GRND earnings analysis
What we found in GRND's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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%.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.1
What they said about what is next.
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.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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