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Side-by-side financial comparison of Grindr Inc. (GRND) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $126.0M, roughly 1.9× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs 5.0%, a 11.1% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 11.5%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $14.9M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 7.1%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
GRND vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $242.1M |
| Net Profit | $20.3M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 24.9% | 6.8% |
| Net Margin | 16.1% | 5.0% |
| Revenue YoY | 29.0% | 11.5% |
| Net Profit YoY | 116.4% | -16.2% |
| EPS (diluted) | $0.10 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $126.0M | $242.1M | ||
| Q3 25 | $115.8M | $258.5M | ||
| Q2 25 | $104.2M | $240.7M | ||
| Q1 25 | $93.9M | $219.6M | ||
| Q4 24 | $97.6M | $217.2M | ||
| Q3 24 | $89.3M | $241.7M | ||
| Q2 24 | $82.3M | $224.9M | ||
| Q1 24 | $75.3M | $211.2M |
| Q4 25 | $20.3M | $12.1M | ||
| Q3 25 | $30.8M | $24.3M | ||
| Q2 25 | $16.6M | $19.9M | ||
| Q1 25 | $27.0M | $15.3M | ||
| Q4 24 | $-123.9M | $14.4M | ||
| Q3 24 | $24.7M | $21.6M | ||
| Q2 24 | $-22.4M | $15.8M | ||
| Q1 24 | $-9.4M | $21.2M |
| Q4 25 | 24.9% | 6.8% | ||
| Q3 25 | 39.1% | 10.2% | ||
| Q2 25 | 23.4% | 9.2% | ||
| Q1 25 | 27.0% | 7.7% | ||
| Q4 24 | 20.9% | 7.9% | ||
| Q3 24 | 31.8% | 10.3% | ||
| Q2 24 | 29.8% | 8.4% | ||
| Q1 24 | 25.6% | 8.0% |
| Q4 25 | 16.1% | 5.0% | ||
| Q3 25 | 26.6% | 9.4% | ||
| Q2 25 | 16.0% | 8.3% | ||
| Q1 25 | 28.8% | 7.0% | ||
| Q4 24 | -126.9% | 6.6% | ||
| Q3 24 | 27.6% | 8.9% | ||
| Q2 24 | -27.2% | 7.0% | ||
| Q1 24 | -12.5% | 10.0% |
| Q4 25 | $0.10 | $0.12 | ||
| Q3 25 | $0.16 | $0.23 | ||
| Q2 25 | $0.08 | $0.19 | ||
| Q1 25 | $0.09 | $0.15 | ||
| Q4 24 | $-0.65 | $0.13 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $-0.13 | $0.15 | ||
| Q1 24 | $-0.05 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $87.0M | $16.3M |
| Total DebtLower is stronger | $395.9M | $84.0M |
| Stockholders' EquityBook value | $47.0M | $542.6M |
| Total Assets | $531.0M | $707.1M |
| Debt / EquityLower = less leverage | 8.42× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $16.3M | ||
| Q3 25 | $6.3M | $29.6M | ||
| Q2 25 | $120.8M | $35.0M | ||
| Q1 25 | $255.9M | $22.6M | ||
| Q4 24 | $59.2M | $57.4M | ||
| Q3 24 | $39.1M | $48.8M | ||
| Q2 24 | $16.3M | $62.5M | ||
| Q1 24 | $21.5M | $65.4M |
| Q4 25 | $395.9M | $84.0M | ||
| Q3 25 | $279.9M | $85.2M | ||
| Q2 25 | $283.5M | $96.2M | ||
| Q1 25 | $287.0M | $97.4M | ||
| Q4 24 | $290.6M | $98.6M | ||
| Q3 24 | $294.1M | $98.7M | ||
| Q2 24 | $297.7M | $123.8M | ||
| Q1 24 | $315.0M | $138.6M |
| Q4 25 | $47.0M | $542.6M | ||
| Q3 25 | $71.0M | $552.8M | ||
| Q2 25 | $187.7M | $548.3M | ||
| Q1 25 | $319.8M | $530.6M | ||
| Q4 24 | $-131.6M | $554.5M | ||
| Q3 24 | $-13.4M | $540.1M | ||
| Q2 24 | $-41.7M | $532.7M | ||
| Q1 24 | $-22.0M | $515.5M |
| Q4 25 | $531.0M | $707.1M | ||
| Q3 25 | $439.2M | $732.6M | ||
| Q2 25 | $547.6M | $731.8M | ||
| Q1 25 | $679.4M | $708.7M | ||
| Q4 24 | $479.1M | $746.4M | ||
| Q3 24 | $456.3M | $734.0M | ||
| Q2 24 | $435.0M | $756.8M | ||
| Q1 24 | $437.7M | $763.6M |
| Q4 25 | 8.42× | 0.15× | ||
| Q3 25 | 3.94× | 0.15× | ||
| Q2 25 | 1.51× | 0.18× | ||
| Q1 25 | 0.90× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $24.8M | $20.0M |
| Free Cash FlowOCF − Capex | $24.5M | $14.9M |
| FCF MarginFCF / Revenue | 19.5% | 6.2% |
| Capex IntensityCapex / Revenue | 0.2% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.22× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $20.0M | ||
| Q3 25 | $55.4M | $33.2M | ||
| Q2 25 | $37.5M | $20.3M | ||
| Q1 25 | $23.8M | $10.1M | ||
| Q4 24 | $29.5M | $16.6M | ||
| Q3 24 | $29.1M | $28.6M | ||
| Q2 24 | $15.8M | $18.7M | ||
| Q1 24 | $20.4M | $15.0M |
| Q4 25 | $24.5M | $14.9M | ||
| Q3 25 | $55.2M | $27.6M | ||
| Q2 25 | $37.3M | $17.6M | ||
| Q1 25 | $23.7M | $8.4M | ||
| Q4 24 | $29.3M | $13.2M | ||
| Q3 24 | $28.8M | $27.5M | ||
| Q2 24 | $15.7M | $17.6M | ||
| Q1 24 | $20.3M | $13.7M |
| Q4 25 | 19.5% | 6.2% | ||
| Q3 25 | 47.7% | 10.7% | ||
| Q2 25 | 35.8% | 7.3% | ||
| Q1 25 | 25.2% | 3.8% | ||
| Q4 24 | 30.0% | 6.1% | ||
| Q3 24 | 32.2% | 11.4% | ||
| Q2 24 | 19.0% | 7.8% | ||
| Q1 24 | 26.9% | 6.5% |
| Q4 25 | 0.2% | 2.1% | ||
| Q3 25 | 0.2% | 2.2% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.1% | 0.8% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.3% | 0.6% |
| Q4 25 | 1.22× | 1.65× | ||
| Q3 25 | 1.80× | 1.36× | ||
| Q2 25 | 2.25× | 1.02× | ||
| Q1 25 | 0.88× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 1.18× | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
