WM Technology (WM Technology) Gross Margin % : 93.68% (As of Sep. 2023)

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What is WM Technology Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. WM Technology's Gross Profit for the three months ended in Sep. 2023 was $44.7 Mil. WM Technology's Revenue for the three months ended in Sep. 2023 was $47.7 Mil. Therefore, WM Technology's Gross Margin % for the quarter that ended in Sep. 2023 was 93.68%.

The historical rank and industry rank for WM Technology's Gross Margin % or its related term are showing as below:

MAPS' s Gross Margin % Range Over the Past 10 Years
Min: 92.85 Med: 95.19 Max: 95.89
Current: 93.22

During the past 4 years, the highest Gross Margin % of WM Technology was 95.89%. The lowest was 92.85%. And the median was 95.19%.

MAPS's Gross Margin % is ranked better than
95.62% of 2624 companies
in the Software industry
Industry Median: 41.67 vs MAPS: 93.22

WM Technology had a gross margin of 93.68% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for WM Technology was 0.00% per year.

WM Technology Gross Margin % Historical Data

The historical data trend for WM Technology's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WM Technology Gross Margin % Chart

WM Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross Margin %

95.10

95.28

95.89

92.85

WM Technology Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial										91.54	92.82	92.72	93.63	93.68

Competitive Comparison of WM Technology's Gross Margin %

For the Software - Application subindustry, WM Technology's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WM Technology's Gross Margin % Distribution in the Software Industry

For the Software industry and Technology sector, WM Technology's Gross Margin % distribution charts can be found below:

* The bar in red indicates where WM Technology's Gross Margin % falls into.

WM Technology Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

WM Technology's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	200.1	/	215.531
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(215.531 - 15.407)	/	215.531
	=	92.85 %

WM Technology's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	44.7	/	47.725
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(47.725 - 3.015)	/	47.725
	=	93.68 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

WM Technology (NAS:MAPS) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

WM Technology had a gross margin of 93.68% for the quarter that ended in Sep. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

WM Technology Gross Margin % Related Terms

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WM Technology (WM Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WM Technology Inc (NAS:MAPS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

833:Germany

Address

41 Discovery, Irvine, CA, USA, 92618

Website

https://www.weedmaps.com

WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.

Executives

Duncan Grazier	officer: Chief Technology Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire	officer: General Counsel	41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez	director	41 DISCOVERY, IRVINE CA 92618
Anthony Bay	director
Brenda Freeman	director	C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan	director	41 DISCOVERY, IRVINE CA 92618
Scott Gordon	director, officer: CEO and Chairman	1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn	officer: Chief Marketing Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt	officer: Interim CFO	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee	officer: Chief Financial Officer	41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio	officer: Chief Marketing Officer	41 DISCOVERY, IRVINE CA 92618
Justin Dean	officer: CTO and CIO	41 DISCOVERY, IRVINE CA 92618
Christopher Beals	director, officer: Chief Executive Officer	41 DISCOVERY, IRVINE CA 92618
Justin Hartfield	director, 10 percent owner	2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis	director, 10 percent owner	49 DISCOVERY, STE 200, IRVINE CA 92618