WM TECHNOLOGY, INC. reported the first quarter ended March 31, 2026 results: revenue $43.6 million, net income $1.7 million.
“as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- WM Technology, Inc. Reports First Quarter 2026 Financial Results Q1 2026 Revenue of $43.6 million and Net Income was $1.7 million Sustains Consecutive Quarters of Adjusted EBITDA Profitability IRVINE, Calif.--(BUSINESS WIRE)--May 11, 2026 -- WM Technology, Inc. (“WM”
Earnings Releases
WM TECHNOLOGY, INC. reported the first quarter ended March 31, 2026 results: revenue approximately $42 million to $44 million.
“On April 17, 2026, WM Technology, Inc. (the “Company”) announced certain preliminary financial results for the three months ended March 31, 2026. Based upon preliminary estimated financial results, the Company expects preliminary unaudited revenue to be approximately $42 million to $44 million. Preliminary adjusted EBITDA is expected to be approximately $5 million to $7 million. The Company also expects preliminary unaudited cash, cash equivalents and investments as of March 31, 2026 will be approximately $57 million.”
Auditor Changes
WM TECHNOLOGY, INC. engaged Macias Gini & O’Connell LLP as its auditor.
“As reported below, the Company engaged Macias Gini & O’Connell LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.”
Auditor Changes
WM TECHNOLOGY, INC. dismissed Baker Tilly US, LLP as its auditor.
“(a) Dismissal of Independent Registered Public Accounting Firm On April 3, 2026, following approval by the Audit Committee (the “Audit Committee”) of the Board of Directors (the “Board”) of the Company, the Company dismissed its independent registered public accounting firm, Baker Tilly US, LLP (“BT”), effective immediately.”
Earnings Releases
WM TECHNOLOGY, INC. reported the fiscal year ended December 31, 2025 results: revenue $174.7 million, net income $3.3 million.
“Revenue of $174.7 million decreased from $184.5 million in the prior year. The decrease from the prior year was driven by continued headwinds across core markets, where ongoing pricing pressure and price deflation continued to compress client operating margins and constrain marketing budgets. ◦ Average monthly paying clients (1) of 5,190 was up from 5,077 in the prior year. The increase from the prior year period was largely due to new client acquisitions across certain developing markets, partially offset by a churn in more established markets. ◦ Average monthly revenues per paying client (2) of $2,805 decreased from $3,029 in the prior year. The decrease from the prior year period was due to spend declines in established markets driven by continued industry challenges, such as price deflation and ongoing consolidation. In addition, new clients acquired across certain markets had lower levels of average spend. • Net income decreased to $3.3 million from $12.2 million in the prior year”
Earnings Releases
WM TECHNOLOGY, INC. reported the fourth quarter ended December 31, 2025 results: revenue $43.1 million, net income $5.0 million.
“Revenue for the fourth quarter ended December 31, 2025 was $43.1 million, compared to $47.7 million in the prior year period. The decrease from the prior year period was driven by continued challenges across core markets, where ongoing pricing pressure continued to compress client operating margins and constrain marketing budgets. ◦ Average monthly paying clients (1) were 5,120, compared to 5,225 in the prior year period. The decrease from the prior year period was largely due to churn in more established markets, partially offset by new client acquisitions across certain developing markets. ◦ Average monthly revenues per paying client (2) of $2,804 decreased from $3,041 in the prior year period. The decrease from the prior year period was due to spend declines in established markets driven by continued industry challenges, such as price deflation and ongoing consolidation. In addition, new clients acquired across certain markets had lower levels of average spend. • Net loss was $5.0 m”
Listing & Compliance Notices
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)).
“February 4, 2026, WM Technology, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate e”
Auditor Changes
WM TECHNOLOGY, INC. engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Auditor Changes
Moss Adams LLP resigned as auditor of WM TECHNOLOGY, INC..
“On June 3, 2025, WM Technology, Inc., (the “Company”) was notified that Moss Adams LLP (“Moss Adams”), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025 (the “Merger”). The combined audit practices operate as Baker Tilly US, LLP (“Baker Tilly”). In connection with the notification of the Merger, Moss Adams has resigned as the auditors of the Company, and the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Susan Echard was appointed as Chief Financial Officer at WM TECHNOLOGY, INC..
“On November 7, 2024, the Board approved the appointment of Ms. Echard as the Company’s permanent Chief Financial Officer.”
Douglas Francis was appointed as Chief Executive Officer at WM TECHNOLOGY, INC..
“On November 7, 2024, the Board approved the appointment of Douglas Francis, age 47, to serve as Chief Executive Officer of the Company, effective as of November 7, 2024.”
Glen Ibbott was appointed as Class I Director at WM TECHNOLOGY, INC..
“the Board appointed Glen Ibbott to fill an existing vacancy on the Board and to serve on the Board as a Class I director”
Duncan Grazier resigned as Chief Technology Officer at WM TECHNOLOGY, INC..
“on July 17, 2024, Duncan Grazier, the Chief Technology Officer of the Company, tendered his resignation from his role as Chief Technology Officer, effective July 31, 2024.”
Fiona Tan resigned as Director at WM TECHNOLOGY, INC..
“On August 2, 2024 , Fiona Tan notified WM Technology, Inc. (the “Company”) of her decision to resign as a member of the Company’s board of directors (the “Board”), the Nominating and Corporate Governance Committee of the Board and the Technology Committee of the Board, of which she was the Chairperson, effective September 30, 2024.”
Duncan Grazier resigned as Chief Technology Officer at WM TECHNOLOGY, INC..
“On July 17, 2024, Duncan Grazier, the Chief Technology Officer of WM Technology, Inc., a Delaware corporation (the “Company”), tendered his resignation from his role as Chief Technology Officer, effective July 31, 2024.”
Listing & Compliance Notices
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“May 14, 2024, WM Technology, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2024 (the “Quarterly Report”) and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires Nasdaq-listed companies to”
Listing & Compliance Notices
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“April 2, 2024, WM Technology, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of the Nasdaq Stock Market (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Annual Report”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). The Notice states that”
Earnings Releases
WM TECHNOLOGY, INC. reported full year 2023 results: revenue $185 million to $195 million.
“preliminary unaudited and unreviewed financial results for the year-end 2023: Year-End 2023 Financial Highlights: • Revenue is expected to be in the range of approximately $185 million to $195 million. • Adjusted EBITDA is expected to be in the range of approximately $33 million to $37 million. • Cash totaled approximately $34 million as of December 31, 2023,”
Susan Echard was appointed as interim Chief Financial Officer at WM TECHNOLOGY, INC..
“On March 01, 2024, the Board of Directors of the Company appointed Susan Echard, age 59, as interim CFO, to replace Ms. Hoitt, effective as of February 26, 2024, until a permanent CFO is identified.”
Mary Hoitt was removed as interim Chief Financial Officer at WM TECHNOLOGY, INC..
“On February 26, 2024, SeatonHill informed the Company that it was removing Ms. Hoitt as the CFO Partner (as defined in the Executive Services Agreement) under the Executive Services Agreement and replacing her with Susan Echard, a partner at SeatonHill, effective immediately.”
Listing & Compliance Notices
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)).
“December 29, 2023, WM Technology, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate”
Earnings Releases
WM TECHNOLOGY, INC. reported the third quarter ended September 30, 2023 results: revenue $47.7 million, net income Net loss of $2.5 million, EPS $0.02.
“WM Technology, Inc. Reports Third Quarter 2023 Financial Results Announces Third Quarter 2023 Financial Results with Revenue of $47.7 million, Net Loss of $2.5 million and Adjusted EBITDA of $10.7 million”
Justin R. Hartfield resigned as member of the board of directors and the Technology Committee at WM TECHNOLOGY, INC..
“On August 9, 2023, Justin R. Hartfield notified WM Technology, Inc. (the “Company”) of his decision to resign as a member of the Company’s board of directors (the “Board”), and the Technology Committee of the Board, effective immediately.”
Earnings Releases
WM TECHNOLOGY, INC. reported second quarter ended June 30, 2023 results: revenue $50.9 million, net income $2.0 million, EPS $0.01.
“WM Technology, Inc. Reports Second Quarter 2023 Financial Results Announces Second Quarter 2023 Financial Results with Revenue of $50.9 million, Net Income of $2.0 million and Adjusted EBITDA of $10.2 million”
Auditor Changes
WM TECHNOLOGY, INC. engaged Moss Adams LLP as its auditor.
“On August 2, 2023, the Audit Committee of the Board of Directors of the Company approved the appointment of Moss Adams LLP ("Moss Adams") as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Auditor Changes
Baker Tilly US, LLP resigned as auditor of WM TECHNOLOGY, INC..
“On June 8, 2023, the Company was notified by Baker Tilly US, LLP (“Baker Tilly”), of its decision to resign as the independent registered public accounting firm of the Company due to staffing constraints within Baker Tilly. The resignation is effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.”
Mary Hoitt was appointed as Chief Financial Officer at WM TECHNOLOGY, INC..
“appointed Mary Hoitt as interim Chief Financial Officer (“CFO”), effective as of July 17, 2023”
Arden Lee resigned as Chief Financial Officer at WM TECHNOLOGY, INC..
“On June 30, 2023, Arden Lee, the Chief Financial Officer of WM Technology, Inc. (the “Company”), tendered his resignation from his role as Chief Financial Officer, effective July 14, 2023.”
Shareholder Votes
WM TECHNOLOGY, INC. shareholders approved Approval, on an Non-Binding Advisory Basis, of the Compensation of the Company’s Named Executive Officers at the 2023-06-21 meeting.
“The Company’s stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Company’s definitive proxy statement relating to the Annual Meeting.”
Shareholder Votes
WM TECHNOLOGY, INC. shareholders approved Election of Class II Directors at the 2023-06-21 meeting.
“The Company’s stockholders elected the three persons listed below as Class II Directors, each to serve until the Company’s 2026 Annual Meeting of Stockholders or until their successors are duly elected and qualified or until their earlier death, resignation or removal.”
Auditor Changes
Baker Tilly US, LLP resigned as auditor of WM TECHNOLOGY, INC..
“(the “Company”) was notified by Baker Tilly US, LLP (“Baker Tilly”), the independent registered public accounting firm of the Company, of its decision to resign as the independent registered public accounting firm of the Company due to staffing constraints within Baker Tilly. The resignation is effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.”
Earnings Releases
WM TECHNOLOGY, INC. reported first quarter ended March 31, 2023 results: revenue $48.0 million, EPS $0.03.
“in such a filing. --- EX-99.1 (EX-99.1) --- WM Technology, Inc. Reports First Quarter 2023 Financial Results Announces First Quarter 2023 Financial Results with Revenue of $48.0 million Irvine, Calif. -- May 9, 2023 -- WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis”
Listing & Compliance Notices
WM TECHNOLOGY, INC. received a nasdaq deficiency notice notice regarding late filing (rules 5450(a)(1), 5810(c)(3)(A), 5810(c)(3)(H)).
“April 19, 2023, WM Technology, Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the closing bid price for the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share, which is the minimum closing bid price required for continued listing on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Notice”). This Notice is a notice of deficiency, not delisting, and has no immediate eff”
Earnings Releases
WM TECHNOLOGY, INC. reported the fourth quarter ended December 31, 2022 results: revenue $49.3 million, net income $60.8 million, EPS $1.19.
“WM Technology, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results Announces Fourth Quarter 2022 Financial Results with Revenue of $49.3 million with Full Year Revenue of $215.5 million”
Juanjo Feijoo resigned as Chief Operating Officer at WM TECHNOLOGY, INC..
“On December 29, 2022, Juanjo Feijoo, the Company’s Chief Operating Officer, tendered his resignation from his role as Chief Operating Officer, effective December 31, 2022.”
Duncan Grazier was appointed as Chief Technology Officer at WM TECHNOLOGY, INC..
“On December 5, 2022, the Board of Directors of the Company appointed Duncan Grazier (previously the Company’s Senior Vice President, Engineering), age 35, to replace Mr. Dean as the Company’s Chief Technology Officer, effective as of December 5, 2022.”
Justin Dean resigned as Chief Technology Officer at WM TECHNOLOGY, INC..
“On December 5, 2022, Justin Dean, the Company’s Chief Technology Officer, tendered his resignation from his role as Chief Technology Officer, effective December 5, 2022.”
Restructurings & Charges
WM TECHNOLOGY, INC. announced a restructuring with charges of approximately $10.7 million (up to 175 employees, representing approximately 25% of the Company's total global workforce).
“On November 29, 2022 and December 1, 2022, the Board of Directors of WM Technology, Inc. (the “Company”) approved plans to reduce the Company’s current workforce by up to 175 employees, representing approximately 25% of the Company’s total global workforce. This decision was based on cost-reduction initiatives intended to reduce operating expenses and sharpen the Company’s focus on key growth priorities. The Company currently estimates that it will incur charges of approximately $10.7 million in connection with the reduction in force, primarily consisting of cash severance payments, employee benefits and related costs.”
Earnings Releases
WM TECHNOLOGY, INC. reported the third quarter ended September 30, 2022 results: revenue $50.5 million, net income $10.5 million, EPS $0.06.
“Revenue was $50.5 million as compared to $50.9 million in the third quarter of 2021.”
Chris Beals resigned as Chief Executive Officer and director at WM TECHNOLOGY, INC..
“On November 3, 2022, Chris Beals, the Company’s Chief Executive Officer and director, tendered his resignation from his role as Chief Executive Officer and from the Board of Directors, effective November 7, 2022.”
Anthony Bay was appointed as Chairman of the Board at WM TECHNOLOGY, INC..
“Effective on March 7, 2022 (the “Effective Date”), upon the recommendation of its Nominating and Corporate Governance Committee (the “Nominating Committee”), the Board of Directors (the “Board”) of WM Technology, Inc., a Delaware corporation (the “Company”), Mr. Anthony Bay was appointed to fill an existing vacancy on the Board, to serve as the Chairman of the Board and to serve on the Board as a Class I director until the Company’s 2022 annual meeting of stockholders and until his successor is duly appointed and qualified, or until his earlier death, resignation or removal.”
Juanjo Feijoo was appointed as Chief Operating Officer at WM TECHNOLOGY, INC..
“On July 7, 2021, the Board of Directors of the Company appointed Juanjo Feijoo (previously the Company’s Chief Marketing Officer), age 35, to replace Mr. Jung as the Company’s Chief Operating Officer, effective as of July 1, 2021.”
Steven Jung changed role as President and Chief Operating Officer at WM TECHNOLOGY, INC..
“Steven Jung transitioned from his role as President and Chief Operating Officer of WM Technology, Inc. (the “Company”) to a paid employee advisory role effective as of July 1, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.