WM Technology Inc (STU:833)

Q4 2025 WM Technology Inc Earnings Call Transcript

Mar 12, 2026 / 09:00 PM GMT

Release Date Price: €0.61 (-5.43%)

Transcript 10-K8-K

Key Points

Positve

WM Technology Inc (MAPS) delivered $175 million in revenue for the full year 2025, with $40 million in adjusted EBITDA.
The company ended the year with $62 million in cash, marking an almost 20% increase in cash balance from the end of 2024.
Revenue for the fourth quarter was at the top end of prior guidance, and adjusted EBITDA exceeded guidance for the quarter.
WM Technology Inc (MAPS) is focusing on enhancing product offerings and deepening relationships with large California-based clients and MSO partners.
The company is seeing encouraging growth in newer markets such as New York and Ohio, with client penetration prioritized as retailers come online.

Negative

Revenue for the fourth quarter declined by 10% year over year, reflecting persistent challenges in core markets.
Average paying clients in the fourth quarter were down approximately 2% year over year and sequentially.
Average revenue per paying client decreased due to lower spend from existing clients and the addition of clients in newer markets with lower initial spend levels.
Total operating expenses increased modestly by 2% for the full year, driven by nonrecurring items.
The company recorded a non-cash asset impairment charge of approximately $7.8 million related to goodwill assets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MAPS.OQ - WM Technology Inc
Q4 2025 WM Technology Inc Earnings Call
Mar 12, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by and welcome to the WM Technologies Inc. 4th quarter and full year 2025 earnings call. I'd now like to introduce your host for today's program, Simon Ya.

Please go ahead, sir.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good afternoon and thank you for joining us to discuss our fourth quarter and full year 2025 results. Today we are joined by our CEO Doug Francis and our CFO Susan Eckert.

By now everyone should have access to our earnings announcement and supporting slide deck on our investor relations website.

During this call,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.