---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-024741"
form_type: "8-K"
ticker: "GRND"
cik: "0001820144"
company_name: "Grindr Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:28:33.442301+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grindr Q1 revenue $55.8M (+28% YoY) but net loss $32.9M on warrant & tax items; reaffirms guidance

## Summary
- Revenue $55.8M, up 28% YoY; adjusted EBITDA $22M (39% margin).
- Net loss $32.9M vs net income $4.5M prior year; swing from warrant liability ($15.3M) and tax provision ($15.5M).
- Average paying users 866k (+20% YoY); ARPPU $18.52; MAU 12.8M (+9%).
- FY2023 guidance reaffirmed: revenue growth 25%+ and adjusted EBITDA margin 38%+.
- Operating income $8.6M (15% margin), down slightly from $8.8M; product dev expenses up 53% YoY.

## SEC filing metadata
- accession: 0001140361-23-024741
- form_type: 8-K
- ticker: GRND
- cik: 0001820144
- company_name: Grindr Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820144/000114036123024741/0001140361-23-024741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820144/000114036123024741/brhc20052903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-024741
- JSON: https://secwatch.observer/filing/0001140361-23-024741.json
- Plain text: https://secwatch.observer/filing/0001140361-23-024741.txt

## Key facts
- Earnings Releases
  Grindr Inc. reported first quarter ended March 31, 2023 results: revenue $55.8 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $55.8 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: The team grew revenue 28% year-over-year to $55.8 million, reflecting higher paying user penetration and average revenue per paying user (ARPPU) through adoption of new products and a la carte offerings. Our adjusted EBITDA margin remains healthy at 39%. Both revenue growth and adjusted EBITDA margin are slightly above our FY23 guidance, which we reaffirm.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820144/000114036123024741/0001140361-23-024741-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.