WM Technology, Inc. · OTC:MAPS
WM Technology — Q1 2026 Earnings Presentation
11 slides from WM Technology's earnings presentation, May 11, 2026
Slide 1: WM Technology, Inc. Q1 2026 Results
WM Technology, Inc. Q1 2026 Results May 11, 2026
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: Q1 Financial Results
Q1 Financial Results ■ Revenues of $43.6 million as compared to $44.6 million in the prior year period ■ Net Income of $1.7 million as compared to $2.5 million in the prior year period (1) ■ Adjusted EBITDA of $5.9 million as compared to $10.1 million in the prior year period (2) ■ Average Monthly P
Slide 4: Income Statement (Unaudited)
Income Statement (Unaudited) 3 Months Ended ($M) As Reclassed(1) March 31, 2026 March 31, 2025 Revenues $43.6 $44.6 Cost of Revenues (2.2) (2.2) Sales & Marketing (10.3) (10.0) Product Development (8.7) (9.7) General & Administrative (19.1) (16.7) Depreciation & Amortization (3.1) (3.3) Total Costs
Slide 5: Historical Quarterly Financials
Historical Quarterly Financials Quarterly Revenues ($M) $44.6 $44.8 $42.2 $43.1 $43.6 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 YoY Growth +1% (2%) (9%) (10%) (2%) QoQ Growth (6%) +1% (6%) +2% +1% Adjusted EBITDA & Cash ($M) $10.1 $11.7 $10.4 $7.6 $5.9 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 % Margin
Slide 6: Selected Key Operating and Financial Metrics by Quarter
Selected Key Operating and Financial Metrics by Quarter Average Monthly Paying Clients 5,179 5,241 5,221 5,120 4,983 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Average Monthly Revenues per Paying Client $2,871 $2,852 $2,693 $2,804 $2,914 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Note: See our Q1 FY26 8-K
Slide 7: Revenue Breakdown
Revenue Breakdown 3 Months Ended ($M) March 31, 2026 March 31, 2025 Weedmaps for Business and other SaaS subscriptions $13.4 $13.6 Featured and Deal Listings 27.8 27.2 Subtotal $41.3 $40.8 Other ad solutions 2.3 3.8 Revenue $43.6 $44.6 Note: See our Q1 FY26 8-K Earnings Release and Form 10-Q for the
Slide 8: Summary Balance Sheet and Cash Flow (Unaudited)
Summary Balance Sheet and Cash Flow (Unaudited) Balance Sheet Cash Flows 3 Months Ended ($M) Mar 31, 2026 Mar 31, 2025 ($M) Mar 31, 2026 Dec 31, 2025 CASH FLOWS FROM OPERATING ACTIVITIES Cash, Cash Equivalents & Investments $57.0 $62.4 Net Income $1.7 $2.5 Accounts Receivable, Net 16.9 14.6 Deprecia
Slide 9: Share Classes
Share Classes Ownership Calculation Percentage 10-Q Reference Non-controlling interests ownership as of March 31, 2026 30.1% Note 11 Controlling interests ownership as of March 31, 2026 69.9% Common Shares as of March 31, 2026 Shares 10-Q Reference Common Stock Class A (voting publicly traded) A 111
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 111,187,614 shares C 13,803,732 Units B 47,852,652 69.9% 30.1% 30.1% 0.1%(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 March 31, 2026 March 31, 2025 Commentary Net Income $1.7 $2.5 + Provision for Income Taxes 0.0 0.0 + Interest (Income) / Expense (0.5) (0.4) + Depreciation & Amortization 3.1 3.3 EBITDA $4.3 $5.4 + Stock-Based Compe