Grindr Inc. Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| Numerator: | |||||||||||
| Net loss and comprehensive loss | $ | (131,001) | $ | (55,768) | |||||||
| Denominator: | |||||||||||
Weighted-average common shares outstanding - basic and diluted | 175,880,320 | 174,170,517 | |||||||||
| Net loss per share | |||||||||||
Basic | $ | (0.74) | $ | (0.32) | |||||||
Diluted | $ | (0.74) | $ | (0.32) | |||||||
| Year Ended December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| Stock options issued under 2020 Plan | 705,116 | 1,768,627 | |||||||||
| Time-based RSUs | 6,110,486 | 5,947,487 | |||||||||
KPI Awards | 270,579 | 295,964 | |||||||||
| Public and Private Warrants | 37,359,825 | 37,360,000 | |||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.