WM Technology, Inc. · OTC:MAPS
WM Technology — Q2 2025 Earnings Presentation
11 slides from WM Technology's earnings presentation, Aug 7, 2025
Slide 1: WM Technology, Inc. Q2 2025 Results
WM Technology, Inc. Q2 2025 Results August 7, 2025
Slide 2: Disclaimer
Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. (“WM”, the “Company”, “we”, “us”, “our”) and for no other purpose. References in this presentation to the “10
Slide 3: Q2 Financial Results
Q2 Financial Results ■ Revenues of $44.8 million as compared to $45.9 million in the prior year period ■ Net Income of $2.2 million as compared to $1.2 million in the prior year period (1) ■ Adjusted EBITDA of $11.7 million as compared to $10.1 million in the prior year period (2) ■ Average Monthly
Slide 4: Income Statement (Unaudited)
Income Statement (Unaudited) 3 Months Ended ($M) June 30, 2025 June 30, 2024 Revenues $44.8 $45.9 Cost of Revenues (2.3) (2.2) Sales & Marketing (8.9) (11.1) Product Development (7.5) (9.6) General & Administrative (20.7) (18.5) Depreciation & Amortization (3.5) (3.2) Total Costs & Expenses ($42.9)
Slide 5: Historical Quarterly Financials
Historical Quarterly Financials Quarterly Revenues ($M) $45.9 $46.6 $47.7 $44.4 $44.6 $44.8 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 YoY Growth (4%) (5%) 0% +3% +1% (2%) QoQ Growth (4%) +3% +1% +2% (6%) +1% Adjusted EBITDA & Cash ($M) $11.3 $11.9 $11.7 $9.6 $10.1 $10.1 Q1 2024 Q2 2024 Q3 2024
Slide 6: Selected Key Operating and Financial Metrics by Quarter
Selected Key Operating and Financial Metrics by Quarter Average Monthly Paying Clients 5,225 5,241 5,179 5,045 5,100 4,937 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Average Monthly Revenues per Paying Client $2,997 $3,033 $3,043 $3,041 $2,852 $2,871 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2
Slide 7: Revenue Breakdown
Revenue Breakdown 3 Months Ended ($M) June 30, 2025 June 30, 2024 Weedmaps for Business and other SaaS Subscriptions $13.3 $13.4 Featured and Deal Listings 27.1 28.4 Subtotal $40.4 $41.8 Other Ad Solutions 4.5 4.1 Revenues $44.8 $45.9 Note: See our Q2 FY25 8-K Earnings Release and Form 10-Q for the
Slide 8: Summary Balance Sheet and Cash Flow (Unaudited)
Summary Balance Sheet and Cash Flow (Unaudited) Balance Sheet Cash Flows 6 Months Ended ($M) Jun 30, 2025 Dec 31, 2024 ($M) Jun 30, 2025 Jun 30, 2024 Cash & Cash Equivalents $59.0 $52.0 CASH FLOWS FROM OPERATING ACTIVITIES Accounts Receivable 11.6 10.1 Net Income $4.7 $3.2 Prepaid & Other Current As
Slide 9: Share Classes
Share Classes Ownership Calculation Percentage 10-Q Reference Non-controlling interests ownership as of June 30, 2025 32.1% Note 11 Controlling interests ownership as of June 30, 2025 67.9% Common Shares as of June 30, 2025 Shares 10-Q Reference Common Stock Class A (voting publicly traded) A 107,22
Slide 10: Share Classes
Share Classes Controlling Interest Non-Controlling Interest Non-Controlling Interest Paired Class A Common Stock Class A Unit 1:1 Class V Common Vested Class P Units Holders Stock A 107,226,460 shares C 13,803,732 Units B 49,319,542 67.9% 31.2% 31.2% 0.9%(1) voting and economic interest voting and v
Slide 11: Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA 3 Months Ended $M June 30, 2025 June 30, 2024 Commentary Net Income $2.2 $1.2 + Provision for Income Taxes 0.0 0.0 + Interest (Income) / Expense (0.4) (0.0) + Depreciation & Amortization 3.5 3.2 EBITDA $5.2 $4.4 + Stock-Based Compens