secwatch.observer — SEC 8-K summary
======================================

Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001779474-26-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947426000011/0001779474-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947426000011/maps-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001779474-26-000011

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