---
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"
generated_at: "2026-05-11T21:56:09.060411+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001779474-26-000021
- JSON: https://secwatch.observer/filing/0001779474-26-000021.json
- Plain text: https://secwatch.observer/filing/0001779474-26-000021.txt

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