← Grindr Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income (Loss) Attributable to Parent | — | $23.2m |
$852k
-96.33%
|
($55.8m)
-6645.54%
|
($131.0m)
-134.90%
|
$94.8m
+172.33%
|
— | |
| Depreciation, Depletion and Amortization | — | $43.2m | $37.5m | $27.0m | $16.9m | $8.9m | $4.2m | |
| Amortization of Debt Issuance Costs | — | $1.2m | $1.3m | $1.8m | $909k | $914k | — | |
| Amortization of Intangible Assets | — | — | $35.2m | $22.2m | $12.5m | $4.0m | — | |
| Capitalized Computer Software, Amortization | — | — | $889k | $2.5m | $3.6m | $3.9m | — | |
| Depreciation | — | $43.2m | $783k | $746k | $854k | $974k | $4.2m | |
| Amortization of debt discount and issuance costs | — | $1.2m | $1.3m | $1.8m | $909k | $914k | — | |
| Depreciation Amortization Depletion | — | — | $37.5m | $27.0m | $16.9m | $8.9m | $4.2m | |
| Deferred Income Tax Expense (Benefit) | — | ($4.3m) | ($11.2m) | ($8.0m) | ($5.9m) | $2.6m | ($5.1m) | |
| Deferred Tax | — | — | ($11.2m) | ($8.0m) | ($5.9m) | $2.6m | ($5.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $28.4m | $15.8m | $37.3m | $54.5m | $62.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $12.1m | $23.8m | — | |
| Share-based Payment Arrangement, Expense | — | — | $28.6m | $15.8m | $37.3m | $54.5m | $62.7m | |
| Stock-based compensation | — | $2.6m | $28.4m | $15.8m | $37.3m | $54.5m | $62.7m | |
| Nonoperating Income (Expense) | — | $25.0m | ($13.0m) | ($107.2m) | ($210.9m) | ($7.7m) | — | |
| Other Nonoperating Income (Expense) | — | — | ($2.8m) | $85k | ($715k) | $63k | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | $2.5m | ($7.3m) | ($8.8m) | ($13.2m) | ($16.5m) | |
| Increase (Decrease) in Accounts Receivable | — | — | $4.8m | $11.9m | $15.0m | $18.3m | ($12.5m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | $282k | $421k | ($718k) | ($24k) | ($12.5m) | |
| Accounts receivable | — | ($6.1m) | ($4.8m) | ($11.9m) | ($15.0m) | ($18.3m) | ($12.5m) | |
| Change In Receivables | — | — | ($4.8m) | ($11.9m) | ($15.0m) | ($18.3m) | ($12.5m) | |
| Changes In Account Receivables | — | — | ($4.8m) | ($11.9m) | ($15.0m) | ($18.3m) | ($12.5m) | |
| Increase (Decrease) in Accounts Payable | — | $1.8m | $1.8m | ($713k) | ($461k) | ($1.9m) | $1.1m | |
| Change In Payables And Accrued Expense | — | — | $12.0m | $3.9m | $6.4m | $7.3m | $1.1m | |
| Purchases of property and equipment, accrued but unpaid | — | $269k | $430k | $509k | $945k | $746k | ($11.6m) | |
| Accrued expenses and other current liabilities | — | ($7.5m) | $10.2m | $4.7m | $6.8m | $9.2m | — | |
| Deferred revenue | — | $6.5m | ($1.5m) | $595k | $789k | $4.3m | — | |
| Capitalized software development costs accrued but not paid | — | — | — | $0 | $232k | $576k | — | |
| Change In Accrued Expense | — | — | $10.2m | $4.7m | $6.8m | $9.2m | $853k | |
| Other current assets | — | ($3.3m) | $2.6m | ($1.7m) | $734k | $405k | ($3.0m) | |
| Other assets | — | $37k | $20k | ($350k) | ($296k) | ($241k) | — | |
| Other liabilities | — | ($720k) | $615k | ($11k) | $11k | ($167k) | — | |
| Change In Other Current Assets | — | — | $2.6m | ($2.0m) | $438k | $164k | ($3.0m) | |
| Change In Other Current Liabilities | — | — | ($1.4m) | ($1.4m) | ($2.7m) | ($3.4m) | ($3.2m) | |
| Net Cash Provided by (Used in) Operating Activities | ($345k) |
($1.1m)
-218.66%
|
$50.6m
+4701.92%
|
$36.1m
-28.63%
|
$95.0m
+162.70%
|
$141.5m
+49.03%
|
$154.5m
+9.16%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | — | ($269k) | $430k | $509k | $945k | $746k | ($11.6m) | |
| Capital Expenditure Reported | — | — | ($5.2m) | ($3.7m) | ($4.4m) | ($7.9m) | ($11.6m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($5.5m) | ($5.6m) | ($4.2m) | ($5.3m) | ($8.6m) | ($15.6m) | |
| Cash flows from financing activities: | ||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($1.5m) | $0 | ($11.6m) | $0 | $0 | — | |
| Loss on extinguishment of debt related to 2020 Credit Agreement | — | ($1.5m) | $0 | $11.6m | $0 | $0 | — | |
| Proceeds from issuance of debt | — | $0 | $230.8m | $344.4m | $0 | $415.0m | $100.9m | |
| Principal payments on debt | — | ($56.6m) | ($3.5m) | ($367.5m) | ($50.8m) | ($308.6m) | — | |
| Payment of debt issuance costs | — | ($960k) | ($5.1m) | ($4.5m) | $0 | ($2.9m) | — | |
| Payment of early termination fee related to the extinguishment of debt | — | — | $0 | ($6.3m) | $0 | $0 | — | |
| Long Term Debt Issuance | — | — | $230.8m | $344.4m | $0 | $415.0m | $100.9m | |
| Long Term Debt Payments | — | — | ($5.3m) | ($367.5m) | ($50.8m) | ($308.6m) | ($311.1m) | |
| Net Issuance Payments Of Debt | — | — | $225.5m | ($3.7m) | ($50.8m) | $106.4m | $103.9m | |
| Net Long Term Debt Issuance | — | — | $225.5m | ($23.1m) | ($50.8m) | $106.4m | $103.9m | |
| Net Short Term Debt Issuance | — | — | $0 | $19.4m | $0 | $0 | $0 | |
| Repayment Of Debt | — | — | ($5.3m) | ($367.5m) | ($50.8m) | ($308.6m) | ($311.1m) | |
| Payments for Repurchase of Common Stock | — | — | — | $0 | $0 | $450.5m | — | |
| Proceeds from Issuance of Common Stock | — | — | $5.2m | $0 | $4.2m | $9.2m | $0 | |
| Repurchases of common stock under the stock repurchase program | — | — | — | $0 | $0 | ($450.5m) | — | |
| Issuance of common stock for the settlement of certain market condition liability-classified equity awards | — | — | — | $0 | $4.2m | $9.2m | $0 | |
| Issuance of common stock for the settlement of KPI Awards | — | — | — | $0 | $2.4m | $3.6m | $0 | |
| Issuance of common stock for the cashless exercise of warrants | — | — | — | $0 | $0 | $63.0m | $0 | |
| Issuance of common stock for the exercise of warrants | — | — | — | $0 | $0 | $179.2m | $0 | |
| Common Stock Issuance | — | $0 | $5.2m | $0 | $0 | ($450.5m) | $0 | |
| Common Stock Payments | — | — | — | $0 | $0 | ($450.5m) | ($159.8m) | |
| Issuance Of Capital Stock | — | $0 | $5.2m | $0 | — | — | $0 | |
| Repurchase Of Capital Stock | — | — | — | $0 | $0 | ($450.5m) | ($159.8m) | |
| Dividends Payable | — | — | — | $0 | — | — | — | |
| Cash Dividends Paid | — | $0 | ($196.3m) | $0 | — | — | — | |
| Net Other Financing Charges | — | — | ($188.6m) | ($12.0m) | ($12.1m) | ($76.7m) | ($198.4m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $5.5m |
($52.1m)
-1048.66%
|
($13.0m)
+74.98%
|
($58.9m)
-351.47%
|
($105.0m)
-78.43%
|
($253.2m)
-141.16%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($25.6m) | ($7.1m) | $18.9m | $30.8m | $27.9m | $7.1m | |
| Cash, cash equivalents and restricted cash, beginning of the period | $1.1m | $17k | $10.1m | $29.0m | $59.8m | $87.7m | — | |
| Beginning Cash Position | — | — | $17.2m | $10.1m | $29.0m | $59.8m | $121.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.1m | $17k | $10.1m | $29.0m | $59.8m | $87.7m | $7.1m | |
| Net increase in cash, cash equivalents and restricted cash | — | ($25.6m) | ($7.1m) | $18.9m | $30.8m | $27.9m | — | |
| Restricted cash | — | $1.4m | $1.4m | $1.4m | $605k | $605k | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Proceeds from Stock Options Exercised | — | $1.4m | $2.0m | $2.7m | $4.0m | $1.7m | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $22.8m | $18.1m | $47.9m | $26.0m | $20.1m | — | |
| Income Taxes Paid, Net | — | $9.5m | $2.2m | $17.7m | $17.4m | $21.1m | — | |
| Noncash investing and financing activities: | ||||||||
| Additional Financial Items | ||||||||
| Goodwill | — | — | $275.7m | $275.7m | $275.7m | $275.7m | — | |
| Income Tax Expense (Benefit) | — | $0 | ($859k) | $4.0m | $12.7m | $23.9m | — | |
| Investment Income, Interest | — | $85k | — | — | — | — | — | |
| Operating Expenses | — | $1.8m | — | — | — | — | — | |
| Payments for Repurchase of Warrants | — | — | — | — | — | $58k | — | |
| (Gain) loss in fair value of warrant liability | — | ($24.9m) | ($21.3m) | $49.7m | $184.6m | ($9.9m) | — | |
| Interest income on promissory note from member | — | ($2.0m) | ($2.8m) | ($282k) | $0 | $0 | — | |
| Provision for expected credit losses | — | $53k | $282k | $421k | ($718k) | ($24k) | — | |
| Non-cash lease expense | — | $0 | $1.1m | $1.1m | $1.8m | $3.0m | — | |
| Prepaid expenses and deferred charges | — | ($1.8m) | ($4.4m) | $3.4m | $1.3m | ($3.2m) | — | |
| Lease liability | — | $0 | ($2.0m) | ($1.4m) | ($2.7m) | ($3.3m) | — | |
| Additions to capitalized software development costs | — | — | — | ($3.7m) | ($4.4m) | ($7.9m) | — | |
| Proceeds from the exercise of stock options | — | $1.4m | $2.0m | $2.7m | $4.0m | $1.7m | — | |
| Proceeds from the exercise of warrants | — | — | — | $0 | $1k | $314.1m | — | |
| Payment for redemption of warrants | — | — | — | $0 | $0 | ($58k) | — | |
| Payment for the purchase of equity instruments | — | — | — | $0 | $0 | ($50.0m) | — | |
| Transaction costs paid in connection with the Business Combination | — | $0 | ($28.5m) | ($1.2m) | $0 | $0 | — | |
| Proceeds from the repayment of promissory note to a member including interest | — | $0 | $0 | $19.4m | $0 | $0 | — | |
| Cash and cash equivalents | — | $15.8m | $8.7m | $27.6m | $59.2m | $87.0m | $121.4m | |
| Cash Flow From Continuing Financing Activities | — | — | ($52.1m) | ($13.0m) | ($58.9m) | ($105.0m) | ($253.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | ($5.6m) | ($4.2m) | ($5.3m) | ($8.6m) | ($15.6m) | |
| Change In Account Payable | — | — | $1.8m | ($713k) | ($461k) | ($1.9m) | $1.1m | |
| Change In Cash Supplemental As Reported | — | — | ($7.1m) | $18.9m | $30.8m | $27.9m | — | |
| Change In Other Working Capital | — | — | ($1.5m) | $595k | $789k | $4.3m | $3.1m | |
| Change In Payable | — | — | $1.8m | ($713k) | ($461k) | ($1.9m) | $1.1m | |
| Change In Prepaid Assets | — | — | ($4.4m) | $3.4m | $1.3m | ($3.2m) | ($3.0m) | |
| Changes In Cash | — | — | ($7.1m) | $18.9m | $30.8m | $27.9m | ($114.3m) | |
| End Cash Position | — | — | $10.1m | $29.0m | $59.8m | $87.7m | $7.1m | |
| Financing Cash Flow | — | — | ($52.1m) |
($13.0m)
+74.98%
|
($58.9m)
-351.47%
|
($105.0m)
-78.43%
|
($253.2m)
-141.16%
|
|
| Free Cash Flow | — | — | $45.1m | $31.9m | $89.6m | $132.9m | $142.9m | |
| Gain Loss On Investment Securities | — | — | ($19.0m) | $49.7m | $184.6m | ($9.9m) | $120.9m | |
| Gain Loss On Sale Of Business | — | $0 | $11.9m | $0 | — | — | $0 | |
| Investing Cash Flow | — | — | ($5.6m) | ($4.2m) | ($5.3m) | ($8.6m) | ($15.6m) | |
| Net PPE Purchase And Sale | — | — | ($430k) | ($509k) | ($945k) | ($746k) | ($462k) | |
| Operating Gains Losses | — | — | ($7.1m) | $61.3m | $184.6m | ($9.9m) | $1.1m | |
| Other Non Cash Items | — | — | ($511k) | $2.7m | $2.7m | $3.9m | — | |
| Proceeds From Stock Option Exercised | — | — | $102.0m | $2.7m | $4.0m | $315.8m | $1.1m | |
| Provisionand Write Offof Assets | — | — | $282k | $421k | ($718k) | ($24k) | $692k | |
| Purchase Of PPE | — | — | ($430k) | ($509k) | ($945k) | ($746k) | ($11.6m) |