WM Technology Q2 revenue slips to $44.8M but net income rises 81% to $2.2M; cash grows to $59M

WM TECHNOLOGY, INC.

Revenue $44.8M (down 2.4% YoY); net income $2.2M vs $1.2M (+81%); Adjusted EBITDA $11.7M (+16% YoY).
Average monthly paying clients 5,241 (+3.9% YoY); avg revenue per paying client $2,852 (-6% YoY).
Cash increased to $59.0M as of June 30, 2025, from $52.0M at Dec 31, 2024; no debt on balance sheet.
CEO cites challenging industry environment but progress in emerging markets; CFO emphasizes strong financial position.

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