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Side-by-side financial comparison of Grindr Inc. (GRND) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $71.1M, roughly 1.8× RE/MAX Holdings, Inc.). Grindr Inc. runs the higher net margin — 16.1% vs 2.0%, a 14.1% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $24.5M). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs -4.7%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
GRND vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $71.1M |
| Net Profit | $20.3M | $1.4M |
| Gross Margin | — | — |
| Operating Margin | 24.9% | 13.1% |
| Net Margin | 16.1% | 2.0% |
| Revenue YoY | 29.0% | -1.8% |
| Net Profit YoY | 116.4% | -75.2% |
| EPS (diluted) | $0.10 | — |
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 | $71.1M | ||
| Q3 25 | $115.8M | $73.2M | ||
| Q2 25 | $104.2M | $72.8M | ||
| Q1 25 | $93.9M | $74.5M | ||
| Q4 24 | $97.6M | $72.5M | ||
| Q3 24 | $89.3M | $78.5M | ||
| Q2 24 | $82.3M | $78.5M | ||
| Q1 24 | $75.3M | $78.3M |
| Q4 25 | $20.3M | $1.4M | ||
| Q3 25 | $30.8M | $4.0M | ||
| Q2 25 | $16.6M | $4.7M | ||
| Q1 25 | $27.0M | $-2.0M | ||
| Q4 24 | $-123.9M | $5.8M | ||
| Q3 24 | $24.7M | $966.0K | ||
| Q2 24 | $-22.4M | $3.7M | ||
| Q1 24 | $-9.4M | $-3.4M |
| Q4 25 | 24.9% | 13.1% | ||
| Q3 25 | 39.1% | 25.0% | ||
| Q2 25 | 23.4% | 19.3% | ||
| Q1 25 | 27.0% | 7.2% | ||
| Q4 24 | 20.9% | 5.9% | ||
| Q3 24 | 31.8% | 19.4% | ||
| Q2 24 | 29.8% | 20.6% | ||
| Q1 24 | 25.6% | 5.8% |
| Q4 25 | 16.1% | 2.0% | ||
| Q3 25 | 26.6% | 5.4% | ||
| Q2 25 | 16.0% | 6.4% | ||
| Q1 25 | 28.8% | -2.6% | ||
| Q4 24 | -126.9% | 8.0% | ||
| Q3 24 | 27.6% | 1.2% | ||
| Q2 24 | -27.2% | 4.7% | ||
| Q1 24 | -12.5% | -4.3% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.08 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $-0.65 | — | ||
| Q3 24 | $0.09 | — | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.05 | — |
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 | $118.7M |
| Total DebtLower is stronger | $395.9M | $432.2M |
| Stockholders' EquityBook value | $47.0M | $452.4M |
| Total Assets | $531.0M | $582.5M |
| Debt / EquityLower = less leverage | 8.42× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $118.7M | ||
| Q3 25 | $6.3M | $107.5M | ||
| Q2 25 | $120.8M | $94.3M | ||
| Q1 25 | $255.9M | $89.1M | ||
| Q4 24 | $59.2M | $96.6M | ||
| Q3 24 | $39.1M | $83.8M | ||
| Q2 24 | $16.3M | $66.1M | ||
| Q1 24 | $21.5M | $82.1M |
| Q4 25 | $395.9M | $432.2M | ||
| Q3 25 | $279.9M | $433.3M | ||
| Q2 25 | $283.5M | $434.4M | ||
| Q1 25 | $287.0M | $435.3M | ||
| Q4 24 | $290.6M | $436.2M | ||
| Q3 24 | $294.1M | $437.2M | ||
| Q2 24 | $297.7M | $438.1M | ||
| Q1 24 | $315.0M | $439.0M |
| Q4 25 | $47.0M | $452.4M | ||
| Q3 25 | $71.0M | $448.1M | ||
| Q2 25 | $187.7M | $442.4M | ||
| Q1 25 | $319.8M | $433.5M | ||
| Q4 24 | $-131.6M | $429.5M | ||
| Q3 24 | $-13.4M | $423.1M | ||
| Q2 24 | $-41.7M | $418.4M | ||
| Q1 24 | $-22.0M | $412.0M |
| Q4 25 | $531.0M | $582.5M | ||
| Q3 25 | $439.2M | $582.2M | ||
| Q2 25 | $547.6M | $574.8M | ||
| Q1 25 | $679.4M | $571.4M | ||
| Q4 24 | $479.1M | $581.6M | ||
| Q3 24 | $456.3M | $578.6M | ||
| Q2 24 | $435.0M | $571.4M | ||
| Q1 24 | $437.7M | $566.7M |
| Q4 25 | 8.42× | 0.96× | ||
| Q3 25 | 3.94× | 0.97× | ||
| Q2 25 | 1.51× | 0.98× | ||
| Q1 25 | 0.90× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $24.5M | $33.5M |
| FCF MarginFCF / Revenue | 19.5% | 47.1% |
| Capex IntensityCapex / Revenue | 0.2% | 10.4% |
| Cash ConversionOCF / Net Profit | 1.22× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $40.9M | ||
| Q3 25 | $55.4M | $17.7M | ||
| Q2 25 | $37.5M | $4.6M | ||
| Q1 25 | $23.8M | $5.7M | ||
| Q4 24 | $29.5M | $59.7M | ||
| Q3 24 | $29.1M | $17.6M | ||
| Q2 24 | $15.8M | $15.9M | ||
| Q1 24 | $20.4M | $9.4M |
| Q4 25 | $24.5M | $33.5M | ||
| Q3 25 | $55.2M | $16.4M | ||
| Q2 25 | $37.3M | $2.9M | ||
| Q1 25 | $23.7M | $4.0M | ||
| Q4 24 | $29.3M | $53.0M | ||
| Q3 24 | $28.8M | $16.3M | ||
| Q2 24 | $15.7M | $14.0M | ||
| Q1 24 | $20.3M | $6.8M |
| Q4 25 | 19.5% | 47.1% | ||
| Q3 25 | 47.7% | 22.4% | ||
| Q2 25 | 35.8% | 4.0% | ||
| Q1 25 | 25.2% | 5.3% | ||
| Q4 24 | 30.0% | 73.2% | ||
| Q3 24 | 32.2% | 20.8% | ||
| Q2 24 | 19.0% | 17.8% | ||
| Q1 24 | 26.9% | 8.6% |
| Q4 25 | 0.2% | 10.4% | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.3% | 9.1% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.3% | 3.3% |
| Q4 25 | 1.22× | 28.39× | ||
| Q3 25 | 1.80× | 4.45× | ||
| Q2 25 | 2.25× | 0.97× | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1.18× | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
