---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-23-000033"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:43:35.169758+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WM Technology Q1 revenue $48.0M, adjusted EBITDA $7.1M, net loss narrows to $4.0M

## Summary
- Revenue of $48.0M, down 16.5% from $57.5M in Q1 2022, reflecting lower average revenue per client.
- Net loss improved to $4.0M from $31.2M in prior year; basic EPS loss $0.03.
- Adjusted EBITDA turned positive at $7.1M vs. ($1.0M) in Q1 2022.
- Average monthly paying clients increased 12% to 5,641; average revenue per client fell 25.5% to $2,837.
- Cash $25.9M, no long-term debt; total shares outstanding 148.1M (Class A + Class V).

## SEC filing metadata
- accession: 0001779474-23-000033
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000033/0001779474-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000033/maps-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-23-000033
- JSON: https://secwatch.observer/filing/0001779474-23-000033.json
- Plain text: https://secwatch.observer/filing/0001779474-23-000033.txt

## Key facts
- Earnings Releases
  WM TECHNOLOGY, INC. reported first quarter ended March 31, 2023 results: revenue $48.0 million, EPS $0.03.
  - Period: first quarter ended March 31, 2023
  - Revenue: $48.0 million
  - EPS: $0.03
  - Result: reported results
  source text: in such a filing. --- EX-99.1 (EX-99.1) --- WM Technology, Inc. Reports First Quarter 2023 Financial Results Announces First Quarter 2023 Financial Results with Revenue of $48.0 million Irvine, Calif. -- May 9, 2023 -- WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000033/0001779474-23-000033-index.htm

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