Wm Technology, Inc. ( (MAPS) ) has released its Q1 earnings. Here is a breakdown of the information Wm Technology, Inc. presented to its investors.
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WM Technology, Inc. is a prominent marketplace and technology solutions provider in the cannabis industry, offering eCommerce and compliance software solutions through its Weedmaps platform. In its first-quarter 2025 earnings report, WM Technology reported a net income of $2.5 million, marking a 27% increase year-over-year, and highlighted its tenth consecutive quarter of adjusted EBITDA profitability. The company achieved revenues of $44.6 million, a slight increase from the previous year, driven by growth in its Weedmaps for Business solution and display advertising revenue. Despite challenges in the cannabis industry, the company maintained strong profitability through disciplined cost management and operational efficiency. WM Technology’s CEO, Doug Francis, emphasized the need for meaningful reform in the cannabis sector while focusing on delivering value through technology and data solutions. Looking ahead, the company projects second-quarter 2025 revenue of approximately $45 million and non-GAAP adjusted EBITDA of around $8 million, indicating a cautious yet optimistic outlook amid ongoing industry challenges.