WM Technology, Inc. Reports Strong Q2 2025 Results

Wm Technology, Inc. ( (MAPS) ) has released its Q2 earnings. Here is a breakdown of the information Wm Technology, Inc. presented to its investors.

WM Technology, Inc., a prominent marketplace and technology solutions provider in the cannabis industry, operates Weedmaps, a leading platform for cannabis consumers and businesses in the U.S. state-legal markets. The company is known for its advocacy for cannabis legalization and social equity.

In its second quarter of 2025 financial report, WM Technology, Inc. showcased a solid performance with significant growth in net income and adjusted EBITDA, despite a slight decline in overall revenues. The company highlighted its strong cash position and continued operational discipline amidst challenging market conditions.

Key financial metrics revealed that WM Technology’s adjusted EBITDA rose to $11.7 million, marking a 16% increase year-over-year, while net income surged by 81% to $2.2 million. The company also reported an increase in cash reserves to $59 million, although revenues slightly decreased to $44.8 million compared to the previous year. The growth in average monthly paying clients to 5,241 was offset by a decline in average monthly revenues per client due to market challenges.

Despite the pressures in established cannabis markets, WM Technology remains optimistic about its expansion into emerging markets and maintains a strategic approach to capital management. The company is focused on long-term growth and continues to invest in its business while navigating a dynamic market environment.

Looking ahead, WM Technology anticipates revenues between $41 million and $43 million for the third quarter of 2025, with an estimated non-GAAP adjusted EBITDA ranging from $5 million to $7 million. The company remains committed to executing its strategic goals and adapting to the evolving cannabis industry landscape.