---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-23-000075"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:58:05.159634+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WM Technology Q3 2023 revenue $47.7M (-5.5% YoY); net loss narrows to $2.5M, Adj EBITDA $10.7M

## Summary
- Revenue $47.7M vs $50.5M YoY; average paying clients 5,414 (‑162 YoY), ARPU $2,938 (‑$81).
- Net loss $2.5M (‑$0.02 EPS) vs loss of $10.5M (‑$0.11) in prior year; adjusted EBITDA $10.7M vs –$9.6M.
- Cash $27.7M, zero debt; total shares outstanding 149.4M (Class A + Class V).
- Management cites operational efficiency and disciplined execution in constrained cannabis end markets.

## SEC filing metadata
- accession: 0001779474-23-000075
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000075/0001779474-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000075/maps-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-23-000075
- JSON: https://secwatch.observer/filing/0001779474-23-000075.json
- Plain text: https://secwatch.observer/filing/0001779474-23-000075.txt

## Key facts
- Earnings Releases
  WM TECHNOLOGY, INC. reported the third quarter ended September 30, 2023 results: revenue $47.7 million, net income Net loss of $2.5 million, EPS $0.02.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $47.7 million
  - Net income: Net loss of $2.5 million
  - EPS: $0.02
  - Result: reported results
  source text: WM Technology, Inc. Reports Third Quarter 2023 Financial Results Announces Third Quarter 2023 Financial Results with Revenue of $47.7 million, Net Loss of $2.5 million and Adjusted EBITDA of $10.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947423000075/0001779474-23-000075-index.htm

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