{"schema_version":"secwatch.filing_event.v1","accession":"0001779474-26-000021","form_type":"8-K","ticker":"MAPS","cik":"0001779474","company_name":"WM TECHNOLOGY, INC.","filed_at":"2026-05-11T20:21:33+00:00","discovered_at":"2026-05-11T20:22:00.359488+00:00","generated_at":"2026-05-11T21:56:09.060411+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"WM Technology Q1 revenue $43.6M, net income $1.7M; guides Q2 down low-single digit sequentially","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001779474-26-000021","json":"https://secwatch.observer/filing/0001779474-26-000021.json","markdown":"https://secwatch.observer/filing/0001779474-26-000021.md","text":"https://secwatch.observer/filing/0001779474-26-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1779474/000177947426000021/0001779474-26-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1779474/000177947426000021/maps-20260511.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-11T21:56:09.060411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}