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Grindr (Grindr) Intangible Assets : $363.1 Mil (As of Mar. 2024)


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What is Grindr Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Grindr's intangible assets for the quarter that ended in Mar. 2024 was $363.1 Mil.


Grindr Intangible Assets Historical Data

The historical data trend for Grindr's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grindr Intangible Assets Chart

Grindr Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
- 440.91 401.96 387.63 365.47

Grindr Quarterly Data
Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 381.39 374.46 369.97 365.47 363.05

Grindr Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.


Grindr  (NYSE:GRND) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.


Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.


Grindr Intangible Assets Related Terms

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Grindr (Grindr) Business Description

Traded in Other Exchanges
N/A
Address
750 N. San Vincente Boulevard, Suite RE 1400, PO Box 69176750, West Hollywood, CA, USA, 90069
Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.
Executives
George Arison director, officer: Chief Executive Officer 3727 LA DONNA AVENUE, PALO ALTO CA 94306
Zage George Raymond Iii director, 10 percent owner C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Kye Chen officer: Chief Accounting Officer C/O GRINDR INC., 750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD CA 90069
Carman Wong other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Maggie Lower director 5822 NORTH WINTHROP AVENUE, CHICAGO IL 60660
Gary I. Horowitz director 350 WEST 23RD STREET, APT 6A, NEW YORK NY 10011
Daniel Brooks Baer director 1443 Q STREET NW, WASHINGTON DC 20009
Meghan Stabler director 4502 HARVEY PENICK DR, ROUND ROCK TX 78664
Austin J Balance officer: Chief Product Officer 750 N SAN VICENTE BLVD STE RE1400, WEST HOLLYWOOD CA 90069
Lu James Fu Bin director, 10 percent owner C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Ashish Gupta other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Gearon J Michael Jr director, 10 percent owner 3350 RIVERWOOD PARKWAY, SUITE 425, ATLANTA GA 30339
Ben Falloon other: Former Director of Grindr Inc. C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Vandana Mehta-krantz officer: Chief Financial Officer SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
David Christopher Ryan other: Former Director of Grindr Inc. C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401