Added to YB: 2026-06-05
Pitch date: 2026-04-08
GRND [bearish]
Grindr Inc.
+12.44%
current return
Author Info
No bio for this author
Company Info
Grindr Inc. operates a social networking and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide.
Market Cap
$1.9B
Pitch Price
$12.22
Price Target
7.38 (-32%)
Dividend
N/A
EV/EBITDA
14.89
P/E
24.29
EV/Sales
4.85
Sector
Interactive Media and Services
Category
value
Grindr Inc. - $GRND (short)
GRND (short): Short at $12.29, PT $7.38 (23% IRR, 24mo). Ad CPM down 50%+ as ad load up 400% but rev only 100%; mgmt misleading on quality (gambling/game ads, not luxury). ARPPU gains frontloaded, payer churn to Sniffies inflects Q1/Q2-26. Zage/Lu 63.7% stake pledged = margin-call risk at $7-9. Trades 12x 2027E EBITDA, premium to dating peers; values at 8x.
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