Grindr Inc. (GRND): Results of Operations and Financial Condition
Grindr Inc. (GRND) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Grindr Inc. Reports Second Quarter 2026 Revenue Growth of 33%, Raises Guidance Second Quarter 2026 Revenue of $138 Million Net Income of $18 Million, Net Income Margin of 13% Adjusted EBITDA of $58 Million, Adjusted EBITDA Margin of 42% Increases expectation of full-
How this was made
The 30-second read
Why it matters
Traders can update models immediately using the disclosed Q2 performance and the revised FY 2026 revenue and Adjusted EBITDA targets, and then reassess after the live webcast for any additional color on drivers and risks.
Market read
A same-day guidance raise tied to reported Q2 results is a direct catalyst for repricing expectations and near-term sentiment.
What to watch
The release emphasizes AI-native strategy and partnerships, but the key risk is whether privacy, regulatory, and cyber/data protection costs rise faster than operating leverage.
Grindr Inc. Reports Second Quarter 2026 Revenue Growth of 33%, Raises Guidance
Second-quarter revenue grew 33%, net income increased to $ 17,743 from $ 16,638, and Adjusted EBITDA increased to $ 57,640 from $ 45,207. The company increased its full-year 2026 revenue and Adjusted EBITDA expectations, although net income margin and Adjusted EBITDA Margin were below the prior-year quarter.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Revenue, three months ended June 30GAAP | $ 138,138 | – | 33% |
| Net income, three months ended June 30GAAP | $ 17,743 | – | – |
| Net income margin, three months ended June 30GAAP | 12.8 % | – | – |
| Adjusted EBITDA, three months ended June 30non-GAAP | $ 57,640 | – | – |
| Adjusted EBITDA Margin, three months ended June 30non-GAAP | 41.7 % | – | – |
| Interest expense, net, three months ended June 30other | 6,529 | – | – |
| Income tax provision, three months ended June 30other | 5,149 | – | – |
| Depreciation and amortization, three months ended June 30other | 895 | – | – |
| Litigation-related costs, three months ended June 30other | 2,916 | – | – |
| Transaction-related costs, three months ended June 30other | 123 | – | – |
| Stock-based compensation expense, three months ended June 30other | 20,625 | – | – |
| Employee transition costs, three months ended June 30other | 740 | – | – |
| Equity method investee losses and related credit loss, three months ended June 30other | 1,909 | – | – |
| Other expense, three months ended June 30other | 1,011 | – | – |
| Revenue, six months ended June 30GAAP | $ 268,079 | – | – |
| Net income, six months ended June 30GAAP | $ 44,493 | – | – |
| Net income margin, six months ended June 30GAAP | 16.6 % | – | – |
| Adjusted EBITDA, six months ended June 30non-GAAP | $ 116,113 | – | – |
| Adjusted EBITDA Margin, six months ended June 30non-GAAP | 43.3 % | – | – |
| 15 million average monthly active usersother | 15 million | – | – |
full-year 2026 outlook
- Revenueapproximately $540 Million
- NoteAdjusted EBITDA to approximately $232 Million
What drove it
- Strong user engagement and organic momentum.
- Users responded better than anticipated to expanded value and capabilities built into the product experience.
- The company cited operating leverage from terraforming Grindr into an AI-native organization.
- The company cited Q2's Madonna partnership as demonstrating cultural and commercial power.
Concerns
- Net income margin was 12.8 % versus 16.0 % in the prior-year quarter.
- Adjusted EBITDA Margin was 41.7 % versus 43.4 % in the prior-year quarter.
- Litigation-related costs were 2,916 versus 754 in the prior-year quarter.
- Interest expense, net was 6,529 versus 3,564 in the prior-year quarter.
- Stock-based compensation expense was 20,625 versus 16,529 in the prior-year quarter.
What to watch
- Delivery against full-year 2026 revenue guidance of approximately $540 Million.
- Delivery against full-year 2026 Adjusted EBITDA guidance of approximately $232 Million.
- User engagement and the reception of expanded product value and capabilities.
- Progress on next-generation products including Edge and improvements to the core user experience.
- Litigation-related costs, transaction-related costs, employee transition costs, and equity method investee losses and related credit loss.
Analysis
Grindr reported second-quarter revenue of $ 138,138, up 33% from $ 104,220 in the prior-year quarter. Net income was $ 17,743, compared with $ 16,638, while Adjusted EBITDA increased to $ 57,640 from $ 45,207. Management attributed the period to strong user engagement, organic momentum, and user response to expanded value and capabilities in the product experience.
Profitability remained substantial but showed a lower reported margin profile in the quarter. Net income margin was 12.8 % compared with 16.0 %, and Adjusted EBITDA Margin was 41.7 % compared with 43.4 %. The reconciliation shows higher interest expense, net, litigation-related costs, stock-based compensation expense, employee transition costs, equity method investee losses and related credit loss, and other expense among the items excluded in arriving at Adjusted EBITDA.
For the six months ended June 30, revenue was $ 268,079 compared with $ 198,158, and Adjusted EBITDA was $ 116,113 compared with $ 85,896. The six-month Adjusted EBITDA Margin was unchanged at 43.3 %, while net income margin was 16.6 % compared with 22.0 %. The filing identifies 15 million average monthly active users and says Grindr is available in 190 countries and territories.
Management increased its full-year 2026 outlook to approximately $540 Million of revenue and approximately $232 Million of Adjusted EBITDA. The company linked the increase to user response and cited operating leverage from its AI-native organization, while also highlighting its product roadmap, including Edge. The filing does not provide full-year GAAP net income guidance or a forward reconciliation from Adjusted EBITDA to net income.
The key reported items to monitor are the conversion of engagement and product expansion into the raised full-year outlook, the durability of the Adjusted EBITDA Margin after the second-quarter decline, and the trajectory of litigation-related costs, interest expense, and stock-based compensation expense. The company also disclosed transaction-related costs and an investment-related loss and credit loss in the quarter, which are excluded from its Adjusted EBITDA measure.
Management, verbatim
Driven by strong user engagement and organic momentum, Grindr delivered an outstanding second quarter. Because our users are responding even better than anticipated to the expanded value and capabilities built into the product experience, we are raising our full-year 2026 revenue and Adjusted EBITDA guidance.
George Arison, Chairman and CEO
As we continue terraforming Grindr into an AI-native organization, we are unlocking significant operating leverage – allowing us to accelerate our roadmap, including next-generation products like Edge, and improve the core user experience, all within our exceptionally lean operating model.
George Arison, Chairman and CEO
Not in the filing
stated, not guessed- GAAP gross profit and gross margin
- GAAP operating income or loss and operating margin
- GAAP diluted and basic EPS
- Non-GAAP EPS
- Revenue segments
- Operating cash flow
- Free cash flow
- Cash and cash equivalents
- Debt
- Share repurchases
- Dividends
- Prior-quarter comparisons
- Prior full-year guidance figures
- Full-year 2026 gross margin guidance
- Full-year 2026 operating expense guidance
- Full-year 2026 tax-rate guidance
- Full-year 2026 GAAP net income guidance
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This SEC 8-K (Item 2.02) includes Grindr’s Q2 2026 results and a Letter to Shareholders with updated full-year guidance.
Ticker impact
Grindr reported Q2 2026 revenue of $138M and raised full-year 2026 revenue to about $540M and Adjusted EBITDA to about $232M.
Likely positive bias for the next session as traders price the raised FY revenue and Adjusted EBITDA targets.
This is a primary earnings-and-guidance disclosure (8-K Item 2.02) with specific updated FY figures, not a recap or commentary.
Market effects
Supports the broader narrative that social/dating apps can scale profitability with engagement-led monetization and operating leverage.
Limited direct regional spillover; impact is primarily company-specific.
Moderate, as guidance updates can influence sentiment toward consumer internet and subscription-like business models.
Counterpoint
Raised guidance may reflect short-term momentum; investors may still focus on sustainability of user engagement and monetization efficiency.
Key entities
- companyGrindr Inc.
Subject of the filing, reporting Q2 2026 results and raising full-year 2026 revenue and Adjusted EBITDA guidance.
- executiveGeorge Arison
Chairman and CEO quoted on the quarter’s performance, AI-native strategy, and guidance increase.
