WM Technology Q3 revenue falls to $42.2M; net income down to $3.6M

WM TECHNOLOGY, INC.

Revenue $42.2M (-9.4% YoY); net income $3.6M (from $5.3M); adjusted EBITDA $7.6M (from $11.3M).
Avg monthly paying clients 5,221 (+2.4% YoY), but avg revenue per client fell to $2,693 from $3,043.
Cash increased to $62.6M from $52.0M at Dec 2024; total shares outstanding 157.2M.
Management cites ongoing pricing pressure and client margin compression in core markets.

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