vs
Side-by-side financial comparison of Grindr Inc. (GRND) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $126.0M, roughly 1.1× Grindr Inc.). Grindr Inc. runs the higher net margin — 16.1% vs -2.3%, a 18.4% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 9.1%). Grindr Inc. produced more free cash flow last quarter ($24.5M vs $-7.8M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 8.3%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
GRND vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $140.7M |
| Net Profit | $20.3M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 24.9% | -1.6% |
| Net Margin | 16.1% | -2.3% |
| Revenue YoY | 29.0% | 9.1% |
| Net Profit YoY | 116.4% | 62.1% |
| EPS (diluted) | $0.10 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $115.8M | $118.8M | ||
| Q2 25 | $104.2M | $105.1M | ||
| Q1 25 | $93.9M | $104.2M | ||
| Q4 24 | $97.6M | $129.0M | ||
| Q3 24 | $89.3M | $118.6M | ||
| Q2 24 | $82.3M | $120.3M | ||
| Q1 24 | $75.3M | $120.0M |
| Q4 25 | $20.3M | $-3.2M | ||
| Q3 25 | $30.8M | $-11.7M | ||
| Q2 25 | $16.6M | $-17.3M | ||
| Q1 25 | $27.0M | $-19.1M | ||
| Q4 24 | $-123.9M | $-8.5M | ||
| Q3 24 | $24.7M | $-39.2M | ||
| Q2 24 | $-22.4M | $27.0K | ||
| Q1 24 | $-9.4M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 24.9% | -1.6% | ||
| Q3 25 | 39.1% | -10.2% | ||
| Q2 25 | 23.4% | -13.5% | ||
| Q1 25 | 27.0% | -13.9% | ||
| Q4 24 | 20.9% | -6.0% | ||
| Q3 24 | 31.8% | -39.5% | ||
| Q2 24 | 29.8% | -12.1% | ||
| Q1 24 | 25.6% | -19.3% |
| Q4 25 | 16.1% | -2.3% | ||
| Q3 25 | 26.6% | -9.9% | ||
| Q2 25 | 16.0% | -16.5% | ||
| Q1 25 | 28.8% | -18.4% | ||
| Q4 24 | -126.9% | -6.6% | ||
| Q3 24 | 27.6% | -33.1% | ||
| Q2 24 | -27.2% | 0.0% | ||
| Q1 24 | -12.5% | -41.8% |
| Q4 25 | $0.10 | $0.03 | ||
| Q3 25 | $0.16 | $0.11 | ||
| Q2 25 | $0.08 | $0.16 | ||
| Q1 25 | $0.09 | $0.18 | ||
| Q4 24 | $-0.65 | $0.08 | ||
| Q3 24 | $0.09 | $0.36 | ||
| Q2 24 | $-0.13 | $0.00 | ||
| Q1 24 | $-0.05 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $395.9M | $126.7M |
| Stockholders' EquityBook value | $47.0M | $-29.7M |
| Total Assets | $531.0M | $296.3M |
| Debt / EquityLower = less leverage | 8.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $24.3M | ||
| Q3 25 | $6.3M | $32.4M | ||
| Q2 25 | $120.8M | $34.2M | ||
| Q1 25 | $255.9M | $21.6M | ||
| Q4 24 | $59.2M | $29.0M | ||
| Q3 24 | $39.1M | $23.4M | ||
| Q2 24 | $16.3M | $23.4M | ||
| Q1 24 | $21.5M | $34.5M |
| Q4 25 | $395.9M | $126.7M | ||
| Q3 25 | $279.9M | — | ||
| Q2 25 | $283.5M | — | ||
| Q1 25 | $287.0M | — | ||
| Q4 24 | $290.6M | $70.7M | ||
| Q3 24 | $294.1M | $50.8M | ||
| Q2 24 | $297.7M | — | ||
| Q1 24 | $315.0M | — |
| Q4 25 | $47.0M | $-29.7M | ||
| Q3 25 | $71.0M | $-26.9M | ||
| Q2 25 | $187.7M | $-15.6M | ||
| Q1 25 | $319.8M | $1.3M | ||
| Q4 24 | $-131.6M | $20.2M | ||
| Q3 24 | $-13.4M | $28.0M | ||
| Q2 24 | $-41.7M | $66.4M | ||
| Q1 24 | $-22.0M | $65.5M |
| Q4 25 | $531.0M | $296.3M | ||
| Q3 25 | $439.2M | $302.1M | ||
| Q2 25 | $547.6M | $303.8M | ||
| Q1 25 | $679.4M | $293.8M | ||
| Q4 24 | $479.1M | $307.8M | ||
| Q3 24 | $456.3M | $309.3M | ||
| Q2 24 | $435.0M | $362.1M | ||
| Q1 24 | $437.7M | $382.1M |
| Q4 25 | 8.42× | — | ||
| Q3 25 | 3.94× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $24.5M | $-7.8M |
| FCF MarginFCF / Revenue | 19.5% | -5.5% |
| Capex IntensityCapex / Revenue | 0.2% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $-5.8M | ||
| Q3 25 | $55.4M | $-968.0K | ||
| Q2 25 | $37.5M | $-4.0M | ||
| Q1 25 | $23.8M | $-23.1M | ||
| Q4 24 | $29.5M | $6.8M | ||
| Q3 24 | $29.1M | $1.1M | ||
| Q2 24 | $15.8M | $-8.9M | ||
| Q1 24 | $20.4M | $-16.8M |
| Q4 25 | $24.5M | $-7.8M | ||
| Q3 25 | $55.2M | $-1.8M | ||
| Q2 25 | $37.3M | $-7.0M | ||
| Q1 25 | $23.7M | $-25.3M | ||
| Q4 24 | $29.3M | $5.7M | ||
| Q3 24 | $28.8M | $101.0K | ||
| Q2 24 | $15.7M | $-11.0M | ||
| Q1 24 | $20.3M | $-19.9M |
| Q4 25 | 19.5% | -5.5% | ||
| Q3 25 | 47.7% | -1.5% | ||
| Q2 25 | 35.8% | -6.6% | ||
| Q1 25 | 25.2% | -24.3% | ||
| Q4 24 | 30.0% | 4.4% | ||
| Q3 24 | 32.2% | 0.1% | ||
| Q2 24 | 19.0% | -9.2% | ||
| Q1 24 | 26.9% | -16.5% |
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 0.2% | 0.7% | ||
| Q2 25 | 0.2% | 2.8% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.3% | 0.8% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.3% | 2.5% |
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
