WM Technology (MAPS) AI Stock Analysis

• Market Cap: $135.35M
• Dividend Yield: N/A
• Average Volume (3M): 759.01K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.82
• Revenue Growth: 0.59%
• EPS Growth: N/A
• Country: US
• Employees: 440
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.02
• Shares Outstanding: 107,897,130
• 10 Day Avg. Volume: 461,566
• 30 Day Avg. Volume: 759,008
• PEG Ratio: -0.10
• Price to Book (P/B): 3.68
• Price to Sales (P/S): 0.72
• P/FCF Ratio: 5.31
• Enterprise Value/Market Cap: 1.26
• Enterprise Value/Revenue: 0.95
• Enterprise Value/Gross Profit: 1.00
• Enterprise Value/Ebitda: 6.05
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): $175.60M

• Rating: 60 Neutral
• Price Target: $0.92 ▲(9.17% Upside)

WM Technology's overall stock score is primarily influenced by its financial performance and valuation. The company shows strong gross margins and reasonable valuation metrics, but faces challenges with declining revenue and weak technical indicators. The absence of earnings call data and notable corporate events limits additional insights.

Positive Factors

Strong Gross Margins

High gross margins indicate efficient cost management, allowing the company to maintain profitability even with revenue fluctuations.

Cash Growth and No Debt

A strong cash position and lack of debt provide financial flexibility, enabling strategic investments and resilience against market uncertainties.

Client Acquisition in Emerging Markets

Growth in emerging markets like New York and Ohio indicates successful market penetration, potentially leading to future revenue expansion.

Negative Factors

Declining Revenue

A declining revenue trend poses a risk to long-term growth, necessitating strategic adjustments to stabilize and increase revenue streams.

Challenges in Key Markets

Regulatory and economic pressures in major markets can limit revenue potential, requiring adaptation to maintain market position.

Regulatory Uncertainty in Hemp Market

Regulatory uncertainty can delay product expansion and impact strategic planning, hindering growth in the hemp segment.

WM Technology Business Overview & Revenue Model

Company Description

WM Technology, known for its flagship product MAPS, operates within the cannabis industry, providing a comprehensive platform for cannabis retailers and brands. The company specializes in software solutions that help businesses manage their operations, streamline compliance with regulations, and enhance customer engagement. WM Technology's offerings include point-of-sale systems, inventory management, and marketing tools tailored for the unique needs of cannabis businesses, making it a crucial player in the sector.

How the Company Makes Money

WM Technology generates revenue primarily through subscription fees for its software services, which provide cannabis retailers with essential tools for their operations. The company also earns money through transaction fees on sales processed through its platform. Additionally, WM Technology has established partnerships with various cannabis brands and retailers, enhancing its service offerings and driving further revenue through integrated marketing services and analytics solutions. The growth of the legal cannabis market and the increasing demand for technology solutions in this sector significantly contribute to its earnings.

WM Technology Financial Statement Overview

Summary

WM Technology demonstrates strong gross margins and improving profitability metrics, but faces challenges with declining revenue and inconsistent cash flow performance. The balance sheet shows signs of improvement in leverage, but the company needs to address its revenue growth and cash flow stability to ensure long-term financial health.

Income Statement

WM Technology shows a strong gross profit margin of over 95% consistently, indicating efficient cost management. However, the company has experienced declining revenue growth, with a significant drop in the TTM period. Net profit margins have improved recently but remain modest. The EBIT and EBITDA margins are positive, showing operational profitability, but the declining revenue trend is a concern.

Balance Sheet

The company has managed to reduce its debt-to-equity ratio over time, indicating improved financial leverage. However, the return on equity has been volatile, with recent improvements. The equity ratio is relatively low, suggesting potential financial risk. Overall, the balance sheet shows some improvement but remains a concern due to past high leverage.

Cash Flow

WM Technology's cash flow performance is mixed. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to earnings. However, free cash flow growth has been negative recently, and the free cash flow to net income ratio shows some inconsistency. The company needs to stabilize its cash flow generation to improve its financial health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	179.31M	184.51M	187.99M	215.53M	193.15M	161.79M
Gross Profit	170.38M	175.50M	175.47M	200.12M	185.21M	154.16M
EBITDA	28.08M	31.80M	23.01M	-49.15M	-1.38M	45.18M
Net Income	7.88M	7.64M	-9.90M	-115.99M	60.38M	38.83M
Balance Sheet
Total Assets	192.91M	181.87M	167.02M	199.03M	365.14M	53.89M
Cash, Cash Equivalents and Short-Term Investments	62.59M	51.97M	34.35M	28.58M	67.78M	19.92M
Total Debt	27.44M	30.09M	33.04M	39.38M	44.84M	205.00K
Total Liabilities	57.55M	61.80M	63.87M	84.26M	233.20M	24.62M
Stockholders Equity	56.91M	36.08M	16.38M	13.38M	63.56M	29.27M
Cash Flow
Free Cash Flow	17.50M	25.04M	11.06M	-27.68M	15.16M	37.92M
Operating Cash Flow	26.13M	36.68M	22.93M	-11.62M	23.09M	39.24M
Investing Cash Flow	-8.63M	-11.64M	-11.87M	-17.77M	-30.43M	-1.31M
Financing Cash Flow	-3.59M	-7.42M	-5.29M	-9.80M	55.20M	-22.97M

WM Technology Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.84
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAPS, the sentiment is Neutral. The current price of 0.84 is below the 20-day moving average (MA) of 0.86, below the 50-day MA of 1.00, and below the 200-day MA of 1.08, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.92 is Neutral, neither overbought nor oversold. The STOCH value of 56.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MAPS.

WM Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMRT	62 Neutral	$357.59M	―	-25.48%	―	-24.30%	-181.62%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
MAPS	60 Neutral	$135.35M	11.77	18.24%	―	0.59%	―
ONTF	59 Neutral	$256.23M	―	-20.20%	―	-6.23%	28.57%
NRDY	48 Neutral	$245.41M	―	-120.79%	―	-9.86%	0.87%
FRGE	48 Neutral	$610.38M	―	-28.65%	―	16.40%	22.80%
PSQH	46 Neutral	$62.42M	―	-451.95%	―	35.79%	14.85%

WM Technology Corporate Events

WM Technology, Inc. Reports Strong Cash Position Amid Revenue Decline

WM Technology, Inc. is a prominent marketplace and technology solutions provider for the cannabis industry, offering eCommerce and compliance software solutions to cannabis businesses and brands in U.S. state-legal markets.

WM Technology Board Member Olga Gonzalez Resigns

On August 25, 2025, Olga Gonzalez announced her resignation from WM Technology, Inc.’s board of directors and all related committees, effective September 2, 2025. Her decision was not due to any disagreements with the company’s operations, policies, or practices.

The most recent analyst rating on (MAPS) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on WM Technology stock, see the MAPS Stock Forecast page.

WM Technology Board Member Tony Aquila Resigns

On August 13, 2025, Tony Aquila announced his resignation from the board of directors and all committees of WM Technology, Inc., effective September 2, 2025. His departure was not due to any disagreements with the company or issues related to its operations, policies, or practices.

The most recent analyst rating on (MAPS) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on WM Technology stock, see the MAPS Stock Forecast page.

Wm Technology, Inc. Navigates Mixed Earnings Call

The recent earnings call for Wm Technology, Inc. painted a mixed picture of the company’s current standing and future prospects. While the company demonstrated strong operational discipline with consecutive profitability and cash flow growth, challenges in revenue and market conditions, especially in mature markets, continue to pose risks. Positive signs include new client growth in emerging markets and strategic product developments, yet legislative uncertainties and declining client spending in key areas weigh on future prospects.