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WM Technology — Third Quarter 2026 Earnings Summary

  • Revenue declined to $38.5 million from $42.2 million year-over-year, with net loss widening to $5.9 million from prior year net income of $3.6 million; Adjusted EBITDA fell to $0.8 million from $7.6 million.
  • Guidance indicates fourth quarter 2026 revenue will decline by a low-single digit percentage compared to Q3, driven by market softness in Michigan, Colorado, and Oklahoma, though a new sponsored ad product is launching to support future revenue.
  • The company voluntarily delisted from Nasdaq and plans to deregister as an SEC reporting company to reduce compliance costs, while targeting strategic transactions for positive cash-flow assets and terminating late-paying clients.
  • Cash and cash equivalents decreased to $51.0 million from $62.4 million at year-end 2025, reflecting increased marketing spend and one-time expenses including a securities litigation settlement and workforce reduction severance.
Company
WM TECHNOLOGY INC
Sector
Technology
Industry
Software - Application