10-Q · May 8, 2026
Grindr Inc. reported strong Q1 2026 financial results, with revenue reaching $130 million, exceeding expectations by 9.1%. The company's EPS of $0.14 also surpassed estimates, showcasing robust growth and increasing…
Earnings analysis · 10-Q
GRND earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Q2 2026 revenue of $138.138 million grew 6.3% sequentially and 32.8% year over year, beating consensus by 4.8%, while diluted EPS of $0.10 declined from $0.14 in Q1 and missed consensus by 33.3%. The filing quantifies…
Read full summary
Q2 2026 revenue of $138.138 million grew 6.3% sequentially and 32.8% year over year, beating consensus by 4.8%, while diluted EPS of $0.10 declined from $0.14 in Q1 and missed consensus by 33.3%. The filing quantifies material leverage and interest-rate exposure, with $386.3 million of debt outstanding and approximately $1.0 million of quarterly pretax interest sensitivity per 100 basis points. Newly expanded Woodwork, privacy, healthcare-regulatory, litigation, and international FX exposures offset the strong revenue trend.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.1
What stood out
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Revenue accelerated and beat estimates
Second-quarter revenue was $138.138 million, up 6.3% from $130 million in Q1 2026 and 32.8% from $104 million in Q2 2025. Revenue exceeded the supplied consensus estimate of $131.786 million by 4.8%.
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EPS improved year over year
Diluted EPS was $0.10, down from $0.14 in Q1 2026 but up from $0.08 in Q2 2025. EPS was 33.3% below the supplied consensus estimate of $0.15.
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International mix continued to expand
International revenue represented 43.0% of consolidated revenue in Q2 2026, up from 42.0% in Q2 2025, supporting continued international scale.
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Debt and rate exposure quantified
The company had $386.3 million of debt outstanding under its Credit Agreement as of June 30, 2026; a hypothetical 100-basis-point rate increase would raise pretax interest expense by approximately $1.0 million for the quarter and $3.4 million year to date.
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Meaningful share repurchase executed
In June 2026, Grindr paid $60.0 million under an accelerated share repurchase agreement and received approximately 4.2 million shares initially, at an average price of $11.38 per share.
What to watch
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New-product execution risk increased
The revised product-roadmap risk covers Woodwork telehealth and other new offerings; Grindr states it expects to launch a number of new products and services, but there is no guarantee they will generate revenue or sufficient operating margin. Woodwork launched in May 2025, increasing execution and investment risk.
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Privacy litigation and fines remain material
Privacy and regulatory exposure remains material: Grindr paid a NOK 65.0 million fine, approximately $6.465 million, in February 2026 based on a 2021 Norwegian decision. The company also faces UK proceedings involving over 10,000 alleged users, with asserted damages of £1,000 to £10,000 or more per claimant.
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Telehealth regulation and FX exposure
Woodwork's compounded-drug and telehealth activities create new healthcare regulatory risk. The filing notes that the FDA issued 30 warning letters to telehealth companies in March 2026 regarding misleading compounded GLP-1 claims, while a hypothetical 10% euro and pound move would have changed Q2 revenue by $3.3 million.
Management's outlook
No quantitative revenue or EPS outlook was provided in the supplied 10-Q text; the prior outlook was at least $535.0 million of full-year revenue.
Earlier filings 4
10-K · March 2, 2026
Grindr’s 2025 10-K describes a strategy to expand monetization via AI-native premium features (Edge) and ‘gayborhood’ product expansion (Woodwork telehealth launched May 2025) while leveraging a growing global user…
10-Q · November 6, 2025
Grindr reported a strong Q3: revenue rose to $115,766,000 and GAAP diluted EPS was $0.16, driven by a step-up in operating profitability (income from operations $45,241,000, operating margin ~39.1%). The company…
10-Q · August 8, 2024
Grindr reported Q2 revenue of $82,345,000, beating estimates and rising vs. both Q1 2024 ($75,345,000) and Q2 2023 ($61,538,000). Operating income improved to $24,555,000 (29.8% operating margin), but GAAP net loss of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.