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Side-by-side financial comparison of Grindr Inc. (GRND) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $97.9M, roughly 1.3× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs 16.1%, a 12.4% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 6.5%). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 2.5%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
GRND vs SAFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $97.9M |
| Net Profit | $20.3M | $27.9M |
| Gross Margin | — | 98.6% |
| Operating Margin | 24.9% | 27.4% |
| Net Margin | 16.1% | 28.5% |
| Revenue YoY | 29.0% | 6.5% |
| Net Profit YoY | 116.4% | 7.1% |
| EPS (diluted) | $0.10 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $115.8M | $96.2M | ||
| Q2 25 | $104.2M | $93.8M | ||
| Q1 25 | $93.9M | $97.7M | ||
| Q4 24 | $97.6M | $91.9M | ||
| Q3 24 | $89.3M | $90.7M | ||
| Q2 24 | $82.3M | $89.9M | ||
| Q1 24 | $75.3M | $93.2M |
| Q4 25 | $20.3M | $27.9M | ||
| Q3 25 | $30.8M | $29.3M | ||
| Q2 25 | $16.6M | $27.9M | ||
| Q1 25 | $27.0M | $29.4M | ||
| Q4 24 | $-123.9M | $26.0M | ||
| Q3 24 | $24.7M | $19.3M | ||
| Q2 24 | $-22.4M | $29.7M | ||
| Q1 24 | $-9.4M | $30.7M |
| Q4 25 | — | 98.6% | ||
| Q3 25 | — | 98.5% | ||
| Q2 25 | — | 99.1% | ||
| Q1 25 | — | 98.8% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 98.8% | ||
| Q2 24 | — | 98.8% | ||
| Q1 24 | — | 98.8% |
| Q4 25 | 24.9% | 27.4% | ||
| Q3 25 | 39.1% | 25.9% | ||
| Q2 25 | 23.4% | 25.5% | ||
| Q1 25 | 27.0% | 25.9% | ||
| Q4 24 | 20.9% | 24.6% | ||
| Q3 24 | 31.8% | 17.5% | ||
| Q2 24 | 29.8% | 26.7% | ||
| Q1 24 | 25.6% | 26.4% |
| Q4 25 | 16.1% | 28.5% | ||
| Q3 25 | 26.6% | 30.5% | ||
| Q2 25 | 16.0% | 29.8% | ||
| Q1 25 | 28.8% | 30.1% | ||
| Q4 24 | -126.9% | 28.3% | ||
| Q3 24 | 27.6% | 21.3% | ||
| Q2 24 | -27.2% | 33.0% | ||
| Q1 24 | -12.5% | 33.0% |
| Q4 25 | $0.10 | $0.38 | ||
| Q3 25 | $0.16 | $0.41 | ||
| Q2 25 | $0.08 | $0.39 | ||
| Q1 25 | $0.09 | $0.41 | ||
| Q4 24 | $-0.65 | $0.36 | ||
| Q3 24 | $0.09 | $0.27 | ||
| Q2 24 | $-0.13 | $0.42 | ||
| Q1 24 | $-0.05 | $0.43 |
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 | $21.7M |
| Total DebtLower is stronger | $395.9M | $4.6B |
| Stockholders' EquityBook value | $47.0M | $2.4B |
| Total Assets | $531.0M | $7.2B |
| Debt / EquityLower = less leverage | 8.42× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $21.7M | ||
| Q3 25 | $6.3M | $12.1M | ||
| Q2 25 | $120.8M | $13.9M | ||
| Q1 25 | $255.9M | $17.3M | ||
| Q4 24 | $59.2M | $8.3M | ||
| Q3 24 | $39.1M | $15.6M | ||
| Q2 24 | $16.3M | $13.4M | ||
| Q1 24 | $21.5M | $11.3M |
| Q4 25 | $395.9M | $4.6B | ||
| Q3 25 | $279.9M | $4.5B | ||
| Q2 25 | $283.5M | $4.4B | ||
| Q1 25 | $287.0M | $4.3B | ||
| Q4 24 | $290.6M | $4.3B | ||
| Q3 24 | $294.1M | $4.3B | ||
| Q2 24 | $297.7M | $4.2B | ||
| Q1 24 | $315.0M | $4.1B |
| Q4 25 | $47.0M | $2.4B | ||
| Q3 25 | $71.0M | $2.4B | ||
| Q2 25 | $187.7M | $2.4B | ||
| Q1 25 | $319.8M | $2.4B | ||
| Q4 24 | $-131.6M | $2.3B | ||
| Q3 24 | $-13.4M | $2.3B | ||
| Q2 24 | $-41.7M | $2.3B | ||
| Q1 24 | $-22.0M | $2.3B |
| Q4 25 | $531.0M | $7.2B | ||
| Q3 25 | $439.2M | $7.1B | ||
| Q2 25 | $547.6M | $7.1B | ||
| Q1 25 | $679.4M | $6.9B | ||
| Q4 24 | $479.1M | $6.9B | ||
| Q3 24 | $456.3M | $6.8B | ||
| Q2 24 | $435.0M | $6.8B | ||
| Q1 24 | $437.7M | $6.7B |
| Q4 25 | 8.42× | 1.90× | ||
| Q3 25 | 3.94× | 1.89× | ||
| Q2 25 | 1.51× | 1.87× | ||
| Q1 25 | 0.90× | 1.85× | ||
| Q4 24 | — | 1.84× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $24.5M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.22× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $47.8M | ||
| Q3 25 | $55.4M | $-1.4M | ||
| Q2 25 | $37.5M | $28.0M | ||
| Q1 25 | $23.8M | $8.9M | ||
| Q4 24 | $29.5M | $37.9M | ||
| Q3 24 | $29.1M | $8.3M | ||
| Q2 24 | $15.8M | $24.8M | ||
| Q1 24 | $20.4M | $-3.1M |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $55.2M | — | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $29.3M | — | ||
| Q3 24 | $28.8M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $20.3M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 25.2% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 26.9% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.22× | 1.72× | ||
| Q3 25 | 1.80× | -0.05× | ||
| Q2 25 | 2.25× | 1.00× | ||
| Q1 25 | 0.88× | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 1.18× | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
