MAPS · CIK 0001779474

WM TECHNOLOGY, INC.

Annual figures as reported, FY2018–FY2025. Ratios and growth rates derived on-page.

Revenue

$174.7M

▼ −5.3% vs FY2024

Net income

$2.0M

▼ −74.3% vs FY2024

Free cash flow

$13.5M

▼ −46.1% vs FY2024

Total assets

$190.7M

▲ +4.8% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Recent quarters

momentum · last 12 quarters

Revenue — Mar ’26 quarter

$43.6M

▼ −2.4% vs Mar ’25

Net income — Mar ’26 quarter

$1.2M

▼ −28.9% vs Mar ’25

Revenue — trailing 12 months

$173.7M

▼ −6.0% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

Quarterly net income

Losses shown in terracotta

Quarter	Revenue	Rev. YoY	Gross margin	Net income	Net margin	Diluted EPS
Mar ’26	$43.6M	−2.4%	—	$1.2M	2.7%	$0.01
Dec ’25	$43.1M	−9.7%	—	−$3.6M	−8.3%	—
Sep ’25	$42.2M	−9.4%	—	$2.5M	5.8%	—
Jun ’25	$44.8M	−2.3%	—	$1.4M	3.2%	—
Mar ’25	$44.6M	0.5%	—	$1.6M	3.7%	$0.02
Dec ’24	$47.7M	2.6%	—	$2.4M	4.9%	—
Sep ’24	$46.6M	−0.3%	—	$3.3M	7.2%	—
Jun ’24	$45.9M	−5.2%	—	$716K	1.6%	—

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Growth rates

compounding, annualized

Revenue CAGR

−6.8%

+1.5%

Net income CAGR

−45.0%

Free cash flow CAGR

−18.7%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio
FY2025	94.9%	0.4%	1.1%	7.7%	3.4%	1.0%	2.34×
FY2024	95.1%	8.0%	4.1%	13.6%	21.2%	4.2%	2.28×
FY2023	93.3%	−9.8%	−5.3%	5.9%	−60.4%	−5.9%	1.53×
FY2022	92.9%	−32.3%	−53.8%	−12.8%	−866.9%	−58.3%	1.19×
FY2021	95.9%	−4.2%	31.3%	11.5%	95.0%	16.5%	2.62×
FY2020	95.3%	25.5%	24.0%	23.4%	—	72.0%	1.47×
FY2019	95.1%	4.4%	−0.3%	0.8%	—	−0.1%	—
FY2018	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	$174.7M	$165.9M	$766K	$2.0M	—	$26.2M	$12.7M	$190.7M	$58.9M	$57.2M	$62.4M	—
FY2024	$184.5M	$175.5M	$14.8M	$7.6M	—	$36.7M	$11.6M	$181.9M	$61.8M	$36.1M	$52.0M	—
FY2023	$188.0M	$175.5M	−$18.5M	−$9.9M	—	$22.9M	$11.9M	$167.0M	$63.9M	$16.4M	$34.4M	—
FY2022	$215.5M	$200.1M	−$69.6M	−$116.0M	—	−$11.6M	$16.1M	$199.0M	$84.3M	$13.4M	$28.6M	—
FY2021	$193.1M	$185.2M	−$8.2M	$60.4M	—	$30.2M	$7.9M	$365.1M	$233.2M	$63.6M	$67.8M	—
FY2020	$161.8M	$154.2M	$41.2M	$38.8M	—	$39.2M	$1.3M	$53.9M	$22.2M	$0	$19.9M	—
FY2019	$144.2M	$137.2M	$6.3M	−$375K	—	$6.3M	$5.1M	$253.1M	$27.1M	$0	$0	—
FY2018	—	—	—	—	—	—	—	—	—	—	$25.8M	—

Latest filings

the most recent regulatory filings

8-KCurrent report — material event2026-06-24 ↗4Insider ownership filing2026-05-19 ↗4Insider ownership filing2026-05-19 ↗4Insider ownership filing2026-05-19 ↗10-QQuarterly report2026-05-11 ↗8-KCurrent report — material event2026-05-11 ↗SCHEDULE 13G/ASEC filing2026-05-07 ↗ARSSEC filing2026-04-28 ↗DEFA14AProxy statement2026-04-28 ↗DEF 14AProxy statement2026-04-28 ↗

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Quarter

Revenue

Rev. YoY

Gross margin

Net income

Net margin

Diluted EPS

Mar ’26

$43.6M

−2.4%

—

$1.2M

2.7%

$0.01

Dec ’25

$43.1M

−9.7%

—

−$3.6M

−8.3%

—

Sep ’25

$42.2M

−9.4%

—

$2.5M

5.8%

—

Jun ’25

$44.8M

−2.3%

—

$1.4M

3.2%

—

Mar ’25

$44.6M

0.5%

—

$1.6M

3.7%

$0.02

Dec ’24

$47.7M

2.6%

—

$2.4M

4.9%

—

Sep ’24

$46.6M

−0.3%

—

$3.3M

7.2%

—

Jun ’24

$45.9M

−5.2%

—

$716K

1.6%

—

Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

FY2025

94.9%

0.4%

1.1%

7.7%

3.4%

1.0%

2.34×

FY2024

95.1%

8.0%

4.1%

13.6%

21.2%

4.2%

2.28×

FY2023

93.3%

−9.8%

−5.3%

5.9%

−60.4%

−5.9%

1.53×

FY2022

92.9%

−32.3%

−53.8%

−12.8%

−866.9%

−58.3%

1.19×

FY2021

95.9%

−4.2%

31.3%

11.5%

95.0%

16.5%

2.62×

FY2020

95.3%

25.5%

24.0%

23.4%

—

72.0%

1.47×

FY2019

95.1%

4.4%

−0.3%

0.8%

—

−0.1%

—

FY2018

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

$174.7M

$165.9M

$766K

$2.0M

—

$26.2M

$12.7M

$190.7M

$58.9M

$57.2M

$62.4M

—

FY2024

$184.5M

$175.5M

$14.8M

$7.6M

—

$36.7M

$11.6M

$181.9M

$61.8M

$36.1M

$52.0M

—

FY2023

$188.0M

$175.5M

−$18.5M

−$9.9M

—

$22.9M

$11.9M

$167.0M

$63.9M

$16.4M

$34.4M

—

FY2022

$215.5M

$200.1M

−$69.6M

−$116.0M

—

−$11.6M

$16.1M

$199.0M

$84.3M

$13.4M

$28.6M

—

FY2021

$193.1M

$185.2M

−$8.2M

$60.4M

—

$30.2M

$7.9M

$365.1M

$233.2M

$63.6M

$67.8M

—

FY2020

$161.8M

$154.2M

$41.2M

$38.8M

—

$39.2M

$1.3M

$53.9M

$22.2M

$19.9M

—

FY2019

$144.2M

$137.2M

$6.3M

−$375K

—

$6.3M

$5.1M

$253.1M

$27.1M

—

FY2018

—

$25.8M

—