The earnings call presented a mixed picture with strong operational discipline leading to consecutive profitability and cash flow growth. However, challenges in revenue and market conditions, particularly in mature markets, pose ongoing risks. New client growth in emerging markets and strategic product developments are positive signs, yet legislative uncertainties and declining client spending in key areas weigh on future prospects.

Company Guidance -

Q3 2025

During the second quarter of 2025 earnings call for WM Technology, Inc., the company provided guidance reflecting the challenging environment within the cannabis industry. The company reported a revenue of $44.8 million, a 2% decline from the previous year, primarily due to reduced revenue from featured and deal listings products. Despite this, display advertising revenue increased, and the average monthly paying clients rose by 4% to 5,241, though the average monthly revenue per paying client declined by 6% to $2,852. The company maintained profitability with a net income of $2.2 million and non-GAAP adjusted EBITDA of $11.7 million, marking an 81% and 16% increase, respectively. The balance sheet showed $59 million in cash, with no debt, demonstrating financial stability amid market headwinds. Looking ahead, the third-quarter revenue is projected to be between $41 million and $43 million, with non-GAAP adjusted EBITDA expected to range from $5 million to $7 million. The company emphasizes disciplined execution and strategic investments to support future growth despite ongoing market volatility.

Consecutive Profitability and Cash Flow

The company delivered its 11th consecutive quarter of adjusted EBITDA profitability and its eighth consecutive quarter of positive cash flow, demonstrating strong operational rigor.

Growth in Emerging Markets

New client acquisition in emerging markets like New York and Ohio drove a 4% increase in average monthly paying clients, reaching 5,241 compared to 5,045 in the previous year.

Cash Position and Debt-Free Status

The company ended the quarter with $59 million in cash, marking the eighth consecutive quarter of cash growth, and continues to operate with no debt, providing flexibility for future investments.

Increase in Display Advertising Revenue

Despite market headwinds, the team successfully increased display advertising revenue, reallocating clients' marketing budgets towards diversified ad solutions.

New Product Developments

Significant progress in product development with new user-focused features, expanded premium placement opportunities, and advancements in AI and ML capabilities.

WM Technology (MAPS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MAPS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.03 / -	0.03	―	―	―
Aug 07, 2025	2025 (Q2)	0.04 / 0.01	0.01	0.00% (0.00)
May 08, 2025	2025 (Q1)	0.02 / 0.02	0.01	100.00% (+0.01)
Mar 13, 2025	2024 (Q4)	0.04 / 0.02	-0.006	433.33% (+0.03)
Nov 12, 2024	2024 (Q3)	0.03 / 0.03	-0.02	250.00% (+0.05)
Aug 08, 2024	2024 (Q2)	0.03 / 0.01	0.01	0.00% (0.00)
May 24, 2024	2024 (Q1)	0.00 / 0.01	-0.03	133.33% (+0.04)	―	―
Feb 21, 2024	2023 (Q4)	<0.01 / -	-1.19	―	―	―
Nov 08, 2023	2023 (Q3)	-0.02 / -0.02	-0.06	66.67% (+0.04)
Aug 08, 2023	2023 (Q2)	-0.03 / 0.01	0.13	-92.31% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MAPS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$0.90	$0.93	+3.33%
May 08, 2025	$1.17	$1.12	-4.27%
Mar 13, 2025	$1.17	$1.25	+6.84%
Nov 12, 2024	$0.72	$0.86	+19.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does WM Technology (MAPS) report earnings?

WM Technology (MAPS) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is WM Technology (MAPS) earnings time?

WM Technology (MAPS) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MAPS EPS forecast?

MAPS EPS forecast for the fiscal quarter 2025 (Q3) is 0.03.

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