secwatch.observer — SEC 8-K summary
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Issuer:     WM TECHNOLOGY, INC. (MAPS)
CIK:        0001779474
Form:       8-K
Filed at:   2026-05-11T20:21:33+00:00
Accession:  0001779474-26-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1779474/000177947426000021/0001779474-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1779474/000177947426000021/maps-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001779474-26-000021

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