secwatch.observer — SEC 8-K summary
======================================

Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001779474-25-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000016/0001779474-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000016/maps-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001779474-25-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer