What is Grindr's net debt?

Grindr (GRND) reported net debt of $370.56M in Q1 2026.

How has Grindr's net debt changed year-over-year?

Grindr's net debt increased by 996.1% year-over-year, from $33.81M to $370.56M.

What is the long-term trend for Grindr's net debt?

Over 4 years (2021 to 2025), Grindr's net debt has grown at a 21.7% compound annual growth rate (CAGR), from $142.75M to $312.94M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Grindr GRND Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$129.9M+38.3%

Gross profit$97.3M+40.3%

Operating income$42.7M+68.3%

Net income$26.8M-1.0%

EPS (diluted)$0.14+55.6%

Balance sheet

See full

Cash & equivalents$24.4M-90.5%

Total debt$395.0M+36.1%

Total equity$839.0K-99.7%

Total assets$470.9M-30.7%

Cash flow

See full

Operating cash flow$33.5M+40.7%

CapEx$32.0K-74.2%

Free cash flow$33.4M+41.3%

Valuation

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Market cap$2.34B-39.9%

Enterprise value$2.71B-30.6%

P/E24.7×—

P/S4.9×-5.8×

Profitability

See full

Gross margin74.7%+0.1pp

Operating margin30.2%+3.0pp

Net margin19.9%+12.7pp

FCF margin31.6%+4.8pp

Returns & leverage

See full

Return on equity58.9%—

Debt / equity470.8×+470×

Current ratio1.3×-2.9×

Where this comes from

Calculated from Grindr’s reported figures.

$395.0Mtotal debt−$24.4Mcash and equivalents=$370.56M

The official record: Grindr’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Grindr's net debt?: Grindr (GRND) reported net debt of $370.56M in Q1 2026.
How has Grindr's net debt changed year-over-year?: Grindr's net debt increased by 996.1% year-over-year, from $33.81M to $370.56M.
What is the long-term trend for Grindr's net debt?: Over 4 years (2021 to 2025), Grindr's net debt has grown at a 21.7% compound annual growth rate (CAGR), from $142.75M to $312.94M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.