---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-25-000016"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:07:26.015665+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WM Technology Q1 net income up 27% to $2.5M; guides Q2 revenue ~$45M

## Summary
- Revenue $44.6M vs $44.4M YoY; net income $2.5M vs $2.0M (+27%).
- Adjusted EBITDA $10.1M vs $9.6M; tenth consecutive quarter of positive Adj. EBITDA.
- Avg monthly paying clients 5,179 (+4.9% YoY); avg revenue per client $2,871 (-4.2%).
- Cash $53.3M, up $17.6M YoY; operating cash flow $1.3M in Q1.
- Q2 2025 guidance: revenue ~$45M, Adj. EBITDA ~$8M.

## SEC filing metadata
- accession: 0001779474-25-000016
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1779474/000177947425000016/0001779474-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947425000016/maps-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-25-000016
- JSON: https://secwatch.observer/filing/0001779474-25-000016.json
- Plain text: https://secwatch.observer/filing/0001779474-25-000016.txt

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