Here are the 10-K annual reports from WM Technology Inc A (MAPS) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow MAPS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MAPS filings page.
WM Technology, Inc., operator of the Weedmaps cannabis marketplace and Weedmaps for Business software suite, describes a two-sided platform connecting consumers with licensed retailers and brands. The company generated $174.7 million in revenue and had 5,190 average monthly paying clients for the year ended December 31, 2025.
WM Technology highlights its capital‑light, software-driven model, extensive first‑party data and long operating history in cannabis technology as key strengths. It outlines growth plans to deepen marketplace engagement, expand into new U.S. markets as legalization advances, broaden SaaS offerings and pursue selective acquisitions.
The filing stresses substantial risks: dependence on evolving U.S. state cannabis laws versus continuing federal illegality, competition from illicit and hemp-derived products, high exposure to California, pricing and client retention challenges, ongoing material weaknesses in internal controls and past financial statement restatements, as well as active and potential litigation and regulatory scrutiny.