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GRNDGrindr Inc.Buy Now6.7·$15.77
Buy NowModerate Confidence
Investment thesis

This software business compounds at elite rates — a Rule of 40 score of 63, 38% revenue growth, and free cash flow exceeding net income — while trading at a PEG ratio of 0.25; the near-term setup is clouded by a confirmed price downtrend and elevated short interest, but the underlying quality and roughly 3.6-to-1 risk/reward support a recovery-oriented position for aggressive-risk investors.

Thesis pillars

  • Elite Software Unit Economics→Stable
  • Industry Leading Revenue Growth→Stable
  • Growth At Attractive Valuation↓Deteriorating
  • +2 more pillars — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Grindr Inc. (GRND) Stock Analysis

Buy NowVALUE-TRAP 1/5GrowthQualityModerate Confidence

Technology · Software - Application

Buy now at $15.77. A.R:R 2.2:1 at $15.77 — the engine's gate value (upside to target $18.10 vs. downside set by the wider of 2×ATR or distance-to-support, clipped 5-15%). You'd stand to gain ~$2 per share to target. Key risks: Concentration risk — Counterparty: Apple App Store and Google Play Store; Sector modifier (Technology): -0.8.

Grindr operates a global social networking platform serving 15.0 million monthly active users across more than 190 countries, primarily targeting the LGBTQ community with free and subscription-based mobile app features. The platform generated revenue from 1.3 million paying... Read more

$15.77+14.7% A.UpsideScore 6.7/10#7 of 118 Software - Application
QualityF-score8 / 9FCF yield4.61%
Entry $15.77(at market)Stop $14.71Target $18.10(analyst − 13%)A.R:R 2.2:1
Analyst target$20.80+31.9%5 analysts
$18.10our TP
$15.77price
$20.80mean
$22

Buy now at $15.77. A.R:R 2.2:1 at $15.77 — the engine's gate value (upside to target $18.10 vs. downside set by the wider of 2×ATR or distance-to-support, clipped 5-15%). You'd stand to gain ~$2 per share to target. Key risks: Concentration risk — Counterparty: Apple App Store and Google Play Store; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Growth is outpacing valuation and the technical setup has confirmed a breakout above resistance (PEG 0.82, quality 8.9/10, growth 8.5/10). Score 6.7/10, moderate confidence.

Passes 7/9 gates (positive momentum, favorable risk/reward ratio, news events none recent, earnings proximity 41d clear, semi cycle peak clear, materials cycle peak clear, sector concentration cap sector=technology 9/10 self excluded). Suitability: aggressive.

10-K grounded · weekly refresh

About Grindr Inc.

About Grindr Inc.

Grindr's platform reached 15.0 million Average MAUs in 2025 — a 5.2% increase over 2024 — with 1.3 million Average Paying Users representing 16.9% year-over-year growth, spanning more than 190 countries and territories in 21 supported languages. Established in 2009, the company describes itself as the largest global GBTQ-focused mobile social platform. The company employs 165 people globally, including a dedicated contractor team of 29 full-time engineers in Colombia, and is headquartered in West Hollywood, California.

Grindr earns direct revenue from subscriptions and add-ons that unlock premium features — expanded profile access, advanced filters, and an AI-native tier called Edge, which began testing in 2025. Indirect revenue comes from third-party advertisers targeting the LGBTQ audience. The platform is distributed exclusively through the Apple App Store and Google Play Store, which also process substantially all direct consumer payments. In May 2025, the company launched Woodwork by Grindr, a telehealth subscription service powered by OpenLoop Health Inc., marking the first expansion beyond the core social networking product. User acquisition spend is described as negligible, with growth driven primarily by first-mover brand positioning and network scale. The 10-K identifies AI tools as reducing barriers to entry for companion and digital relationship products, which could reduce demand for traditional social networking interactions.

Show full overview

Grindr's distribution is concentrated in two platforms: the Apple App Store and Google Play Store handle both app access and substantially all direct consumer payment processing. The 10-K identifies this as a material risk — if Apple or Google were to limit, prohibit, or otherwise interfere with distribution, it could materially and adversely affect business and financial condition. The 10-K also identifies data center service providers and internet transit providers as additional operational dependencies, meaning the company's revenue-generating infrastructure depends on a small set of external counterparties.

See also: Technology · Software - Application

From Grindr Inc.'s most recent 10-K filing, extracted June 10, 2026.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Nov 5, 202641d to earnings· next earnings call

Thesis

Rewards
V7 flight-to-quality bonus: +0.5 (Q=8.9 in RISK_OFF)
High-quality business
Strong growth profile
Risks
Concentration risk — Counterparty: Apple App Store and Google Play Store
Sector modifier (Technology): -0.8

Key Metrics

P/E (TTM)33.1
P/E (Fwd)20.6
Mkt Cap$2.8B
EV/EBITDA19.9
Profit Mgn18.7%
ROE108.7%
Rev Growth32.5%
Beta0.19
DividendNone
Rating analysts11

Quality Signals

Piotroski F8/9MoatWideCompounder✓

Options Flow

P/C1.25bearish
IV55%elevated

Concentration Risks(10-K Item 1A)

  • HIGHcounterpartyApple App Store and Google Play Store
    10-K Item 1A: 'We rely primarily on the Apple App Store and Google Play Store ... processing substantially all direct consumer payments.'

Material Events(8-K, last 90d)

  • 2026-06-05Item 5.02LOW
    At June 2, 2026 annual meeting, stockholders approved amended 2022 Equity Incentive Plan adding 11,600,000 shares and requiring stockholder approval for repricing of outstanding awards. No officer departures.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 ceiling hit

GatesINSIDER 0.37%=MODERATEExecutive change: officer departure/appointmentMomentum 6.8>=5.5A.R:R 2.2 ≥ 1.5NEWS EVENTS NONE RECENTEARNINGS PROXIMITY 41d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSECTOR CONCENTRATION CAP sector=Technology 9/10 self excludedSuitability: Aggressive
RSI
56 · Neutral
↑ 20D MA↓ 50D MA↑ 200D MAGOLDEN CROSSSupport $14.70Resistance $16.30

Price Targets

$15
$16
$18
A.Upside+14.7%
A.R:R2.2:1

Position Sizing

ConvictionHigh conviction
Suggested %2.2%
Max %4.5%
RegimeRisk-Off

Analyst Consensus

Analysts11
Consensus4.1/5
Avg Target$21

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-11-05 (41d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is GRND stock a buy right now?

Buy now at $15.77. A.R:R 2.2:1 at $15.77 — the engine's gate value (upside to target $18.10 vs. downside set by the wider of 2×ATR or distance-to-support, clipped 5-15%). You'd stand to gain ~$2 per share to target. Key risks: Concentration risk — Counterparty: Apple App Store and Google Play Store; Sector modifier (Technology): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Growth is outpacing valuation and the technical setup has confirmed a breakout above resistance (PEG 0.82, quality 8.9/10, growth 8.5/10). Target $18.10 (+14.8%), stop $14.71 (−7.2%), A.R:R 2.2:1. Score 6.7/10, moderate confidence.

What is the GRND stock price target?

Take-profit target: $18.10 (+14.7% upside). Target $18.10 (+14.8%), stop $14.71 (−7.2%), A.R:R 2.2:1. Stop-loss: $14.71.

What are the risks of investing in GRND?

Concentration risk — Counterparty: Apple App Store and Google Play Store; Sector modifier (Technology): -0.8.

Is GRND overvalued or undervalued?

Grindr Inc. trades at a P/E of 33.1 (forward 20.6). TrendMatrix value score: 5.5/10. Verdict: Strong Buy.

What do analysts say about GRND?

11 analysts cover GRND with a consensus score of 4.1/5. Average price target: $21.

What does Grindr Inc. do?Grindr operates a global social networking platform serving 15.0 million monthly active users across more than 190...

Grindr operates a global social networking platform serving 15.0 million monthly active users across more than 190 countries, primarily targeting the LGBTQ community with free and subscription-based mobile app features. The platform generated revenue from 1.3 million paying subscribers and advertising in 2025, with 165 employees globally and headquarters in West Hollywood, California.

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