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MARKETS / BALCAO / MAPS
BALCAO · SERVICES-PREPACKAGED SOFTWARE · MID CAP

WM Technology, Inc. MAPS

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$174.7M
▼ 5.3% YoY
$2.0M
▼ 74.3% YoY
$13.5M
▼ 46.1% YoY
In brief

What this company does

WM Technology, Inc. operates an online cannabis marketplace for consumers together with a set of eCommerce and compliance software solutions for cannabis businesses, sold to storefront locations and delivery operators and brands in the legalized cannabis markets in states and territories of the United States. As of December 31, 2025, it actively operated in over 35 U.S. states and territories that have adult-use and/or medical-use regulations in place. As of December 31, 2025, it had 416 full-time employees and 33 temporary employees, including 155 in engineering, product and design, 200 in sales and marketing and 94 in general and administrative. The Weedmaps marketplace provides cannabis consumers with information about cannabis retailers and brands. Weedmaps for Business is a set of eCommerce and compliance software solutions for cannabis retailers, delivery services and brands that streamline front and back-end operations and help manage compliance needs. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California. WM Technology, Inc. was initially incorporated in the Cayman Islands on June 7, 2019 under the name "Silver Spike Acquisition Corp".

Written from the business description in WM TECHNOLOGY, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 174.7M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 174.7 · Net income 2.0
80M160M-40M-80M2019202020212022202320242025
Compound annual growth
−6.8%
+1.5%
−45.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +1.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 0.4% · Net 1.9%
20%40%60%-10%-20%-30%2019202020212022202320242025
ROE
FY2025 · ROE 4.2%
500%1000%1500%-100%-200%-300%2019202020212022202320242025

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 13.5
20M-10M-20M2019202020212022202320242025

Total assetsUSD 190.7M
EquityUSD 57.2M
CashUSD 62.4M
Current ratio2.34×

Equity funds 30% of total assets.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.20.20.20.20.20.20.1
Operating income $B0.00.0−0.0−0.1−0.00.00.0
EBITDA $B0.00.0−0.0−0.1−0.00.00.0
Income tax $B0.00.00.00.2−0.00.00.0
Net income $B0.00.0−0.0−0.10.10.0−0.0
Free cash flow $B0.00.00.0−0.00.00.00.0
EPS, diluted $·····−5.940.42
Dividend / sh $·······
Payout %·······
ROE %4.229.1−66.5−301.5190.01553.2−7.5
Shares out B····0.13··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 1 failures · 1 divergences in 23 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures1 divergent
ActivityServices-Prepackaged Software
Listed onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2019

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