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

Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001779474-25-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000034/0001779474-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000034/maps-20250807.htm
  HTML page:      https://secwatch.observer/filing/0001779474-25-000034

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