---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-25-000044"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:54:12.579764+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001779474-25-000044
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947425000044/0001779474-25-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947425000044/maps-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-25-000044
- JSON: https://secwatch.observer/filing/0001779474-25-000044.json
- Plain text: https://secwatch.observer/filing/0001779474-25-000044.txt

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