Wm Technology Inc Financials

MAPS

FY2025 annual

Revenue $174.7M -5.3% YoY

Net Income $2.0M -74.3% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow $13.5M -46.1% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Wm Technology Inc (MAPS) reported $174.7M in revenue for fiscal year 2025, down 5.3% from the prior fiscal year. 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 2026-05-11

WM Technology’s very high gross margins leave overhead discipline, not delivery cost, as the main profit driver.

From FY2023 to FY2025, operating cash flow stayed positive between $22.9M and $36.7M even while reported earnings moved from loss to slim profit. That gap widened again in FY2025, when operating margin was only 0.4% but cash from operations still equaled 15.0% of revenue, implying the cash engine is steadier than the income statement headline.

Gross margin near 95.0% says the service is inexpensive to deliver; the real economic question is whether selling, admin, and product spending consume that advantage. In FY2025, revenue slipped to $174.7M and profit barely stayed positive, showing a thin operating cushion where overhead discipline matters more than unit economics and small cost changes can erase most of the year’s earnings.

Balance-sheet pressure has eased over the last two years: cash climbed to $62.4M and debt-to-equity fell to 2.3x by FY2025. Free cash flow still finished positive at $13.5M; capex is not crushing, but it consumed roughly half of operating cash, so cash generation is healthy rather than effortless.

Financial Health Signals

Financial health score pending refresh

We are recalculating Wm Technology Inc'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

1.15

Wm Technology Inc scores 1.15, 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 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 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

$174.7M

YoY-5.3%

5Y CAGR+1.5%

Wm Technology Inc generated $174.7M in revenue in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

EBITDA

$14.2M

YoY-49.5%

5Y CAGR-20.7%

Wm Technology Inc's EBITDA was $14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.5% from the prior year.

Net Income

$2.0M

YoY-74.3%

5Y CAGR-45.0%

Wm Technology Inc reported $2.0M in net income in fiscal year 2025. This represents a decrease of 74.3% from the prior year.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$13.5M

YoY-46.1%

5Y CAGR-18.7%

Wm Technology Inc generated $13.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 46.1% from the prior year.

Cash & Debt

$62.4M

YoY+20.1%

5Y CAGR+25.7%

Wm Technology Inc held $62.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

94.9%

YoY-0.2pp

5Y CAGR-0.3pp

Wm Technology Inc's gross margin was 94.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.

Operating Margin

0.4%

YoY-7.6pp

5Y CAGR-25.0pp

Wm Technology Inc's operating margin was 0.4% in fiscal year 2025, reflecting core business profitability. This is down 7.6 percentage points from the prior year.

Net Margin

1.1%

YoY-3.0pp

5Y CAGR-22.9pp

Wm Technology Inc's net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity

3.4%

YoY-17.7pp

Wm Technology Inc's ROE was 3.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 17.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$28.1M

YoY-22.8%

5Y CAGR+0.7%

Wm Technology Inc invested $28.1M in research and development in fiscal year 2025. This represents a decrease of 22.8% from the prior year.

Capital Expenditures

$12.7M

YoY+9.0%

5Y CAGR+57.4%

Wm Technology Inc invested $12.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.0% from the prior year.

Share Buybacks

Not reported for fiscal year 2025.

MAPS Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MAPS annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$171.2M	$174.7M-5.3%	$184.5M-1.9%	$188.0M-12.8%	$215.5M+11.6%	$193.1M+19.4%	$161.8M+12.2%	$144.2M
Cost of Revenue	$9.0M	$8.8M-2.1%	$9.0M-28.0%	$12.5M-18.7%	$15.4M+94.1%	$7.9M+4.0%	$7.6M+7.9%	$7.1M
Gross Profit	$162.2M	$165.9M-5.5%	$175.5M0.0%	$175.5M-12.3%	$200.1M+8.1%	$185.2M+20.1%	$154.2M+12.4%	$137.2M
R&D Expenses	$26.9M	$28.1M-22.8%	$36.4M+1.2%	$36.0M-28.7%	$50.5M+42.7%	$35.4M+30.4%	$27.1M-8.0%	$29.5M
SG&A Expenses	$76.6M	$76.9M+9.0%	$70.6M-5.0%	$74.3M-38.5%	$120.8M+27.0%	$95.1M+86.0%	$51.1M-9.5%	$56.5M
Operating Income	-$1.2M	$766K-94.8%	$14.8M+180.0%	-$18.5M+73.5%	-$69.6M-751.3%	-$8.2M-119.9%	$41.2M+555.3%	$6.3M
Income Tax	$117K	$93K+102.2%	$46K-50.5%	$93K-99.9%	$179.1M+29896.5%	-$601K	$0-100.0%	$1.3M
Net Income	$2.1M	$2.0M-74.3%	$7.6M+177.2%	-$9.9M+91.5%	-$116.0M-292.1%	$60.4M+55.5%	$38.8M+10454.7%	-$375K

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$42.4M-2.6%	$43.6M+1.1%	$43.1M+2.1%	$42.2M-6.0%	$44.8M+0.5%	$44.6M-6.4%	$47.7M+2.4%	$46.6M
Cost of Revenue	$2.5M+14.5%	$2.2M+0.5%	$2.2M+3.6%	$2.1M-7.1%	$2.3M+1.7%	$2.2M-2.1%	$2.3M+4.9%	$2.2M
Gross Profit	$39.9M-3.5%	$41.4M+1.2%	$40.9M+2.0%	$40.1M-5.9%	$42.6M+0.5%	$42.4M-6.6%	$45.4M+2.3%	$44.4M
R&D Expenses	$8.7M-0.9%	$8.7M+177.8%	$3.1M-51.0%	$6.4M-27.6%	$8.9M-8.8%	$9.7M+20.4%	$8.1M-14.9%	$9.5M
SG&A Expenses	$16.3M-14.6%	$19.1M-18.6%	$23.4M+31.3%	$17.8M-6.1%	$19.0M+14.0%	$16.7M-12.5%	$19.1M+15.5%	$16.5M
Operating Income	$2.4M+1081.9%	$199K+103.5%	-$5.7M-391.4%	$2.0M+4.8%	$1.9M-29.4%	$2.6M-42.1%	$4.6M-12.2%	$5.2M
Income Tax	$1K-96.9%	$32K-54.9%	$71K+446.2%	$13K	$0-100.0%	$9K+134.6%	-$26K-223.8%	$21K
Net Income	$2.0M+72.8%	$1.2M+132.8%	-$3.6M-245.2%	$2.5M+72.4%	$1.4M-13.4%	$1.6M-29.9%	$2.4M-29.4%	$3.3M
EPS (Diluted)	$0.02+100.0%	$0.01	N/A	N/A	$0.01	$0.02	N/A	N/A

Not reported in any period shown, so not listed: Interest Expense, EPS (Diluted).

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

MAPS Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MAPS annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$190.7M+4.8%	$181.9M+8.9%	$167.0M-16.1%	$199.0M-45.5%	$365.1M+577.5%	$53.9M-78.7%	$253.1M
Current Assets	$84.9M+22.2%	$69.5M+35.0%	$51.5M-6.4%	$55.0M-44.4%	$98.9M+189.6%	$34.2M+2866.7%	$1.2M
Cash & Equivalents	$62.4M+20.1%	$52.0M+51.3%	$34.4M+20.2%	$28.6M-57.8%	$67.8M+240.3%	$19.9M+300.9%	$5.0M
Accounts Receivable	$14.6M+45.3%	$10.1M-9.8%	$11.2M-36.0%	$17.4M-0.6%	$17.6M+86.1%	$9.4M	N/A
Goodwill	$61.3M-10.4%	$68.4M0.0%	$68.4M0.0%	$68.4M+50.9%	$45.3M+1043.5%	$4.0M	N/A
Total Liabilities	$133.5M-8.4%	$145.8M-3.2%	$150.6M-18.9%	$185.7M-20.4%	$233.2M+332.7%	$53.9M-78.3%	$248.1M
Current Liabilities	$36.2M+19.1%	$30.4M-9.7%	$33.7M-27.2%	$46.3M+22.5%	$37.8M+62.6%	$23.2M	N/A
Total Equity	$57.2M+58.5%	$36.1M+120.3%	$16.4M+22.4%	$13.4M-78.9%	$63.6M	$0-100.0%	$5.0M
Retained Earnings	-$54.9M+3.4%	-$56.9M+11.8%	-$64.5M-18.1%	-$54.6M-189.0%	$61.4M	$0-100.0%	$5.0M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$190.6M+2.2%	$186.4M-2.2%	$190.7M-1.2%	$192.9M+2.6%	$188.1M+2.3%	$183.8M+1.1%	$181.9M+4.8%	$173.6M
Current Assets	$85.2M+5.8%	$80.5M-5.2%	$84.9M+4.1%	$81.6M+5.4%	$77.4M+7.5%	$72.0M+3.6%	$69.5M+17.1%	$59.4M
Cash & Equivalents	$60.5M+32.9%	$45.5M-27.1%	$62.4M-0.3%	$62.6M+6.2%	$59.0M+10.7%	$53.3M+2.5%	$52.0M+15.4%	$45.0M
Accounts Receivable	$18.8M+11.4%	$16.9M+15.3%	$14.6M+36.5%	$10.7M-7.7%	$11.6M+8.6%	$10.7M+6.2%	$10.1M+27.2%	$7.9M
Goodwill	$61.3M0.0%	$61.3M0.0%	$61.3M-10.4%	$68.4M0.0%	$68.4M0.0%	$68.4M0.0%	$68.4M0.0%	$68.4M
Total Liabilities	$127.8M+0.8%	$126.7M-5.1%	$133.5M-1.8%	$136.0M+0.5%	$135.3M0.0%	$135.4M-7.2%	$145.8M+1.2%	$144.0M
Current Liabilities	$31.3M+4.3%	$30.0M-17.2%	$36.2M+12.9%	$32.1M-0.3%	$32.2M+0.1%	$32.2M+5.7%	$30.4M+9.5%	$27.8M
Total Equity	$62.8M+5.3%	$59.7M+4.4%	$57.2M+0.5%	$56.9M+7.9%	$52.7M+8.8%	$48.5M+34.3%	$36.1M+22.1%	$29.5M
Retained Earnings	-$51.7M+3.8%	-$53.7M+2.1%	-$54.9M-7.0%	-$51.3M+4.6%	-$53.8M+2.6%	-$55.2M+2.9%	-$56.9M+4.0%	-$59.2M

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.

MAPS annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$16.4M	$26.2M-28.6%	$36.7M+60.0%	$22.9M+297.3%	-$11.6M-138.5%	$30.2M-23.1%	$39.2M+523.3%	$6.3M
Capital Expenditures	$13.5M	$12.7M+9.0%	$11.6M-2.0%	$11.9M-26.1%	$16.1M+102.3%	$7.9M+505.3%	$1.3M-74.4%	$5.1M
Free Cash Flow	$2.9M	$13.5M-46.1%	$25.0M+126.5%	$11.1M+140.0%	-$27.7M-224.4%	$22.3M-41.3%	$37.9M+3152.6%	$1.2M
Investing Cash Flow	-$12.3M	-$12.7M-9.0%	-$11.6M+2.0%	-$11.9M+33.2%	-$17.8M+41.6%	-$30.4M-2221.5%	-$1.3M+74.4%	-$5.1M
Financing Cash Flow	-$2.5M	-$3.1M+58.7%	-$7.4M-40.3%	-$5.3M+46.0%	-$9.8M-120.4%	$48.1M+309.4%	-$23.0M-4.6%	-$22.0M
Share Buybacks	N/A	N/A	N/A	$0	$0-100.0%	$5.6M+1270.7%	$406K-74.1%	$1.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$8.2M+736.7%	-$1.3M-142.3%	$3.0M-52.5%	$6.4M-42.0%	$11.1M+95.3%	$5.7M-39.8%	$9.4M+30.2%	$7.2M
Capital Expenditures	$4.7M+86.9%	$2.5M-23.8%	$3.3M+16.1%	$2.9M+0.8%	$2.8M-22.1%	$3.6M+70.7%	$2.1M-9.4%	$2.4M
Free Cash Flow	$3.5M+190.7%	-$3.8M-1265.7%	-$280K-107.9%	$3.6M-56.8%	$8.2M+308.0%	$2.0M-72.3%	$7.3M+49.4%	$4.9M
Investing Cash Flow	$6.9M+152.7%	-$13.0M-291.6%	-$3.3M-16.1%	-$2.9M-0.8%	-$2.8M+22.1%	-$3.6M-70.7%	-$2.1M+9.4%	-$2.4M
Financing Cash Flow	-$95K+96.3%	-$2.6M-2955.6%	$90K+1.1%	$89K+103.5%	-$2.5M-260.6%	-$705K-107.4%	-$340K+69.4%	-$1.1M

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

MAPS Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MAPS annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	94.9%-0.2pp	95.1%+1.8pp	93.3%+0.5pp	92.8%-3.0pp	95.9%+0.6pp	95.3%+0.2pp	95.1%
Operating Margin	0.4%-7.6pp	8.0%+17.8pp	-9.8%+22.5pp	-32.3%-28.1pp	-4.2%-29.7pp	25.5%+21.1pp	4.4%
Net Margin	1.1%-3.0pp	4.1%+9.4pp	-5.3%+48.6pp	-53.8%-85.1pp	31.3%+7.3pp	24.0%+24.3pp	-0.3%
Return on Equity	3.4%-17.7pp	21.2%+81.6pp	-60.4%+806.4pp	-866.9%-961.9pp	95.0%	N/A	-7.5%
Return on Assets	1.0%-3.2pp	4.2%+10.1pp	-5.9%+52.3pp	-58.3%-74.8pp	16.5%-55.5pp	72.0%+72.2pp	-0.1%
Current Ratio	2.34+0.1x	2.28+0.8x	1.53+0.3x	1.19-1.4x	2.62+1.1x	1.47	N/A
Debt-to-Equity	2.33-1.7x	4.04-5.2x	9.20-4.7x	13.88+10.2x	3.67	N/A	49.62
FCF Margin	7.7%-5.8pp	13.6%+7.7pp	5.9%+18.7pp	-12.8%-24.4pp	11.5%-11.9pp	23.4%+22.6pp	0.8%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	94.0%-0.9pp	94.9%0.0pp	94.9%-0.1pp	95.0%+0.1pp	94.9%-0.1pp	95.0%-0.2pp	95.2%-0.1pp	95.3%
Operating Margin	5.5%+5.1pp	0.5%+13.7pp	-13.3%-17.9pp	4.6%+0.5pp	4.2%-1.8pp	5.9%-3.6pp	9.6%-1.6pp	11.2%
Net Margin	4.8%+2.1pp	2.7%+11.0pp	-8.3%-14.1pp	5.8%+2.6pp	3.2%-0.5pp	3.7%-1.2pp	4.9%-2.2pp	7.2%
Return on Equity	3.2%+1.3pp	2.0%+8.2pp	-6.2%-10.6pp	4.3%+1.6pp	2.7%-0.7pp	3.4%-3.1pp	6.5%-4.8pp	11.3%
Return on Assets	1.1%+0.4pp	0.6%+2.5pp	-1.9%-3.1pp	1.3%+0.5pp	0.8%-0.1pp	0.9%-0.4pp	1.3%-0.6pp	1.9%
Current Ratio	2.720.0x	2.68+0.3x	2.34-0.2x	2.54+0.1x	2.40+0.2x	2.240.0x	2.28+0.1x	2.14
Debt-to-Equity	2.03-0.1x	2.12-0.2x	2.33-0.1x	2.39-0.2x	2.57-0.2x	2.79-1.2x	4.04-0.8x	4.87
FCF Margin	8.2%+16.9pp	-8.8%-8.1pp	-0.7%-9.1pp	8.4%-9.9pp	18.3%+13.8pp	4.5%-10.7pp	15.2%+4.8pp	10.4%

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Where Wm Technology Inc Ranks

Frequently Asked Questions

What is Wm Technology Inc's annual revenue?

Wm Technology Inc (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's revenue growing?

Wm Technology Inc (MAPS) revenue declined by 5.3% year-over-year, from $184.5M to $174.7M in fiscal year 2025.

Is Wm Technology Inc profitable?

Yes, Wm Technology Inc (MAPS) reported a net income of $2.0M in fiscal year 2025, with a net profit margin of 1.1%.

What is Wm Technology Inc's EBITDA?

Wm Technology Inc (MAPS) had EBITDA of $14.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Wm Technology Inc's gross margin?

Wm Technology Inc (MAPS) had a gross margin of 94.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Wm Technology Inc's operating margin?

Wm Technology Inc (MAPS) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Wm Technology Inc's net profit margin?

Wm Technology Inc (MAPS) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Wm Technology Inc's return on equity (ROE)?

Wm Technology Inc (MAPS) has a return on equity of 3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Wm Technology Inc's free cash flow?

Wm Technology Inc (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.

What is Wm Technology Inc's operating cash flow?

Wm Technology Inc (MAPS) generated $26.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Wm Technology Inc's total assets?

Wm Technology Inc (MAPS) had $190.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Wm Technology Inc's capital expenditures?

Wm Technology Inc (MAPS) invested $12.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Wm Technology Inc spend on research and development?

Wm Technology Inc (MAPS) invested $28.1M in research and development during fiscal year 2025.

What is Wm Technology Inc's current ratio?

Wm Technology Inc (MAPS) had a current ratio of 2.34 as of fiscal year 2025, which is generally considered healthy.

What is Wm Technology Inc's debt-to-equity ratio?

Wm Technology Inc (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.

What is Wm Technology Inc's return on assets (ROA)?

Wm Technology Inc (MAPS) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Wm Technology Inc's Altman Z-Score?

Wm Technology Inc (MAPS) has an Altman Z-Score of 1.15, 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.

What is Wm Technology Inc's Piotroski F-Score?

Wm Technology Inc (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.

Are Wm Technology Inc's earnings high quality?

Wm Technology Inc (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.