acquisition. Woodwork by Grindr extends the brand into telehealth through a clinical partner. The business reports as one operating segment. Distribution and substantially all direct consumer payments depend on Apple's App Store and Google Play, while privacy, online-safety, and healthcare rules govern sensitive user data and Woodwork's telehealth model.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $19 |
| Aug 7, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $18 | Target: $20 |
| Jul 1, 2026 | Morgan Stanley | Upgrade | Target: $14 | Target: $18 |
| May 8, 2026 | Raymond James | Target | Target: $22 | Target: $18 |
| Feb 24, 2026 | Morgan Stanley | Target | Target: — | Target: $14 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $6.5M · Total debt $389.6M · Total assets $462.8M · Shareholders' equity −$11.7M
- Revenue
- $138.1M
- Operating income
- $32.5M
- Net income
- $17.7M
No dividends on record.
| Institutions | 23.42% | 40.71M shares | |
|---|---|---|---|
| 189 holders · as of Jun 30, 2026 | |||
| Insiders | 82.14% | 142.77M shares | |
| 18 holders · as of Sep 18, 2026 | |||
| Adds to | 105.56% | ||
173.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.56%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
George Raymond III Zage1,2Insiderdirector, 10 percent owner | 54.62% | 95.44M | filed Sep 18, 2026 |
James Fu Bin Lu3Insider10 percent owner | 10.02% | 17.42M | filed May 12, 2026 |
J. Michael Jr Gearon4Insiderdirector | 6.82% | 14.47M | filed Jun 4, 2026 |
Brest JeremyInsider | 6.73% | 11.71M | filed Mar 25, 2026 |
Citadel Advisors LLCInstitution | 2.56% | 4.45M | as of Jun 30, 2026 |
- George Raymond III Zage's transaction reports restate only vehicles that traded; the 2026 ownership statement (95.44M) less the 500.0K net shares sold since is used instead.
- George Raymond III Zage reports a block also reported by Vanguard Capital Management LLC; it is counted once, under Vanguard Capital Management LLC.
- James Fu Bin Lu's own ownership statement (13G, May 12, 2026) reports fewer shares than the transaction reports; the statement is used.
- J. Michael Jr Gearon's transaction reports restate only vehicles that traded; the 2025 ownership statement (14.47M) less the 2.62M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | George Raymond III Zage | director, 10 percent owner: | −166,400 | $15.41 |
| Sep 16, 2026 | George Raymond III Zage | director, 10 percent owner: | −333,600 | $15.62 |
| Sep 14, 2026 | Zachary Katz | officer: CLO and Head of Global Affairs | −15,227 | $15.57 |
| Aug 31, 2026 | Austin J. Balance | officer: Chief Product Officer | −89,638 | $15.46 |
| Aug 19, 2026 | Daniel Brooks Baer | director | −3,500 | $15.65 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Grindr | $15.92 | +0.19% | $2.82B | 31.2 | 23.2 | 5.5 | +32.5% |
| Match Group | $42.72 | −1.02% | $10.07B | 15.5 | 12.7 | 2.9 | −1.2% |
| Bumble | $2.87 | +0.70% | $371.7M | — | 3.6 | 0.4 | −15.2% |
| Hello Group (ADR) | $4.97 | −0.34% | $814.2M | 4.9 | — | 0.5 | +0.1% |
| Meta | $750.14 | +1.20% | $1.89T | 27.9 | 24.6 | 8.3 | +28.0% |
| Median | 15.5 | 12.7 | 1.7 | −0.6% |