Highlights

  • Second quarter 2026 revenue was $138.1 million, compared with $104.2 million for the second quarter of 2025.
  • Net income was $17.7 million and Adjusted EBITDA was $57.6 million for the three months ended June 30, 2026.
  • Average Paying Users were 1.4 million, and Average App-Based Revenue per Average Paying User was $26.51 for the quarter.
  • Cash and cash equivalents were $6.5 million at June 30, 2026, and $302.2 million remained available under the repurchase program.

Grindr Inc. (NYSE:GRND) shares were trading at USD 12.91 on October 28, 2026, down 0.23%, with a relative volume at time of 4.06. The social networking company filed its quarterly report for the period ended June 30, 2026 on August 7, covering revenue, net income, share repurchases and its senior credit facility.

Grindr is incorporated in Delaware and lists its principal executive offices in West Hollywood, California. The company operates a global social networking platform primarily serving gay, bisexual and sexually explorative adults, with users in over 190 countries and territories. Revenue comes from app-based subscriptions and consumables, including Grindr XTRA and Grindr Unlimited, and from advertising. Its fiscal year ends December 31. As of June 30, 2026, the company had 178 employees globally, 172 of which were full-time, plus a dedicated team of 33 contractors in Colombia.

Second Quarter 2026 Results

This section covers the quarter ended June 30, 2026, reported in a Form 10-Q filed on August 7, 2026. Revenue was $138.1 million for the three months ended June 30, 2026, compared with $104.2 million for the same period of 2025, an increase of $33.9 million, or 32.5%. App-based revenue was $113,267 thousand and advertising revenue was $24,871 thousand.

Net income was $17.7 million, compared with $16.6 million, with a net income margin of 12.8%, compared with 16.0%. Adjusted EBITDA, a non-GAAP measure, was $57.6 million, compared with $45.2 million, with an Adjusted EBITDA margin of 41.7%, compared with 43.4%.

For the six months ended June 30, 2026, revenue was $268.1 million, compared with $198.2 million. Net income was $44.5 million, compared with $43.7 million, and Adjusted EBITDA was $116.1 million, compared with $85.9 million.

Average Paying Users were 1,422 thousand, compared with 1,225 thousand. International revenue represented 43.0% of total revenue, compared with 42.0%.

Cash Flow, Debt and Share Repurchases

Net cash provided by operating activities was $74,272 thousand for the six months, compared with $61,311 thousand. Free cash flow, a non-GAAP measure, was $69,817 thousand. Net cash used in financing activities was $146.4 million, including payments for purchasing equity instruments of $159.9 million and principal payments of debt of $10.0 million.

The Senior Term Loan Facility had $390,000 thousand outstanding at June 30, 2026, compared with $400,000 thousand at December 31, 2025. The company had no borrowings under its $200.0 million revolving credit facility, and both facilities mature on January 1, 2031.

The Board increased the stock repurchase program by $400 million in February 2026, bringing the aggregate authorization to $900,000 thousand and extending the period to March 6, 2029. Plan-to-date repurchases totaled $597,752 thousand for 37,647,633 shares, and $302,248 thousand remained available. During the six months ended June 30, 2026, the company repurchased and retired 12,517,804 shares for an aggregate purchase price of $147.2 million. It did not repurchase shares in the open market during that period.

Labor Matters and Outlook

The 10-Q does not provide numerical guidance. The company disclosed that the National Labor Relations Board has not completed tallying votes from a 2023 election sought by the Communications Workers of America, with numerous challenged ballots outstanding. A complaint on unfair labor practice charges was issued on November 1, 2024.

The company said it believes its cash and cash equivalents, cash flows from operations and borrowings under its revolving credit facility will be sufficient for the next twelve months. It said it may need to raise additional funds if these sources are not sufficient, and that additional equity financing may be dilutive. It also said it intends to continue developing new products, including through gayborhood expansion initiatives and its Grindr AI foundation.