WM Technology Q1 revenue $43.6M, net income $1.7M; guides Q2 down low-single digit sequentially

WM TECHNOLOGY, INC.

2026-Q1 EPS reported $0.01 revenue$43,558,000

Revenue $43.6M vs $44.6M YoY; net income $1.7M (down from $2.5M); Adjusted EBITDA $5.9M (down from $10.1M).
Average monthly paying clients 4,983 (down from 5,179); ARPU $2,914 (up from $2,871) on favorable mix shift.
Cash & marketable securities $57.0M at March 31, 2026, up from $53.3M a year ago; 159.0M total shares outstanding.
CEO cites medical cannabis rescheduling as constructive federal step; expects long-term benefit to industry.
Q2 2026 revenue guidance: low-single-digit sequential decline from Q1; assumes no M&A, restructuring, or legal settlements.

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