Below are the financial statements of Grindr, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 59.15a | 27.61a |
| Accounts receivable, net | 49.6a | 33.91a |
| Prepaid expenses | 2.75a | 4.19a |
| Deferred charges | 3.81a | 3.64a |
| Other current assets | 1.68a | 2.41a |
| Total current assets | 116.98a | 71.75a |
| Restricted cash | 0.61a | 1.39a |
| Property and equipment, net | 1.67a | 1.58a |
| Capitalized software development costs, net | 8.75a | 7.43a |
| Intangible assets, net | 69.87a | 82.33a |
| Goodwill | 275.7a | 275.7a |
| Deferred tax asset | 1.24a | 0a |
| Right-of-use assets | 3.05a | 3.36a |
| Other assets | 1.21a | 1.05a |
| Total assets | 479.09a | 444.6a |
| Liabilities and stockholders’ deficit | — | — |
| Current liabilities | — | — |
| Accounts payable | 3.26a | 3.53a |
| Accrued expenses and other current liabilities | 29.58a | 22.93a |
| Current maturities of long-term debt, net | 15a | 15a |
| Deferred revenue | 19.97a | 19.18a |
| Total current liabilities | 67.81a | 60.64a |
| Long-term debt, net | 275.58a | 325.6a |
| Warrant liability | 252.18a | 67.62a |
| Lease liability | 0.96a | 2.24a |
| Deferred tax liability | 0a | 4.67a |
| Other non-current liabilities | 14.13a | 2.12a |
| Total liabilities | 610.66a | 462.89a |
| Stockholders’ deficit | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 0.02a | 0.02a |
| Treasury stock | -14.3a | -2.15a |
| Additional paid-in capital | 74.52a | 44.66a |
| Accumulated deficit | -191.81a | -60.81a |
| Total stockholders’ deficit | -131.57a | -18.29a |
| Total liabilities and stockholders’ deficit | 479.09a | 444.6a |
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