WM Technology, Inc. Reports Second Quarter 2026 Financial Results
WM TECHNOLOGY, INC. (MAPS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 WM Technology, Inc. Reports Second Quarter 2026 Financial Results Q2 Revenue of $42.4 million and Net Income of $2.9 million Sustains Consecutive Quarters of Adjusted EBITDA Profitability Irvine, Calif.--(BUSINESS WIRE)--August 6, 2026-- WM Technology, Inc. (“WM Tech
How this was made
The 30-second read
Why it matters
Key decision inputs are the reported Q2 revenue/client metrics, the sharp decline in Adjusted EBITDA versus the prior year, and the company’s expectation for mid-single-digit sequential revenue decline in Q3.
Market read
Traders can update near-term expectations using the disclosed Q2 financials and the explicit Q3 revenue decline assumption.
What to watch
The guidance assumes no acquisitions, restructurings, or legal settlements; traders may discount the outlook if they expect those events or if churn dynamics reverse in developing markets.
Background
This is an SEC 8-K with Exhibit 99.1 reporting WM Technology’s Q2 2026 financial results and providing Q3 2026 revenue direction.
Ticker impact
WM Technology reports Q2 2026 results with revenue $42.4M, net income $2.9M, and Adjusted EBITDA down to $5.0M, plus Q3 revenue decline guidance.
Likely choppy-to-negative near term if traders focus on the large Adjusted EBITDA drop and guided mid-single-digit sequential revenue decline.
The article includes current-quarter financials and explicit Q3 revenue direction, but it is OTC-listed and the magnitude of the move is not provided in the text.
Market effects
Cannabis-adjacent marketplace operators face customer margin compression and spend declines, reinforcing a cautious read-through for ad and software spend in the sector.
No specific regional demand signal beyond U.S. state-legal markets.
Limited, as the business is described as U.S. state-legal focused.
Counterpoint
GAAP net income increased to $2.9M and cash rose to $60.5M, which could offset concerns about Adjusted EBITDA weakness for balance-sheet-focused traders.
Key entities
- companyWM Technology, Inc.
OTC-listed marketplace and technology solutions provider operating Weedmaps; subject of the 8-K earnings release.
- executiveDoug Francis
CEO and Chairman quoted on marketplace strengthening and expansion into underpenetrated states.
- executiveSusan Echard
CFO quoted on liquidity, expense discipline, and targeted marketing and automation initiatives.
