WM Technology Q4 revenue $43.1M (-9.6% YoY); net loss $5.0M; appoints Nick Rellas to board

WM TECHNOLOGY, INC.

Q4 revenue $43.1M, down from $47.7M YoY; avg monthly paying clients 5,120 (down 2% from 5,225).
Net loss of $5.0M vs net income of $3.7M in Q4 2024; adjusted EBITDA $10.4M, down from $11.9M.
Full year 2025 revenue $174.7M, down from $184.5M; net income $3.3M vs $12.2M in 2024.
Appointed Nick Rellas (co-founder/former CEO of Drizly) to Board, effective March 5, 2026.
Cash and liquidity $62.4M as of Dec 31, 2025, up from $52.0M year-end 2024.

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