WM Technology, Inc.(MAPS)Earnings, Financials & Key Ratios

MAPS•NASDAQ

$0.39

21.5× P/E·Price updated Jun 20, 2026

SectorTechnology IndustryApplication Software Sub-IndustryE-commerce platforms and retail enablement

AboutWM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.Show more

Revenue$175M-5.3%
EBITDA$28M-13.1%
Net Income$2M-74.3%
EPS (Diluted)0.02-77.0%
Gross Margin87.28%-8.2%
EBITDA Margin15.81%-8.3%
Operating Margin6.72%-15.9%
Net Margin1.12%-72.9%
ROE1.56%-77.2%

MAPS Price & Volume

WM Technology, Inc. (MAPS) stock price & volume — 10-year historical chart

Loading chart...

Persistent Revenue Contraction Challenges Operational Margin Scalability

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Strained

Financial:Healthy

Cash Flow:Deteriorating

Primary Risk:Regulatory and cyclical saturation

Key Thesis Takeaways

WM Technology faces a challenging outlook characterized by a -2.4% year-over-year revenue decline in 2026Q1 and an inability to translate its 94.9% gross margin into meaningful bottom-line profitability.
While the company maintains a conservative debt-to-equity ratio of 0.19, the erosion of free cash flow to a negative 3.0% margin suggests that the current marketplace model is struggling to navigate regulatory and competitive headwinds.
Investors should monitor whether the firm can stabilize its top-line trajectory or if the $61.3M in goodwill will require future impairment given the ongoing operational volatility.

Verdict Logic

the company's inability to maintain positive free cash flow, which hit negative 3.0% in 2026Q1, combined with persistent revenue contraction, suggests significant execution risk.

MAPS Growth Metrics

WM Technology, Inc. (MAPS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years1.55%

3 Years-6.76%

TTM-6%

Profit CAGR

10 Years-

5 Years-44.96%

3 Years-

TTM-81.53%

EPS CAGR

10 Years-

5 Years-50.18%

3 Years-

TTM-83.89%

Return on Capital

10 Years7.28%

5 Years-5.69%

3 Years1.71%

Last Year7.68%

Latest MAPS News

Recent stock market news and headlines for WM Technology, Inc. (MAPS)

Business Wire·Jun 24, 2026

WM Technology, Inc. Announced Adjournment of 2026 Annual Meeting of Stockholders

IRVINE, Calif.--(BUSINESS WIRE)--WM Technology, Inc. (“WM Technology” or the “Company”) (OTC: MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced that the Company's 2026 Annual Meeting of Stockholders (the “Annual Meeting”) held in virtual form on Wednesday, June 24, 2026 at 10:00 a.m. Pacific Time, was convened and adjourned until Thursday July 16, 2026 at 10:00 a.m. Pacific Time without any business being conducted. The Company adjourned th.

Peers Comparison

Key metrics vs top competitors for WM Technology, Inc. (MAPS)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
MAPSWM Technology, Inc.Current	$0.39	$67.48M	21.55	-5.32%	1.12%	1.56%	4.54%
TPVGTriplePoint Venture Growth BDC Corp.	$4.75	$192.85M	3.89	36.55%	-19.55%	-3.39%	—
IIPRInnovative Industrial Properties, Inc.	$61.81	$1.77B	15.73	-13.8%	45.58%	6.41%	—
GRWGGrowGeneration Corp.	$1.48	$88.93M	-3.70	-14.36%	-11.91%	-19.51%	—
HYFMHydrofarm Holdings Group, Inc.	$0.88	$4.19M	-0.01	-29.45%	-237.25%	-500.33%	—
CRONCronos Group Inc.	$2.75	$1.03B	-112.24	64.4%	-0.98%	-0.18%	—

Compare MAPS vs Peers

WM Technology, Inc. (MAPS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TPVG

Most directly comparable listed peer for MAPS.

Scale Benchmark

vs TRMK

Larger-name benchmark to compare MAPS against a more recognizable public peer.

Peer Set

Compare Top 5

vs TPVG, IIPR, GRWG, HYFM

MAPS SEC Filings & Documents

WM Technology, Inc. (MAPS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 11, 2026·SEC

Material company update

Apr 17, 2026·SEC

Material company update

Apr 7, 2026·SEC

10-K Annual Reports

FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 13, 2025·SEC

FY 2024

May 24, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 11, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

Get notified when MAPS posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

MAPS Frequently Asked Questions

WM Technology, Inc. (MAPS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is WM Technology, Inc.'s revenue?

WM Technology, Inc. (MAPS) reported $173.7M in revenue for fiscal year 2025. This represents a 71% increase from $101.4M in 2018.

How fast is WM Technology, Inc. growing?

WM Technology, Inc. (MAPS) saw revenue decline by 5.3% over the past year.

Is MAPS profitable?

Yes, WM Technology, Inc. (MAPS) is profitable, generating $1.5M in net income for fiscal year 2025 (1.1% net margin).

Dividend & Returns

Does MAPS pay dividends?

Yes, WM Technology, Inc. (MAPS) pays a dividend with a yield of 4.54%. This makes it attractive for income-focused investors.

What is MAPS's return on equity?

WM Technology, Inc. (MAPS) has a return on equity (ROE) of 1.6%. This is below average, suggesting room for improvement.

What is WM Technology, Inc.'s free cash flow?

WM Technology, Inc. (MAPS) generated $10.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MAPS back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

MAPSWM Technology, Inc.Current

$0.39

$67.48M

21.55

-5.32%

1.12%

1.56%

4.54%

TPVGTriplePoint Venture Growth BDC Corp.

$4.75

$192.85M

3.89

36.55%

-19.55%

-3.39%

—

IIPRInnovative Industrial Properties, Inc.

$61.81

$1.77B

15.73

-13.8%

45.58%

6.41%

—

GRWGGrowGeneration Corp.

$1.48

$88.93M

-3.70

-14.36%

-11.91%

-19.51%

—

HYFMHydrofarm Holdings Group, Inc.

$0.88

$4.19M

-0.01

-29.45%

-237.25%

-500.33%

—

CRONCronos Group Inc.

$2.75

$1.03B

-112.24

64.4%

-0.98%

-0.18%

—