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Grindr Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-19
   10-K10-KS-1/A
Revenue  195.0145.8108.7
            Revenue growth  33.7%  
Operating costs and expenses     
Cost of revenue  51.337.4 
Selling, general and administrative expense  75.330.6 
Product development expense  17.910.9 
Depreciation and amortization  37.543.2 
    Total operating expenses  182.0122.1 
    Income (loss) from operations  13.023.710.2
            Operating margin  6.7%16.3% 
   
Other expense     
Interest expense, net  -31.5-18.7 
Other income (expense), net  -2.81.3 
Change in fair value of warrant liability  21.3  
    Total other expense  -13.0-17.40.0
    Net income (loss) before income tax  0.06.3 
Income tax (benefit) provision  -0.91.2 
    Net (loss) income  0.95.17.7
Comprehensive income (loss)  0.95.1 
   
Net income (loss) per share:     
Basic (in USD per share)  $0.01$0.03$0.08
Diluted (in USD per share)  $0.01$0.03 
   
Weighted-average shares outstanding:     
Basic (in shares)  157.9152.8100.5
Diluted (in shares)  159.2152.9 

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