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 | 2023 |
---|---|---|
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 |
Assets | — | — |
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 |
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 |
Liabilities and stockholders’ deficit | — | — |
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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