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WM TECHNOLOGY INC A (MAPS) Financials

MAPS
Trailing 12 months to June 30, 2026
Revenue $171.2M -6.8% YoY
Net Income $2.1M -76.2% YoY
Free Cash Flow $2.9M -87.0% YoY
Operating Cash Flow $16.4M -50.9% YoY
Market Cap $56.6M as of Oct 9, 2026
Price / Sales 0.3x on $171.2M revenue, trailing 12 months to June 30, 2026
Price / Earnings 27.2x on $2.1M net income, trailing 12 months to June 30, 2026
Price / Book 0.9x on $62.8M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MAPS SEC filings page.

WM TECHNOLOGY INC A (MAPS) reported $171.2M in revenue over the twelve months to Jun 30, 2026, down 6.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MAPS FY2025

WM Technology runs a high-gross-margin model, but FY2025 shows fixed operating costs can quickly absorb that advantage.

In FY2025, revenue contracted while gross margin remained essentially unchanged, indicating volume—not unit economics—was the first pressure point. At the same time, higher SG&A pushed operating margin from 8.0% in FY2024 to 0.4% in FY2025, so the cost base is not yet flexing with demand.

FY2025 operating cash flow was $26.2M against net income of $2.0M, a gap that suggests non-cash charges and working-capital movements materially supported cash generation. After $12.7M of capital spending, free cash flow was $13.5M, so cash conversion remained positive but reinvestment consumed nearly half of operating cash.

The balance sheet strengthened from FY2024 to FY2025: debt-to-equity fell from 4.0x to 2.3x, indicating liabilities became less heavy relative to equity. Total liabilities declined while equity increased, which points to balance-sheet repair rather than growth funded primarily through new obligations.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating WM TECHNOLOGY INC A's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress
1.09

WM TECHNOLOGY INC A scores 1.09, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
4/7

WM TECHNOLOGY INC A passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
13.35x

For every $1 of reported earnings, WM TECHNOLOGY INC A generates $13.35 in operating cash flow ($26.2M OCF vs $2.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$42.4M
YoY-5.4%
QoQ-2.6%
5Y CAGR-2.0%

WM TECHNOLOGY INC A generated $42.4M in revenue in Q2 2026. This represents a decrease of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 2.6%.

EBITDA
$5.6M
YoY+4.3%
QoQ+70.4%

WM TECHNOLOGY INC A's EBITDA was $5.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is up 70.4%.

Net Income
$2.0M
YoY+41.8%
QoQ+72.8%
5Y CAGR-13.8%

WM TECHNOLOGY INC A reported $2.0M in net income in Q2 2026. This represents an increase of 41.8% from the same quarter a year earlier. Against the prior quarter it is up 72.8%.

EPS (Diluted)
$0.02
YoY+100.0%
QoQ+100.0%

WM TECHNOLOGY INC A earned $0.02 per diluted share (EPS) in Q2 2026. This represents an increase of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

Cash & Balance Sheet

Free Cash Flow
$3.5M
YoY-57.8%
QoQ+190.7%
5Y CAGR-8.5%

WM TECHNOLOGY INC A generated $3.5M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 57.8% from the same quarter a year earlier. Against the prior quarter it is up 190.7%.

Cash & Debt
$60.5M
YoY+2.6%
QoQ+32.9%
5Y CAGR-8.0%

WM TECHNOLOGY INC A held $60.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
Diluted avg 112M

WM TECHNOLOGY INC A had a weighted average of 112M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
94.0%
YoY-0.9pp
QoQ-0.9pp
5Y change-1.9pp

WM TECHNOLOGY INC A's gross margin was 94.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Operating Margin
5.5%
YoY+1.4pp
QoQ+5.1pp
5Y change+38.1pp

WM TECHNOLOGY INC A's operating margin was 5.5% in Q2 2026, reflecting core business profitability. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.1 percentage points.

Net Margin
4.8%
YoY+1.6pp
QoQ+2.1pp
5Y change-4.3pp

WM TECHNOLOGY INC A's net profit margin was 4.8% in Q2 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.

Return on Equity
3.2%
YoY+0.5pp
QoQ+1.3pp

WM TECHNOLOGY INC A's ROE was 3.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Capital Allocation

R&D Spending
$8.7M
YoY-2.3%
QoQ-0.9%
5Y CAGR-3.4%

WM TECHNOLOGY INC A invested $8.7M in research and development in Q2 2026. This represents a decrease of 2.3% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Capital Expenditures
$4.7M
YoY+66.7%
QoQ+86.9%
5Y CAGR+53.7%

WM TECHNOLOGY INC A invested $4.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is up 86.9%.

Share Buybacks

Not reported for Q2 2026.

MAPS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAPS quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$42.4M-5.4%$43.6M-2.4%$43.1M-9.7%$42.2M-9.4%$44.8M-2.3%$44.6M+0.5%$47.7M+2.6%$46.6M-0.3%
Cost of Revenue$2.5M+10.7%$2.2M-1.7%$2.2M-4.2%$2.1M-2.9%$2.3M+1.6%$2.2M-2.6%$2.3M-17.6%$2.2M-27.6%
Gross Profit$39.9M-6.2%$41.4M-2.4%$40.9M-9.9%$40.1M-9.7%$42.6M-2.5%$42.4M+0.7%$45.4M+3.9%$44.4M+1.6%
R&D Expenses$8.7M-2.3%$8.7M-10.2%$3.1M-61.0%$6.4M-32.4%$8.9M-8.1%$9.7M+5.3%$8.1M-0.6%$9.5M+22.4%
SG&A Expenses$16.3M-14.4%$19.1M+14.4%$23.4M+22.9%$17.8M+8.2%$19.0M+2.6%$16.7M+0.8%$19.1M+3.1%$16.5M-9.1%
Operating Income$2.4M+25.8%$199K-92.5%-$5.7M-225.0%$2.0M-62.4%$1.9M+51.8%$2.6M-29.6%$4.6M+136.4%$5.2M+193.8%
EBITDA$5.6M+4.3%$3.3M-45.4%-$2.2M-126.3%$5.0M-42.4%$5.3M+20.6%$6.0M-10.9%$8.2M+183.5%$8.7M+505.1%
Income Tax$1K$32K+255.6%$71K+373.1%$13K-38.1%$0-100.0%$9K0.0%-$26K-128.0%$21K
Net Income$2.0M+41.8%$1.2M-28.9%-$3.6M-251.9%$2.5M-26.2%$1.4M+99.3%$1.6M+32.8%$2.4M+133.1%$3.3M+316.6%
EPS (Basic)$0.02+100.0%$0.01-50.0%N/AN/A$0.01$0.02+100.0%N/AN/A
EPS (Diluted)$0.02+100.0%$0.01-50.0%N/AN/A$0.01$0.02N/AN/A
Diluted Shares (Avg)112M+3.3%111M+3.6%N/AN/A108M107MN/AN/A

Not reported in any period shown, so not listed: Interest Expense.

MAPS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAPS quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$190.6M+1.3%$186.4M+1.4%$190.7M+4.8%$192.9M+11.1%$188.1M+12.0%$183.8M+10.8%$181.9M+8.9%$173.6M-2.9%
Current Assets$85.2M+10.0%$80.5M+11.8%$84.9M+22.2%$81.6M+37.4%$77.4M+43.8%$72.0M+43.3%$69.5M+35.0%$59.4M+26.5%
Cash & Equivalents$60.5M+2.6%$45.5M-14.6%$62.4M+20.1%$62.6M+39.0%$59.0M+42.8%$53.3M+49.2%$52.0M+51.3%$45.0M+62.5%
Short-Term Investments$0$11.5M$0$0$0$0$0$0
Accounts Receivable$18.8M+61.9%$16.9M+57.9%$14.6M+45.3%$10.7M+35.4%$11.6M+65.7%$10.7M+35.3%$10.1M-9.8%$7.9M-35.8%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$61.3M-10.4%$61.3M-10.4%$61.3M-10.4%$68.4M0.0%$68.4M0.0%$68.4M0.0%$68.4M0.0%$68.4M0.0%
Total Liabilities$127.8M-5.6%$126.7M-6.4%$133.5M-8.4%$136.0M-5.6%$135.3M-5.7%$135.4M-6.7%$145.8M-3.2%$144.0M-9.3%
Current Liabilities$31.3M-2.8%$30.0M-6.7%$36.2M+19.1%$32.1M+15.5%$32.2M+6.2%$32.2M+7.2%$30.4M-9.7%$27.8M-10.6%
Non-Current Liabilities$96.4M-6.5%$96.7M-6.3%$97.3M-15.7%$103.9M-10.6%$103.1M-8.9%$103.2M-10.3%$115.4M-1.3%$116.2M-8.9%
Total Equity$62.8M+19.1%$59.7M+23.2%$57.2M+58.5%$56.9M+92.6%$52.7M+115.6%$48.5M+133.1%$36.1M+120.3%$29.5M+48.1%
Retained Earnings-$51.7M+3.9%-$53.7M+2.7%-$54.9M+3.4%-$51.3M+13.3%-$53.8M+14.0%-$55.2M+12.7%-$56.9M+11.8%-$59.2M-3.2%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

MAPS Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAPS quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$8.2M-25.8%-$1.3M-122.8%$3.0M-67.6%$6.4M-11.1%$11.1M-12.6%$5.7M-23.5%$9.4M-10.6%$7.2M-13.2%
Depreciation & Amortization$3.2M-7.4%$3.1M-7.9%$3.5M-2.5%$3.1M-12.8%$3.5M+8.5%$3.3M+13.1%$3.6M+33.9%$3.5M+3.6%
Stock-Based Compensation$1.2M-54.0%$1.3M-40.0%N/A$1.6M-3.1%$2.6M-4.7%$2.2M-22.2%N/A$1.6M-30.3%
Capital Expenditures$4.7M+66.7%$2.5M-30.5%$3.3M+55.6%$2.9M+21.5%$2.8M+9.3%$3.6M-19.6%$2.1M-28.8%$2.4M-23.0%
Free Cash Flow$3.5M-57.8%-$3.8M-289.9%-$280K-103.9%$3.6M-27.0%$8.2M-18.2%$2.0M-29.6%$7.3M-3.4%$4.9M-7.5%
Investing Cash Flow$6.9M+341.6%-$13.0M-256.8%-$3.3M-55.6%-$2.9M-21.5%-$2.8M-9.3%-$3.6M+19.6%-$2.1M+28.8%-$2.4M+23.0%
Financing Cash Flow-$95K+96.3%-$2.6M-264.5%$90K+126.5%$89K+108.0%-$2.5M+43.2%-$705K+52.8%-$340K+61.7%-$1.1M+48.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

MAPS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAPS quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin94.0%-0.9pp94.9%0.0pp94.9%-0.3pp95.0%-0.3pp94.9%-0.2pp95.0%+0.2pp95.2%+1.2pp95.3%+1.8pp
Operating Margin5.5%+1.4pp0.5%-5.5pp-13.3%-22.8pp4.6%-6.5pp4.2%+1.5pp5.9%-2.5pp9.6%+36.6pp11.2%+23.1pp
Net Margin4.8%+1.6pp2.7%-1.0pp-8.3%-13.2pp5.8%-1.3pp3.2%+1.6pp3.7%+0.9pp4.9%+20.2pp7.2%+10.4pp
Return on Equity3.2%+0.5pp2.0%-1.4pp-6.2%-12.8pp4.3%-7.0pp2.7%-0.2pp3.4%-2.6pp6.5%+49.9pp11.3%+19.0pp
Return on Assets1.1%+0.3pp0.6%-0.3pp-1.9%-3.2pp1.3%-0.6pp0.8%+0.3pp0.9%+0.1pp1.3%+5.5pp1.9%+2.8pp
Current Ratio2.72+0.3x2.68+0.4x2.34+0.1x2.54+0.4x2.40+0.6x2.24+0.6x2.28+0.8x2.14+0.6x
Debt-to-Equity2.03-0.5x2.12-0.7x2.33-1.7x2.39-2.5x2.57-3.3x2.79-4.2x4.04-5.2x4.87-3.1x
Asset Turnover0.220.0x0.230.0x0.230.0x0.220.0x0.240.0x0.240.0x0.260.0x0.270.0x
FCF Margin8.2%-10.2pp-8.8%-13.3pp-0.7%-15.9pp8.4%-2.0pp18.3%-3.6pp4.5%-1.9pp15.2%-0.9pp10.4%-0.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
WM TECHNOLOGY INC A MAPS FY2025 $174.7M $2.0M 1.1% $56.6M —
Asure Software, Inc ASUR FY2025 $140.5M -$13.1M -9.3% $212.3M 42/100
eGain Corporation EGAN FY2026 $91.1M $8.9M 9.7% $139.0M 52/100
ON24, Inc. ONTF FY2025 $139.3M -$28.9M -20.7% $348.2M 67/100
Immersion Corp IMMR FY2026 $1.7B $4.5M 0.3% $237.1M 76/100
CoreCard Corporation CCRD FY2024 $57.4M $5.4M 9.5% $183.9M 63/100

Frequently Asked Questions

What is WM TECHNOLOGY INC A's annual revenue?

WM TECHNOLOGY INC A (MAPS) reported $174.7M in total revenue for fiscal year 2025. This represents a -5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is WM TECHNOLOGY INC A's revenue growing?

WM TECHNOLOGY INC A (MAPS) revenue declined by 5.3% year-over-year, from $184.5M to $174.7M in fiscal year 2025.

Is WM TECHNOLOGY INC A profitable?

Yes, WM TECHNOLOGY INC A (MAPS) reported a net income of $2.0M in fiscal year 2025, with a net profit margin of 1.1%.

WM TECHNOLOGY INC A (MAPS) had EBITDA of $14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

WM TECHNOLOGY INC A (MAPS) had a gross margin of 94.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

WM TECHNOLOGY INC A (MAPS) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

WM TECHNOLOGY INC A (MAPS) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

WM TECHNOLOGY INC A (MAPS) has a return on equity of 3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

WM TECHNOLOGY INC A (MAPS) generated $13.5M in free cash flow during fiscal year 2025. This represents a -46.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

WM TECHNOLOGY INC A (MAPS) generated $26.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

WM TECHNOLOGY INC A (MAPS) had $190.7M in total assets as of fiscal year 2025, including both current and long-term assets.

WM TECHNOLOGY INC A (MAPS) invested $12.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

WM TECHNOLOGY INC A (MAPS) invested $28.1M in research and development during fiscal year 2025.

WM TECHNOLOGY INC A (MAPS) had a current ratio of 2.34 as of fiscal year 2025, which is generally considered healthy.

WM TECHNOLOGY INC A (MAPS) had a debt-to-equity ratio of 2.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

WM TECHNOLOGY INC A (MAPS) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

WM TECHNOLOGY INC A (MAPS) trades at 27.2x earnings, its market capitalization divided by net income of $2.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $56.6M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

WM TECHNOLOGY INC A (MAPS) trades at 0.3x sales, its market capitalization divided by revenue of $171.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $56.6M as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

WM TECHNOLOGY INC A (MAPS) has an Altman Z-Score of 1.09, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

WM TECHNOLOGY INC A (MAPS) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

WM TECHNOLOGY INC A (MAPS) has an earnings quality ratio of 13.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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