earnings
confidence high
sentiment negative
materiality 0.65
WM Technology Q2 revenue $42.4M (-5% YoY); net income $2.9M, adj. EBITDA $5.0M
WM TECHNOLOGY, INC.
- Revenue $42.4M vs $44.8M YoY; net income $2.9M vs $2.2M YoY.
- Adjusted EBITDA $5.0M vs $11.7M YoY; cash $60.5M, up from $59.0M.
- Average monthly paying clients 5,040, down from 5,241; revenue per client $2,807 vs $2,852.
- CEO cites industry margin compression and regulatory pressures; CFO notes disciplined expense management.