10-K - WM Technology, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

WM Technology, Inc. reported FY 2025 revenues of $174.7 million, a 5% decrease from $184.5 million in FY 2024. Net income attributable to the company was $2.0 million, a significant decline from $7.6 million in the prior year. The revenue decrease was driven by a $8.9 million decline in Featured Listing and WM Deal products and a $0.9 million decline in Weedmaps for Business and other SaaS solutions, attributed to ongoing industry price deflation and consolidation. Despite lower revenue, the company generated $26.2 million in operating cash flow and ended the year with $62.4 million in cash and no long-term debt. Adjusted EBITDA was $39.8 million compared to $42.9 million in the prior year. Key operational metrics showed average monthly paying clients increased 2% to 5,190, while average monthly revenue per paying client decreased 7% to $2,805.

Key Takeaways

1Revenue declined 5% YoY to $174.7M due to industry price deflation.

2Net income attributable to WM Technology fell to $2.0M from $7.6M.

3Operating cash flow remained strong at $26.2M despite lower profits.

4Average monthly paying clients grew 2% to 5,190 while revenue per client fell 7%.

5Cash position strengthened to $62.4M with no long-term debt outstanding.

Key Financial Metrics

Revenue

$174.7M

-5%

Net Income

$2.0M

-74%

Gross Margin

94.9%

95.1% prior year

Gross Profit

$165.9M

-5%

free cash flow

$13.5M

Operating Income

$0.8M

-95%

operating margin

0.4%

Business Segments

Featured Listing and WM Deal Products61% of total revenue, declined $8.9M

$106.6M-8% YoY

Weedmaps for Business and other SaaS Solutions31% of total revenue, declined $0.9M

$54.2M-2% YoY