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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.
Revenue
$174.7M
Net Income
$2.0M
Gross Margin
94.9%
Gross Profit
$165.9M
free cash flow
$13.5M
Operating Income
$0.8M
operating margin
0.4%