---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-24-000058"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:05:18.718690+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WM Technology posts Q3 net income $5.3M, up 312% YoY; names Doug Francis CEO

## Summary
- Net income of $5.3M up 312% YoY from net loss of $2.5M; revenue $46.6M flat YoY.
- Adjusted EBITDA $11.3M, eighth consecutive quarter of positive Adjusted EBITDA.
- Cash increased to $45.0M from $34.4M at year-end 2023; debt-free balance sheet.
- Doug Francis appointed CEO (previously Executive Chair) effective Nov 7, 2024; Susan Echard made permanent CFO.
- Average monthly paying clients 5,100, down 5.8% YoY; ARPU $3,043, up 5.9% YoY.

## SEC filing metadata
- accession: 0001779474-24-000058
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/0001779474-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/maps-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-24-000058
- JSON: https://secwatch.observer/filing/0001779474-24-000058.json
- Plain text: https://secwatch.observer/filing/0001779474-24-000058.txt

## Key facts
- Executive change
  Douglas Francis was appointed as Chief Executive Officer at WM TECHNOLOGY, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 7, 2024, the Board approved the appointment of Douglas Francis, age 47, to serve as Chief Executive Officer of the Company, effective as of November 7, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/0001779474-24-000058-index.htm
- Executive change
  Susan Echard was appointed as Chief Financial Officer at WM TECHNOLOGY, INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On November 7, 2024, the Board approved the appointment of Ms. Echard as the Company’s permanent Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1779474/000177947424000058/0001779474-24-000058-index.htm

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