---
schema_version: "secwatch.filing_event.v1"
accession: "0001779474-26-000011"
form_type: "8-K"
ticker: "MAPS"
cik: "0001779474"
company_name: "WM TECHNOLOGY, INC."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:43:53.350592+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001779474-26-000011
- form_type: 8-K
- ticker: MAPS
- cik: 0001779474
- company_name: WM TECHNOLOGY, INC.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1779474/000177947426000011/0001779474-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1779474/000177947426000011/maps-20260312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-26-000011
- JSON: https://secwatch.observer/filing/0001779474-26-000011.json
- Plain text: https://secwatch.observer/filing/0001779474-26-000011.txt

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