Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2022	Mar. 14, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-39714
Entity Registrant Name	Grindr Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-1079067
Entity Address, Address Line Two	N. San Vincente Blvd., Suite RE 1400
Entity Address, Address Line One	PO Box 69176750
Entity Address, Postal Zip Code	90069
Entity Address, City or Town	West Hollywood
Entity Address, State or Province	CA
City Area Code	310
Local Phone Number	776-6680
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 283,452,000
Entity Common Stock, Shares Outstanding		173,745,032
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement for the 2023 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such Proxy Statement will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year ended December 31, 2022
Entity Central Index Key	0001820144
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	GRND
Security Exchange Name	NYSE
Public and Private Warrants
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
Trading Symbol	GRND.WS
Security Exchange Name	NYSE

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Auditor Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	Los Angeles, California

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 8,725	$ 15,778
Accounts receivable, net of allowances of $336 and $53 at December 31, 2022 and December 31, 2021, respectively	22,435	17,885
Prepaid expenses	7,622	2,330
Deferred charges	3,652	4,611
Other current assets	750	3,308
Total current assets	43,184	43,912
Restricted cash	1,392	1,392
Property and equipment, net	2,021	2,374
Capitalized software development costs, net	7,385	3,637
Intangible assets, net	104,544	139,708
Right of use assets	4,535	0
Goodwill	275,703	258,619
Other assets	64	84
Total assets	438,828	449,726
Current liabilities
Accounts payable	5,435	2,437
Accrued expenses and other current liabilities	15,681	3,539
Current maturities of long-term debt, net	22,152	3,840
Deferred revenue	18,586	20,077
Total current liabilities	61,854	29,893
Long-term debt, net	338,476	133,279
Warrant liability	17,933	0
Lease liability	3,658	0
Deferred income taxes	12,528	20,912
Other non-current liabilities	327	2,405
Total liabilities	434,776	186,489
Commitments and Contingencies (Note 13)
Stockholders’ equity:
Preferred stock, par value $0.0001; 100,000,000 shares and unlimited shares authorized; none issued and outstanding at December 31, 2022 and December 31, 2021, respectively	0	0
Common stock, par value $0.0001; 1,000,000,000 shares and unlimited shares authorized; 173,524,360 and 155,541,074 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	17	16
Additional paid-in capital	9,078	269,116
Accumulated deficit	(5,043)	(5,895)
Total stockholders’ equity	4,052	263,237
Total liabilities and stockholders’ equity	$ 438,828	$ 449,726

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowance for credit loss	$ 336	$ 53
Preferred stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	173,524,360	155,541,074
Common stock, shares outstanding (in shares)	173,524,360	155,541,074

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 195,015	$ 145,833
Operating costs and expenses
Cost of revenue (exclusive of depreciation and amortization shown separately below)	51,280	37,358
Selling, general and administrative expense	75,295	30,618
Product development expense	17,900	10,913
Depreciation and amortization	37,505	43,234
Total operating costs and expenses	181,980	122,123
Income from operations	13,035	23,710
Other expense
Interest expense, net	(31,538)	(18,698)
Other (expense) income, net	(2,799)	1,288
Change in fair value of warrant liability	21,295	0
Total other expense	(13,042)	(17,410)
Net (loss) income before income tax	(7)	6,300
Income tax (benefit) provision	(859)	1,236
Net income	852	5,064
Comprehensive income	$ 852	$ 5,064
Net income per share:
Basic (in USD per share)	$ 0.01	$ 0.03
Diluted (in USD per share)	$ 0.01	$ 0.03
Weighted-average shares outstanding:
Basic (in shares)	157,882,535	152,811,130
Diluted (in shares)	159,166,872	152,867,466

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Previously Reported	Retroactive application of recapitalization	Preferred Stock Previously Reported	Common Stock	Common Stock Series Y Preferred Units	Common Stock Series X, Ordinary Units	Common Stock Previously Reported	Common Stock Previously Reported Series Y Preferred Units	Common Stock Previously Reported Series X, Ordinary Units	Common Stock Retroactive application of recapitalization	Common Stock Retroactive application of recapitalization Series X, Ordinary Units	Additional paid-in capital	Additional paid-in capital Previously Reported	Additional paid-in capital Retroactive application of recapitalization	Accumulated deficit	Accumulated deficit Previously Reported
Preferred Stock, Beginning Balance (in shares) at Dec. 31, 2020				0
Beginning balance at Dec. 31, 2020	$ 256,258	$ 256,258	$ 0	$ 0	$ 15		$ 0	$ 0	$ 0	$ 1	$ 15	$ (1)	$ 267,202	$ 267,216	$ (14)	$ (10,959)	$ (10,959)
Common Stock, Beginning Balance (in shares) at Dec. 31, 2020					147,561,390		0	0	0	105,180,224	147,561,390	(105,180,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,064															5,064
Issuance of units and common stock (in shares)					7,557,913
Issuance of units and common stock	30,000				$ 1								29,999
Promissory note to a member	(30,000)												(30,000)
Interest on the promissory note to a member	(2,038)												(2,038)
Related party unit-based compensation	1,333												1,333
Stock-based compensation expense	1,269												1,269
Exercise of stock options (in shares)					421,771
Exercise of stock options	$ 1,351												1,351
Preferred Stock, Ending Balance (in shares) at Dec. 31, 2021	0			0
Ending balance at Dec. 31, 2021	$ 263,237			$ 0	$ 16	$ 0	$ 0						269,116			(5,895)
Common Stock, Ending Balance (in shares) at Dec. 31, 2021	155,541,074				155,541,074	0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 852															852
Issuance of units and common stock (in shares)					7,385,233
Issuance of units and common stock	(65,983)												(65,983)
Interest on the promissory note to a member	(2,842)												(2,842)
Member distributions	(367,114)												(367,114)
Repayment of promissory note to a member	11,167												11,167
Payment of interest on promissory note to member	4,642												4,642
Downward merger of San Vicente entities	26,667												26,667
Exercise of forward purchase agreement (in shares)					10,000,000
Exercise of Forward Purchase Agreement	102,830				$ 1								102,829
Related party unit-based compensation	25,076												25,076
Stock-based compensation expense	3,497												3,497
Exercise of stock options (in shares)					598,053
Exercise of stock options	$ 2,023												2,023
Preferred Stock, Ending Balance (in shares) at Dec. 31, 2022	0			0
Ending balance at Dec. 31, 2022	$ 4,052			$ 0	$ 17	$ 0	$ 0						$ 9,078			$ (5,043)
Common Stock, Ending Balance (in shares) at Dec. 31, 2022	173,524,360				173,524,360	0	0

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (PARENTHETICAL)	Dec. 31, 2022 $ / shares
Preferred stock, par value (in USD per share)	$ 0.0001
Common stock, par value (in USD per share)	0.0001
Preferred Stock
Preferred stock, par value (in USD per share)	0.0001
Common Stock
Common stock, par value (in USD per share)	0.0001
Common Stock \| Series Y Preferred Units
Common stock, par value (in USD per share)	0.00001
Common Stock \| Series X, Ordinary Units
Common stock, par value (in USD per share)	$ 0.00001

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Operating activities
Net income	$ 852,000	$ 5,064,000
Adjustments to reconcile net income to net cash provided by operating activities:
Share/Unit-based compensation	28,422,000	2,602,000
Gain on Paycheck Protection Program loan forgiveness	0	(1,535,000)
Fair value change in warrant liability	(21,295,000)	0
Transaction costs allocated to warrant liability	2,302,000	0
Loss on extinguishment on deferred purchase price paid to Kunlun	11,851,000	0
Accrual of premium on debt	0	1,118,000
Amortization of debt issuance costs	1,281,000	1,180,000
Interest income on promissory note from member	(2,842,000)	(2,038,000)
Depreciation and amortization	37,505,000	43,234,000
Provision for doubtful accounts	282,000	53,000
Deferred income taxes	(11,218,000)	(4,312,000)
Non-cash lease expense	1,050,000	0
Changes in operating assets and liabilities:
Accounts receivable	(4,832,000)	(6,105,000)
Prepaid expenses and deferred charges	(4,440,000)	(1,777,000)
Other current assets	2,558,000	(3,292,000)
Other assets	20,000	37,000
Accounts payable	1,802,000	1,845,000
Accrued expenses and other current liabilities	10,211,000	(7,481,000)
Deferred revenue	(1,491,000)	6,547,000
Due to/(from) related party	0	10,000
Lease liability	(1,989,000)	0
Other liabilities	615,000	(720,000)
Net cash provided by operating activities	50,644,000	34,430,000
Investing activities
Purchase of property and equipment	(430,000)	(269,000)
Additions to capitalized software	(5,155,000)	(3,528,000)
Net cash used in investing activities	(5,585,000)	(3,797,000)
Financing activities
Proceeds from issuance of common stock in the Business Combination	5,182,000	0
Proceeds from exercise of Forward Purchase Agreement	100,000,000	0
Transaction costs paid in connection with the Business Combination	(28,460,000)	0
Payment of related party note payable	(1,780,000)	0
Payment of deferred purchase price to Kunlun	(155,000,000)	0
Proceeds from exercise of stock options	2,023,000	1,351,000
Distributions paid	(196,305,000)	0
Proceeds from issuance of debt	230,800,000	0
Proceeds from issuance of debt	(3,480,000)	(56,640,000)
Payment of debt issuance costs	(5,092,000)	(960,000)
Net cash used in financing activities	(52,112,000)	(56,249,000)
Net decrease in cash, cash equivalents and restricted cash	(7,053,000)	(25,616,000)
Cash, cash equivalents and restricted cash, beginning of the period	17,170,000	42,786,000
Cash, cash equivalents and restricted cash, end of the period	10,117,000	17,170,000
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	8,725,000	15,778,000
Restricted cash	1,392,000	1,392,000
Cash, cash equivalents and restricted cash	10,117,000	17,170,000
Supplemental disclosure of cash flow information:
Cash interest paid	18,054,000	22,751,000
Income taxes paid	2,236,000	9,514,000
Supplemental disclosure of non-cash financing activities:
Paycheck Protection Program loan forgiveness	0	1,535,000
Repayment of principal and interest on the promissory note to a member from distributions	15,809,000	0
Promissory note to Group Holdings in relation to the Distribution (defined below)	155,000,000	0
Member distributions	(170,809,000)	0
Transaction costs incurred but not yet paid	$ (1,196,000)	$ 0

Nature of Business	12 Months Ended
Nature of Business	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Grindr Inc. (“Grindr” or the “Company”) is headquartered in Los Angeles, California and manages and operates the Grindr app, a global LGBTQ social network platform serving and addressing the needs of the entire LGBTQ queer community. The Grindr app is available through Apple’s App Store for iPhones and Google Play for Android. The Company offers both a free, ad-supported service and a premium subscription version. The Company also manages a dating service app called Blendr, for a broader market. Grindr was originally incorporated in the Cayman Islands on July 27, 2020 under the name Tiga Acquisition Corp. (“Tiga”), a special-purpose acquisition company for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or engaging in any other similar business combination with one or more businesses or entities. On May 9, 2022, Grindr Group LLC and its subsidiaries (“Legacy Grindr”) entered into an Agreement and Plan of Merger (as amended on October 5, 2022, the “Merger Agreement”) with Tiga, in which Legacy Grindr would become a wholly owned subsidiary of Tiga (the “Business Combination”). On November 17, 2022, Tiga was redomiciled to the United States (the “Domestication”). Upon the closing of the Business Combination on November 18, 2022 (the “Closing”), Tiga was renamed to “Grindr Inc.” Prior to the Business Combination, Legacy Grindr was a wholly owned subsidiary of San Vicente Group Holdings LLC (“Group Holdings”), which was the joint subsidiary of San Vicente Group TopCo LLC (“SVG”), a wholly owned subsidiary of San Vicente Acquisition LLC (“SVA”), and San Vicente Equity Joint Venture LLC (“SVE”), a related party and subsidiary of SVA. SVA was a wholly owned subsidiary of San Vicente Parent LLC (“SV Parent”), which was a wholly owned subsidiary of San Vicente Offshore Holdings (Cayman) Limited (“SV Cayman”), which was a wholly owned subsidiary of San Vicente Investments II, Inc. (“SV Investments II”), a wholly owned subsidiary of San Vicente Investments, Inc. (“SV Investments”). Immediately prior to the Business Combination, SVE was liquidated and Group Holdings, SVG, SVA, SV Parent, SV Cayman, and SV Investments II merged down with and into Legacy Grindr. The accounting treatment for each of these transactions is reflected as a contribution of assets and liabilities between entities under common control, which does not result in a change in reporting entity requiring retrospective restatement of the historical financial statements. See Note 3 – Reverse Recapitalization for more information. Throughout the notes to the consolidated financial statements, unless otherwise noted, the “Company” refers to Legacy Grindr and its subsidiaries prior to the consummation of the Business Combination, and Grindr and its subsidiaries after the consummation of the Business Combination.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Business Combination and Basis of Presentation

The Business Combination has been accounted for as a reverse recapitalization under U.S. GAAP. Under this method of accounting, Tiga has been treated as the acquired company for financial reporting purposes. This determination is primarily based on the Legacy Grindr unitholders having a relative majority of the voting power of Grindr, Legacy Grindr unitholders having the ability to nominate the majority of the members of the board of directors, Legacy Grindr senior management comprising the senior management roles of Grindr and are responsible for the day-to-day operations, and for the strategy and operations of Grindr continue Legacy Grindr’s historical strategy and operations. Accordingly, for accounting purposes, the financial statements of Grindr represent a continuation of the financial statements of Legacy Grindr with the Business Combination being treated as the equivalent of Legacy Grindr issuing shares for the net assets of Tiga, accompanied by a recapitalization. The net assets of Tiga were recognized as of the Closing at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are presented as those of Legacy Grindr and the accumulated deficit of Legacy Grindr has been carried forward after Closing.

All periods prior to the Business Combination have been retrospectively adjusted using the exchange ratio for the equivalent number of shares outstanding immediately after the Closing to effect the reverse recapitalization (the "Exchange Ratio"). In addition, all granted and outstanding unvested Legacy Grindr unit options were converted using the Exchange Ratio into options exercisable for shares of Grindr common stock with the same terms and vesting conditions. See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the operating results of the Company and its wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.

Accounting Estimates

Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated financial statements in accordance with U.S. GAAP. These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the useful lives and recoverability of property and equipment and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the fair value of acquisition-related contingent consideration arrangements; the fair value of common stock warrant liabilities; valuation allowance; unrecognized tax benefits; legal contingencies; the incremental borrowing rate for the Company's leases; and the valuation of stock-based compensation, among others.

Segment Information

The Company operates in one segment. The Company’s operating segments are identified according to how the performance of its business is managed and evaluated by its chief operating decision maker, the Company’s Chief Executive Officer (“CEO”). Substantially all of the Company’s long-lived assets are attributed to operations in the U.S.

Cash and Cash Equivalents

Cash and cash equivalents consist entirely of cash and money market accounts. The Company considers all highly liquid short-term investments purchased with an original maturity of ninety days or less at the time of purchase to be cash equivalents.

Restricted Cash

Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded as a non-current asset on the consolidated balance sheets. The restricted cash balance as of December 31, 2022 and December 31, 2021 was related to a letter of credit held with a financial institution for leased office space secured by the Company as described in Note 13.

Foreign Currency Transactions

Transaction gains and losses denominated in a currency other than the functional currency are included in “Other income (expense), net” on the consolidated statements of operations and comprehensive income.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last is considered unobservable:


Level 1 -			Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets.

Level 2 -			Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active, and inputs that are derived principally from or corroborated by observable market data.

Level 3 -			Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities.

Recurring Fair Value Measurements

The following methods and assumptions were used to estimate the fair value of each class of financial assets and liabilities for which it is practicable to estimate fair value:

•Money market funds — The carrying amount of money market funds approximates fair value and is classified within Level 1 because the fair value is determined through quoted market prices.

•Liability-classified awards — Executives were granted liability-classified compensation awards requiring fair value measurement at the end of each reporting period. The Company used the Monte Carlo simulation model to value the awards, utilizing Level 3 inputs.

•Warrant liability — Public Warrants are classified within Level 1 as these securities are traded on an active public market. Private Warrants are classified within Level 2. For the periods presented, the Company utilized the value of the Public Warrants as an approximation of the value of the Private Warrants as they are substantially similar to the Public Warrants, but not directly traded or quoted on an active market.

The Company’s remaining financial instruments that are measured at fair value on a recurring basis consist primarily of cash, accounts receivable, accounts payable, accrued expenses, and other current liabilities. The Company believes their carrying values are representative of their fair values due to their short-term maturities. For disclosure in Note 11, the fair values of the Company’s Credit Agreement balances were measured by comparing their prepayment values and observable market data consisting of interest rates based on similar credit ratings.

Nonrecurring Fair Value Measurements

Assets acquired and liabilities assumed in business combinations are initially measured at fair value on the acquisition date on a nonrecurring basis using Level 3 inputs.

The Company is required to measure certain assets at fair value on a nonrecurring basis after initial recognition. These include goodwill, intangible assets, and long-lived assets, which are measured at fair value on a nonrecurring basis as a result of impairment reviews and any resulting impairment charge. Impairment is assessed annually in the fourth quarter or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit or assets below the carrying value, as described below. The fair value of the reporting unit or asset groups is determined primarily using cost and market approaches (Level 3).

Property and Equipment

Property and equipment, including leasehold improvements, are carried at cost less accumulated depreciation. For property and equipment acquired through a business combination, it is carried at the fair value as of the acquisition date less subsequent accumulated depreciation. Depreciation expense is calculated using the straight-line method over the estimated useful lives of the assets, and in the case of leasehold improvements, the lease term, if shorter, as follows:


			Estimated Useful Lives
Computer equipment..................................................................................................			3 years
Furniture and fixtures.................................................................................................			5 years
Leasehold improvements............................................................................................			5 to 10 years

Maintenance and repairs are charged to expense as incurred and additions and improvements are capitalized. Upon the sale or retirement of property and equipment, the accounts are relieved of the cost and the related accumulated depreciation, with any resulting gain or loss included in “Selling, general and administrative expense” on the consolidated statements of operations and comprehensive income.

Goodwill and Indefinite-Lived Intangible Assets

The Company assesses goodwill on its one reporting unit and indefinite-lived intangible assets for impairment annually in the fourth quarter, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit or the fair value of an indefinite-lived intangible asset below its carrying value.

When the Company elects to perform a qualitative assessment and concludes it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting unit’s goodwill is

necessary; otherwise, a quantitative assessment is performed and the fair value of the reporting unit is determined. If the carrying value of the reporting unit exceeds its fair value, an impairment loss equal to the excess is recorded.

The Company foregoes a qualitative assessment and tests goodwill for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of goodwill involves a comparison of the estimated fair value of the Company’s reporting unit to its carrying value, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

In the fourth quarters of the fiscal years ended 2022 and 2021, the Company performed its qualitative assessment and determined that it was not more likely than not that the recorded goodwill was impaired.

The Company uses a qualitative approach to test indefinite-lived intangible assets (which currently consists of tradenames) for impairment by first assessing qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform quantitative impairment testing. The Company evaluated the qualitative factors of the indefinite-lived intangible assets in connection with the annual impairment testing for the periods presented. The results of the qualitative analysis of the Company’s indefinite-lived intangible assets indicated that the fair value of the indefinite- lived intangible assets exceeded their carrying value.

The Company foregoes a qualitative assessment and tests indefinite-lived intangible assets for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of indefinite-lived intangible assets involves a comparison of the estimated fair value of the indefinite-lived assets to their carrying value. If the estimated fair value of the indefinite-lived assets exceeds their carrying value, the indefinite-lived intangible assets are not impaired. If the carrying value of the indefinite-lived assets exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

Long-Lived Assets and Intangible Assets with Definite Lives

Long-lived assets, which consist of property and equipment, right-of-use ("ROU") assets, capitalized software, and intangible assets with definite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value. Amortization of long-lived intangible assets is computed either on a straight-line basis or based on the pattern in which the economic benefits of the asset will be realized.

Capitalized Software Development Costs and Cloud Computing Arrangements

The Company capitalizes the costs associated with software developed or obtained for internal use, including costs incurred in connection with the development of its app and functionalities within the app. The Company capitalizes certain costs when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and performed as intended. These capitalized costs include personnel and related expenses for employees and costs of third-party contractors and vendors who are directly associated with and who devote time to internal-use software projects. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Costs incurred for significant upgrades and enhancements to the software solutions are also capitalized. Costs incurred for training, maintenance, and minor modifications or enhancements are expensed as incurred. Capitalized software development costs are amortized using the straight-line method over an estimated useful life of three years.

The Company capitalizes certain implementation costs incurred related to cloud computing arrangements that are service contracts. Such costs are amortized on a straight-line basis over the term of the associated hosting arrangement plus any reasonably certain renewal period. Any capitalized amounts related to such arrangements are recorded within “Other assets” on the consolidated balance sheets.

Revenue Recognition

Revenue is recognized when or as a customer obtains control of promised services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to in exchange for these services. A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party’s rights regarding the services to be transferred and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that

are transferred is probable based on the customer’s intent and ability to pay the promised consideration. Sales tax, including value added tax, is excluded from reported revenue.

The Company derives substantially all of its revenue from subscription revenue and advertising revenue. As permitted under the practical expedient available under ASU 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promised accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue for the amount at which the Company has the right to invoice for services performed.

Direct Revenue

Direct revenue consists of subscription revenue. Subscription revenue is generated through the sale of monthly subscriptions that are currently offered in one, three, six, and twelve-month lengths. Subscription revenue is presented net of taxes, credits, and chargebacks. Subscribers pay in advance, primarily through mobile app stores, and, subject to certain conditions identified in the Company’s terms and conditions, generally all purchases are final and nonrefundable. Revenue is initially deferred and is recognized using the straight-line method over the term of the applicable subscription period.

Indirect Revenue

Indirect revenue consists of advertising revenue and other non-direct revenue. The Company has contractual relationships with advertising service providers and also directly with advertisers to display advertisements in the Grindr app. For all advertising arrangements, the Company’s performance obligation is to provide the inventory for advertisements to be displayed in the Grindr app. For contracts made directly with advertisers, the Company is also obligated to serve the advertisements in the Grindr app. Providing the advertising inventory and serving the advertisement is considered a single performance obligation, as the advertiser cannot benefit from the advertising space without its advertisements being displayed.

The pricing and terms for all advertising arrangements are governed by either a master contract or insertion order. The transaction price in advertising arrangements is generally the product of the number of advertising units delivered (e.g., impressions, offers completed, videos viewed, etc.) and the contractually agreed upon price per advertising unit. Further, for advertising transactions with advertising service providers, the contractually agreed upon price per advertising unit is generally based on the Company’s revenue share or fixed revenue rate as stated in the contract. The number of advertising units delivered is determined at the end of each month, which resolves any uncertainty in the transaction price during the reporting period.

Transaction Price

The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services, including amounts that are variable. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period. There are no instances where variable consideration is considered material in any of the Company’s arrangements.

The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of revenue or cost of revenue.

For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASU 2014-09 applicable to such contracts and does not consider the time value of money.

Principal/Agent Considerations

In arrangements where another party (e.g., advertising service provider) is involved in providing advertising services to an advertiser, the Company evaluates whether it is the principal or agent. In instances where the Company does not retain control of advertising inventory and does not have discretion in establishing price, the Company is the agent. In those cases, the Company does not have discretion to set pricing in its arrangements because it receives a percentage of the amount the advertising service provider charges the advertiser and it does not have a contractual relationship with the advertiser. Accordingly, the Company recognizes revenue related to advertising service providers on a net basis.

Account Receivables, net of allowance for doubtful accounts

The majority of app users access the Company’s services through mobile app stores. At December 31, 2022 and December 31, 2021, two mobile app stores accounted for approximately 43.3% and 15.9%, and 43.6% and 14.4%,

respectively, of the Company’s gross accounts receivables. The Company evaluates the credit worthiness of these two mobile app stores on an ongoing basis and does not require collateral from these entities. The Company generally collects these balances between 30 and 45 days following the purchase by the customer.

Accounts receivable also include amounts billed and currently due from advertising customers. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of accounts receivable that will not be collected. The allowance for doubtful accounts is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, and the specific customer’s ability to pay its obligation. The time between the Company issuance of an invoice and payment due date is not significant; payments that are not collected in advance of the transfer of promised services are generally due between 30 and 60 days from the invoice date. The accounts receivable balances, net of allowances, were $22,435 and $17,885 as of December 31, 2022 and December 31, 2021, respectively. The opening balance of accounts receivable, net of allowances, was $11,833 as of January 1, 2021.

Deferred Charges

The Company defers certain costs as an asset, primarily mobile app store distribution fees paid to the Company’s mobile app store download platforms, and recognizes such costs in cost of revenue, along with deferred revenue, as the services are provided, which is consistent with the subscription period. The fee differs based on the agreed upon percentage depending on the country from which the revenue originated and the length of consecutively paid subscriptions, generally approximating 30.0% of revenues for initial subscriptions. For the years ended December 31, 2022 and 2021, the Company recognized cost of revenue of $36,907 and $29,020, respectively, related to these costs.

Contract Liabilities

Deferred revenue consists of advance payments that are received or are contractually due in advance of the Company’s performance. The Company classifies subscription deferred revenue as current and recognizes revenue ratably over the terms of the applicable subscription period or expected completion of the performance obligation which range from one to twelve months. The deferred revenue balances were $18,586 and $20,077 as of December 31, 2022 and December 31, 2021, respectively. The opening balance of deferred revenue was $13,530 as of January 1, 2021.

For the year ended December 31, 2022, the Company recognized $20,077 of revenue that was included in the deferred revenue balance as of December 31, 2021. For the year ended December 31, 2021, the Company recognized $13,530 of revenue that was included in the deferred revenue balance as of December 31, 2020.

Disaggregation of Revenue

The following tables summarize revenue from contracts with customers for the year ended December 31, 2022 and 2021, respectively:


	Year Ended December 31,
	2022		2021
Direct revenue	$	163,308	$	116,031
Indirect revenue	31,707		29,802
	$	195,015	$	145,833


	Year Ended December 31,
	2022		2021
United States	$	121,958	$	93,628
United Kingdom	14,339		10,704
Rest of the world	58,718		41,501
	$	195,015	$	145,833

Cost of revenue

Cost of revenue consists primarily of mobile app store distribution fees, as well as credit card processing fees. Cost of revenue also includes third-party vendor costs related to customer care functions such as customer service, data center and hosting fees, moderators, and other auxiliary costs associated with providing services to customers.

Selling, general and administrative expense

Selling, general and administrative expense consists of compensation expense (including unit and stock-based compensation expense) and other employee related costs for personnel engaged in selling and marketing, sales support

functions, executive management, finance, legal, tax, and human resources. Selling expenses also include advertising, brand marketing, digital and social media spend, and field marketing expenses. General and administrative expense also include transaction costs, allocated expenses associated with facilities, information technology, external professional services, legal costs and settlement of legal claims and other administrative expenses.

Product development expense

Product development expense consists primarily of compensation (including stock and unit-based compensation expense) and other employee-related costs for personnel engaged in the design, development, testing, and enhancement of product offerings and related technology.

Depreciation and amortization expenses

Depreciation and amortization expenses are primarily related to computer equipment, leasehold improvements, furniture and fixtures, customer relationships, technology, and capitalized software development costs.

Advertising Costs

Advertising costs are expensed as incurred. Advertising costs totaled $3,014 and $1,293 for the years ended December 31, 2022 and 2021, respectively. Advertising costs are included in “Selling, general and administrative expense” in the consolidated statements of operations and comprehensive income.

Leases

Accounting for Leases prior to the adoption of Topic 842

Periods prior to fiscal year 2022 reflect the provisions of Topic 840, Leases (“Topic 840”). Under Topic 840, rent expense was recorded on a straight-line basis over the lease term. The difference between cash payments for rent and the expense recorded was reported on a straight-line basis as current and non-current deferred rent within accrued expenses and other current liabilities and other long-term liabilities, and as prepaid rent within other current assets and other assets, respectively, in the accompanying consolidated balance sheets.

Adoption of Topic 842: Company as a lessee

An arrangement is assessed to determine if it is or contains a lease at contract inception. Right-of-use assets and lease liabilities, which are disclosed in the accompanying consolidated balance sheets, are recognized at the commencement date of the lease based on the present value of the lease payments over the lease term using the Company’s incremental borrowing rate on the lease commencement date. At the date of adoption of Topic 842 (refer to "Recently Adopted Accounting Pronouncements" below), the incremental borrowing rate for the Company's existing lease was determined based on the initial lease term. If the lease contains an option to extend the lease term, the renewal option is considered in the lease term if it is reasonably certain that the Company will exercise the option.

Operating lease expense is recognized on a straight-line basis over the term of the lease. Short-term leases, defined as leases with an initial term of twelve months or less, are not recorded on the consolidated balance sheets.

Adoption of Topic 842: Company as a lessor

Rental income from operating leases is recognized on a straight-line basis over the term of the lease.

See Recently Adopted Accounting Pronouncements and Note 13 for additional information on the adoption of Topic 842.

Income Taxes

Legacy Grindr restructured immediately prior to the Business Combination. The restructuring created two tax periods, one for Legacy Grindr through the restructuring, and one for Grindr through the remainder of the year. Legacy Grindr has elected to be treated as a C corporation for taxation purposes. The Company uses the asset and liability method when accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. The Company recognizes the effect of income tax

positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Valuation allowances are provided against tax assets when it is determined that it is more-likely-than-not that the assets will not be realized.

The Company evaluates and accounts for uncertain tax positions using a two-step approach. Recognition (step one) occurs when the Company concludes that a tax position, based on its technical merits, is more likely than not to be sustainable upon examination. Measurement (step two) determines the amount of the benefit that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained. The provision for income taxes included the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate, as well as the related interest and penalties.

Stock-based Compensation

The Company issues stock-based compensation awards to employees, officer, directors, and non-employees in the form of stock options and restricted stock units (“RSUs”). Compensation expense related to employee and non-employee stock-based awards is measured and recognized in the consolidated financial statements based on the fair value of the awards granted.

The Company’s stock-based compensation includes compensation expense related to the grant of service-based RSUs ("Time-Based Awards") and RSUs containing a market condition ("Market Condition Awards") granted under the 2022 Plan, service-based stock options and restricted units granted under the 2020 Plan, and the service-based and performance-based Series P Units (defined in Note 17) granted by SVE to employees and consultants of Legacy Grindr. Forfeitures of stock-based compensation awards are recognized as they occur.

The Company measures the fair value of the Time-Based Awards based on the fair value on the grant date of the Company’s common stock. Compensation expense for RSUs with time-based vesting conditions is recognized on a straight-line basis over the requisite service period.

The fair value of the Market Condition Awards that are liability-classified is estimated using a Monte Carlo simulation model. Prior to vesting, compensation expense is recognized over the derived service period using the accelerated attribution approach based on the fair market value of the award at the time of grant, regardless of whether the market condition is satisfied. At the end of each financial reporting period prior to the vesting date, the fair value of these awards is remeasured using a Monte Carlo simulation model.

The Company granted stock options to employees under the 2020 Plan that vest based solely on continued service, or service conditions. Prior to the Business Combination, the fair value of each option award containing service conditions was estimated on the grant date using the Black-Scholes option-pricing model. The use of the Black-Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk-free rate of interest and the dividend yield on the Company’s common stock. The Company recognizes stock-based compensation expense on a straight-line basis of the requisite service periods of the awards, which is generally four years. Upon completion of the Business Combination, all outstanding and unvested unit option awards granted under the 2020 Plan were converted using the Exchange Ratio into options exercisable for shares of Grindr common stock with the same terms and vesting conditions. See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

The estimated fair value of the Series P performance-based profit units awards is determined using the Black-Scholes valuation model which approximated the option pricing model valuation model. Performance-based profit units require management to make assumptions regarding the likelihood of achieving Legacy Grindr’s performance goals and the Company recognizes compensation expense when the likelihood of the achievement of the performance-based criteria is probable, using an accelerated attribution method. Forfeitures are recognized as they occur.

In addition, prior to the Business Combination, given the absence of a public trading market, Legacy Grindr’s Board of Managers, along with management, exercised reasonable judgment and considered numerous objective and subjective factors to determine the fair value of the Company’s common stock including, but not limited to: (i) contemporaneous valuations performed by an independent valuation specialist; (ii) the Company’s operating and financial performance; (iii) issuances of preferred and ordinary units; (iv) the valuation of comparable companies; (v) current condition of capital markets and the likelihood of achieving a liquidity event, such as an initial public offering; and (vi) the lack of marketability of its common stock. Following the Business Combination, the fair value of the Company’s common stock is determined based on the quoted market price of its common stock.

Modification of equity classified award

On the modification date, the Company determines the type of modification of the equity award by assessing whether the equity awards are probable or improbable to vest before and after the modification. The Company estimates the fair value of the awards immediately before and immediately after modification for those equity awards that are probable of vesting before and after the modification. Any incremental increase in fair value is recognized as an expense immediately to the extent the underlying equity awards are vested and on a straight-line basis over the requisite service period using the related expense attribution method to the extent that they are unvested. For equity awards that are improbable of vesting before the modification and probable of vesting after the modification, the Company recognizes expense measured as the fair value of the modified award on a straight-line basis over the requisite service period using the related expense attribution method based on the fair value of the awards at the modification date.

See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

Concentration of Risks

Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, and accounts receivable. The Company maintains its cash balances with one major commercial bank. Cash balances are generally in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250. The Company has not experienced any losses in such accounts.

For the year ended December 31, 2022, no customers accounted for 10% or more of the Company’s revenue, and three vendors accounted for 56.7%, 15.6% and 15.3% of the Company’s cost of revenue.

For the year ended December 31, 2021, no customers accounted for 10% or more of the Company’s revenue, and three vendors accounted for 54.5%, 23.2% and 12.3% of the Company’s cost of revenue.

As of December 31, 2022, one customer accounted for 11.2% of the Company’s accounts receivables, and four vendors accounted for 23.3%, 16.6%, 14.6% and 12.8% of the Company’s accounts payable balance.

As of December 31, 2021, one customer accounted for 10.5% of the Company’s accounts receivables, and four vendors accounted for 23.9%, 23.2%, 12.3% and 10.2%% of the Company’s accounts payable balance.

Net Income per Share of Common Stock

Basic net income per share is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the year. Diluted net income per share is based upon the diluted weighted-average number of shares outstanding during the year. Diluted net income per share gives effect to all potentially dilutive common share equivalents, including stock options. restricted stock units, and warrants, to the extent they are dilutive. See Note 19 for additional information.

Warrant Liability

The Company accounts for warrants for shares of the Company’s common stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. Liability-classified warrants are subject to remeasurement to fair value as of any respective exercise date and as of each subsequent balance sheet date with changes in fair value recorded in the Company’s consolidated statements of operations and comprehensive income. See Note 15 for additional information on the Company’s warrants.

Recently Adopted Accounting Pronouncements

From time to time, the Financial Accounting Standards Board (“FASB”) or other standards setting bodies issue new accounting pronouncements. Updates to the FASB ASC are communicated through issuance of an Accounting Standards Update (“ASU”).

As an “emerging growth company”, the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), allows the Company to delay adoption of new or revised pronouncement applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use the adoption dates applicable to private companies. As a result, the Company’s financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective date for new or revised accounting standards that are applicable to public companies.

Effective January 1, 2022, the Company adopted ASU No. 2016-02, Leases (“Topic 842”) using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. The new standard provides a number of optional practical expedients in transition. The Company elected the package of practical expedients, which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected to combine the lease and non-lease components and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of operations and comprehensive income on a straight-line basis over the lease term. Results and disclosure requirements for reporting periods beginning after January 1, 2022 are presented under Topic 842, while prior period amounts have not been adjusted and continue to be reported in accordance with historical accounting under Topic 840.

The adoption of Topic 842 resulted in the recognition of right-of-use assets and related lease liabilities of $5,585 and $5,646, respectively as of January 1, 2022, which were determined in accordance with the implementation guidance of Topic 842.

See Note 13 - Commitments and Contingencies for additional information on the adoption of Topic 842.

Effective January 1, 2022, the Company adopted the ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This new standard provides clarification and reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (such as warrants) that remain equity classified after modification or exchange. An issuer should measure the effect of a modification or exchange as the difference between the fair value of the modified or exchanged warrant and the fair value of that warrant immediately before modification or exchange and then apply a recognition model that comprises four categories of transactions and the corresponding accounting treatment for each category (equity issuance, debt origination, debt modification, and modifications unrelated to equity issuance and debt origination or modification). As the Company does not have any equity-classified written call options, there was no immediate impact on the consolidated financial statements for the year ended December 31, 2022. The future application of this new standard is not expected to have a material impact on the Company's consolidated financial statements.

Recent Accounting Pronouncements

In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASU 2022-03), which applies to all equity securities measured at fair value that are subject to contractual sale restrictions. This change prohibits entities from taking into account contractual restrictions on the sale of equity securities when estimating fair value and introduces required disclosures for such transactions. The standard will become effective for the Company beginning on November 1, 2024 and will be applied prospectively. Early adoption is permitted. Any future impact from the adoption of this guidance will depend on the facts and circumstances of future transactions.

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which amends the accounting for contract assets acquired and contract liabilities assumed from contracts with customers in business combinations. The amendment requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with ASC Topic 606, resulting in a shift from previous guidance which required similar assets and liabilities to be accounted for at fair value at the acquisition date. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. While the Company is continuing to assess the timing of adoption and potential impact of this guidance it does not expect the guidance to have a material effect, if any, on its consolidated financial statements and related disclosures. The Company will continue to evaluate the impact of this guidance upon the occurrence of future acquisitions.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which revises the measurement of credit losses for financial assets measured at amortized cost from an incurred loss methodology to an expected loss methodology. The standard requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables, debt securities, net investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant estimates and credit quality are also required. The FASB has

subsequently issued updates to the standard to provide additional clarification on specific topics. The ASU is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its financial statements.

Reverse Recapitalization

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Reverse Capitalization

Reverse Recapitalization

As discussed in Note 1, the closing of the Business Combination occurred on November 18, 2022. In connection with the Business Combination:

•As a result of the Domestication that occurred on November 17, 2022, each share of outstanding Tiga Class A ordinary shares converted on a one-to-one basis into 485,233 shares of Tiga common stock upon the Domestication, and into one share of Grindr common stock upon the Closing, and each issued and outstanding warrant of Tiga converted on a one-to-one basis into one Tiga warrant upon the Domestication, and into one warrant of Grindr upon the Closing.

•The cancellation and conversion of all 111,294,372 issued and outstanding Legacy Grindr Series X Ordinary Units into 156,139,170 shares of Grindr common stock after giving effect to the exchange ratio as defined in the Merger Agreement (the “Exchange Ratio”)

•The conversion on a one-to-one basis of 6,840,000 of founder shares held by Tiga Sponsor LLC (the “Sponsor”) and 60,000 founder shares held by independent directors (the “Founder Shares”) into Tiga common stock upon the Domestication, and into Grindr common stock upon the Closing,

•The cancellation and exchange of all 3,635,681 granted and outstanding vested and unvested Legacy Grindr Options into 5,100,637 options exercisable for shares of Grindr common stock with the same terms and vesting conditions, as adjusted by the Exchange Ratio.

•A total of 27,114,767 shares of the ordinary shares of Tiga were presented for redemption at a price of $10.50 per share.

•A total of 10,000,000 shares of Grindr common stock were issued to SV Parent at a price of $10.00 per share, pursuant to a forward purchase agreement (“Forward Purchase Agreement”). For each share issued under the Forward Purchase Agreement (“Forward Purchase Share”), the forward purchaser received 0.50 redeemable warrants (“Forward Purchase Warrants”).

The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows and the consolidated statements of stockholders' equity for the year ended December 31, 2022:


	Recapitalization
Cash - Tiga, trust and cash, net of redemptions	$	5,182
Cash - Exercise of Forward Purchase Agreement	100,000
	105,182
Less: Non-cash net liabilities assumed from Tiga	(1,754)
Less: Fair value of Public and Private Warrants	(39,228)
Less: Transaction costs for Tiga	(17,421)
Less: Transaction costs for Grindr allocated to equity	(9,933)
Net effect of Business Combination on equity	36,846
Less: Transaction costs for Grindr allocated to warrant liability	(2,302)
Add: Transaction costs for Grindr not yet paid	1,196
Add: Non-cash net liabilities assumed from Tiga	1,754
Add: Fair value of Public and Private Warrants	39,228
Net cash contributions from Business Combination	$	76,722


As presented in the consolidated statements of stockholders' equity:
Issuance of common stock in the Business Combination, net of transaction costs	$	(65,983)
Exercise of Forward Purchase Agreement	102,829
Net effect of Business Combination on equity	$	36,846

As presented in the consolidated statements of cash flows:
Proceeds from issuance of common stock in the Business Combination	$	5,182
Proceeds from exercise of Forward Purchase Agreement	100,000
Transaction costs paid in connection with the Business Combination	(28,460)
Net cash contributions from Business Combination	$	76,722

The Company recorded transaction costs allocated to warrants in "Other (expense) income, net" in the consolidated statements of operations and comprehensive income.

The number of shares of common stock issued immediately following the consummation of the Business Combination was as follows:


						Shares
Founder Shares						6,900,000
Class A common stock of Tiga, net of redemptions						485,233
Forward Purchase Agreement shares						10,000,000
Legacy Grindr units						156,139,170
Total						173,524,403

Other Related Events in Connection with the Business Combination

After the San Vicente Entities (as defined below) merged with and into Legacy Grindr in order for certain San Vicente Entities to receive Grindr shares in connection with the Business Combination, Legacy Grindr and the San Vicente Entities undertook an internal reorganization (the “SV Consolidation”) prior to the Business Combination. Prior to the consummation of the SV Consolidation, Legacy Grindr had no obligation or responsibility for the Deferred Payment (as defined below). Prior to the Closing, SVE was liquidated and each of SV Investments, SV Cayman, SV Parent, SVA, SVG, Group Holdings and SV Investments II, (collectively the “SV Entities”) merged with and into Legacy Grindr, with Legacy Grindr as the surviving entity, resulting in SV Investments and the ultimate beneficial equity holders of Catapult Goliath LLC (“Catapult Goliath), which liquidated prior to the Closing, as direct equity holders in Legacy Grindr. The Company has reflected the effects of the SV Consolidation as a contribution of assets and liabilities between entities under common control as follows:

•In connection with the acquisition of Legacy Grindr in 2020, the SV Entities had a cash obligation to pay $155,000 on June 20, 2023 to Kunlun Group Holdings Limited (“Kunlun”). This obligation was recorded by the SV Entities at the present value of these payments due in the future (“Deferred Payment”). The Deferred Payment was recorded as a liability by SVA and in connection with the SV Consolidation was contributed to Legacy Grindr as an adjustment to equity.

•In connection with the Business Combination, the board of managers of Legacy Grindr approved a distribution of $2.55 per unit of Series X Ordinary Units of Grindr amounting to $283,801 to Series X Ordinary Unit holders as of the close of business on November 23, 2022 (the “Distribution”). As part of the Distribution, Group Holdings elected to receive a partial payment of its distribution in cash and the remainder of its distribution, $155,000, in the form of a promissory note (the “Promissory Note”) on November 15, 2022. Group Holdings in turn issued promissory notes to its parent companies, SVEJV and SVG, totaling $155,000. SVEJV in turn issued a promissory note for its pro rata portion to SVG, which then issued a promissory note in the amount of $155,000 to SVA.

•Prior to Closing and in connection with SV Consolidation, but after SV Parent satisfied in full its funding obligations under the Forward Purchase Agreement to Tiga, SV Parent merged with and into Legacy Grindr (the “SV Business Combination”). Upon the completion of the SV Business Combination, the intercompany promissory notes were canceled, and the merger of SV Parent into the Company resulted in Grindr assuming the $155,000 Deferred Payment to Kunlun. Refer to Note 12 for further information on the Distribution.

•The Company and Kunlun settled the Deferred Payment within ten business days of the Closing. The difference between the assumed carrying value of the Deferred Payment at the time of settlement on November 23, 2022 and the $155,000 obligation is $11,851, which has been recorded as a loss on extinguishment of debt included in “Interest expense, net” in the consolidated statements of operations and comprehensive income in the period it was extinguished.

•In consideration for Legacy Grindr’s assumption of SV Parent’s rights to receive the securities issuable by Tiga under the Forward Purchase Agreement, Legacy Grindr issued 7,127,896 Legacy Grindr Series X Ordinary Units to SV Cayman and entered into a warrant agreement with SV Cayman, pursuant to which, upon the terms and subject to the conditions set forth therein, SV Cayman was entitled to purchase 3,563,948 Series X Ordinary Units of Legacy Grindr at a purchase price per share of $16.13. Such warrants and the Legacy Grindr Series X Ordinary Units were ultimately exchanged at the Closing for 10,000,000 shares of Grindr common stock and 5,000,000 Forward Purchase Agreement warrants in accordance with the terms of the Merger Agreement

Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following:


	December 31, 2022		December 31, 2021
Computer equipment	$	1,038	$	588
Furniture and fixtures	326		346
Leasehold improvements	2,641		2,641
	4,005		3,575
Less: Accumulated depreciation	(1,984)		(1,201)
	$	2,021	$	2,374

Depreciation expense for property and equipment for the years ended December 31, 2022 and 2021 amounted to $783 and $761, respectively. Depreciation expense is included within “Depreciation and amortization” on the consolidated statements of operations and comprehensive income.

Goodwill and Intangibles

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Goodwill and intangible assets, net, consist of the following:


	December 31,
	2022		2021
Goodwill	$	275,703	$	258,619
Intangible assets with definite lives, net	38,700		73,864
Intangible assets with indefinite lives	65,844		65,844
	$	380,247	$	398,327

The indefinite-lived intangible asset of $65,844 as of December 31, 2022 and December 31, 2021, represents the Grindr tradename.

A rollforward of the goodwill balance as of December 31, 2022 and 2021 is as follows:


	December 31,
	2022		2021
Balance at beginning of period	$	258,619	$	258,619
Goodwill arising from the SV Consolidation (see Note 3)	17,084		—
Balance at the end of period	$	275,703	$	258,619

As of December 31, 2022 and 2021, intangible assets with definite lives consist of the following:


	December 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net		Weighted Average Useful Life
Customer relationships	$	94,874	$	(61,517)	$	33,357	5 years
Technology	37,041		(31,698)		5,343		3 years
	$	131,915	$	(93,215)	$	38,700


	December 31, 2021
	Gross Carrying Value		Accumulated Amortization		Net		Weighted Average Useful Life
Customer relationships	$	94,874	$	(38,700)	$	56,174	5 years
Technology	37,041		(19,351)		17,690		3 years
	$	131,915	$	(58,051)	$	73,864

The weighted average estimated remaining life for the intangible asset classes are as follows:


	December 31,
	2022	2021
Customer relationships	2.5 years	3.5 years
Technology	0.5 years	1.5 years

Intangible assets amortization expense was $35,164 and $42,041 for the years ended December 31, 2022 and 2021, respectively.

During the years ended December 31, 2022 and 2021, the Company wrote-off $0 and $125, respectively, of intangible assets related to acquired technology as the Company determined the technology would no longer be placed in service. The write-off charge is included within “Depreciation and amortization” on the consolidated statements of operations and comprehensive income.

As of December 31, 2022, amortization of long-lived intangible assets is estimated to be as follows:


2023	$	22,214
2024	12,460
2025	4,026
Thereafter	—
	$	38,700

Capitalized Software Development Costs

12 Months Ended

Dec. 31, 2022

Research and Development [Abstract]

Capitalized Software Development Costs

Capitalized software development costs consist of the following:


	December 31,
	2022		2021
Capitalized software development costs	$	8,361	$	3,724
Less: Accumulated amortization	(976)		(87)
	$	7,385	$	3,637

Amortization expense for capitalized software development for the years ended December 31, 2022 and 2021 amounted to $889 and $65, respectively. Amortization expense is included within “Depreciation and amortization” on the consolidated statements of operations and comprehensive income.

The Company wrote-off capitalized software development costs of $669 and $242 for the years ended December 31, 2022 and 2021, respectively. The write off charge is included within “Depreciation and amortization” on the consolidated statements of operations and comprehensive income.

Income Tax

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax

Legacy Grindr restructured immediately prior to the Business Combination. The restructuring created two tax periods, one for Legacy Grindr through the restructuring, and one for Grindr through the remainder of the year. Legacy Grindr’s short tax period is in a taxable income position, and Grindr’s short tax period is in a taxable loss position. The consolidated statements of operations for the year ended December 31, 2022 include the results of both tax periods.

Net (loss) income before income tax includes the following components:


	Year ended December 31, 2022		Year ended December 31, 2021
United States	$	(36)	$	6,265
International	29		35
	$	(7)	$	6,300

Income tax (benefit) provision for the year ended December 31, 2022 and 2021, consisted of the following:


	Year ended December 31, 2022		Year ended December 31, 2021
Current income tax provision:
Federal	$	8,696	$	4,828
State	1,647		711
International	17		9
Total current tax provision:	$	10,360	$	5,548
Deferred income tax benefit:
Federal	$	(9,791)	$	(4,436)
State	(1,428)		124
International	—		—
Total deferred tax benefit:	$	(11,219)	$	(4,312)
Total income tax (benefit) provision	$	(859)	$	1,236

The tax effects of temporary differences that give rise to portions of deferred tax assets and deferred tax liabilities are as follows:


	December 31,
	2022		2021
Deferred tax assets:
Accrued expenses	$	210	$	189
Equity awards	1,014		285
Net operating losses	499		4
General business credit	415		300
Deferred rent	—		47
Accrued compensation	315		282
Right-of-use asset	1,171		—
Capitalized research expenditures	970		—
Tax original issue discount	359		491
Capitalized interest carryforward	1,346		195
Other	131		—
Gross deferred tax assets	6,430		1,793
Less: Valuation allowance	(286)		—
Total deferred tax assets	6,144		1,793
Deferred tax liabilities:
Intangible assets	(17,168)		(22,551)
Lease liability	(1,089)		—
Other	(415)		(154)
Total gross deferred tax liabilities:	(18,672)		(22,705)
Net deferred tax liabilities	$	(12,528)	$	(20,912)

ASC 740 requires that the tax benefit of net operating losses, temporary differences and credit carryforwards be recorded as deferred tax asset (“DTA”) to the extent that management assesses that realization is "more likely than not." The Company considers evidence, both positive and negative, that could affect future realization of DTAs.

Tax credit carryforwards are as follows:


	December 31, 2022
	Amount		Expiration Years
Net operating losses, federal (Post December 31, 2017)	$	1,620	Do Not Expire
Net operating losses, state	$	2,863	2032 - 2042
Tax credits, federal	$	82	2042
Tax credits, state	$	507	Do Not Expire


	December 31, 2021
	Amount		Expiration Years
Tax credits, state	$	468	Do Not Expire

The reconciliation between the Company’s income tax (benefit) provision on (loss) income before income tax and the statutory tax rate is as follows:


	Year ended December 31, 2022		Year ended December 31, 2021
Income tax provision at the federal statutory rate of 21.0%	$	(1)	$	1,323
State taxes	(138)		605
Equity compensation	5,167		277
Transaction costs	482		—
Foreign derived intangible income deduction	(1,475)		(693)
Change in valuation allowance	286		(74)
Warrant liability revaluations	(4,472)		—
Research tax credit	(1,062)		(46)
Uncertain tax positions	260		113
Other items	94		(269)
	$	(859)	$	1,236

The following table summarized the activity related to the gross unrecognized tax benefits as of December 31, 2022 and December 31, 2021:


	Year ended December 31, 2022		Year ended December 31, 2021
Balance at the beginning of the year	$	341	$	232
Increase related to current year tax positions	245		109
Balance at end of the year	$	586	$	341

All of the Company’s unrecognized tax benefits, if recognized, would change the effective rate. The Company does not expect any material changes to the unrecognized tax benefits over the next 12 months. The Company recognizes a tax benefit from an uncertain tax position when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits, and uncertain income tax positions must meet a more likely than not recognition threshold to be recognized. The Company recognizes interest and penalties related to unrecognized tax benefits in “Income tax provision (benefit)” in the consolidated statements of operations and comprehensive income. Interest and penalties are not material for each of the periods presented.

The Company believes it is more likely than not that all significant tax positions taken to date would be sustained by the relevant taxing authorities. As of December 31, 2022 and December 31, 2021, there were no active taxing authority examinations in any of the Company's major tax jurisdictions. The Company remains subject to examination for federal and state income tax purposes for the tax years ended 2017 through 2022.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Other Current Assets

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets

Other current assets consist of the following:


	December 31, 2022		December 31, 2021
Income tax receivable	$	—	$	3,274
Cloud computing arrangements implementation costs	624		—
Other current assets	126		34
	$	750	$	3,308

Promissory Note from a Member	12 Months Ended
Promissory Note from a Member	Dec. 31, 2022
Receivables [Abstract]
Promissory Note from a Member	Promissory Note from a Member On April 27, 2021, Catapult GP II LLC (“Catapult GP II”), a related party wherein certain members of Catapult GP II are executives of the Company, purchased 5,387,194 common units of Legacy Grindr, which is converted using the Exchange Ratio to 7,385,233 common shares of the Company upon Business Combination. In conjunction with the common units of Legacy Grindr purchased, the Company entered into a full recourse promissory note with Catapult GP II with a face value of $30,000 (the “Note”). The Note, including all unpaid interest, is to be repaid the earlier of 1) the tenth anniversary of the Note, 2) upon the completion of a liquidity event, or 3) upon completion of an initial public offering or a special-purpose acquisition company transaction. The Note bears interest at 10% per annum on a straight-line basis. The Note was partially paid with the distribution from Legacy Grindr (see Note 12 for further details). The total amount outstanding on the Note, including interest, was $19,071 and $32,038 as of December 31, 2022 and December 31, 2021, respectively. The Note has been fully paid subsequent to December 31, 2022, see Note 21 for additional information. The Note and the related accrued interest are reflected as a reduction to equity in the consolidated statements of stockholders’ equity.

Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following:


	December 31,
	2022		2021
Income and other taxes payable	$	5,360	$	664
Interest payable	2,444		—
Accrued professional service fees	2,317		184
Accrued legal expense	1,308		196
CEO make-whole bonus (see Note 13)	1,200		—
Lease liability, short-term	1,050		—
Employee compensation and benefits	813		320
Settlement payable to a former director	641		204
Accrued infrastructure expenses	214		—
Settlement payable of incentive units on 2016 Plan	—		1,060
Other accrued expenses	334		911
	$	15,681	$	3,539

Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt

Total debt for the Company is comprised of the following:


	December 31, 2022		December 31, 2021
Credit Agreement
Current	$	22,152	$	3,840
Non-current	345,328		136,320
	$	367,480	$140,160
Less: unamortized debt issuance costs	(6,852)		(3,041)
	$	360,628	$	137,119

Credit Agreement

On June 10, 2020, Grindr Gap LLC and Grindr Capital LLC (the "Borrower"), wholly owned subsidiaries of the Company, and the other credit parties and lenders party thereto entered into a credit agreement (the “Credit Agreement”) which permitted the Borrower to borrow up to $192,000. The full amount of $192,000 was drawn on June 10, 2020. The amounts repaid may not be reborrowed. The Borrower used such proceeds to pay part of the total purchase consideration for the Acquisition and related fees and other transaction costs. For the year ended December 31, 2022 and 2021, the Company incurred and paid debt issuance costs of $5,092 and $960, respectively, in conjunction with the Credit Agreement. Debt issuance costs paid are reflected on the balance sheet as a direct deduction from the carrying value of the debt. The amortization of such debt issuance costs is included in “Interest income (expense), net” on the consolidated statements of operations and comprehensive income.

The Borrower is a direct subsidiary of Grindr Gap LLC, which is a direct subsidiary of Legacy Grindr. Legacy Grindr is a direct subsidiary of Grindr Inc. Borrowings under the agreement are guaranteed by all of the subsidiaries of Legacy

Grindr, other than the Borrower and Grindr Canada Inc., and are collateralized by the capital stock and/or certain assets of all of the subsidiaries of Legacy Grindr.

Borrowings under the Credit Agreement are repayable in full on various dates ranging from May 17, 2024 to November 14, 2027 based on the drawdown dates of the loans with quarterly mandatory principal repayments equal to 0.50% of the original principal amount of the relevant loans, except for the Supplemental Facility II (as defined and discussed below). The Borrower is also required, among other things, to make mandatory prepayments of the Credit Agreement equal to a defined percentage rate, as determined based on the Company's leverage ratio, of excess cash flow. No mandatory prepayment was required for the years ended December 31, 2022 and 2021.

Borrowings under the Credit Agreement are index rate loans or Term SOFR (as defined in the Credit Agreement) loans, at the Borrower’s discretion. Index rate loans bear interest at the index rate plus applicable margin based on the consolidated total leverage ratio, or currently 7%. Term SOFR loans bear interest at Term SOFR plus an applicable margin based on the consolidated total leverage ratio, currently 8%, in each case, except for $30,000 of the term loans under the Supplemental Facility II (as defined below) for which the applicable margin is currently 3.2% for index rate loans and 4.2% for Term SOFR loans. The interest rates in effect as of December 31, 2022 and December 31, 2021 were 11.7%, based on Term SOFR, and 9.5%, based on Term LIBOR (as defined in the Credit Agreement prior to the third amendment), respectively.

The Credit Agreement also required the Borrower to make a lump-sum principal repayment in the amount of $48,000 plus related accrued interest on or before February 28, 2021. This repayment date was amended to November 30, 2021 by the first amendment to the Credit Agreement entered into on February 25, 2021. In addition to this mandatory repayment, the Borrower was required to pay a premium of 10% of the principal repayment, or $4,800, together with the mandatory lump-sum principal repayment. The repayment was made in November 2021.

The premium was accrued over the term of the Credit Agreement through the initial repayment date in February 2021. For the year ended December 31, 2021, $1,118 of the premium was accrued and recognized as interest expense in “Interest expense, net” in the consolidated statements of operations and comprehensive income.

On June 13, 2022, a second amendment to the Credit Agreement was entered into which allowed the Borrower to borrow an additional $60,000, which the Borrower drew in conjunction with the closing of the amendment. The second amendment to the Credit Agreement was accounted for as a debt modification. The Borrower capitalized and paid debt issuance costs totaling $955 in conjunction with the second amendment. The borrowing under the second amendment has the same terms as the Credit Agreement..

On November 14, 2022, a third amendment to the Credit Agreement was entered into which allowed the Borrower to borrow multiple term loans. The term loans have the following maximum commitment amounts, $140,800 (“Supplemental Facility I”), and $30,000 (“Supplemental Facility II”). On November 14, 2022 and November 17, 2022, the Borrower drew the full amount for Supplemental Facility I and Supplemental Facility II, respectively. The third amendment to the Credit Agreement was accounted for as a debt modification for accounting purposes. The debt issuance costs related to the third amendment are $3,387 and $750 for Supplemental Facility I and Supplemental Facility II, respectively. All borrowings under the third amendment bear interest at the Secured Overnight Financing Rate (“SOFR”), with an applicable floor, plus an applicable margin as determined by the Company’s net leverage ratio. For Supplemental Facility I, the Borrower is required to make quarterly amortization payments of $704 on the next business day of the end of each March, June, September and December, beginning in June 2023, with the remaining aggregate principal amount payable on the maturity date of November 14, 2027 (“Supplemental Facility I Maturity Date”). The Supplemental Facility I Maturity Date may be accelerated if certain loans in the existing Credit Agreement or Supplemental Facility II are not repaid on or before their respective maturity dates. The interest rate in effect for Supplemental Facility I as of December 31, 2022 was 12.5%. For Supplemental Facility II, the Borrower is required to make amortization payments of $7,500 on the next business day of the end of June 2023 and December 2023, with the remaining aggregate principal amount payable on the maturity date of May 17, 2024. The interest rate in effect for Supplemental Facility II as of December 31, 2022 was 8.7%.

The obligations under the Credit Agreement are subject to acceleration at the election of the required lenders during the continuance of any event of default. A default interest rate of an additional 2% per annum will apply on all outstanding obligations after the occurrence of an event of default. The prepayment premium on Supplemental Facility I is 2% of the principal amount prepaid during the first year plus the payment of all interest that would have been accrued assuming no change in Term SOFR and 2% of the principal amount prepaid during the second year. There is no prepayment premium for the Supplemental Facility II.

The Credit Agreement includes restrictive non-financial and financial covenants, including the requirement to maintain a total leverage ratio no greater than a specified level, currently 4.50:1.00 prior to and through May 17, 2024 to

the extent any Supplemental Facility II is outstanding, no greater than 4.75:1.00 prior to and through March 31, 2024 and no greater than 4.25:1.00 thereafter. As of December 31, 2022 and December 31, 2021, the Borrower was in compliance with the financial debt covenants.

The fair values of the Company's Credit Agreement balances were measured by the discounted cash flow method or comparing their prepayment values and observable market data consisting of interest rates based on similar credit ratings, which the Company classifies as a Level 2 input within the fair value hierarchy. The estimated fair value of the Credit Agreement balances as of December 31, 2022 and December 31, 2021, was $394,785 and $142,963, respectively.

Future maturities of the Credit Agreement as of December 31, 2022, were as follows:


2023	$	22,152
2024	22,856
2025	36,225
2026	7,069
2027	279,178
Thereafter	—
	$	367,480

Paycheck Protection Program Loan

On April 24, 2020, the Company entered into a promissory note and received a loan in the amount of $1,512 (the “PPP Loan”) under the Small Business Administration (“SBA”) Paycheck Protection Program enabled by the Coronavirus Aid, Relief and Economic Security Act of 2020 (the “CARES Act”). The Company used the proceeds to support payroll costs, rent and utilities in accordance with the relevant terms and conditions of the CARES Act.

The advance under the PPP Loan bears interest at a rate per annum of 1.0%. The term of the PPP Loan was two years, ending April 23, 2022. The Company did not provide any collateral or personal guarantees for the PPP Loan, nor did the Company pay any facility charge to the government or to the bank.

The Company applied for forgiveness of the full amount under the terms of the CARES Act in June 2021 and subsequently was granted forgiveness for the full amount in October 2021. The amount of forgiveness of $1,512 of principal and $23 of accrued interest was recorded in “Other expense, net” in the consolidated statements of operations and comprehensive income in the year ended December 31, 2021.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

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+ Details

Distributions

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Distributions

On June 10, 2022, Legacy Grindr's Board of Managers approved a special distribution of $0.75 per ordinary unit, amounting to $83,313 to ordinary unit holders as of the close of business on June 10, 2022 (the "First Distribution"). In addition, Catapult GP II elected to apply a portion of its distribution totaling $4,040 as a partial payment of the Note described in Note 9, in the amount of $3,789, which comprised $3,362 of the accrued interest and $427 of the principal. The First Distribution was partially paid in June 2022, and the balance was fully paid in July 2022.

On November 14, 2022, ahead of the Business Combination, see Note 3, Legacy Grindr's Board of Managers approved a distribution of $2.55 per ordinary unit, amounting to $283,801 to ordinary unit holders as of the close of business on November 14, 2022. (the “Second Distribution”). As part of the Second Distribution, $155,000 was issued to Group Holdings in the form of a promissory note (the “Promissory Note”) on November 15, 2022. The Promissory Note, which bore interest at 4.03% per annum beginning thirty days after issuance, was to be repaid no later than January 15, 2023 with all accrued interest. Group Holdings in turn issued promissory notes to its parent companies SVE and SVG totaling $155,000, SVE in turn issued a promissory note for its pro rata portion to SVG, and SVG issued a promissory note in the amount of $155,000 to SV Parent. In addition, Catapult GP II elected to apply a portion of its distribution totaling $13,737 as a partial payment of the Note described in Note 9, in the amount of $12,020, which comprised $1,280 of the accrued interest and $10,740 of the principal. The Second Distribution, excluding any amounts related to the items described above, was paid on various dates in November 2022.

Stockholders’ Equity

The number of authorized, issued and outstanding stock, after the effect of the reverse acquisition, were as follows:


	December 31, 2022
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock	100,000,000	—
Common Stock	1,000,000,000	173,524,360
	1,100,000,000	173,524,360


	December 31, 2021
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock, as recast	unlimited	—
Common Stock, as recast	unlimited	155,541,074
		155,541,074

On the Closing of the Business Combination, the Company's shareholders adopted the new certificate of incorporation. The new certificate of incorporation set forth the right, privileges, and preference of the Company's preferred stock and common stock. The Company's Board of Directors is authorized to provide for the issuance of all or any number of the shares of preferred stock, and to fix the number of shares and to determine or alter for each such series, such voting powers, full or limited, or no voting powers, and such designation, preferences, and relative, participating, optional, or other rights and such qualifications, limitations, or restrictions.

The holders of the Company's common stock are entitled to one vote on each matter submitted to the stockholders of the Company for their vote.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Commitment and Contingencies

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Operating Leases

Company as a lessee

The Company has operating leases for office space. The leases have original lease periods expiring in 2026 with an option to renew. Renewal options are not recognized as part of the right-of-use assets and lease liabilities as it was not reasonably certain at the lease commencement date that the Company would exercise these options to extend the leases.

The Company elected certain practical expedients under ASC 842 which allows for the combination of lease and non-lease components of lease payments in determining right-of-use assets and related lease liabilities. The Company also elected the short-term lease exception. Leases with an initial term of twelve-months or less that do not include an option to purchase the under lying asset are not recorded on the consolidated balance sheets and are expensed on a straight-line basis over the lease term.

Components of lease cost included in general and administrative expenses on the consolidated statements of operations and comprehensive income are as follows:


Lease cost	Year Ended December 31, 2022
Operating lease cost	$	1,652
Variable lease cost	—
Short-term lease cost	—
Sublease income	(738)
Total lease cost	$	914

Supplemental cash flow information related to leases is as follows:


	Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	1,373
Right-of-use assets obtained in exchange for lease liabilities:
Leases recognized upon adoption of ASC 842	$	5,585

Supplemental balance sheet information related to leases as of December 31, 2022 is as follows (in thousands, except lease term and discount rate):


	December 31, 2022
Assets:
Right-of-use assets	$	4,535
Liabilities:
Accrued expenses and other current liabilities	$	1,050
Lease liability	3,658
Total operating lease liabilities	$	4,708
Weighted average remaining operating lease term (years)	3.3
Weighted average operating lease discount rate	11.41%

The Company’s leases do not provide a readily determinable implicit discount rate. The Company estimates its incremental borrowing rate as the discount rate based on the information available at lease commencement. Future maturities on lease liabilities as of December 31, 2022, are as follows:


2023	$	1,529
2024	1,746
2025	1,799
2026	605
2027	—
Thereafter	—
Total lease payments	$	5,679
Less: imputed interest	(971)
Total lease liabilities	$	4,708

As of December 31, 2021, prior to the Company’s adoption of Topic 842, annual minimum payments under noncancelable operating leases were as follows:


2022	$	1,508
2023	1,696
2024	1,746
2025	1,799
Thereafter	605
	$	7,354

Operating lease expense was $1,209 for the year ended December 31, 2021 under Topic 840.

There were no leases with residual value guarantees or executed leases that had not yet commenced as of December 31, 2022.

Company as a lessor

The Company is a sublessor on one operating lease that expires in November 2023. The Company recorded $738 and $656 in sublease income during the years ended December 31, 2022 and 2021, respectively.

Future non-cancelable rent payments from the Company's sublease tenant as of December 31, 2022 were as follows:


2023	$	631
Thereafter	—
	$	631

Purchase Commitments

In November 2018, the Company entered into a purchase commitment for the use of cloud services, with a commitment to spend $3,100 annually between January 2020 and December 2022. Total purchases under the purchase commitment were $8,238 and $4,809 for the year ended December 31, 2022 and 2021, respectively.

CEO Bonus

George Arison became the Chief Executive Officer of Grindr on October 15, 2022. In connection with assuming his position of the Company, Mr. Arison forfeited certain compensation with his former employer. As compensation to Mr. Arison for such forfeiture, his employment agreement provides for a make-whole payment based on the target annual bonus of up to $1,200 he would have received from his previous employer. As of December 31, 2022, the Company recorded accrued bonuses payable to Mr. Arison of $1,200, which is included in "Accrued expenses and other current liabilities" on the consolidated balance sheets. Refer to Note 17 – Stock-Based Compensation for further information on Mr. Arison’s executive incentive awards.

Litigation

From time to time, the Company is subject to various legal proceedings and claims, either asserted or unasserted, that arise in the ordinary course of business. Litigation can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict, and the Company’s view of these matters may change in the future as the litigation and events related thereto unfold. The Company expenses legal fees as incurred. The Company records a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Currently, it is too early to determine the outcome and probability of any legal proceedings and whether they would have a material adverse effect on the Company’s business. As of December 31, 2022 and December 31, 2021, there were no amounts accrued that the Company believes would be material to its financial position.

In January 2020, the Norwegian Consumer Council (“NCC”) submitted three complaints to the Norwegian Data Protection Authority, (“NDPA”). Datatilsynet, under Article 77(1) of the General Data Protection Regulation (“GDPR”) against the following parties: (1) Grindr and AdColony; (2) Grindr, Twitter, AppNexus, and OpenX; and (3) Grindr, and Smaato. The complaints reference a report entitled “Out Of Control: How consumers are exploited by the online

advertising industry”. The NCC argued that (1) the Company lacks valid consent for data sharing, (2) the Company shares personal data under Article 9 and does not have a legal basis for processing personal data under Article 9, and (3) the Company does not provide clear information about data sharing, which infringes the principle of transparency in Article (5)(1)(a) GDPR. In April 2020, the Company received an Order to Provide Information from the Datatilsynet. The Company responded to this Order and provided information to Datatilsynet in May 2020. In January 2021, the Datatilsynet sent the Company an “Advance notification of an administrative fine” of 100,000 NOK (the equivalent of approximately $10,217 using the exchange rate as of December 31, 2022) for an alleged infringement of the GDPR. This was notice of a proposed fine to which Grindr was entitled to respond before Datatilsynet made a final decision. Datatilsynet alleged (i) that Grindr disclosed personal data to third party advertisers without a legal basis in violation of Article 6(1) GDPR and (ii) that Grindr disclosed special category personal data to third party advertisers without a valid exemption from the prohibition in Article 9(1) GDPR. Grindr responded to the Advance notification on March 8, 2021, to contest the draft findings and fine. A redacted copy of Grindr’s response was made public. On April 29, 2021, Datatilsynet issued its Order To Provide Information - Grindr - Data Processors, asking, among other things, whether Grindr considered certain ad tech partners to be processors or controllers. Datatilsynet later extended the deadline to respond to June 2, 2021, and Grindr sent a response to Datatilsynet on that date. On October 11, 2021, Datatilsynet sent the Company a letter concerning Grindr’s reply to the Advance notification. In the letter, Datatilsynet clarified that the Advance notification only “pertains to data subjects on Norwegian territory,” and advised the Company of two additional complaints that had been filed (one in March 2021 and the other in September 2021) with Datatilsynet by the Norwegian Consumer Council. Datatilsynet requested any further comments or remarks to the Advance notification by November 1, 2021, but later extended the deadline to November 19, 2021. On November 19, 2021, Grindr served a response to Datatilsynet’s October 11, 2021 letter. On November 26, 2021, Datatilsynet requested any redactions to the response based upon the expectation that third parties may request a copy of Grindr’s November 19, 2021 response, and Grindr proposed redactions on the same day.

In December 2021, Datatilsynet issued a reduced administrative fine against the Company in the amount of 65,000 NOK, or approximately $6,642 using the exchange rate as of December 31, 2022, with an extended deadline for the Company to appeal through February 14, 2022. On February 14, 2022, Grindr filed an appeal brief with the DPA. On July 5, 2022, DPA requested additional documentation from Grindr, specifically regarding whether ad tech partners have deleted any Grindr user data. On August 3, 2022, Grindr, provided Datatilsynet with evidence documenting the Company standard practice of directing terminated ad tech partners to delete any remaining Grindr user data they may have. On November 24, 2022, Grindr and Kunlun entered into an escrow agreement providing for Grindr's potential access to $6,500 of funding in the event Grindr's appeal fails and Grindr is required to pay the fine. On December 7, 2022, Datatilsynet upheld the reduced administrative fine against the Company and sent its decision to the Norwegian Privacy Board for review. On February 10, 2023, Grindr submitted its response and Datatilsynet is currently continuing the process of the appeal of the administrative fine before the Privacy Board. On, March 8, 2023, Grindr received notice of the Norwegian Consumer Council's submission of comments. Grindr is preparing a response to these comments for the Privacy Review Board's consideration. Grindr is not aware when the review by the Norwegian Privacy Board will be completed. It is too early to determine the probability of there being any further proceedings, the outcome of any such proceedings, and whether such proceedings may have a material adverse effect on the Company’s business, including because of the uncertainty of (i) the ultimate amount of the fine imposed, and (ii) whether Grindr may determine to appeal or further contest the fine. As a result, an estimate of the ultimate loss cannot be made at this time. It is at least reasonably possible that a change in the administrative fine may occur in the near term.

In Summer of 2018, Grindr was informed by multiple State Attorneys General (the “Multistate”) that the Multistate was opening a formal investigation into the Company’s sharing of users’ HIV status and last tested date with third parties, and its security and processing of user geolocation information. Since August 2018 the Company has responded to multiple requests for information. In November 2020, the Multistate contacted the Company with its expected claims and findings and general proposed settlement terms that included a settlement of $11,000. The Company responded in February 2021 by providing the Multistate with a white paper detailing why the Multistate’s claims are factually and legally deficient. The Company also met with the Multistate and presented its arguments via a presentation. In May 2021, the Multistate contacted Grindr to request an extension of the tolling agreement from June 1, 2021 to October 1, 2021. On May 30, 2021, Grindr entered into a tolling agreement extension with the State Attorneys General of Arkansas, Indiana, New Jersey, North Carolina, Oregon, Vermont, and Washington, extending the tolling agreement from June 1, 2021 to August 1, 2021. In June 2021, the New Jersey Attorney General served supplemental requests on Grindr seeking, among other things, additional information related to matters discussed in Grindr’s February 2021 white paper, as well as documents regarding submissions made by Grindr to Datatilsynet. In July 2021, Grindr served initial responses and objections to the New Jersey Attorney General’s supplemental requests and subsequently agreed to an extension of the tolling agreement from August 1, 2021 to October 1, 2021. Since that time, the New Jersey Attorney General agreed to limit the scope of the supplemental requests, and Grindr agreed to provide certain information in response to the supplemental requests. In addition, Grindr agreed to enter into an additional tolling agreement extension with the State Attorneys General of Arkansas, Indiana, New

Jersey, North Carolina, Oregon, Vermont, and Washington, extending the tolling agreement from October 1, 2021 to March 31, 2022. On March 16, 2022, May 27, 2022 and July 5, 2022, Grindr entered into additional extensions of the tolling agreement with the Attorneys General until May 30, 2022, June 30, 2022 and September 1, 2022, respectively. In October 2021, Grindr served an initial response to the New Jersey Attorney General’s supplemental requests, with additional responses to supplemental requests served in November and December 2021. In January 2022, Grindr submitted responses to the New Jersey Attorney General’s follow-up questions regarding the Company’s inquiry in response to The Pillar blog. On October 6, 2022, the Company was advised by the Multistate that the investigation has been closed without action and with no further action anticipated.

In December 2020, Grindr was named in a statement of claim and petition for certification of a class action in Israel (Israeli Central District Court). The statement of claims generally alleges that Grindr violated users’ privacy by sharing information with third parties without their explicit consent. The petitioner asserts several causes of action under Israeli law, including privacy breaches, unlawful enrichment, and negligence, as well as causes of action under California law, including privacy violations under the California Constitution and California common law, negligence, violation of the Unfair Competition Law, and unjust enrichment. The statement of claims seeks various forms of monetary, declaratory, and injunctive relief, in addition to certification as a class action. In June 2021, the petitioner attempted service of the statement of claims and the associated filings (all in translated form as required under applicable law) on Grindr. In November 2021, Grindr filed an initial response to the plaintiff’s Statement of Claim challenging the effectiveness of service. The plaintiff then filed opposition to Grindr’s service-related motion, raising a series of technical challenges. During the Israeli court hearing in January 2022, the Israeli court directed the plaintiff to start the service process from the beginning by seeking court permission to pursue international service on Grindr. On February 8, 2022, the Court formally permitted the Plaintiff, in ex parte, to serve the Company outside the jurisdiction. The Company should file its response to the Motion for certification (and/or preliminary jurisdictional motions) within 90 days from the date it is served. On March 30, 2022, Grindr received a package via U.S. Mail with the case documents. Grindr’s local Israeli counsel is preparing a motion seeking the court’s preliminary ruling on the question of applicable law. On July 5, 2022, the Company filed a motion to determine the governing law. Grindr believes that the claims lack merit, and it continues to consider and evaluate an appropriate response. At this time, this matter remains in its nascent stages, and it is too early to determine the likely outcome of this proceeding or whether the proceeding may ultimately have a material adverse effect on the Company’s business, including because of the uncertainty of (i) whether Grindr will incur a loss, (ii) if a loss is incurred, what the amount of that loss may be, and (iii) whether Grindr may determine to appeal or further contest the loss.

Employee Benefit Plan	12 Months Ended
Employee Benefit Plan	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit Plan The Company maintains a qualified 401(k) retirement plan (the “401k Plan”). All employees are eligible to participate in the 401k Plan beginning on the first day of the month following their date of hire. The 401k Plan permits eligible employees to make contributions. The Company made $1,314 and $967 of 401(k) matching contributions for the year ended December 31, 2022 and 2021, respectively.

Warrants	12 Months Ended
Warrants	Dec. 31, 2022
Equity [Abstract]
Warrants	Warrants In connection with Tiga’s initial public offering, Tiga issued (i) 18,560,000 private placement warrants (“Private Warrants”) to its sponsor, Tiga Sponsor LLC (the “Sponsor”) and (ii) sold 13,800,000 public warrants. On November 18, 2022, in connection with the reverse recapitalization treatment of the Business Combination, the Company effectively issued 37,360,000 warrants to purchase shares of Grindr’s common stock, which included 13,800,000 public warrants, 18,560,000 Private Warrants, 2,500,000 Forward Purchase Warrants, and 2,500,000 Backstop Warrants. The Forward Purchase Warrants and the Backstop Warrants have the same terms and are in the same form as the public warrants (as such, will collectively be known as the “Public Warrants”). The Public Warrants, which entitle the registered holder to purchase one share of the Company's common stock, have an exercise price of $11.50, became exercisable 30 days after the completion of the Business Combination and are set to expire five years from the completion of the Business Combination, or earlier upon redemption. Redemptions of warrants when the price per share equals or exceeds $18.00 At any time while the warrants are exercisable, the Company may redeem not less than all of the outstanding warrants (except as described with respect to the Private Warrants, below): •in whole and not in part; •at a price of $0.01 per warrant; •upon a minimum of 30 days prior written notice of redemption to each warrant holder; and •if, and only if, the closing price of the Company’s common shares equals or exceeds $18.00 per share (as adjusted) on the trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. Redemptions of warrants when the price per share equals or exceeds $10.00 At any time while the warrants are exercisable, the Company may redeem not less than all of the outstanding warrants (except as described with respect to the Private Warrants, below): •in whole and not in part; •at a price of $0.10 per warrant; •upon a minimum of 30 days prior written notice of redemption provided holders will be able to exercise their warrants on a “cashless basis” prior to redemption and receive that number of shares determined by reference to an agreed table based on the redemption date and the fair market value of the Company’s common stock; and •if, and only if, the closing price of the Company’s common stock equals or exceeds $10.00 per share (as adjusted) on the trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. If the Company calls the Public and Private Warrants for redemption, the Warrants may be exercised for cash or, as described above, the warrant holder may elect to exercise on a cashless basis if the price per share equals or exceeds $10.00, as described in the warrant agreement. In addition, at any time after notice of redemption has been given by the Company, holders of Private Warrants may exercise such warrants on a cashless basis so long as such Private Warrants are held by the Sponsor or a permitted transferee. The exercise price and number of common shares issuable upon exercise of the Public Warrants are to be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. Each Private Warrant entitles the registered holder to purchase one share of the Company’s common stock. The Private Warrants also have an exercise price of $11.50 and became exercisable 30 days after the completion of the Business Combination. The Private Warrants are set to expire five years from the completion of the Business Combination, or earlier upon redemption. The Private Warrants are identical to the Public Warrants underlying the shares sold in Tiga’s initial public offering, except that they are subject to certain transfer and sale restrictions and are not optionally redeemable when the Company's common stock price is above $18.00 so long as they are held by the initial purchasers or their permitted transferees. Additionally, the Private Warrants are exercisable on a cashless basis. If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. The Warrants were recognized at Closing as a liability with a fair value of $39,228. The Warrants remained unexercised and were remeasured to fair value of $17,933 as of December 31, 2022, resulting in a gain of $21,295 for the year ended December 31, 2022 recognized in the consolidated statements of operations and comprehensive income.

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Stockholders' Equity

Distributions

On June 10, 2022, Legacy Grindr's Board of Managers approved a special distribution of $0.75 per ordinary unit, amounting to $83,313 to ordinary unit holders as of the close of business on June 10, 2022 (the "First Distribution"). In addition, Catapult GP II elected to apply a portion of its distribution totaling $4,040 as a partial payment of the Note described in Note 9, in the amount of $3,789, which comprised $3,362 of the accrued interest and $427 of the principal. The First Distribution was partially paid in June 2022, and the balance was fully paid in July 2022.

On November 14, 2022, ahead of the Business Combination, see Note 3, Legacy Grindr's Board of Managers approved a distribution of $2.55 per ordinary unit, amounting to $283,801 to ordinary unit holders as of the close of business on November 14, 2022. (the “Second Distribution”). As part of the Second Distribution, $155,000 was issued to Group Holdings in the form of a promissory note (the “Promissory Note”) on November 15, 2022. The Promissory Note, which bore interest at 4.03% per annum beginning thirty days after issuance, was to be repaid no later than January 15, 2023 with all accrued interest. Group Holdings in turn issued promissory notes to its parent companies SVE and SVG totaling $155,000, SVE in turn issued a promissory note for its pro rata portion to SVG, and SVG issued a promissory note in the amount of $155,000 to SV Parent. In addition, Catapult GP II elected to apply a portion of its distribution totaling $13,737 as a partial payment of the Note described in Note 9, in the amount of $12,020, which comprised $1,280 of the accrued interest and $10,740 of the principal. The Second Distribution, excluding any amounts related to the items described above, was paid on various dates in November 2022.

Stockholders’ Equity

The number of authorized, issued and outstanding stock, after the effect of the reverse acquisition, were as follows:


	December 31, 2022
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock	100,000,000	—
Common Stock	1,000,000,000	173,524,360
	1,100,000,000	173,524,360


	December 31, 2021
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock, as recast	unlimited	—
Common Stock, as recast	unlimited	155,541,074
		155,541,074

On the Closing of the Business Combination, the Company's shareholders adopted the new certificate of incorporation. The new certificate of incorporation set forth the right, privileges, and preference of the Company's preferred stock and common stock. The Company's Board of Directors is authorized to provide for the issuance of all or any number of the shares of preferred stock, and to fix the number of shares and to determine or alter for each such series, such voting powers, full or limited, or no voting powers, and such designation, preferences, and relative, participating, optional, or other rights and such qualifications, limitations, or restrictions.

The holders of the Company's common stock are entitled to one vote on each matter submitted to the stockholders of the Company for their vote.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Name Accounting Standards Codification
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-Paragraph 18
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 16
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Subparagraph (i)
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 40
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008

+ Details

Stock-based Compensation

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

-based Compensation

The stock-based compensation expense is related to the grant of restricted units under the 2022 Plan (defined below), the grant of options and restricted units granted under the 2020 Plan (defined below) and the grant of SVE’s Series P Units (defined below) to employees and consultants of Legacy Grindr. The unit-based compensation for SVE’s Series P Units has been pushed down to the operating entity and thus recorded in the Legacy Grindr’s consolidated financial statements with a corresponding credit to equity as a capital contribution.

2022 Plan

On November 15, 2022, the stockholders of the Company approved the adoption of the 2022 Equity Incentive Plan (the “2022 Plan”), which permits the grant of incentive awards, nonstatutory stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, performance awards, and other awards. There were 13,764,400 shares of common stock authorized under the 2022 Plan. There were no changes to the authorized number of shares for the year ended December 31, 2022. As of December 31, 2022, there were no shares of common stock that were available to be granted under the 2022 Plan until the Company's Form S-8 became effective with the SEC on February 13, 2023.

Executive Incentive Awards

During the year ended December 31, 2022, the Company entered into employment agreements with the Company’s newly appointed Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”). The employment agreements include cash compensation and incentive awards in the form of restricted stock units (“RSUs”). The awards are subject to service, performance, and market conditions.

CEO Awards

The awards granted to the CEO include a combination of time-based awards (“CEO Time-Based Awards”), awards containing a market condition (“CEO Market Condition Awards”), and awards granted upon the achievement of certain key performance indicators (“CEO KPI Awards”), in the form of restricted stock unit awards (“RSUs”).

The CEO Time-Based Awards include 3,750,000 RSUs. The awards will vest over five years, with 20% vesting on the first anniversary of October 19, 2022 (the “CEO Start Date”), and then in eight equal installments every six months, subject to continued service with the Company.

The CEO Market Condition Awards are issued upon the achievement (at varying levels) of certain market capitalization thresholds. The Company has an obligation to issue a variable number of shares based on a fixed dollar value divided by the volume weighted-average price per share of the Company’s common stock for a 90-day period preceding each market capitalization achievement date. These awards are liability-classified and require fair value remeasurement at the end of each reporting period. In connection with the grant of the CEO Time-Based Awards, a downside protection provision (“Downside Protection”) is to be granted to the CEO. The Downside Protection may be settled in cash or shares at the sole discretion by the Company’s Board of Directors. As of December 31, 2022, the Downside Protection has not been granted for accounting purposes in accordance with ASC 718.

The CEO KPI Awards will be issued upon the satisfaction of certain KPIs determined by the Company’s Board of Directors. As of December 31, 2022, the KPIs have not been authorized, and as such, the CEO KPI Awards are not considered to have been granted for accounting purposes in accordance with ASC 718.

CFO Awards

The awards granted to the CFO include a combination of time-based awards (“CFO Time-Based Awards”) and awards containing a market condition (“CFO Market Condition Awards”), in the form of RSUs. The CEO Time-Based Awards Award include 486,000 RSUs. The awards will vest over five years, with 20% vesting on each anniversary of September 26, 2022 (the “CFO Start Date”), subject to continued service with the Company.

The CFO Market Condition Awards are issued upon the achievement of certain market capitalization thresholds. The Company has an obligation to issue a variable number of shares based on a fixed dollar value divided by the volume weighted-average price per share of the Company’s common stock for a 90-day period preceding each market capitalization achievement date. These awards are liability-classified and require fair value remeasurement at the end of each reporting period.

The CEO Market Condition Awards and the CFO Market Condition Awards (together, the "Market Condition Awards" are liability-classified and will require fair value remeasurement at the end of each reporting period. As of the grant date and as of December 31, 2022, the aggregate fair value of the Market Condition Awards is the grant-date fair value of $4,129 and is recorded in “Other non-current liabilities” in the consolidated balance sheets. Refer to Note 18 for the fair value information of these awards.

As of December 31, 2022, the Company had $3,971 of unrecognized stock-based compensation expense related to unvested Market Condition Awards that is expected to be recognized over a weighted-average period of 5.22 years. The unrecognized stock-based compensation expense related to unvested Time-Based Awards is included with the Director and Employee Awards below.

Director and Employee Awards

The Company granted timed-based RSUs to certain directors (“Director RSUs”) and employees (“Employee RSUs”). The Director RSUs vest in two installments, with 50% vesting on March 15, 2023 and 50% vesting on the earlier of (i) June 15, 2023 and (ii) the first annual general meeting of the Company following the closing of the Business Combination. The Employee RSUs vest 25% on the first anniversary of the start date of their employment (“Vesting Commencement Date”) and in twelve quarterly installments thereafter.

A summary of the unvested time-based RSU activity for Director RSUs, Employee RSUs, and the Time-Based Awards granted to the CEO and CFO during the year ended December 31, 2022 was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2021	—
Granted	4,555,256	$	10.10


Outstanding at December 31, 2022	4,555,256	$	10.10

As of December 31, 2022, the Company had $44,695 of unrecognized stock-based compensation expense related to unvested time-based restricted stock units that is expected to be recognized over a weighted-average period of 4.69 years.

2020 Plan

Prior to the Business Combination, see Note 3, in August 13, 2020, the Board of Managers of Legacy Grindr, approved the adoption of the 2020 Equity Incentive Plan (the “2020 Plan”), which permits the grant of incentive and unit options, restricted units, stock appreciation rights and phantom units of Legacy Grindr.

There were 6,522,685 shares of common stock authorized in the 2020 Plan. There were no changes to the authorized number of shares for the years ended December 31, 2022 and December 31, 2021. As of December 31, 2022 and December 31, 2021, there were 0 and 2,780,223 shares of common stock, respectively, available for grant under the 2020 Plan.

Stock options

Employees, consultants, and nonemployee directors who provide substantial services to Legacy Grindr were eligible to be granted unit option awards under the 2020 Plan.

In connection with the Business Combination, each Legacy Grindr unit option that was outstanding immediate prior to Closing, whether vested or unvested, was converted into a stock option to acquire a number of shares of common stock equal to the product of (i) the number of unit of Legacy Grindr common unit subject to such Legacy Grindr unit option immediately prior to the Business Combination and (ii) the Exchange Ratio, at an exercise price per share equal to (A) the exercise price per share of such Legacy Grindr unit option immediately prior to the consummation of the Business Combination, divided by (B) the Exchange Ratio. Following the Business Combination, each Exchanged Option will continue to be governed by the same terms and conditions (including vesting and exercisability terms) as were applicable to the corresponding former Legacy Grindr unit option immediately prior to the consummation of the Business Combination. Unvested Legacy Grindr unit options did not accelerate nor vest on the consummation of the Business Combination. All stock option activity was retroactively restated to reflect the effect of the Exchange Ratio.

Generally, stock options vest 25% on the first anniversary of the vesting commencement date and then quarterly thereafter for 12 quarters, or pursuant to another vesting schedule as approved by the Board and set forth in the option agreement. Stock options have a maximum term of seven years from the date of grant.

Stock-based compensation expense related to stock options granted under the 2020 Plan is $2,191 and $1,269 for the year ended December 31, 2022 and 2021, respectively.

The following table summarizes the key input assumptions used in the Black-Scholes option-pricing model to estimate the fair value of unit options granted for the years ended December 31, 2022 and 2021:


	Year Ended December 31,
	2022		2021
Expected life of options (in years)(1)	4.57 - 4.61		4.55 - 4.61
Expected stock price volatility(2)	56.39% - 61.97%		48.20% - 56.46%
Risk free interest rate(3)	1.37% - 4.24%		0.32% - 0.98%
Expected dividend yield(4)	—	%	—	%
Weighted average grant-date fair value per unit of stock options granted	$2.75 - $6.37		$2.51
Fair value per common stock/unit	$4.20 - $8.36		$3.21 - $4.20

(1)The expected term for award is determined using the simplified method, which estimates the expected term using the contractual life of the option and the vesting period.

(2)Expected volatility is based on historical volatilities of a publicly traded per group over a period equivalent to the expected term of the awards

(3)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards

(4)Prior to the date of the Business Combination, Legacy Grindr did not historically pay any cash dividends on its common stock. On June 10, 2022 and November 14, 2022, Legacy Grindr's Board of Managers approved a special distribution as described in Note 12, and the Company does not expect to pay any normal course cash dividends on its common stock in the foreseeable future.

The following table summarizes the option activity for the years ended December 31, 2022 and 2021:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2020 (as previously reported)	2,524,205	$	4.50	6.6	$	680
Retroactive application of recapitalization	1,017,859
Outstanding at December 31, 2020, after effect of reverse recapitalization	3,542,064	$	3.21	6.6	$	680
Granted	1,987,623	$	4.03
Exercised	(421,771)	$	3.21
Forfeited	(278,544)	$	3.26
Outstanding at December 31, 2021	4,829,372	$	3.55	6.1	$	3,159
Granted	1,767,002	$	7.70
Exercised	(598,053)	$	3.38
Forfeited	(1,292,556)	$	3.45
Outstanding at December 31, 2022	4,705,765	$	5.15	5.7	$	2,967

Exercisable at December 31, 2021	716,441	$	3.22	5.7	$	699
Exercisable at December 31, 2022	1,083,987	$	3.52	5.0	$	1,225

The intrinsic value of options exercised during the years ended December 31, 2022 and December 31, 2021 was $2,670 and $417, respectively. This intrinsic value represents the difference between the fair value of the Company’s common stock on the date of exercise and the exercise price of each option. Unrecognized compensation expense relating to options in the 2020 Plan was $9,540 as of December 31, 2022, which is expected to be recognized over a weighted-average period of 2.67 years.

San Vicente Equity Joint Venture LLC (“SVE”) Series P Profit Units (“Series P”)

On June 10, 2020, SVA completed the acquisition of Legacy Grindr, upon the acquisition of Legacy Grindr, SVE, a related party and a subsidiary of SVA, issued 5,065,855 Series P profit units (“Series P Units”) to Catapult Goliath LLC (“Catapult Goliath”), a related party wherein certain members of Catapult Goliath are executives of the Company. The Series P Units are granted to Catapult Goliath and each of the grantee beneficiaries in exchange for providing service to the Company under a consulting agreement through December 31, 2023.

The vesting requirements for the Series P Units consist of requisite service under the consulting agreement through December 31, 2023 and four performance-based vesting targets as follows: (1) 20% will vest if SVE determines that the grantee has addressed certain critical issues as described in the grant agreement by December 31, 2020, and (2) 20%, 30%, 30% will vest if EBITDA for the Company reached a certain level for the each of the years ending December 31, 2021, December 31, 2022 and December 31, 2023, respectively.

The EBITDA level was determined for each of the years ended December 31, 2022 and December 31, 2023 on June 10, 2020. SVE and Catapult Goliath had mutually agreed on the EBITDA level for December 31, 2021 on February 4, 2021, as such, 1,013,171 Series P profit units were considered granted in 2021, with the remainder considered granted in 2020.

The Series P Units also have accelerated vesting features if actual EBITDA satisfies the target for the current year and the target for the next year. If an EBITDA target is not achieved, then catch-up vesting can occur if the current year EBITDA exceeds 125% of the EBITDA target for the prior year and 100% of the current target is achieved. In addition, vesting is accelerated for all units that have not been forfeited if a transaction (as defined as an approved sale, drag-along sale or a liquidation event) occurs. SVE has the right, but not the obligation, to repurchase vested units at the lower of fair value or a de minimis amount if the consulting agreement is terminated. The Series P Units are legal form equity of SVE and as such, do not have a maximum contractual life, and do not expire.

The fair value of each performance-based award is estimated on the date of grant using the Black-Scholes valuation model which approximated the fair value that would have been determined under the option pricing model valuation

model. The following table summarizes the key input assumptions used in the Black-Scholes option-pricing model to estimate the fair value of the Series P Units granted during the year ended December 31, 2021:


	December 31,
	2021
Expected life of units (in years)(1)	3
Expected unit price volatility(2)	70.0		%
Risk free interest rate(3)	0.4		%
Expected dividend yield(4)	—		%
Weighted average grant-date fair value per SVE series P unit for each SVE Series P unit granted	$	2.42
Fair value per common unit	$	3.55

___________________

(1)The expected term for award is estimated in consideration of the time period expected to achieve the performance condition, the contractual term of the award, and estimates of future exercise behavior.

(2)Expected volatility is based on historical volatilities of a publicly traded per group over a period equivalent to the expected term of the awards

(3)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards

(4) Prior to the date of the Business Combination, Legacy Grindr did not historically pay any cash dividends on its common stock. On June 10, 2022 and November 14, 2022, the Legacy Grindr's Board of Managers approved a special distribution as described in Note 12, and the Company does not expect to pay any normal course cash dividends on its common stock in the foreseeable future.

Modification of Series P Units

On May 9, 2022, SVE and Catapult Goliath entered into an agreement to amend the vesting requirement for the Series P Units (the “Modification”). Under the Modification, the Series P Units performance-based vesting target was amended to time-based vesting and the Series P Units will vest as follows: (1) 40% immediately as of the date of modification (the “First Tranches”), and (2) 20% each on June 30, 2022, September 30, 2022 and December 31, 2022 (the “Second Tranches”). Additionally, the requisite services under the consulting agreement have been removed as a condition to vesting.

The vesting requirements for the First Tranches originally consisted of requisite services under a consulting agreement and performance-based targets, and all performance-based targets were met. As such, the Company accounted for the modification in the First Tranches as a Type I modification (probable to probable). As the modification only results in the acceleration of service-based vesting and does not involve any other changes, there was no incremental fair value upon modification. The Company recognized $2,285 incremental unit-based compensation for the First Tranches as it relates to the units vested immediately upon the date of modification.

The vesting requirements for the Second Tranches originally consisted of requisite services under a consulting agreement and performance-based targets, and not all performance-based targets were met. As such, the Company accounted for the modification in the Second Tranches as a Type III modification (improbable to probable). This Type III modification results in a remeasured fair value of $7.32 per share. The remeasured fair value was determined by a probability weighted expected return method by weighting between a going concern scenario valued using the Option Pricing Method and a reverse merger scenario value using the equity value in the merger agreement. The incremental aggregate unit-based compensation related to the modification was $22,249. The Company recognized all of incremental unit-based compensation expense during the year ended December 31, 2022 for the Second Tranches.

Other information

As a result of the Business Combination, the remaining unvested Series P Units became vested. All vested Series P Units were exchanged for common stock of the Company determined pursuant to the distribution provision of the limited liability agreement of SVE. As a result, the vested Series P Units were exchanged for 6,497,593 shares of common stock of the Company. Catapult Goliath was liquidated and distributed its holdings to its members, some of whom were former officers of the Company.

Legacy Grindr recorded unit-based compensation expense related to Series P Units of $25,076 and $1,333 for the years ended December 31, 2022 and 2021, respectively, with a corresponding credit to equity as the parent company’s capital contribution.

2016 Plan

In connection with the acquisition of Legacy Grindr in June 2020 from Kunlun, all outstanding incentive units were determined to be settled. A portion of the related settlement was paid in cash at the time of the acquisition of Legacy Grindr with the remainder payable to employees on the second and third anniversaries of the acquisition. The Company paid

$1,137 in June 2022 for the second anniversary payment. Additionally, the Company paid $2,349 in December 2022 for the third anniversary payment ahead of the scheduled payment date. The difference between the assumed carrying value of the settlement payable of incentive units at the time of settlement and the amount paid is $158, which has been recorded in "Interest expense, net" in the consolidated statements of operations and comprehensive income. As of December 31, 2021, $1,060 and $1,875 were recognized in “Accrued expenses and other current liabilities” and “Other non-current liabilities”.

Equity Compensation to a Former Director

In connection with the acquisition of Legacy Grindr in June 2020 from Kunlun, Legacy Grindr and Kunlun terminated a director as part of the acquisition agreement. Legacy Grindr cancelled 500,000 options previously granted to the director pursuant to the terms of the termination agreement entered into between the director and Legacy Grindr. A portion of the related settlement was paid in cash at the time of the acquisition of Legacy Grindr with the remainder payable to employees on the second and third anniversaries of the acquisition. As of December 31, 2022 and December 31, 2021, $641 and $204 were recognized in “Accrued expenses and other current liabilities”, respectively, and $0 and $361 were recognized in “Other non-current liabilities”, respectively.

Stock-based compensation information

The following table summarizes stock-based compensation expenses for the years ended December 31, 2022 and 2021, respectively:


	Year Ended December 31,
	2022		2021
Selling, general and administrative expenses	$	27,665	$	2,217
Product development expenses	921		268
	$	28,586	$	2,485

Stock-based compensation expense that was capitalized as an asset was $151 and $117 for the years ended December 31, 2022 and 2021, respectively.

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:


	December 31, 2022
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds	$	4,085	$	4,085	$	—	$	—
	$	4,085	$	4,085	$		$

Liabilities:
Executive Market Condition Awards	$	4,129	$	—	$	—	$	4,129
Common stock warrant liabilities	17,933		9,024		8,909		—
	$	22,062	$	9,024	$	8,909	$	4,129













	December 31, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds	$	9,648	$	9,648	$	—	$	—
	$	9,648	$	9,648	$	—	$	—

Liabilities:
Executive Market Condition Awards	$	—	$	—	$	—	$	—
Common stock warrant liabilities	—		—		—		—
	$	—	$	—	$	—	$	—

Money Market Funds

The Money Market Funds are classified within Level 1 as these securities are traded on an active public market.

Executive Market Condition Awards

The CEO Market Condition Awards and the CFO Market Condition Awards (together, the “Executive Market Condition Awards”) are liability-classified awards requiring fair value measurement at the end of each reporting period. The Company used the Monte Carlo simulation model to value the liability-classified award. The key inputs into the Monte Carlo simulation as of December 31, 2022 were as follows:


			December 31, 2022
Expected term (in years)			9.9 years
Volatility			65.0%
Risk-free interest rate			3.8%
Dividend yield			—%

Common Stock Warrant Liabilities

The Warrants were accounted for as a liability in accordance with ASC 815-40 (see Note 15). The warrant liability was measured at fair value upon assumption and on a recurring basis, with changes in fair value presented in the consolidated statements of operations and comprehensive income.

The Company used Level 1 inputs for valuing the Public Warrants and Level 2 inputs for valuing the Private Warrants. The Private Warrants are substantially similar to the Public Warrants, but not directly traded or quoted on an active market.

The following table presents the changes in the fair value of the warrant liability:


	Public Warrants		Private Warrants		Total Warrant Liability
Fair value as of December 31, 2021	$	—	$	—	$	—
Assumption of Warrants upon Closing	19,740		19,488		39,228
Change in fair value of Warrant liability	(10,716)		(10,579)		(21,295)
Fair value as of December 31, 2022	$	9,024	$	8,909	$	17,933

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Net Income Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Income Per Share

The following table sets forth the computation of basic and diluted income per share:


	Year Ended December 31,
	2022		2021
Numerator:
Net income and comprehensive income	$	852	$	5,064
Denominator:
Weighted-average common shares outstanding - basic	157,882,535		152,811,130
Stock options issued under 2020 Plan	1,267,239		56,336
Time-based RSUs	17,098		—
Weighted-average common shares outstanding - diluted	159,166,872		152,867,466

Net income per share:
Basic	$	0.01	$	0.03
Diluted	$	0.01	$	0.03

The weighted-average number of shares of common stock outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination.

The following table presents the potential shares that are excluded from the computation of diluted net income and comprehensive income for the periods presented because including them would have had an anti-dilutive effect:


	Year Ended December 31,
	2022	2021
Stock options issued under 2020 Plan	1,594,021	1,761,810
Time-based RSUs	4,383,256	—
Public and Private Warrants	37,360,000	—

The table above does not include shares issuable for the Executive Market Condition Awards, as the market condition criterion has not yet been achieved. Such shares are also not included in the Company’s calculation of basic or diluted net income per share.

Related Parties	12 Months Ended
Related Parties	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Parties	Related Parties Transactions disclosed within the other notes to the consolidated financial statements involve related parties which include Tiga Acquisition Corp (prior to the Business Combination), Tiga Sponsor LLC, Group Holdings, SVG, SVA, SVE, SV Parent, SV Cayman, SV Investments II, and SV Investments. For the years ended December 31, 2022 and 2021, the Company paid advisor fees and out-of-pocket expenses amounting to $792 and $913 to two individuals who hold ownership interest in the Company, respectively. See Note 9 and Note 17 for additional related party transactions with Catapult GP II and Catapult Goliath.

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Except as described below, or as otherwise indicated in the footnotes, the Company has concluded that no events or transactions have occurred that require disclosure. On various dates during January 2023, February 2023 and March 2023, the Company received $450, $7,000 and $11,921, respectively, from Catapult GP II as a partial payment of the Note described in Note 9, which comprised $341, $149 and $48, respectively, of the accrued interest and $109, $6,851 and $11,873, respectively, of the principal. The Note has been fully paid. On January 12, 2023, the Company entered into a purchase commitment for the use of cloud services, with a commitment to spend $8,500 annually between January 2023 and December 2026. On March 10, 2023, Silicon Valley Bank ("SVB") was closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation ("FDIC") as receiver. On March 12, 2023, the Secretary of the Treasury, the chair of the Federal Reserve Board and the chairman of the FDIC released a joint statement related to the FDIC's resolution of the SVB receivership, which provides that all depositors will have access to all their money starting March 13, 2023. As of March 17, 2023, all cash deposited with SVB by the Company are accessible by the Company .

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Business Combinations

Business Combination and Basis of Presentation

The Business Combination has been accounted for as a reverse recapitalization under U.S. GAAP. Under this method of accounting, Tiga has been treated as the acquired company for financial reporting purposes. This determination is primarily based on the Legacy Grindr unitholders having a relative majority of the voting power of Grindr, Legacy Grindr unitholders having the ability to nominate the majority of the members of the board of directors, Legacy Grindr senior management comprising the senior management roles of Grindr and are responsible for the day-to-day operations, and for the strategy and operations of Grindr continue Legacy Grindr’s historical strategy and operations. Accordingly, for accounting purposes, the financial statements of Grindr represent a continuation of the financial statements of Legacy Grindr with the Business Combination being treated as the equivalent of Legacy Grindr issuing shares for the net assets of Tiga, accompanied by a recapitalization. The net assets of Tiga were recognized as of the Closing at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are presented as those of Legacy Grindr and the accumulated deficit of Legacy Grindr has been carried forward after Closing.

All periods prior to the Business Combination have been retrospectively adjusted using the exchange ratio for the equivalent number of shares outstanding immediately after the Closing to effect the reverse recapitalization (the "Exchange Ratio"). In addition, all granted and outstanding unvested Legacy Grindr unit options were converted using the Exchange Ratio into options exercisable for shares of Grindr common stock with the same terms and vesting conditions. See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the operating results of the Company and its wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.

Basis of Presentation

Business Combination and Basis of Presentation

The Business Combination has been accounted for as a reverse recapitalization under U.S. GAAP. Under this method of accounting, Tiga has been treated as the acquired company for financial reporting purposes. This determination is primarily based on the Legacy Grindr unitholders having a relative majority of the voting power of Grindr, Legacy Grindr unitholders having the ability to nominate the majority of the members of the board of directors, Legacy Grindr senior management comprising the senior management roles of Grindr and are responsible for the day-to-day operations, and for the strategy and operations of Grindr continue Legacy Grindr’s historical strategy and operations. Accordingly, for accounting purposes, the financial statements of Grindr represent a continuation of the financial statements of Legacy Grindr with the Business Combination being treated as the equivalent of Legacy Grindr issuing shares for the net assets of Tiga, accompanied by a recapitalization. The net assets of Tiga were recognized as of the Closing at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination are presented as those of Legacy Grindr and the accumulated deficit of Legacy Grindr has been carried forward after Closing.

All periods prior to the Business Combination have been retrospectively adjusted using the exchange ratio for the equivalent number of shares outstanding immediately after the Closing to effect the reverse recapitalization (the "Exchange Ratio"). In addition, all granted and outstanding unvested Legacy Grindr unit options were converted using the Exchange Ratio into options exercisable for shares of Grindr common stock with the same terms and vesting conditions. See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the operating results of the Company and its wholly owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.

Accounting Estimates

Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated financial statements in accordance with U.S. GAAP. These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses, and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the useful lives and recoverability of property and equipment and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the fair value of acquisition-related contingent consideration arrangements; the fair value of common stock warrant liabilities; valuation allowance; unrecognized tax benefits; legal contingencies; the incremental borrowing rate for the Company's leases; and the valuation of stock-based compensation, among others.

Segment Information

The Company operates in one segment. The Company’s operating segments are identified according to how the performance of its business is managed and evaluated by its chief operating decision maker, the Company’s Chief Executive Officer (“CEO”). Substantially all of the Company’s long-lived assets are attributed to operations in the U.S.

Cash and Cash Equivalents

Cash and Cash Equivalents Cash and cash equivalents consist entirely of cash and money market accounts. The Company considers all highly liquid short-term investments purchased with an original maturity of ninety days or less at the time of purchase to be cash equivalents.

Restricted Cash

Restricted Cash Cash and cash equivalents that are restricted as to withdrawal or use under the terms of certain contractual agreements are recorded as a non-current asset on the consolidated balance sheets. The restricted cash balance as of December 31, 2022 and December 31, 2021 was related to a letter of credit held with a financial institution for leased office space secured by the Company as described in Note 13.

Foreign Currency Transactions

Foreign Currency Transactions Transaction gains and losses denominated in a currency other than the functional currency are included in “Other income (expense), net” on the consolidated statements of operations and comprehensive income.

Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs, of which the first two are considered observable and the last is considered unobservable:


Level 1 -			Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets.

Level 2 -			Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active, and inputs that are derived principally from or corroborated by observable market data.

Level 3 -			Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities.

Recurring Fair Value Measurements

The following methods and assumptions were used to estimate the fair value of each class of financial assets and liabilities for which it is practicable to estimate fair value:

•Money market funds — The carrying amount of money market funds approximates fair value and is classified within Level 1 because the fair value is determined through quoted market prices.

•Liability-classified awards — Executives were granted liability-classified compensation awards requiring fair value measurement at the end of each reporting period. The Company used the Monte Carlo simulation model to value the awards, utilizing Level 3 inputs.

•Warrant liability — Public Warrants are classified within Level 1 as these securities are traded on an active public market. Private Warrants are classified within Level 2. For the periods presented, the Company utilized the value of the Public Warrants as an approximation of the value of the Private Warrants as they are substantially similar to the Public Warrants, but not directly traded or quoted on an active market.

The Company’s remaining financial instruments that are measured at fair value on a recurring basis consist primarily of cash, accounts receivable, accounts payable, accrued expenses, and other current liabilities. The Company believes their carrying values are representative of their fair values due to their short-term maturities. For disclosure in Note 11, the fair values of the Company’s Credit Agreement balances were measured by comparing their prepayment values and observable market data consisting of interest rates based on similar credit ratings.

Nonrecurring Fair Value Measurements

Assets acquired and liabilities assumed in business combinations are initially measured at fair value on the acquisition date on a nonrecurring basis using Level 3 inputs.

The Company is required to measure certain assets at fair value on a nonrecurring basis after initial recognition. These include goodwill, intangible assets, and long-lived assets, which are measured at fair value on a nonrecurring basis as a result of impairment reviews and any resulting impairment charge. Impairment is assessed annually in the fourth quarter or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit or assets below the carrying value, as described below. The fair value of the reporting unit or asset groups is determined primarily using cost and market approaches (Level 3).

Goodwill

Goodwill and Indefinite-Lived Intangible Assets

The Company assesses goodwill on its one reporting unit and indefinite-lived intangible assets for impairment annually in the fourth quarter, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit or the fair value of an indefinite-lived intangible asset below its carrying value.

When the Company elects to perform a qualitative assessment and concludes it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting unit’s goodwill is

necessary; otherwise, a quantitative assessment is performed and the fair value of the reporting unit is determined. If the carrying value of the reporting unit exceeds its fair value, an impairment loss equal to the excess is recorded.

The Company foregoes a qualitative assessment and tests goodwill for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of goodwill involves a comparison of the estimated fair value of the Company’s reporting unit to its carrying value, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

In the fourth quarters of the fiscal years ended 2022 and 2021, the Company performed its qualitative assessment and determined that it was not more likely than not that the recorded goodwill was impaired.

The Company uses a qualitative approach to test indefinite-lived intangible assets (which currently consists of tradenames) for impairment by first assessing qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform quantitative impairment testing. The Company evaluated the qualitative factors of the indefinite-lived intangible assets in connection with the annual impairment testing for the periods presented. The results of the qualitative analysis of the Company’s indefinite-lived intangible assets indicated that the fair value of the indefinite- lived intangible assets exceeded their carrying value.

The Company foregoes a qualitative assessment and tests indefinite-lived intangible assets for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of indefinite-lived intangible assets involves a comparison of the estimated fair value of the indefinite-lived assets to their carrying value. If the estimated fair value of the indefinite-lived assets exceeds their carrying value, the indefinite-lived intangible assets are not impaired. If the carrying value of the indefinite-lived assets exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

Indefinite-Lived Intangible Assets

Goodwill and Indefinite-Lived Intangible Assets

The Company assesses goodwill on its one reporting unit and indefinite-lived intangible assets for impairment annually in the fourth quarter, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit or the fair value of an indefinite-lived intangible asset below its carrying value.

When the Company elects to perform a qualitative assessment and concludes it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting unit’s goodwill is

necessary; otherwise, a quantitative assessment is performed and the fair value of the reporting unit is determined. If the carrying value of the reporting unit exceeds its fair value, an impairment loss equal to the excess is recorded.

The Company foregoes a qualitative assessment and tests goodwill for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of goodwill involves a comparison of the estimated fair value of the Company’s reporting unit to its carrying value, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

In the fourth quarters of the fiscal years ended 2022 and 2021, the Company performed its qualitative assessment and determined that it was not more likely than not that the recorded goodwill was impaired.

The Company uses a qualitative approach to test indefinite-lived intangible assets (which currently consists of tradenames) for impairment by first assessing qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform quantitative impairment testing. The Company evaluated the qualitative factors of the indefinite-lived intangible assets in connection with the annual impairment testing for the periods presented. The results of the qualitative analysis of the Company’s indefinite-lived intangible assets indicated that the fair value of the indefinite- lived intangible assets exceeded their carrying value.

The Company foregoes a qualitative assessment and tests indefinite-lived intangible assets for impairment when it concludes that it is more likely than not there may be an impairment. If needed, the annual or interim quantitative test of the recovery of indefinite-lived intangible assets involves a comparison of the estimated fair value of the indefinite-lived assets to their carrying value. If the estimated fair value of the indefinite-lived assets exceeds their carrying value, the indefinite-lived intangible assets are not impaired. If the carrying value of the indefinite-lived assets exceeds the estimated fair value, an impairment loss equal to the excess is recorded.

Long-Lived Assets

Property and Equipment

Property and equipment, including leasehold improvements, are carried at cost less accumulated depreciation. For property and equipment acquired through a business combination, it is carried at the fair value as of the acquisition date less subsequent accumulated depreciation. Depreciation expense is calculated using the straight-line method over the estimated useful lives of the assets, and in the case of leasehold improvements, the lease term, if shorter, as follows:


			Estimated Useful Lives
Computer equipment..................................................................................................			3 years
Furniture and fixtures.................................................................................................			5 years
Leasehold improvements............................................................................................			5 to 10 years

Maintenance and repairs are charged to expense as incurred and additions and improvements are capitalized. Upon the sale or retirement of property and equipment, the accounts are relieved of the cost and the related accumulated depreciation, with any resulting gain or loss included in “Selling, general and administrative expense” on the consolidated statements of operations and comprehensive income.

Long-Lived Assets and Intangible Assets with Definite Lives

Long-lived assets, which consist of property and equipment, right-of-use ("ROU") assets, capitalized software, and intangible assets with definite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value. Amortization of long-lived intangible assets is computed either on a straight-line basis or based on the pattern in which the economic benefits of the asset will be realized.

Intangible Assets with Definite Lives

Long-Lived Assets and Intangible Assets with Definite Lives

Long-lived assets, which consist of property and equipment, right-of-use ("ROU") assets, capitalized software, and intangible assets with definite lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value. Amortization of long-lived intangible assets is computed either on a straight-line basis or based on the pattern in which the economic benefits of the asset will be realized.

Capitalized Software Development Costs

Capitalized Software Development Costs and Cloud Computing Arrangements

The Company capitalizes the costs associated with software developed or obtained for internal use, including costs incurred in connection with the development of its app and functionalities within the app. The Company capitalizes certain costs when (i) the preliminary project stage is completed, (ii) management has authorized further funding for the completion of the project and (iii) it is probable that the project will be completed and performed as intended. These capitalized costs include personnel and related expenses for employees and costs of third-party contractors and vendors who are directly associated with and who devote time to internal-use software projects. Capitalization of these costs ceases once the project is substantially complete and the software is ready for its intended purpose. Costs incurred for significant upgrades and enhancements to the software solutions are also capitalized. Costs incurred for training, maintenance, and minor modifications or enhancements are expensed as incurred. Capitalized software development costs are amortized using the straight-line method over an estimated useful life of three years.

The Company capitalizes certain implementation costs incurred related to cloud computing arrangements that are service contracts. Such costs are amortized on a straight-line basis over the term of the associated hosting arrangement plus any reasonably certain renewal period. Any capitalized amounts related to such arrangements are recorded within “Other assets” on the consolidated balance sheets.

Revenue Recognition, Contract Liabilities and Cost of revenue

Revenue Recognition

Revenue is recognized when or as a customer obtains control of promised services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to in exchange for these services. A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer that defines each party’s rights regarding the services to be transferred and identifies the payment terms related to these services, (ii) the contract has commercial substance and, (iii) the Company determines that collection of substantially all consideration for services that

are transferred is probable based on the customer’s intent and ability to pay the promised consideration. Sales tax, including value added tax, is excluded from reported revenue.

The Company derives substantially all of its revenue from subscription revenue and advertising revenue. As permitted under the practical expedient available under ASU 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promised accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue for the amount at which the Company has the right to invoice for services performed.

Direct Revenue

Direct revenue consists of subscription revenue. Subscription revenue is generated through the sale of monthly subscriptions that are currently offered in one, three, six, and twelve-month lengths. Subscription revenue is presented net of taxes, credits, and chargebacks. Subscribers pay in advance, primarily through mobile app stores, and, subject to certain conditions identified in the Company’s terms and conditions, generally all purchases are final and nonrefundable. Revenue is initially deferred and is recognized using the straight-line method over the term of the applicable subscription period.

Indirect Revenue

Indirect revenue consists of advertising revenue and other non-direct revenue. The Company has contractual relationships with advertising service providers and also directly with advertisers to display advertisements in the Grindr app. For all advertising arrangements, the Company’s performance obligation is to provide the inventory for advertisements to be displayed in the Grindr app. For contracts made directly with advertisers, the Company is also obligated to serve the advertisements in the Grindr app. Providing the advertising inventory and serving the advertisement is considered a single performance obligation, as the advertiser cannot benefit from the advertising space without its advertisements being displayed.

The pricing and terms for all advertising arrangements are governed by either a master contract or insertion order. The transaction price in advertising arrangements is generally the product of the number of advertising units delivered (e.g., impressions, offers completed, videos viewed, etc.) and the contractually agreed upon price per advertising unit. Further, for advertising transactions with advertising service providers, the contractually agreed upon price per advertising unit is generally based on the Company’s revenue share or fixed revenue rate as stated in the contract. The number of advertising units delivered is determined at the end of each month, which resolves any uncertainty in the transaction price during the reporting period.

Transaction Price

The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services, including amounts that are variable. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period. There are no instances where variable consideration is considered material in any of the Company’s arrangements.

The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of revenue or cost of revenue.

For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASU 2014-09 applicable to such contracts and does not consider the time value of money.

Principal/Agent Considerations

In arrangements where another party (e.g., advertising service provider) is involved in providing advertising services to an advertiser, the Company evaluates whether it is the principal or agent. In instances where the Company does not retain control of advertising inventory and does not have discretion in establishing price, the Company is the agent. In those cases, the Company does not have discretion to set pricing in its arrangements because it receives a percentage of the amount the advertising service provider charges the advertiser and it does not have a contractual relationship with the advertiser. Accordingly, the Company recognizes revenue related to advertising service providers on a net basis.

Contract LiabilitiesDeferred revenue consists of advance payments that are received or are contractually due in advance of the Company’s performance. The Company classifies subscription deferred revenue as current and recognizes revenue ratably over the terms of the applicable subscription period or expected completion of the performance obligation which range from one to twelve months.Cost of revenueCost of revenue consists primarily of mobile app store distribution fees, as well as credit card processing fees. Cost of revenue also includes third-party vendor costs related to customer care functions such as customer service, data center and hosting fees, moderators, and other auxiliary costs associated with providing services to customers.

Accounts Receivables, net of allowance for doubtful accounts

Account Receivables, net of allowance for doubtful accounts

The majority of app users access the Company’s services through mobile app stores. At December 31, 2022 and December 31, 2021, two mobile app stores accounted for approximately 43.3% and 15.9%, and 43.6% and 14.4%,

respectively, of the Company’s gross accounts receivables. The Company evaluates the credit worthiness of these two mobile app stores on an ongoing basis and does not require collateral from these entities. The Company generally collects these balances between 30 and 45 days following the purchase by the customer. Accounts receivable also include amounts billed and currently due from advertising customers. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of accounts receivable that will not be collected. The allowance for doubtful accounts is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, and the specific customer’s ability to pay its obligation. The time between the Company issuance of an invoice and payment due date is not significant; payments that are not collected in advance of the transfer of promised services are generally due between 30 and 60 days from the invoice date.

Deferred Charges

Deferred ChargesThe Company defers certain costs as an asset, primarily mobile app store distribution fees paid to the Company’s mobile app store download platforms, and recognizes such costs in cost of revenue, along with deferred revenue, as the services are provided, which is consistent with the subscription period. The fee differs based on the agreed upon percentage depending on the country from which the revenue originated and the length of consecutively paid subscriptions, generally approximating 30.0% of revenues for initial subscriptions

Selling, general and administrative expense

Selling, general and administrative expense consists of compensation expense (including unit and stock-based compensation expense) and other employee related costs for personnel engaged in selling and marketing, sales support

functions, executive management, finance, legal, tax, and human resources. Selling expenses also include advertising, brand marketing, digital and social media spend, and field marketing expenses. General and administrative expense also include transaction costs, allocated expenses associated with facilities, information technology, external professional services, legal costs and settlement of legal claims and other administrative expenses.

Product development expense

Product development expenseProduct development expense consists primarily of compensation (including stock and unit-based compensation expense) and other employee-related costs for personnel engaged in the design, development, testing, and enhancement of product offerings and related technology.

Depreciation and amortization expense

Depreciation and amortization expensesDepreciation and amortization expenses are primarily related to computer equipment, leasehold improvements, furniture and fixtures, customer relationships, technology, and capitalized software development costs.

Advertising Cost

Advertising Costs

Advertising costs are expensed as incurred. Advertising costs totaled $3,014 and $1,293 for the years ended December 31, 2022 and 2021, respectively. Advertising costs are included in “Selling, general and administrative expense” in the consolidated statements of operations and comprehensive income.

Leases

Accounting for Leases prior to the adoption of Topic 842

Periods prior to fiscal year 2022 reflect the provisions of Topic 840, Leases (“Topic 840”). Under Topic 840, rent expense was recorded on a straight-line basis over the lease term. The difference between cash payments for rent and the expense recorded was reported on a straight-line basis as current and non-current deferred rent within accrued expenses and other current liabilities and other long-term liabilities, and as prepaid rent within other current assets and other assets, respectively, in the accompanying consolidated balance sheets.

Adoption of Topic 842: Company as a lessee

An arrangement is assessed to determine if it is or contains a lease at contract inception. Right-of-use assets and lease liabilities, which are disclosed in the accompanying consolidated balance sheets, are recognized at the commencement date of the lease based on the present value of the lease payments over the lease term using the Company’s incremental borrowing rate on the lease commencement date. At the date of adoption of Topic 842 (refer to "Recently Adopted Accounting Pronouncements" below), the incremental borrowing rate for the Company's existing lease was determined based on the initial lease term. If the lease contains an option to extend the lease term, the renewal option is considered in the lease term if it is reasonably certain that the Company will exercise the option.

Operating lease expense is recognized on a straight-line basis over the term of the lease. Short-term leases, defined as leases with an initial term of twelve months or less, are not recorded on the consolidated balance sheets.

Adoption of Topic 842: Company as a lessor

Rental income from operating leases is recognized on a straight-line basis over the term of the lease.

See Recently Adopted Accounting Pronouncements and Note 13 for additional information on the adoption of Topic 842.

Income Taxes

Legacy Grindr restructured immediately prior to the Business Combination. The restructuring created two tax periods, one for Legacy Grindr through the restructuring, and one for Grindr through the remainder of the year. Legacy Grindr has elected to be treated as a C corporation for taxation purposes. The Company uses the asset and liability method when accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company records a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not. The Company recognizes the effect of income tax

positions only if those positions are more likely than not of being sustained. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Valuation allowances are provided against tax assets when it is determined that it is more-likely-than-not that the assets will not be realized. The Company evaluates and accounts for uncertain tax positions using a two-step approach. Recognition (step one) occurs when the Company concludes that a tax position, based on its technical merits, is more likely than not to be sustainable upon examination. Measurement (step two) determines the amount of the benefit that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained. The provision for income taxes included the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate, as well as the related interest and penalties.

Stock-based Compensation

The Company issues stock-based compensation awards to employees, officer, directors, and non-employees in the form of stock options and restricted stock units (“RSUs”). Compensation expense related to employee and non-employee stock-based awards is measured and recognized in the consolidated financial statements based on the fair value of the awards granted.

The Company’s stock-based compensation includes compensation expense related to the grant of service-based RSUs ("Time-Based Awards") and RSUs containing a market condition ("Market Condition Awards") granted under the 2022 Plan, service-based stock options and restricted units granted under the 2020 Plan, and the service-based and performance-based Series P Units (defined in Note 17) granted by SVE to employees and consultants of Legacy Grindr. Forfeitures of stock-based compensation awards are recognized as they occur.

The Company measures the fair value of the Time-Based Awards based on the fair value on the grant date of the Company’s common stock. Compensation expense for RSUs with time-based vesting conditions is recognized on a straight-line basis over the requisite service period.

The fair value of the Market Condition Awards that are liability-classified is estimated using a Monte Carlo simulation model. Prior to vesting, compensation expense is recognized over the derived service period using the accelerated attribution approach based on the fair market value of the award at the time of grant, regardless of whether the market condition is satisfied. At the end of each financial reporting period prior to the vesting date, the fair value of these awards is remeasured using a Monte Carlo simulation model.

The Company granted stock options to employees under the 2020 Plan that vest based solely on continued service, or service conditions. Prior to the Business Combination, the fair value of each option award containing service conditions was estimated on the grant date using the Black-Scholes option-pricing model. The use of the Black-Scholes model requires a number of estimates, including the expected option term, the expected volatility in the price of the Company’s common stock, the risk-free rate of interest and the dividend yield on the Company’s common stock. The Company recognizes stock-based compensation expense on a straight-line basis of the requisite service periods of the awards, which is generally four years. Upon completion of the Business Combination, all outstanding and unvested unit option awards granted under the 2020 Plan were converted using the Exchange Ratio into options exercisable for shares of Grindr common stock with the same terms and vesting conditions. See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

The estimated fair value of the Series P performance-based profit units awards is determined using the Black-Scholes valuation model which approximated the option pricing model valuation model. Performance-based profit units require management to make assumptions regarding the likelihood of achieving Legacy Grindr’s performance goals and the Company recognizes compensation expense when the likelihood of the achievement of the performance-based criteria is probable, using an accelerated attribution method. Forfeitures are recognized as they occur.

In addition, prior to the Business Combination, given the absence of a public trading market, Legacy Grindr’s Board of Managers, along with management, exercised reasonable judgment and considered numerous objective and subjective factors to determine the fair value of the Company’s common stock including, but not limited to: (i) contemporaneous valuations performed by an independent valuation specialist; (ii) the Company’s operating and financial performance; (iii) issuances of preferred and ordinary units; (iv) the valuation of comparable companies; (v) current condition of capital markets and the likelihood of achieving a liquidity event, such as an initial public offering; and (vi) the lack of marketability of its common stock. Following the Business Combination, the fair value of the Company’s common stock is determined based on the quoted market price of its common stock.

Modification of equity classified award

On the modification date, the Company determines the type of modification of the equity award by assessing whether the equity awards are probable or improbable to vest before and after the modification. The Company estimates the fair value of the awards immediately before and immediately after modification for those equity awards that are probable of vesting before and after the modification. Any incremental increase in fair value is recognized as an expense immediately to the extent the underlying equity awards are vested and on a straight-line basis over the requisite service period using the related expense attribution method to the extent that they are unvested. For equity awards that are improbable of vesting before the modification and probable of vesting after the modification, the Company recognizes expense measured as the fair value of the modified award on a straight-line basis over the requisite service period using the related expense attribution method based on the fair value of the awards at the modification date.

See Note 17 to the financial statements for a discussion of the Company’s stock-based compensation plans.

Concentration of Risks

Concentration of Risks Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, and accounts receivable. The Company maintains its cash balances with one major commercial bank. Cash balances are generally in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250. The Company has not experienced any losses in such accounts.

Net Income (loss) per Share of Ordinary Units/Common Stock

Net Income per Share of Common StockBasic net income per share is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the year. Diluted net income per share is based upon the diluted weighted-average number of shares outstanding during the year. Diluted net income per share gives effect to all potentially dilutive common share equivalents, including stock options. restricted stock units, and warrants, to the extent they are dilutive.

Warrant Liability

The Company accounts for warrants for shares of the Company’s common stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. Liability-classified warrants are subject to remeasurement to fair value as of any respective exercise date and as of each subsequent balance sheet date with changes in fair value recorded in the Company’s consolidated statements of operations and comprehensive income. See Note 15 for additional information on the Company’s warrants.

Recently Adopted and Recent Accounting Pronouncements

Recently Adopted Accounting Pronouncements

From time to time, the Financial Accounting Standards Board (“FASB”) or other standards setting bodies issue new accounting pronouncements. Updates to the FASB ASC are communicated through issuance of an Accounting Standards Update (“ASU”).

As an “emerging growth company”, the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), allows the Company to delay adoption of new or revised pronouncement applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use the adoption dates applicable to private companies. As a result, the Company’s financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective date for new or revised accounting standards that are applicable to public companies.

Effective January 1, 2022, the Company adopted ASU No. 2016-02, Leases (“Topic 842”) using the modified retrospective transition approach by applying the new standard to all leases existing at the date of initial application. The new standard provides a number of optional practical expedients in transition. The Company elected the package of practical expedients, which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected to combine the lease and non-lease components and to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of operations and comprehensive income on a straight-line basis over the lease term. Results and disclosure requirements for reporting periods beginning after January 1, 2022 are presented under Topic 842, while prior period amounts have not been adjusted and continue to be reported in accordance with historical accounting under Topic 840.

The adoption of Topic 842 resulted in the recognition of right-of-use assets and related lease liabilities of $5,585 and $5,646, respectively as of January 1, 2022, which were determined in accordance with the implementation guidance of Topic 842.

See Note 13 - Commitments and Contingencies for additional information on the adoption of Topic 842.

Effective January 1, 2022, the Company adopted the ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options. This new standard provides clarification and reduces diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (such as warrants) that remain equity classified after modification or exchange. An issuer should measure the effect of a modification or exchange as the difference between the fair value of the modified or exchanged warrant and the fair value of that warrant immediately before modification or exchange and then apply a recognition model that comprises four categories of transactions and the corresponding accounting treatment for each category (equity issuance, debt origination, debt modification, and modifications unrelated to equity issuance and debt origination or modification). As the Company does not have any equity-classified written call options, there was no immediate impact on the consolidated financial statements for the year ended December 31, 2022. The future application of this new standard is not expected to have a material impact on the Company's consolidated financial statements.

Recent Accounting Pronouncements

In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (ASU 2022-03), which applies to all equity securities measured at fair value that are subject to contractual sale restrictions. This change prohibits entities from taking into account contractual restrictions on the sale of equity securities when estimating fair value and introduces required disclosures for such transactions. The standard will become effective for the Company beginning on November 1, 2024 and will be applied prospectively. Early adoption is permitted. Any future impact from the adoption of this guidance will depend on the facts and circumstances of future transactions.

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which amends the accounting for contract assets acquired and contract liabilities assumed from contracts with customers in business combinations. The amendment requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with ASC Topic 606, resulting in a shift from previous guidance which required similar assets and liabilities to be accounted for at fair value at the acquisition date. For public business entities, the guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The amendments in this Update should be applied prospectively to business combinations occurring on or after the effective date of the amendments. While the Company is continuing to assess the timing of adoption and potential impact of this guidance it does not expect the guidance to have a material effect, if any, on its consolidated financial statements and related disclosures. The Company will continue to evaluate the impact of this guidance upon the occurrence of future acquisitions.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which revises the measurement of credit losses for financial assets measured at amortized cost from an incurred loss methodology to an expected loss methodology. The standard requires entities to use a forward-looking approach based on expected losses to estimate credit losses on certain types of financial instruments, including trade receivables, debt securities, net investment in leases, and most other financial assets that represent a right to receive cash. Additional disclosures about significant estimates and credit quality are also required. The FASB has

subsequently issued updates to the standard to provide additional clarification on specific topics. The ASU is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its financial statements.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives

Depreciation expense is calculated using the straight-line method over the estimated useful lives of the assets, and in the case of leasehold improvements, the lease term, if shorter, as follows:


			Estimated Useful Lives
Computer equipment..................................................................................................			3 years
Furniture and fixtures.................................................................................................			5 years
Leasehold improvements............................................................................................			5 to 10 years

Property and equipment consist of the following:


	December 31, 2022		December 31, 2021
Computer equipment	$	1,038	$	588
Furniture and fixtures	326		346
Leasehold improvements	2,641		2,641
	4,005		3,575
Less: Accumulated depreciation	(1,984)		(1,201)
	$	2,021	$	2,374

Disaggregation of Revenue

The following tables summarize revenue from contracts with customers for the year ended December 31, 2022 and 2021, respectively:


	Year Ended December 31,
	2022		2021
Direct revenue	$	163,308	$	116,031
Indirect revenue	31,707		29,802
	$	195,015	$	145,833


	Year Ended December 31,
	2022		2021
United States	$	121,958	$	93,628
United Kingdom	14,339		10,704
Rest of the world	58,718		41,501
	$	195,015	$	145,833

Reverse Recapitalization (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table reconciles the elements of the Business Combination to the consolidated statements of cash flows and the consolidated statements of stockholders' equity for the year ended December 31, 2022:


	Recapitalization
Cash - Tiga, trust and cash, net of redemptions	$	5,182
Cash - Exercise of Forward Purchase Agreement	100,000
	105,182
Less: Non-cash net liabilities assumed from Tiga	(1,754)
Less: Fair value of Public and Private Warrants	(39,228)
Less: Transaction costs for Tiga	(17,421)
Less: Transaction costs for Grindr allocated to equity	(9,933)
Net effect of Business Combination on equity	36,846
Less: Transaction costs for Grindr allocated to warrant liability	(2,302)
Add: Transaction costs for Grindr not yet paid	1,196
Add: Non-cash net liabilities assumed from Tiga	1,754
Add: Fair value of Public and Private Warrants	39,228
Net cash contributions from Business Combination	$	76,722


As presented in the consolidated statements of stockholders' equity:
Issuance of common stock in the Business Combination, net of transaction costs	$	(65,983)
Exercise of Forward Purchase Agreement	102,829
Net effect of Business Combination on equity	$	36,846

As presented in the consolidated statements of cash flows:
Proceeds from issuance of common stock in the Business Combination	$	5,182
Proceeds from exercise of Forward Purchase Agreement	100,000
Transaction costs paid in connection with the Business Combination	(28,460)
Net cash contributions from Business Combination	$	76,722

Schedule Of Reverse Recapitalization

The number of shares of common stock issued immediately following the consummation of the Business Combination was as follows:


						Shares
Founder Shares						6,900,000
Class A common stock of Tiga, net of redemptions						485,233
Forward Purchase Agreement shares						10,000,000
Legacy Grindr units						156,139,170
Total						173,524,403

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Depreciation expense is calculated using the straight-line method over the estimated useful lives of the assets, and in the case of leasehold improvements, the lease term, if shorter, as follows:


			Estimated Useful Lives
Computer equipment..................................................................................................			3 years
Furniture and fixtures.................................................................................................			5 years
Leasehold improvements............................................................................................			5 to 10 years

Property and equipment consist of the following:


	December 31, 2022		December 31, 2021
Computer equipment	$	1,038	$	588
Furniture and fixtures	326		346
Leasehold improvements	2,641		2,641
	4,005		3,575
Less: Accumulated depreciation	(1,984)		(1,201)
	$	2,021	$	2,374

Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Goodwill and intangible assets, net, consist of the following:


	December 31,
	2022		2021
Goodwill	$	275,703	$	258,619
Intangible assets with definite lives, net	38,700		73,864
Intangible assets with indefinite lives	65,844		65,844
	$	380,247	$	398,327

Schedule of Goodwill

A rollforward of the goodwill balance as of December 31, 2022 and 2021 is as follows:


	December 31,
	2022		2021
Balance at beginning of period	$	258,619	$	258,619
Goodwill arising from the SV Consolidation (see Note 3)	17,084		—
Balance at the end of period	$	275,703	$	258,619

Schedule of Finite-Lived Intangible Assets

As of December 31, 2022 and 2021, intangible assets with definite lives consist of the following:


	December 31, 2022
	Gross Carrying Value		Accumulated Amortization		Net		Weighted Average Useful Life
Customer relationships	$	94,874	$	(61,517)	$	33,357	5 years
Technology	37,041		(31,698)		5,343		3 years
	$	131,915	$	(93,215)	$	38,700


	December 31, 2021
	Gross Carrying Value		Accumulated Amortization		Net		Weighted Average Useful Life
Customer relationships	$	94,874	$	(38,700)	$	56,174	5 years
Technology	37,041		(19,351)		17,690		3 years
	$	131,915	$	(58,051)	$	73,864

The weighted average estimated remaining life for the intangible asset classes are as follows:


	December 31,
	2022	2021
Customer relationships	2.5 years	3.5 years
Technology	0.5 years	1.5 years

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2022, amortization of long-lived intangible assets is estimated to be as follows:


2023	$	22,214
2024	12,460
2025	4,026
Thereafter	—
	$	38,700

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Capitalized Software Development Costs (Tables)

12 Months Ended

Dec. 31, 2022

Research and Development [Abstract]

Schedule of Capitalized Software Development Costs

Capitalized software development costs consist of the following:


	December 31,
	2022		2021
Capitalized software development costs	$	8,361	$	3,724
Less: Accumulated amortization	(976)		(87)
	$	7,385	$	3,637

Income Tax (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Net Income (Loss) Before Income Tax

Net (loss) income before income tax includes the following components:


	Year ended December 31, 2022		Year ended December 31, 2021
United States	$	(36)	$	6,265
International	29		35
	$	(7)	$	6,300

Schedule of Provision for Income Taxes

Income tax (benefit) provision for the year ended December 31, 2022 and 2021, consisted of the following:


	Year ended December 31, 2022		Year ended December 31, 2021
Current income tax provision:
Federal	$	8,696	$	4,828
State	1,647		711
International	17		9
Total current tax provision:	$	10,360	$	5,548
Deferred income tax benefit:
Federal	$	(9,791)	$	(4,436)
State	(1,428)		124
International	—		—
Total deferred tax benefit:	$	(11,219)	$	(4,312)
Total income tax (benefit) provision	$	(859)	$	1,236

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to portions of deferred tax assets and deferred tax liabilities are as follows:


	December 31,
	2022		2021
Deferred tax assets:
Accrued expenses	$	210	$	189
Equity awards	1,014		285
Net operating losses	499		4
General business credit	415		300
Deferred rent	—		47
Accrued compensation	315		282
Right-of-use asset	1,171		—
Capitalized research expenditures	970		—
Tax original issue discount	359		491
Capitalized interest carryforward	1,346		195
Other	131		—
Gross deferred tax assets	6,430		1,793
Less: Valuation allowance	(286)		—
Total deferred tax assets	6,144		1,793
Deferred tax liabilities:
Intangible assets	(17,168)		(22,551)
Lease liability	(1,089)		—
Other	(415)		(154)
Total gross deferred tax liabilities:	(18,672)		(22,705)
Net deferred tax liabilities	$	(12,528)	$	(20,912)

Summary of Tax Credit Carryforwards

Tax credit carryforwards are as follows:


	December 31, 2022
	Amount		Expiration Years
Net operating losses, federal (Post December 31, 2017)	$	1,620	Do Not Expire
Net operating losses, state	$	2,863	2032 - 2042
Tax credits, federal	$	82	2042
Tax credits, state	$	507	Do Not Expire


	December 31, 2021
	Amount		Expiration Years
Tax credits, state	$	468	Do Not Expire

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the Company’s income tax (benefit) provision on (loss) income before income tax and the statutory tax rate is as follows:


	Year ended December 31, 2022		Year ended December 31, 2021
Income tax provision at the federal statutory rate of 21.0%	$	(1)	$	1,323
State taxes	(138)		605
Equity compensation	5,167		277
Transaction costs	482		—
Foreign derived intangible income deduction	(1,475)		(693)
Change in valuation allowance	286		(74)
Warrant liability revaluations	(4,472)		—
Research tax credit	(1,062)		(46)
Uncertain tax positions	260		113
Other items	94		(269)
	$	(859)	$	1,236

Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits

The following table summarized the activity related to the gross unrecognized tax benefits as of December 31, 2022 and December 31, 2021:


	Year ended December 31, 2022		Year ended December 31, 2021
Balance at the beginning of the year	$	341	$	232
Increase related to current year tax positions	245		109
Balance at end of the year	$	586	$	341

Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Current Assets

Other current assets consist of the following:


	December 31, 2022		December 31, 2021
Income tax receivable	$	—	$	3,274
Cloud computing arrangements implementation costs	624		—
Other current assets	126		34
	$	750	$	3,308

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities

Accrued expenses and other current liabilities consist of the following:


	December 31,
	2022		2021
Income and other taxes payable	$	5,360	$	664
Interest payable	2,444		—
Accrued professional service fees	2,317		184
Accrued legal expense	1,308		196
CEO make-whole bonus (see Note 13)	1,200		—
Lease liability, short-term	1,050		—
Employee compensation and benefits	813		320
Settlement payable to a former director	641		204
Accrued infrastructure expenses	214		—
Settlement payable of incentive units on 2016 Plan	—		1,060
Other accrued expenses	334		911
	$	15,681	$	3,539

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Total debt for the Company is comprised of the following:


	December 31, 2022		December 31, 2021
Credit Agreement
Current	$	22,152	$	3,840
Non-current	345,328		136,320
	$	367,480	$140,160
Less: unamortized debt issuance costs	(6,852)		(3,041)
	$	360,628	$	137,119

Schedule of Maturities of Long-Term Debt

Future maturities of the Credit Agreement as of December 31, 2022, were as follows:


2023	$	22,152
2024	22,856
2025	36,225
2026	7,069
2027	279,178
Thereafter	—
	$	367,480

Commitment and Contingencies (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Lease, Cost

Components of lease cost included in general and administrative expenses on the consolidated statements of operations and comprehensive income are as follows:


Lease cost	Year Ended December 31, 2022
Operating lease cost	$	1,652
Variable lease cost	—
Short-term lease cost	—
Sublease income	(738)
Total lease cost	$	914

Supplemental cash flow information related to leases is as follows:


	Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities	$	1,373
Right-of-use assets obtained in exchange for lease liabilities:
Leases recognized upon adoption of ASC 842	$	5,585

Future Minimum Lease Commitments

Future maturities on lease liabilities as of December 31, 2022, are as follows:


2023	$	1,529
2024	1,746
2025	1,799
2026	605
2027	—
Thereafter	—
Total lease payments	$	5,679
Less: imputed interest	(971)
Total lease liabilities	$	4,708

As of December 31, 2021, prior to the Company’s adoption of Topic 842, annual minimum payments under noncancelable operating leases were as follows:


2022	$	1,508
2023	1,696
2024	1,746
2025	1,799
Thereafter	605
	$	7,354

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases as of December 31, 2022 is as follows (in thousands, except lease term and discount rate):


	December 31, 2022
Assets:
Right-of-use assets	$	4,535
Liabilities:
Accrued expenses and other current liabilities	$	1,050
Lease liability	3,658
Total operating lease liabilities	$	4,708
Weighted average remaining operating lease term (years)	3.3
Weighted average operating lease discount rate	11.41%

Schedule of Future Non-Cancelable Rent Payments

Future non-cancelable rent payments from the Company's sublease tenant as of December 31, 2022 were as follows:


2023	$	631
Thereafter	—
	$	631

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Stock by Class

The number of authorized, issued and outstanding stock, after the effect of the reverse acquisition, were as follows:


	December 31, 2022
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock	100,000,000	—
Common Stock	1,000,000,000	173,524,360
	1,100,000,000	173,524,360


	December 31, 2021
	Authorized Shares	Shares Issued and Outstanding
Preferred Stock, as recast	unlimited	—
Common Stock, as recast	unlimited	155,541,074
		155,541,074

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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+ Details

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Unit Activity

A summary of the unvested time-based RSU activity for Director RSUs, Employee RSUs, and the Time-Based Awards granted to the CEO and CFO during the year ended December 31, 2022 was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2021	—
Granted	4,555,256	$	10.10


Outstanding at December 31, 2022	4,555,256	$	10.10

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the key input assumptions used in the Black-Scholes option-pricing model to estimate the fair value of unit options granted for the years ended December 31, 2022 and 2021:


	Year Ended December 31,
	2022		2021
Expected life of options (in years)(1)	4.57 - 4.61		4.55 - 4.61
Expected stock price volatility(2)	56.39% - 61.97%		48.20% - 56.46%
Risk free interest rate(3)	1.37% - 4.24%		0.32% - 0.98%
Expected dividend yield(4)	—	%	—	%
Weighted average grant-date fair value per unit of stock options granted	$2.75 - $6.37		$2.51
Fair value per common stock/unit	$4.20 - $8.36		$3.21 - $4.20

(1)The expected term for award is determined using the simplified method, which estimates the expected term using the contractual life of the option and the vesting period.

(2)Expected volatility is based on historical volatilities of a publicly traded per group over a period equivalent to the expected term of the awards

(3)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards

(4)Prior to the date of the Business Combination, Legacy Grindr did not historically pay any cash dividends on its common stock. On June 10, 2022 and November 14, 2022, Legacy Grindr's Board of Managers approved a special distribution as described in Note 12, and the Company does not expect to pay any normal course cash dividends on its common stock in the foreseeable future.

The following table summarizes the key input assumptions used in the Black-Scholes option-pricing model to estimate the fair value of the Series P Units granted during the year ended December 31, 2021:


	December 31,
	2021
Expected life of units (in years)(1)	3
Expected unit price volatility(2)	70.0		%
Risk free interest rate(3)	0.4		%
Expected dividend yield(4)	—		%
Weighted average grant-date fair value per SVE series P unit for each SVE Series P unit granted	$	2.42
Fair value per common unit	$	3.55

___________________

(1)The expected term for award is estimated in consideration of the time period expected to achieve the performance condition, the contractual term of the award, and estimates of future exercise behavior.

(2)Expected volatility is based on historical volatilities of a publicly traded per group over a period equivalent to the expected term of the awards

(3)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards

(4) Prior to the date of the Business Combination, Legacy Grindr did not historically pay any cash dividends on its common stock. On June 10, 2022 and November 14, 2022, the Legacy Grindr's Board of Managers approved a special distribution as described in Note 12, and the Company does not expect to pay any normal course cash dividends on its common stock in the foreseeable future.

Summary of Stock Option Activity

The following table summarizes the option activity for the years ended December 31, 2022 and 2021:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2020 (as previously reported)	2,524,205	$	4.50	6.6	$	680
Retroactive application of recapitalization	1,017,859
Outstanding at December 31, 2020, after effect of reverse recapitalization	3,542,064	$	3.21	6.6	$	680
Granted	1,987,623	$	4.03
Exercised	(421,771)	$	3.21
Forfeited	(278,544)	$	3.26
Outstanding at December 31, 2021	4,829,372	$	3.55	6.1	$	3,159
Granted	1,767,002	$	7.70
Exercised	(598,053)	$	3.38
Forfeited	(1,292,556)	$	3.45
Outstanding at December 31, 2022	4,705,765	$	5.15	5.7	$	2,967

Exercisable at December 31, 2021	716,441	$	3.22	5.7	$	699
Exercisable at December 31, 2022	1,083,987	$	3.52	5.0	$	1,225

Summary of the Components of Total Stock-Based Compensation Expense

The following table summarizes stock-based compensation expenses for the years ended December 31, 2022 and 2021, respectively:


	Year Ended December 31,
	2022		2021
Selling, general and administrative expenses	$	27,665	$	2,217
Product development expenses	921		268
	$	28,586	$	2,485

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:


	December 31, 2022
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds	$	4,085	$	4,085	$	—	$	—
	$	4,085	$	4,085	$		$

Liabilities:
Executive Market Condition Awards	$	4,129	$	—	$	—	$	4,129
Common stock warrant liabilities	17,933		9,024		8,909		—
	$	22,062	$	9,024	$	8,909	$	4,129













	December 31, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Money market funds	$	9,648	$	9,648	$	—	$	—
	$	9,648	$	9,648	$	—	$	—

Liabilities:
Executive Market Condition Awards	$	—	$	—	$	—	$	—
Common stock warrant liabilities	—		—		—		—
	$	—	$	—	$	—	$	—

Fair Value Measurement Inputs and Valuation Techniques

The key inputs into the Monte Carlo simulation as of December 31, 2022 were as follows:


			December 31, 2022
Expected term (in years)			9.9 years
Volatility			65.0%
Risk-free interest rate			3.8%
Dividend yield			—%

Schedule of Derivative Liabilities at Fair Value

The following table presents the changes in the fair value of the warrant liability:


	Public Warrants		Private Warrants		Total Warrant Liability
Fair value as of December 31, 2021	$	—	$	—	$	—
Assumption of Warrants upon Closing	19,740		19,488		39,228
Change in fair value of Warrant liability	(10,716)		(10,579)		(21,295)
Fair value as of December 31, 2022	$	9,024	$	8,909	$	17,933

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Computations of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted income per share:


	Year Ended December 31,
	2022		2021
Numerator:
Net income and comprehensive income	$	852	$	5,064
Denominator:
Weighted-average common shares outstanding - basic	157,882,535		152,811,130
Stock options issued under 2020 Plan	1,267,239		56,336
Time-based RSUs	17,098		—
Weighted-average common shares outstanding - diluted	159,166,872		152,867,466

Net income per share:
Basic	$	0.01	$	0.03
Diluted	$	0.01	$	0.03

The weighted-average number of shares of common stock outstanding prior to the Business Combination have been retroactively adjusted by the Exchange Ratio to give effect to the reverse recapitalization treatment of the Business Combination.

Shares Excluded from Computation of Diluted Net (Loss) and Comprehensive Income (Loss) per Common Share

The following table presents the potential shares that are excluded from the computation of diluted net income and comprehensive income for the periods presented because including them would have had an anti-dilutive effect:


	Year Ended December 31,
	2022	2021
Stock options issued under 2020 Plan	1,594,021	1,761,810
Time-based RSUs	4,383,256	—
Public and Private Warrants	37,360,000	—

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment reporting_unit	Dec. 31, 2021 USD ($)	Jan. 01, 2022 USD ($)	Jan. 01, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Number of segments \| segment	1
Number of reporting units \| reporting_unit	1
Accounts receivable, net of allowances	$ 22,435	$ 17,885		$ 11,833
Deferred charges	$ 36,907	29,020
Initial subscriptions, percent of revenue	30.00%
Deferred revenue	$ 18,586	20,077		$ 13,530
Deferred revenue recognized	20,077	13,530
Advertising expense	3,014	1,293
Right of use assets	4,535	$ 0	$ 5,585
Total lease liabilities	$ 4,708		$ 5,646
Stock options
Property, Plant and Equipment [Line Items]
Service period	4 years
Software Development
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Subscription Term, Period One
Property, Plant and Equipment [Line Items]
Monthly subscription terms	1 month
Subscription Term, Period Two
Property, Plant and Equipment [Line Items]
Monthly subscription terms	3 months
Subscription Term, Period Three
Property, Plant and Equipment [Line Items]
Monthly subscription terms	6 months
Subscription Term, Period Four
Property, Plant and Equipment [Line Items]
Monthly subscription terms	12 months
Minimum
Property, Plant and Equipment [Line Items]
Accounts receivable, collection period	30 days
Accounts receivable, collection period, after invoice	30 days
Performance obligation, subscription period	12 months
Maximum
Property, Plant and Equipment [Line Items]
Accounts receivable, collection period	45 days
Accounts receivable, collection period, after invoice	60 days
Performance obligation, subscription period	1 month
Cost of Goods and Service Benchmark \| Supplier Concentration Risk \| Cost Of Goods And Services, Vendor 1
Property, Plant and Equipment [Line Items]
Concentration risk	56.70%	54.50%
Cost of Goods and Service Benchmark \| Supplier Concentration Risk \| Cost Of Goods And Services, Vendor 2
Property, Plant and Equipment [Line Items]
Concentration risk	15.60%	23.20%
Cost of Goods and Service Benchmark \| Supplier Concentration Risk \| Cost Of Goods And Services, Vendor 3
Property, Plant and Equipment [Line Items]
Concentration risk	15.30%	12.30%
Accounts Receivable \| Customer Concentration Risk \| Mobile App Store, 1
Property, Plant and Equipment [Line Items]
Concentration risk	43.30%	43.60%
Accounts Receivable \| Customer Concentration Risk \| Mobile App Store, 2
Property, Plant and Equipment [Line Items]
Concentration risk	15.90%	14.40%
Accounts Receivable \| Customer Concentration Risk \| Accounts Receivable, Customer 1
Property, Plant and Equipment [Line Items]
Concentration risk	11.20%	10.50%
Accounts Payable \| Supplier Concentration Risk \| Accounts Payable, Vendor 1
Property, Plant and Equipment [Line Items]
Concentration risk	23.30%	23.90%
Accounts Payable \| Supplier Concentration Risk \| Accounts Payable, Vendor 2
Property, Plant and Equipment [Line Items]
Concentration risk	16.60%	23.20%
Accounts Payable \| Supplier Concentration Risk \| Accounts Payable, Vendor 3
Property, Plant and Equipment [Line Items]
Concentration risk	14.60%	12.30%
Accounts Payable \| Supplier Concentration Risk \| Accounts Payable, Vendor 4
Property, Plant and Equipment [Line Items]
Concentration risk	12.80%	10.20%

Summary of Significant Accounting Policies - Schedule of Property and Equipment Useful Lives (Details)	12 Months Ended
	Dec. 31, 2022
Computer equipment
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives	10 years

Summary of Significant Accounting Policies - Schedule of Disaggregation of Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 195,015	$ 145,833
United States
Disaggregation of Revenue [Line Items]
Revenue	121,958	93,628
United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	14,339	10,704
Rest of the world
Disaggregation of Revenue [Line Items]
Revenue	58,718	41,501
Direct revenue
Disaggregation of Revenue [Line Items]
Revenue	163,308	116,031
Indirect revenue
Disaggregation of Revenue [Line Items]
Revenue	$ 31,707	$ 29,802

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

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+ Details

Reverse Recapitalization - Narrative (Details) $ / shares in Units, $ in Thousands					12 Months Ended
	Nov. 18, 2022 $ / shares shares	Nov. 17, 2022 shares	Nov. 15, 2022 USD ($) $ / shares shares	Nov. 14, 2022 USD ($) segment	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Nov. 23, 2022 USD ($) $ / shares	Jun. 10, 2022 USD ($)
Schedule Of Reverse Recapitalization [Line Items]
Recapitalization exchange ratio		1
Warrants	37,360,000
Common stock, shares outstanding (in shares)	173,524,403				173,524,360	155,541,074
Exercisable (in shares)	5,100,637
Price per share (in USD per share) \| $ / shares	$ 10.00
Warrants issued (in shares)	0.50
Deferred payment, settlement period \| segment				10
Loss on extinguishment of debt \| $				$ 11,851	$ 0	$ (1,535)
Issuance of units (in shares)	10,000,000
Forward Purchase Warrant
Schedule Of Reverse Recapitalization [Line Items]
Warrants	2,500,000
Promissory Note
Schedule Of Reverse Recapitalization [Line Items]
Promissory note \| $			$ 155	155,000
San Vicente Entities
Schedule Of Reverse Recapitalization [Line Items]
Obligation \| $							$ 155,000
San Vicente Entities \| Promissory Note
Schedule Of Reverse Recapitalization [Line Items]
Promissory note \| $				155,000
Group Holdings \| Promissory Note
Schedule Of Reverse Recapitalization [Line Items]
Promissory note \| $			155	155,000
San Vincente Equity Joint Venture LLC \| Promissory Note
Schedule Of Reverse Recapitalization [Line Items]
Promissory note \| $			$ 155
Common Stock
Schedule Of Reverse Recapitalization [Line Items]
Stock converted, reverse recapitalization	156,139,170
Series X Ordinary Units
Schedule Of Reverse Recapitalization [Line Items]
Dividends payable (in USD per share) \| $ / shares								$ 2.55
Dividends payable \| $								$ 283,801	$ 83,313
Series X Ordinary Units \| Legacy Grindr
Schedule Of Reverse Recapitalization [Line Items]
Dividends payable \| $				$ 283,801
Tiga
Schedule Of Reverse Recapitalization [Line Items]
Recapitalization exchange ratio		1
Stock converted, reverse recapitalization		485,233
Warrants		1
Number of shares issued in transaction (in shares)	27,114,767
Price per share (in USD per share) \| $ / shares	$ 10.50
Common Shareholders
Schedule Of Reverse Recapitalization [Line Items]
Stock converted, reverse recapitalization		1
Warrants		1
Legacy Grindr
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares outstanding (in shares)	111,294,372
Shares outstanding (in shares)	3,635,681
Sponsor
Schedule Of Reverse Recapitalization [Line Items]
Recapitalization exchange ratio	1
Sponsor \| Common Stock
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares outstanding (in shares)	6,840,000
Independent Directors
Schedule Of Reverse Recapitalization [Line Items]
Common stock, shares outstanding (in shares)	60,000
SV Parent
Schedule Of Reverse Recapitalization [Line Items]
Issuance of units (in shares)	10,000,000
SV Cayman \| Forward Purchase Warrant
Schedule Of Reverse Recapitalization [Line Items]
Warrants	5,000,000
SV Cayman \| Legacy Grindr
Schedule Of Reverse Recapitalization [Line Items]
Issuance of units (in shares)			7,127,896
Warrants (in shares)			3,563,948
Warrant exercise price (in USD per share) \| $ / shares			$ 16.13
SV Cayman \| Common Stock
Schedule Of Reverse Recapitalization [Line Items]
Warrants (in shares)	10,000,000

Reverse Recapitalization - Schedule of Cash Flows and Equity (Details) - USD ($) $ in Thousands		12 Months Ended
	Nov. 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Cash - Tiga, trust and cash, net of redemptions	$ 5,182
Cash - Exercise of Forward Purchase Agreement	100,000	$ 100,000	$ 0
Cash received from business combination	105,182
Less: Non-cash net liabilities assumed from Tiga	(1,754)
Less: Fair value of Public and Private Warrants	39,228	39,228
Less: Transaction costs for Tiga	(17,421)
Less: Transaction costs for Grindr allocated to equity	(9,933)
Net effect of Business Combination on equity	36,846
Less: Transaction costs for Grindr allocated to warrant liability	(2,302)
Transaction costs incurred but not yet paid		1,196	0
Add: Non-cash net liabilities assumed from Tiga	1,754
Add: Fair value of Public and Private Warrants	(39,228)	(39,228)
Net cash contributions from Business Combination	76,722
As presented in the consolidated statements of stockholders' equity:
Issuance of common stock in the Business Combination, net of transaction costs	(65,983)	65,983	(30,000)
Exercise of Forward Purchase Agreement	102,829	(102,830)
Net effect of Business Combination on equity	36,846
As presented in the consolidated statements of cash flows:
Proceeds from issuance of common stock in the Business Combination	5,182	5,182	0
Proceeds from exercise of Forward Purchase Agreement	100,000	$ 100,000	$ 0
Transaction costs paid in connection with the Business Combination	(28,460)
Net cash contributions from Business Combination	$ 76,722

Reverse Capitalization - Schedule of Reverse Recapitalization (Details) - shares	Nov. 18, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Reverse Recapitalization [Line Items]
Forward Purchase Agreement shares (in shares)	10,000,000
Common stock, shares outstanding (in shares)	173,524,403	173,524,360	155,541,074
Founder Shares
Schedule Of Reverse Recapitalization [Line Items]
Stock issued (in shares)	6,900,000
Tiga
Schedule Of Reverse Recapitalization [Line Items]
Stock issued (in shares)	485,233
Legacy Grindr
Schedule Of Reverse Recapitalization [Line Items]
Stock issued (in shares)	156,139,170
Common stock, shares outstanding (in shares)	111,294,372

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,005	$ 3,575
Less: Accumulated depreciation	(1,984)	(1,201)
Property and equipment, net	2,021	2,374
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,038	588
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	326	346
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,641	$ 2,641

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 783	$ 761

Goodwill and Intangibles - Schedule of Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 275,703	$ 258,619	$ 258,619
Intangible assets with definite lives, net	38,700	73,864
Intangible assets with indefinite lives	65,844	65,844
Goodwill and intangible assets	$ 380,247	$ 398,327

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Intangibles - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance at beginning of period	$ 258,619	$ 258,619
Goodwill arising from the SV Consolidation	17,084	0
Balance at the end of period	$ 275,703	$ 258,619

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Intangibles - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 65,844,000	$ 65,844,000
Amortization of intangible assets	$ 35,164,000	$ 42,041,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Depreciation and amortization	Depreciation and amortization
Trade Names
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 65,844,000	$ 65,844,000
Technology
Finite-Lived Intangible Assets [Line Items]
Intangible asset write-off	$ 0	$ 125,000

Goodwill and Intangibles - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Value	$ 131,915	$ 131,915
Accumulated Amortization	(93,215)	(58,051)
Net	38,700	73,864
Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Value	94,874	94,874
Accumulated Amortization	(61,517)	(38,700)
Net	$ 33,357	$ 56,174
Weighted Average Useful Life	5 years	5 years
Weighted average estimated remaining lives	2 years 6 months	3 years 6 months
Technology
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Value	$ 37,041	$ 37,041
Accumulated Amortization	(31,698)	(19,351)
Net	$ 5,343	$ 17,690
Weighted Average Useful Life	3 years	3 years
Weighted average estimated remaining lives	6 months	1 year 6 months

Goodwill and Intangibles - Expected Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 22,214
2024	12,460
2025	4,026
Thereafter	0
Net	$ 38,700	$ 73,864

Capitalized Software Development Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Research and Development [Abstract]
Capitalized software development costs	$ 8,361	$ 3,724
Less: Accumulated amortization	(976)	(87)
Capitalized software development costs, net	$ 7,385	$ 3,637

Capitalized Software Development Costs - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Research and Development [Abstract]
Amortization	$ 889	$ 65
Write-off	$ 669	$ 242

Income Tax - Schedule of Domestic and Foreign Components of Loss before Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ (36)	$ 6,265
International	29	35
Net (loss) income before income tax	$ (7)	$ 6,300

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Income Tax - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current income tax provision:
Federal	$ 8,696	$ 4,828
State	1,647	711
International	17	9
Total current tax provision:	10,360	5,548
Deferred income tax benefit:
Federal	(9,791)	(4,436)
State	(1,428)	124
International	0	0
Total deferred tax benefit:	(11,219)	(4,312)
Total income tax (benefit) provision	$ (859)	$ 1,236

Income Tax - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Accrued expenses	$ 210	$ 189
Equity awards	1,014	285
Net operating losses	499	4
General business credit	415	300
Deferred rent	0	47
Accrued compensation	315	282
Right-of-use asset	1,171	0
Capitalized research expenditures	970	0
Tax original issue discount	359	491
Capitalized interest carryforward	1,346	195
Other	131	0
Gross deferred tax assets	6,430	1,793
Less: Valuation allowance	(286)	0
Total deferred tax assets	6,144	1,793
Deferred tax liabilities:
Intangible assets	(17,168)	(22,551)
Lease liability	(1,089)	0
Other	(415)	(154)
Total gross deferred tax liabilities:	(18,672)	(22,705)
Net deferred tax liabilities	$ (12,528)	$ (20,912)

Income Tax - Schedule of Tax Credit Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Domestic Tax Authority
Tax Credit Carryforward [Line Items]
Net operating losses	$ 1,620
Tax credits	82
State and Local Jurisdiction
Tax Credit Carryforward [Line Items]
Net operating losses	2,863
Tax credits	$ 507	$ 468

Income Tax - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Income tax provision at the federal statutory rate of 21.0%	$ (1)	$ 1,323
State taxes	(138)	605
Equity compensation	5,167	277
Transaction costs	482	0
Foreign derived intangible income deduction	(1,475)	(693)
Change in valuation allowance	286	(74)
Warrant liability revaluations	(4,472)	0
Research tax credit	(1,062)	(46)
Uncertain tax positions	260	113
Other items	94	(269)
Total income tax (benefit) provision	$ (859)	$ 1,236

Income Tax - Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at the beginning of the year	$ 341	$ 232
Increase related to current year tax positions	245	109
Balance at end of the year	$ 586	$ 341

Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Income tax receivable	$ 0	$ 3,274
Cloud computing arrangements implementation costs	624	0
Other current assets	126	34
Other current assets, Total	$ 750	$ 3,308

Promissory Note from a Member (Details) - USD ($) $ in Thousands	Nov. 18, 2022	Apr. 27, 2021	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Issuance of units (in shares)	10,000,000
Catapult GP II
Accounts, Notes, Loans and Financing Receivable [Line Items]
Issuance of units (in shares)	7,385,233
Legacy Grindr \| Catapult GP II
Accounts, Notes, Loans and Financing Receivable [Line Items]
Issuance of units (in shares)		5,387,194
Promissory Note
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, related parties		$ 30,000
Notes receivable, maturity period		10 years
Notes receivable, interest rate		10.00%
Notes receivable, related parties, outstanding			$ 19,071	$ 32,038

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Income and other taxes payable	$ 5,360	$ 664
Interest payable	2,444	0
Accrued legal expense	2,317	184
Accrued legal expense	1,308	196
Lease liability, short-term	1,050	0
Employee compensation and benefits	813	320
Settlement payable to a former director	641	204
Accrued infrastructure expenses	214	0
Settlement payable of incentive units on 2016 Plan	0	1,060
Other accrued expenses	334	911
Accrued expenses and other current liabilities	15,681	3,539
Accrued bonus payable	$ 1,200	$ 0

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Credit Agreement
Current	$ 22,152	$ 3,840
Non-current	345,328	136,320
Long-term debt, gross	367,480	140,160
Less: unamortized debt issuance costs	(6,852)	(3,041)
Long-term debt, net	$ 360,628	$ 137,119

- Definition

Amount, excluding unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Debt - Narrative (Details) - USD ($)				1 Months Ended	12 Months Ended
Debt - Narrative (Details) - USD ($)	Nov. 14, 2022	Jun. 10, 2022	Jun. 10, 2020	Oct. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 13, 2022	Apr. 24, 2020
Debt Instrument [Line Items]
Debt issuance costs paid					$ 5,092,000	$ 960,000
Long-term debt, net					360,628,000	137,119,000
Gain on Paycheck Protection Program loan forgiveness	$ (11,851,000)				0	1,535,000
Prior Through May 17, 2024
Debt Instrument [Line Items]
Leverage ratio		4.50
Current Through March 31, 2024
Debt Instrument [Line Items]
Leverage ratio		4.75
After May 17, 2024
Debt Instrument [Line Items]
Leverage ratio		4.25
Paycheck Protection Program Loan, CARES Act
Debt Instrument [Line Items]
Long-term debt, net								$ 1,512,000
Gain on Paycheck Protection Program loan forgiveness				$ 1,512,000
Gain on extinguishment of debt, interest				$ 23,000
Line of Credit \| Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 192,000,000
Line of credit drawn		$ 192,000,000,000
Debt issuance costs paid					5,092,000	960,000
Percentage of mandatory repayment of principal amount			0.50%
Mandatory prepayment					0	0
Periodic payment			$ 48,000,000
Premium percentage on principal repayment			10.00%
Premium amount on principal repayment			$ 4,800,000
Debt default additional interest rate			2.00%
Prepayment penalty, year one		2.00%
Prepayment penalty, year two		2.00%
Fair value					$ 394,785,000	142,963,000
Line of Credit \| Credit Agreement \| Interest Expense
Debt Instrument [Line Items]
Accrued premium						$ 1,118,000
Line of Credit \| Credit Agreement \| Index Rate
Debt Instrument [Line Items]
Variable rate			7.00%
Line of Credit \| Credit Agreement \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate			8.00%		11.70%	9.50%
Line of Credit \| Credit Agreement, Second Amdendment
Debt Instrument [Line Items]
Debt issuance costs paid					$ 955,000
Increase in borrowing capacity							$ 60,000,000
Line of Credit \| Supplemental Facility I \| Secured Debt
Debt Instrument [Line Items]
Term loan	140,800,000
Debt issuance costs	3,387,000
Periodic payment	$ 704,000
Interest rate during period	12.50%
Line of Credit \| Supplemental Facility II \| Secured Debt
Debt Instrument [Line Items]
Term loan	$ 30,000,000
Debt issuance costs	750,000
Periodic payment	$ 7,500,000
Interest rate during period	8.70%
Line of Credit \| Supplemental Facility II \| Index Rate
Debt Instrument [Line Items]
Variable rate			3.20%
Line of Credit \| Supplemental Facility II \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Variable rate			4.20%

Debt - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 22,152
2024	22,856
2025	36,225
2026	7,069
2027	279,178
Thereafter	0
Long-term debt, net	$ 367,480	$ 140,160

Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 14, 2022	Jun. 10, 2022	Nov. 23, 2022	Nov. 15, 2022
Dividends Payable [Line Items]
Dividends received		$ 4,040
Repayments of notes payable	$ 13,737	3,789
Repayment of notes payable, interest		3,362
Repayment of notes payable, principal		$ 427
Catapult GP II
Dividends Payable [Line Items]
Repayments of notes payable	12,020
Repayment of notes payable, interest	1,280
Repayment of notes payable, principal	10,740
Promissory Note
Dividends Payable [Line Items]
Promissory note	155,000			$ 155
Promissory Note \| Group Holdings
Dividends Payable [Line Items]
Promissory note	155,000			$ 155
Promissory Note \| San Vicente Entities
Dividends Payable [Line Items]
Promissory note	155,000
Promissory Note \| Second Distribution
Dividends Payable [Line Items]
Promissory note	$ 155,000
Interest rate	4.03%
Period after issuance, interest begins to accrue	30 days
Series X Ordinary Units
Dividends Payable [Line Items]
Dividends declared (in dollars per share)		$ 0.75
Dividends payable		$ 83,313	$ 283,801
Series X Ordinary Units \| Legacy Grindr
Dividends Payable [Line Items]
Dividends payable	$ 283,801
Distribution (in dollars per share)	$ 2.55

Commitment and Contingencies - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 1,652
Variable lease cost	0
Short-term lease cost	0
Sublease income	(738)	$ (656)
Total lease cost	$ 914

Commitment and Contingencies - Schedule of Supplement Cash Flow Information Related to Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 1,373

Commitment and Contingencies - Schedule of Supplement Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jan. 01, 2022	Dec. 31, 2021
Assets:
Right of use assets	$ 4,535	$ 5,585	$ 0
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities
Liabilities:
Lease liability, short-term	$ 1,050		0
Lease liability	3,658		$ 0
Total lease liabilities	$ 4,708	$ 5,646
Weighted average remaining operating lease term (years)	3 years 3 months 18 days
Weighted average operating lease discount rate	11.41%

Commitment and Contingencies - Future Minimum Lease Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jan. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
2023	$ 1,529
2024	1,746
2025	1,799
2026	605
2027	0
Thereafter	0
Total lease payments	5,679
Less: imputed interest	(971)
Total lease liabilities	$ 4,708	$ 5,646

Commitment and Contingencies - Schedule of Future Minimum Lease Payment (Under ASU 840) (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 1,508
2023	1,696
2024	1,746
2025	1,799
Thereafter	605
Future minimum payments due	$ 7,354

Commitment and Contingencies - Narrative (Details) kr in Thousands, $ in Thousands			1 Months Ended						12 Months Ended
	Oct. 15, 2022 USD ($)	Oct. 11, 2021 complaint	Dec. 31, 2021 USD ($)	Dec. 31, 2021 NOK (kr)	Jan. 31, 2021 USD ($)	Jan. 31, 2021 NOK (kr)	Nov. 30, 2020 USD ($)	Nov. 30, 2018 USD ($)	Dec. 31, 2022 USD ($) lease	Dec. 31, 2021 USD ($)	Nov. 14, 2022 USD ($)	Jan. 31, 2020 complaint
Other Commitments [Line Items]
Operating leases expense										$ 1,209
Sublessor, number of leases \| lease									1
Sublease income									$ 738	656
Purchase commitment								$ 3,100
Purchases made									8,238	$ 4,809
Annual bonus target	$ 1,200
Accrued bonuses									$ 1,200
Escrow											$ 6,500
Number of additional complaints filed \| complaint		2
Litigation settlement expense							$ 11
Datatilsynet
Other Commitments [Line Items]
Number of complaints filed \| complaint												3
Amount of administrative fine imposed					$ 10,217	kr 100
Reduced to administrative fine imposed			$ 6,642	kr 65

Commitment and Contingencies - Schedule of Future Non-Cancelable Rent Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023	$ 631
Thereafter	0
Payments to be received	$ 631

Employee Benefit Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefit Plan (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Defined Contribution Plan, Cost	$ 1,314	$ 967
Defined Contribution Plan, Tax Status [Extensible Enumeration]	Qualified Plan [Member]

Warrants (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Nov. 18, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Nov. 24, 2020
Class of Warrant or Right [Line Items]
Warrants	37,360,000
Warrant liability	$ 39,228	$ 17,933	$ 17,933	$ 0
Fair value change in warrant liability		$ 21,295	(21,295)	$ 0
Equal or Exceeds $18.00 (in USD per share)
Class of Warrant or Right [Line Items]
Stock trigger price	$ 18.00
Redemption price per warrant	$ 0.01
Warrant, written notification period	30 days
Equal or Exceeds $10.00 (in USD per share)
Class of Warrant or Right [Line Items]
Stock trigger price	$ 10.00
Redemption price per warrant	$ 0.10
Warrant, written notification period	30 days
Private Warrants
Class of Warrant or Right [Line Items]
Warrants	18,560,000
Warrant exercise price (in USD per share)	$ 11.50
Warrants, exercisable period	30 days
Warrants, term	5 years
Number of securities called by each warrant	1
Fair value change in warrant liability			(10,579)
Public Warrants
Class of Warrant or Right [Line Items]
Warrants	13,800,000
Warrant exercise price (in USD per share)	$ 11.50
Warrants, exercisable period	30 days
Warrants, term	5 years
Fair value change in warrant liability			$ (10,716)
Forward Purchase Warrant
Class of Warrant or Right [Line Items]
Warrants	2,500,000
Backstop Warrants
Class of Warrant or Right [Line Items]
Warrants	2,500,000
Tiga \| Public Warrants
Class of Warrant or Right [Line Items]
Warrants					13,800,000
Tiga \| Sponsor \| Private Warrants
Class of Warrant or Right [Line Items]
Warrants					18,560,000

Stockholders' Equity - Number of Authorized Shares (Details) - shares	Dec. 31, 2022	Nov. 18, 2022	Dec. 31, 2021
Equity [Abstract]
Preferred stock, authorized (in shares)	100,000,000		100,000,000
Preferred stock, issued (in shares)	0		0
Preferred stock, outstanding (in shares)	0		0
Common stock, shares authorized (in shares)	1,000,000,000		1,000,000,000
Common stock, shares issued (in shares)	173,524,360		155,541,074
Common stock, shares outstanding (in shares)	173,524,360	173,524,403	155,541,074
Shares outstanding (in shares)	173,524,360		155,541,074
Shares issued (in shares)	173,524,360		155,541,074
Shares authorized (in shares)	1,100,000,000

Stockholders' Equity - Narrative (Details)	12 Months Ended
Stockholders' Equity - Narrative (Details)	Dec. 31, 2022 segment
Equity [Abstract]
Common stockholders, voting rights	1

Stock-based Compensation - Narrative (Details)					1 Months Ended		12 Months Ended
Stock-based Compensation - Narrative (Details)	Nov. 18, 2022 shares	May 09, 2022 USD ($) $ / shares	Jun. 11, 2020 shares	Jun. 10, 2020 target shares	Dec. 31, 2022 USD ($) shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) vestingInstallment shares	Dec. 31, 2021 USD ($) $ / shares shares	Aug. 13, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation expense							$ 28,586,000	$ 2,485,000
Capitalized compensation expense							151,000	117,000
Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares converted to common stock (in shares) \| shares	6,497,593
Director \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares cancelled (in shares) \| shares			500,000
Deferred compensation, liability, current					$ 641,000		641,000	204,000
Deferred compensation, liability, noncurrent					0		0	361,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					$ 44,695,000		$ 44,695,000
Weighted-average recognition period for unrecognized compensation cost							4 years 8 months 8 days
Granted (in shares) \| shares							4,555,256
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in shares) \| shares					3,750,000		3,750,000
Vesting period							5 years
Number of vesting installments \| vestingInstallment							8
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Six
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Seven
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Eight
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Executive Officer \| Share-Based Payment Arrangement, Tranche Nine
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period							6 months
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding (in shares) \| shares					486,000		486,000
Vesting period							5 years
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer \| Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer \| Share-Based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Chief Financial Officer \| Share-Based Payment Arrangement, Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							20.00%
Restricted Stock Units, Time-Based Awards \| Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting installments \| vestingInstallment							2
Restricted Stock Units, Time-Based Awards \| Director \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							50.00%
Restricted Stock Units, Time-Based Awards \| Director \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							50.00%
Restricted Stock Units, Time-Based Awards \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining vesting period \| vestingInstallment							12
Restricted Stock Units, Time-Based Awards \| Employee \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							25.00%
Restricted Stock Units, Market Condition Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense					$ 3,971,000		$ 3,971,000
Weighted-average recognition period for unrecognized compensation cost							5 years 2 months 19 days
Aggregate intrinsic value, outstanding					$ 4,129,000		$ 4,129,000
Restricted Stock Units, Market Condition Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Achievement period							90 days
Restricted Stock Units, Market Condition Awards \| Chief Financial Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Achievement period							90 days
P Units \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation expense							$ 25,076,000	$ 1,333,000
P Units \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares) \| shares				5,065,855
Number of performance based vesting targets \| target				4
Granted (in shares) \| shares								1,013,171
EBITDA target percentage for catch-up vesting, prior years				125.00%
EBITDA target percentage for catch-up vesting, current year				100.00%
Fair value per common stock (in USD per share) \| $ / shares								$ 3.55
P Units \| Share-Based Payment Arrangement, Tranche One \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting		40.00%		20.00%
Unit-based compensation expense							$ 2,285,000
Fair value modification		$ 0
P Units \| Share-Based Payment Arrangement, Tranche Two \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting		20.00%		20.00%
Fair value per common stock (in USD per share) \| $ / shares		$ 7.32
Fair value modification		$ 22,249,000
P Units \| Share-Based Payment Arrangement, Tranche Three \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting		20.00%		30.00%
P Units \| Share-Based Payment Arrangement, Tranche Four \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting				30.00%
2022 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares									13,764,400
2020 Equity Incentive Plan \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares									6,522,685
Shares available for grant (in shares) \| shares					0		0	2,780,223
Intrinsic value							$ 2,670,000	$ 417,000
Unrecognized compensation expense					$ 9,540,000		$ 9,540,000
2020 Equity Incentive Plan \| Stock options \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average recognition period for unrecognized compensation cost							2 years 8 months 1 day
Remaining vesting period \| vestingInstallment							12
Expiration period							7 years
Unit-based compensation expense							$ 2,191,000	1,269,000
2020 Equity Incentive Plan \| Stock options \| Share-Based Payment Arrangement, Tranche One \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting							25.00%
2016 Plan \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit-based compensation expense					2,349,000	$ 1,137,000
Share-based compensation, interest							$ 158,000
Deferred compensation liability					$ 1,060,000		$ 1,060,000	$ 1,875,000

Stock-based Compensation - Summary of Restricted Stock Units (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Number of Shares
Beginning balance (in shares) \| shares	0
Granted (in shares) \| shares	4,555,256
Ending balance (in shares) \| shares	4,555,256
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) \| $ / shares
Granted (in USD per share) \| $ / shares	10.10
Ending balance (in USD per share) \| $ / shares	$ 10.10

Stock-based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 18, 2022
Number of Options
Exercisable (in shares)				5,100,637
2020 Equity Incentive Plan \| Legacy Grindr
Number of Options
Outstanding, beginning balance (in shares)	4,829,372	3,542,064
Granted (in shares)	1,767,002	1,987,623
Exercised (in shares)	(598,053)	(421,771)
Forfeited (in shares)	(1,292,556)	(278,544)
Outstanding, ending balance (in shares)	4,705,765	4,829,372	3,542,064
Exercisable (in shares)	1,083,987	716,441
Weighted Average Exercise Price
Outstanding, beginning balance (in USD per share)	$ 3.55	$ 3.21
Granted (in USD per share)	7.70	4.03
Exercised (in USD per share)	3.38	3.21
Forfeited (in USD per share)	3.45	3.26
Outstanding, ending balance (in USD per share)	5.15	3.55	$ 3.21
Exercisable	$ 3.52	$ 3.22
Weighted Average Remaining Contractual Life (Years)
Outstanding	5 years 8 months 12 days	6 years 1 month 6 days	6 years 7 months 6 days
Exercisable	5 years	5 years 8 months 12 days
Aggregate Intrinsic Value (in thousands)
Outstanding	$ 2,967	$ 3,159	$ 680
Exercisable	$ 1,225	$ 699
2020 Equity Incentive Plan \| Previously Reported \| Legacy Grindr
Number of Options
Outstanding, beginning balance (in shares)		2,524,205
Outstanding, ending balance (in shares)			2,524,205
Weighted Average Exercise Price
Outstanding, beginning balance (in USD per share)		$ 4.50
Outstanding, ending balance (in USD per share)			$ 4.50
Weighted Average Remaining Contractual Life (Years)
Outstanding			6 years 7 months 6 days
Aggregate Intrinsic Value (in thousands)
Outstanding			$ 680
2020 Equity Incentive Plan \| Retroactive application of recapitalization \| Legacy Grindr
Number of Options
Outstanding, beginning balance (in shares)		1,017,859
Outstanding, ending balance (in shares)			1,017,859

Stock-based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unit-based compensation expense	$ 28,586	$ 2,485
Selling, general and administrative expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unit-based compensation expense	27,665	2,217
Product development expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total unit-based compensation expense	$ 921	$ 268

Stock-based Compensation - Summary of Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Stock options \| 2020 Equity Incentive Plan \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%
Weighted average grant date fair value per unit options granted (in USD per share)		$ 2.51
Stock options \| 2020 Equity Incentive Plan \| Minimum \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	4 years 6 months 25 days	4 years 6 months 18 days
Volatility	56.39%	48.20%
Risk-free interest rate	1.37%	0.32%
Weighted average grant date fair value per unit options granted (in USD per share)	$ 2.75
Fair value per common stock (in USD per share)	$ 4.20	$ 4.20
Stock options \| 2020 Equity Incentive Plan \| Maximum \| Legacy Grindr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	4 years 7 months 9 days	4 years 7 months 9 days
Volatility	61.97%	56.46%
Risk-free interest rate	4.24%	0.98%
Weighted average grant date fair value per unit options granted (in USD per share)	$ 6.37
Fair value per common stock (in USD per share)	$ 8.36	$ 3.21
P Units \| San Vincente Equity Joint Venture LLC \| Catapult Goliath
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)		3 years
Volatility		70.00%
Risk-free interest rate		0.40%
Dividend yield		0.00%
Weighted average grant date fair value per unit options granted (in USD per share)		$ 2.42
Fair value per common stock (in USD per share)		$ 3.55

Fair Value Measurements - Schedule of Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Assets measured at fair value	$ 4,085	$ 9,648
Liabilities:
Executive Market Condition Awards	4,129	0
Common stock warrant liabilities	17,933	0
Liabilities measured at fair value	22,062	0
Money market funds
Assets:
Assets measured at fair value	4,085	9,648
Level 1
Assets:
Assets measured at fair value	4,085	9,648
Liabilities:
Executive Market Condition Awards	0	0
Common stock warrant liabilities	9,024	0
Liabilities measured at fair value	9,024	0
Level 1 \| Money market funds
Assets:
Assets measured at fair value	4,085	9,648
Level 2
Assets:
Assets measured at fair value		0
Liabilities:
Executive Market Condition Awards	0	0
Common stock warrant liabilities	8,909	0
Liabilities measured at fair value	8,909	0
Level 2 \| Money market funds
Assets:
Assets measured at fair value	0	0
Level 3
Assets:
Assets measured at fair value		0
Liabilities:
Executive Market Condition Awards	4,129	0
Common stock warrant liabilities	0	0
Liabilities measured at fair value	4,129	0
Level 3 \| Money market funds
Assets:
Assets measured at fair value	$ 0	$ 0

Fair Value Measurements - Key Inputs Used In Fair Value Measurement of Performance-Based Awards (Details) - Restricted Stock Units, Market Condition Awards	12 Months Ended
	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected term (in years)	9 years 10 months 24 days
Volatility	65.00%
Risk-free interest rate	3.80%
Dividend yield	0.00%

Fair Value Measurements - Schedule of Warrant Liability (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Nov. 18, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Warrant Liability [Roll Forward]
Common stock warrant liabilities		$ 17,933	$ 17,933	$ 0
Assumption of Warrants upon Closing	$ 39,228		39,228
Fair value change in warrant liability		21,295	(21,295)	0
Public Warrants
Fair Value, Warrant Liability [Roll Forward]
Common stock warrant liabilities		9,024	9,024	0
Assumption of Warrants upon Closing			19,740
Fair value change in warrant liability			(10,716)
Private Warrants
Fair Value, Warrant Liability [Roll Forward]
Common stock warrant liabilities		$ 8,909	8,909	$ 0
Assumption of Warrants upon Closing			19,488
Fair value change in warrant liability			$ (10,579)

Net Income Per Share - Computations of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income	$ 852	$ 5,064
Comprehensive income	$ 852	$ 5,064
Denominator:
Weighted-average common shares outstanding - basic (in shares)	157,882,535	152,811,130
Weighted-average common shares outstanding - diluted (in shares)	159,166,872	152,867,466
Net income per share:
Basic (in USD per share)	$ 0.01	$ 0.03
Diluted (in USD per share)	$ 0.01	$ 0.03
Stock options
Denominator:
Stock options issued under 2020 Plan (in shares)	1,267,239	56,336
Restricted Stock Units, Time-Based Awards
Denominator:
Stock options issued under 2020 Plan (in shares)	17,098	0

Net Income Per Share - Shares Excluded from Computation of Diluted Net (Loss) and Comprehensive Income (Loss) per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Stock options issued under 2020 Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,594,021	1,761,810
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	4,383,256	0
Public and Private Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	37,360,000	0

Related Party Disclosures (Details) $ in Thousands	12 Months Ended
Related Party Disclosures (Details) $ in Thousands	Dec. 31, 2022 USD ($) individual	Dec. 31, 2021 USD ($) individual
Related Party Transactions [Abstract]
Advisor fees and out-of-pocket expenses \| $	$ 792	$ 913
Number of individuals \| individual	2	2

Subsequent Events (Details) - Subsequent Event - USD ($) $ in Thousands	1 Months Ended
	Mar. 17, 2023	Feb. 28, 2023	Jan. 31, 2023	Jan. 12, 2023
Subsequent Event [Line Items]
Proceeds from collection of note	$ 11,921	$ 7,000	$ 450
Interest income from collection of note	48	149	341
Principal collection from note	$ 11,873	$ 6,851	$ 109
Purchase commitment				$ 8,500