Grindr

GRND

Software - Application · Technology

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Strong

Cash Flow

Exceptional

Stability

Data not available

Valuation

Good

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Winston Score History

The full picture

Grindr is a social networking and dating app built specifically for gay, bisexual, transgender, and queer people. It is one of the largest and most recognized apps in this space, with millions of users around the world connecting through location-based messaging and profile features. The company owns and operates the Grindr app as its sole core product.

Grindr makes money primarily through subscriptions, where users pay a monthly or annual fee to unlock premium features, as well as through in-app advertising for free-tier users. The app operates globally but generates most of its revenue in North America and Europe, and its strong brand recognition within the LGBTQ+ community gives it a loyal, hard-to-replace user base. The main growth driver is expanding its paying subscriber count and increasing average revenue per user, while the key risk is competition from larger platforms like Tinder and Bumble, which have added features targeting LGBTQ+ users.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+17.8% YoY

YoY Growth Rate

Steady EPS growth

Insider Activity

80.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$7M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Grindr grew revenue 33% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

75.0%

Premium pricing power — 75.0% gross margin

Profit after running costs

Operating Margin

23.5%

Excellent — 23.5% operating margin

Return on the money invested

ROCE

393.4%

Exceptional — 393.4% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+32.4%

Fast-growing sales (+32.4% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

160%

Turns 160% of profit into real cash

Spare cash per sale

FCF Margin

28.9%

Converts sales into free cash efficiently (28.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

30.7x

no trend

Pricey — P/E 30.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+14.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (30.7 → 16.7)

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Dividends

Not applicable for this business.

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