secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001779474-25-000044
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000044/0001779474-25-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947425000044/maps-20251106.htm
  HTML page:      https://secwatch.observer/filing/0001779474-25-000044

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