Revenue: As of FY2026 Q2, the actual value is USD 138.14 M, beating the estimate of USD 132.44 M.

Second Quarter 2026 Financial Highlights

Revenue

Grindr Inc.’s revenue for the three months ended June 30, 2026, was $138 million, representing a 33% growth compared to the prior year . App-based revenue reached $113 million in Q2 2026, a 30% year-over-year increase from $87 million in Q2 2025 . Advertising revenue increased 44% year-over-year to $25 million in Q2 2026, up from $17 million in Q2 2025 .

Net Income

Net income for Q2 2026 was $18 million, with a net income margin of 13% . This compares to net income of $16,638 thousand and a net income margin of 16.0% for the same period in 2025 .

Adjusted EBITDA

Adjusted EBITDA was $58 million, resulting in an Adjusted EBITDA margin of 42% . For Q2 2025, Adjusted EBITDA was $45,207 thousand with an Adjusted EBITDA Margin of 43.4% .

Operating Income and Expenses

Operating income for Q2 2026 was $33 million, or 24% of revenue, an increase from $24 million, or 23% of revenue, in Q2 2025 . Operating expenses, excluding cost of revenue, were $71 million in Q2 2026, up from $53 million in Q2 2025, partly due to higher one-time marketing expenses .

Operating Costs and Other Adjustments (Three Months Ended June 30, 2026 vs. 2025)

• Interest expense, net: $6,529 thousand in 2026, up from $3,564 thousand in 2025 .
• Income tax provision: $5,149 thousand in 2026, compared to $4,654 thousand in 2025 .
• Depreciation and amortization: $895 thousand in 2026, a decrease from $3,068 thousand in 2025 .
• Litigation-related costs: $2,916 thousand in 2026, significantly higher than $754 thousand in 2025 .
• Transaction-related costs: $123 thousand in 2026, with no reported costs in 2025 .
• Stock-based compensation expense: $20,625 thousand in 2026, an increase from $16,529 thousand in 2025 .
• Employee transition costs: $740 thousand in 2026, with no reported costs in 2025 .
• Equity method investee losses and related credit loss: $1,909 thousand in 2026, with no reported losses in 2025 .
• Other expense: $1,011 thousand in 2026, with no reported expense in 2025 .

Six Months Ended June 30, 2026 Financial Highlights

Revenue

Revenue for the six months ended June 30, 2026, was $268,079 thousand, compared to $198,158 thousand for the same period in 2025 .

Net Income

Net income was $44,493 thousand in 2026, slightly up from $43,657 thousand in 2025 . The net income margin was 16.6% in 2026, down from 22.0% in 2025 .

Adjusted EBITDA

Adjusted EBITDA for the six months ended June 30, 2026, was $116,113 thousand, an increase from $85,896 thousand in 2025 . The Adjusted EBITDA Margin remained consistent at 43.3% for both periods .

Operating Costs and Other Adjustments (Six Months Ended June 30, 2026 vs. 2025)

• Interest expense, net: $13,134 thousand in 2026, up from $7,439 thousand in 2025 .
• Income tax provision: $14,319 thousand in 2026, compared to $9,205 thousand in 2025 .
• Depreciation and amortization: $1,878 thousand in 2026, a decrease from $6,545 thousand in 2025 .
• Litigation-related costs: $3,483 thousand in 2026, higher than $980 thousand in 2025 .
• Transaction-related costs: $146 thousand in 2026, with no reported costs in 2025 .
• Stock-based compensation expense: $35,633 thousand in 2026, an increase from $27,476 thousand in 2025 .
• Employee transition costs: $437 thousand in 2026, compared to $499 thousand in 2025 .
• Equity method investee losses and related credit loss: $1,909 thousand in 2026, with no reported losses in 2025 .
• Change in fair value of warrant liability: $0 in 2026, compared to - $9,905 thousand in 2025 .
• Other expense: $681 thousand in 2026, with no reported expense in 2025 .

Key Operating Metrics

Average Paying Users (APU) reached 1.4 million in Q2 2026, a 16% year-over-year increase . Average Revenue Per Paying User (ARPPU) was $26.51, up 12% year-over-year .

Share Repurchase Program

During Q2 2026, Grindr Inc. entered into another accelerated share repurchase agreement for $60 million . Since December 2025, the company has deployed $210 million towards repurchasing common stock, with approximately $300 million remaining available under the authorization as of the end of Q2 2026 .

AI-Driven Efficiencies

Grindr Inc. estimates approximately $60 million in annual cost savings due to AI . Total engineering output increased approximately 2.5 times from July 2025 to April 2026 with minimal growth in the technical team .

Headcount

Grindr Inc. ended Q2 2026 with 172 full-time U.S. employees and expects to conclude 2026 with lower overall headcount than originally planned .

Outlook / Guidance

Grindr Inc. has raised its full-year 2026 expectations, now anticipating approximately $540 million in revenue and $232 million in Adjusted EBITDA . This upward revision is attributed to strong user engagement and organic momentum, with users responding better than anticipated to expanded product value and capabilities . The company anticipates advertising revenue to be in the mid-to-high teens as a percentage of total revenue for 2026, normalizing near historical ranges in 2027 .