---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-23-000021"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:47:44.130326+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WM Technology Q4 revenue $49.3M, net loss $60.8M; FY22 revenue $215.5M

## Summary
- Q4 revenue $49.3M (-9% YoY); net loss $60.8M vs net income $78.4M in Q4 2021.
- Adjusted EBITDA $1.5M, down from $3.8M YoY; non-cash provisions reduced figure.
- Average monthly paying clients hit 5,689 (+19% YoY) but ARPU fell to $2,888 from $3,789.
- Full year 2022 revenue $215.5M (+12% YoY); net loss $82.7M vs net income $152.2M in 2021.
- Cash $28.6M, no long-term debt; management cites challenging cannabis operating environment.

## SEC filing metadata
- accession: 0001779474-23-000021
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000021/0001779474-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000021/maps-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-23-000021
- JSON: https://secwatch.observer/filing/0001779474-23-000021.json
- Plain text: https://secwatch.observer/filing/0001779474-23-000021.txt

## Key facts
- Earnings Releases
  WM TECHNOLOGY, INC. reported the fourth quarter ended December 31, 2022 results: revenue $49.3 million, net income $60.8 million, EPS $1.19.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $49.3 million
  - Net income: $60.8 million
  - EPS: $1.19
  - Result: reported results
  source text: WM Technology, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results Announces Fourth Quarter 2022 Financial Results with Revenue of $49.3 million with Full Year Revenue of $215.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000021/0001779474-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.