Earnings ·
WM Technology, Inc. reported financial results for the second quarter ended June 30, 2026, announcing Q2 revenue of…
MAPSWWM Technology, Inc.
WM Technology, Inc. reported financial results for the second quarter ended June 30, 2026, announcing Q2 revenue of $42.4 million and net income of $2.9 million. Revenue declined from $44.8 million in the prior year period, driven by a decrease in average monthly paying clients to 5,040 from 5,241 and lower revenues per client due to margin compression in established markets. Adjusted EBITDA decreased to $5.0 million from $11.7 million year-over-year, though the company sustained consecutive quarters of profitability. Cash reserves increased to $60.5 million as of June 30, 2026. The company provided third quarter 2026 revenue guidance, expecting a mid-single digit sequential decline. WM Technology operates in the cannabis industry, providing marketplace and technology solutions for consumers and licensed operators.