GRND Is Up 38% in Revenue and Down 50% in Price — So Who's Actually Right?
Social sentiment is catching onto a valuation disconnect that fundamentals say shouldn't exist
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| GRND Grindr Inc. | buy | $10.89 | — | — | — |
Let's talk about the most awkward valuation gap on the tape right now. $GRND — yes, Grindr — just reported 38% year-over-year revenue growth, a streak of 25%+ annual growth for four consecutive years, and an EBITDA that now exceeds what the company earned in total revenue back in 2022. The stock has still somehow fallen 50%. That math is not mathing.
CEO George Harrison has been making the Bloomberg podcast rounds explaining the disconnect: a major shareholder's pledged shares got squeezed last fall, triggering a technical selloff that had nothing to do with the business. Meanwhile, the company is evolving from a dating app into what Harrison calls a 'global gay neighborhood' — live events, AI-powered premium tiers, and apparently a Madonna pop-up concert. Bold strategy. 50% of gay relationships now start on Grindr, which is either a moat or a monopoly, depending on your regulator's mood.
Retail sentiment is starting to sniff this out. When fundamentals this strong meet a stock this beaten-up, earnings season has a habit of being very rude to short sellers.