WM Technology, Inc. (MAPS) 10-Year Financial Performance & Capital Metrics

MAPS • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementDigital Advertising

AboutWM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.Show more

Revenue $185M -1.9%
EBITDA $32M +2380.8%
Net Income $8M +177.2%
EPS (Diluted) 0.08 +171.5%
Gross Margin 95.11% +1.9%
EBITDA Margin 17.23% +2423.9%
Operating Margin 7.99% +181.4%
Net Margin 4.14% +178.6%
ROE 6.84% +175.3%
ROIC 11.06% +190.8%
Debt/Equity 0.25 -21.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 0.1%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y5.05%

3Y-1.51%

TTM0.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-49.8%

TTM532.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM446.41%

ROCE

10Y Avg7.22%

5Y Avg-1.41%

3Y Avg-10.52%

Latest10.36%

Peer Comparison

Digital Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	1.54B	11.88	214.83	22.47%	-1.05%	-1.51%	2.8%	0.05
APPAppLovin Corporation	186.71B	606.99	133.99	43.44%	51.28%	192.05%	1.12%	3.26
DSPViant Technology Inc.	199.15M	11.94	99.50	29.74%	1.85%	2.32%	24.74%	0.09
VTEXVtex	327.46M	3.37	54.01	12.5%	7.03%	6.81%	7.69%	0.01
TTDThe Trade Desk, Inc.	15.95B	36.23	46.45	25.63%	15.72%	16.86%	3.96%	0.11
PUBMPubMatic, Inc.	299.11M	7.84	34.09	9.08%	-2.51%	-2.96%	11.67%	0.16
DVDoubleVerify Holdings, Inc.	1.7B	10.56	33	14.72%	6.1%	4.16%	7.79%	0.08
MTCHMatch Group, Inc.	7.46B	31.60	15.64	3.41%	16.2%		11.83%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	101.4M	144.23M	161.79M	193.15M	215.53M	187.99M	184.51M
Revenue Growth %	-	0.42%	0.12%	0.19%	0.12%	-0.13%	-0.02%
Cost of Goods Sold+	6.3M	7.07M	7.63M	7.94M	15.41M	12.53M	9.02M
COGS % of Revenue	0.06%	0.05%	0.05%	0.04%	0.07%	0.07%	0.05%
Gross Profit+	95.1M	137.16M	154.16M	185.21M	200.12M	175.47M	175.5M
Gross Margin %	0.94%	0.95%	0.95%	0.96%	0.93%	0.93%	0.95%
Gross Profit Growth %	-	0.44%	0.12%	0.2%	0.08%	-0.12%	0%
Operating Expenses+	80.12M	130.87M	112.96M	193.39M	269.75M	193.92M	160.75M
OpEx % of Revenue	0.79%	0.91%	0.7%	1%	1.25%	1.03%	0.87%
Selling, General & Admin	56.73M	96.21M	81.84M	151.19M	203.41M	121.39M	111.04M
SG&A % of Revenue	0.56%	0.67%	0.51%	0.78%	0.94%	0.65%	0.6%
Research & Development	20.03M	29.5M	27.14M	35.4M	50.52M	36M	36.43M
R&D % of Revenue	0.2%	0.2%	0.17%	0.18%	0.23%	0.19%	0.2%
Other Operating Expenses	2.15M	5.16M	3.98M	6.8M	15.81M	36.54M	13.28M
Operating Income+	16.18M	6.29M	41.2M	-8.18M	-69.62M	-18.46M	14.75M
Operating Margin %	0.16%	0.04%	0.25%	-0.04%	-0.32%	-0.1%	0.08%
Operating Income Growth %	-	-0.61%	5.55%	-1.2%	-7.51%	0.73%	1.8%
EBITDA+	18.33M	11.45M	45.18M	-3.75M	-53.47M	-1.39M	31.8M
EBITDA Margin %	0.18%	0.08%	0.28%	-0.02%	-0.25%	-0.01%	0.17%
EBITDA Growth %	-	-0.38%	2.95%	-1.08%	-13.25%	0.97%	23.81%
D&A (Non-Cash Add-back)	2.15M	5.16M	3.98M	4.42M	16.15M	17.06M	17.05M
EBIT	16.18M	6.29M	41.2M	-5.81M	-65.31M	5.95M	14.75M
Net Interest Income+	0	1.81M	0	0	0	0	0
Interest Income	621.46K	1.81M	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0
Other Income/Expense	-1.83M	-5.34M	-2.37M	159.79M	166.05M	2.82M	-2.52M
Pretax Income+	14.35M	946K	38.83M	151.62M	96.43M	-15.63M	12.23M
Pretax Margin %	0.14%	0.01%	0.24%	0.78%	0.45%	-0.08%	0.07%
Income Tax+	0	1.32M	0	-601K	179.08M	93K	46K
Effective Tax Rate %	1%	-0.4%	1%	0.4%	-1.2%	0.63%	0.62%
Net Income+	14.35M	-375K	38.83M	60.38M	-115.99M	-9.9M	7.64M
Net Margin %	0.14%	-0%	0.24%	0.31%	-0.54%	-0.05%	0.04%
Net Income Growth %	-	-1.03%	104.55%	0.56%	-2.92%	0.91%	1.77%
Net Income (Continuing)	14.35M	-375K	38.83M	152.22M	-82.65M	-15.73M	12.19M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	68.38M	101.4M	86.77M	83.99M
EPS (Diluted)+	2.08	-0.01	0.59	-0.18	-1.36	-0.11	0.08
EPS Growth %	-	-1.01%	50.17%	-1.31%	-6.56%	0.92%	1.72%
EPS (Basic)	2.08	-0.01	0.59	0.93	-1.36	-0.11	0.08
Diluted Shares Outstanding	6.91M	31.25M	65.68M	66.81M	85.03M	93.25M	97.1M
Basic Shares Outstanding	6.91M	31.25M	65.68M	65.01M	85.03M	93.25M	96.25M
Dividend Payout Ratio	0.8%	-	0.57%	0.31%	-	-	1.01%

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	28.3M	1.15M	34.17M	98.93M	54.98M	51.49M	69.51M
Cash & Short-Term Investments	25.77M	894.59K	19.92M	67.78M	28.58M	34.35M	51.97M
Cash Only	25.77M	894.59K	19.92M	67.78M	28.58M	34.35M	51.97M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	1.36M	3.93M	9.43M	17.55M	17.44M	11.16M	10.06M
Days Sales Outstanding	4.89	9.94	21.27	33.17	29.53	21.66	19.9
Inventory	0	-3.93M	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	0	0	0	1.83M	1.01M	2.41M	3.16M
Total Non-Current Assets+	19.76M	251.92M	19.73M	266.21M	144.05M	115.53M	112.35M
Property, Plant & Equipment	8.28M	9.16M	7.39M	49.83M	56.38M	39.88M	38.77M
Fixed Asset Turnover	12.24x	15.75x	21.90x	3.88x	3.82x	4.71x	4.76x
Goodwill	3.96M	3.96M	3.96M	45.3M	68.37M	68.37M	68.37M
Intangible Assets	6.31M	5.4M	4.5M	8.3M	10.34M	2.51M	1.95M
Long-Term Investments	0	251.92M	0	0	3.5M	300K	0
Other Non-Current Assets	1.21M	4.55M	3.87M	10.69M	8.97M	4.48M	3.26M
Total Assets+	48.06M	253.08M	53.89M	365.14M	199.03M	167.02M	181.87M
Asset Turnover	2.11x	0.57x	3.00x	0.53x	1.08x	1.13x	1.01x
Asset Growth %	-	4.27%	-0.79%	5.78%	-0.45%	-0.16%	0.09%
Total Current Liabilities+	17.64M	96.89K	23.25M	37.8M	46.32M	33.72M	30.43M
Accounts Payable	7.31M	12.01M	2.24M	4.3M	4.34M	7.32M	7.47M
Days Payables Outstanding	423.52	619.5	107.35	197.63	102.84	213.37	302.15
Short-Term Debt	5.23M	0	205K	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.1M	-14.79M	5.13M	11.21M	24.17M	122K	11.18M
Current Ratio	1.60x	11.89x	1.47x	2.62x	1.19x	1.53x	2.28x
Quick Ratio	1.60x	52.44x	1.47x	2.62x	1.19x	1.53x	2.28x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	22.01M	1.37M	195.4M	37.94M	30.16M	31.37M
Long-Term Debt	0	205.32K	0	0	0	0	0
Capital Lease Obligations	0	0	0	39.38M	33.04M	26.55M	26.6M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	21.8M	1.37M	156.03M	4.89M	3.6M	4.76M
Total Liabilities	17.64M	22.11M	24.62M	233.2M	84.26M	63.87M	61.8M
Total Debt+	5.23M	205.32K	205K	44.84M	39.38M	33.04M	30.09M
Net Debt	-20.55M	-689.26K	-19.71M	-22.94M	10.79M	-1.31M	-21.87M
Debt / Equity	0.17x	0.00x	0.01x	0.34x	0.34x	0.32x	0.25x
Debt / EBITDA	0.29x	0.02x	0.00x	-	-	-	0.95x
Net Debt / EBITDA	-1.12x	-0.06x	-0.44x	-	-	-	-0.69x
Interest Coverage	-	-	-	-	-	-	-
Total Equity+	30.12M	230.97M	29.27M	131.94M	114.78M	103.15M	120.07M
Equity Growth %	-	6.67%	-0.87%	3.51%	-0.13%	-0.1%	0.16%
Book Value per Share	4.36	7.39	0.45	1.97	1.35	1.11	1.24
Total Shareholders' Equity	30.12M	230.97M	29.27M	63.56M	13.38M	16.38M	36.08M
Common Stock	21.51M	225.97M	29.27M	14K	14K	14K	15K
Retained Earnings	8.61M	5M	0	61.37M	-54.62M	-64.52M	-56.88M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0
Minority Interest	0	0	0	68.38M	101.4M	86.77M	83.99M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	17.69M	6.29M	39.24M	23.09M	-11.62M	22.93M	36.68M
Operating CF Margin %	0.17%	0.04%	0.24%	0.12%	-0.05%	0.12%	0.2%
Operating CF Growth %	-	-0.64%	5.23%	-0.41%	-1.5%	2.97%	0.6%
Net Income	12.68M	-375K	38.83M	152.22M	-82.65M	-9.9M	12.19M
Depreciation & Amortization	2.15M	5.16M	3.98M	4.42M	11.5M	17.06M	17.05M
Stock-Based Compensation	0	0	0	29.32M	23.49M	13.52M	9.22M
Deferred Taxes	0	0	0	-842K	179.08M	0	2.77M
Other Non-Cash Items	2.43M	180K	1.27M	-158.66M	-146.19M	16.41M	-71K
Working Capital Changes	428.86K	1.33M	-4.84M	-3.37M	3.15M	-14.16M	-4.48M
Change in Receivables	-432.1K	-2.75M	-6.77M	-13.61M	-16.27M	4.49M	1.06M
Change in Inventory	0	0	-3.06M	480K	0	0	0
Change in Payables	0	0	3.06M	-480K	14.08M	-15.28M	996K
Cash from Investing+	-2.12M	-5.13M	-1.31M	-30.43M	-17.77M	-11.87M	-11.64M
Capital Expenditures	-2.12M	-5.13M	-1.31M	-7.93M	-16.05M	-11.87M	-11.64M
CapEx % of Revenue	0.02%	0.04%	0.01%	0.04%	0.07%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	0	250M	0	-22.5M	0	0	0
Cash from Financing+	3.24M	-21.97M	-22.97M	55.2M	-9.8M	-5.29M	-7.42M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	-11.42M	-15.38M	-21.95M	-19M	-2.45M	-4.22M	-7.68M
Share Repurchases	-	-	-	-	-	-	-
Other Financing	19.3M	0	0	79.97M	0	384K	263K
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	15.57M	1.17M	37.92M	15.16M	-27.68M	11.06M	25.04M
FCF Margin %	0.15%	0.01%	0.23%	0.08%	-0.13%	0.06%	0.14%
FCF Growth %	-	-0.93%	31.53%	-0.6%	-2.83%	1.4%	1.26%
FCF per Share	2.25	0.04	0.58	0.23	-0.33	0.12	0.26
FCF Conversion (FCF/Net Income)	1.23x	-16.79x	1.01x	0.38x	0.10x	-2.32x	4.80x
Interest Paid	0	157K	0	0	0	0	0
Taxes Paid	0	118K	1.34M	242K	0	38K	52K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	47.65%	-0.29%	29.84%	74.91%	-94.03%	-9.08%	6.84%
Return on Invested Capital (ROIC)	-	3.93%	25.77%	-10.35%	-44.52%	-12.17%	11.06%
Gross Margin	93.78%	95.1%	95.28%	95.89%	92.85%	93.34%	95.11%
Net Margin	14.16%	-0.26%	24%	31.26%	-53.82%	-5.27%	4.14%
Debt / Equity	0.17x	0.00x	0.01x	0.34x	0.34x	0.32x	0.25x
FCF Conversion	1.23x	-16.79x	1.01x	0.38x	0.10x	-2.32x	4.80x
Revenue Growth	-	42.24%	12.17%	19.38%	11.59%	-12.78%	-1.85%

Revenue by Segment

	2021	2022	2023	2024
Service	-	200.28M	173.28M	169.19M
Service Growth	-	-	-13.48%	-2.36%
Product and Service, Other	-	15.25M	14.72M	15.32M
Product and Service, Other Growth	-	-	-3.48%	4.11%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	193.15M	215.47M	-	-
UNITED STATES Growth	-	11.56%	-	-
CANADA	-	60K	-	-
CANADA Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

WM Technology, Inc. (MAPS) has a price-to-earnings (P/E) ratio of 10.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

WM Technology, Inc. (MAPS) reported $179.3M in revenue for fiscal year 2024. This represents a 77% increase from $101.4M in 2018.

WM Technology, Inc. (MAPS) saw revenue decline by 1.9% over the past year.

Yes, WM Technology, Inc. (MAPS) is profitable, generating $7.9M in net income for fiscal year 2024 (4.1% net margin).

Dividend & Returns

Yes, WM Technology, Inc. (MAPS) pays a dividend with a yield of 9.43%. This makes it attractive for income-focused investors.

WM Technology, Inc. (MAPS) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

WM Technology, Inc. (MAPS) generated $17.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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WM Technology, Inc. (MAPS) 10-Year Financial Performance & Capital Metrics

MAPS • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementDigital Advertising

Revenue $185M -1.9%
EBITDA $32M +2380.8%
Net Income $8M +177.2%
EPS (Diluted) 0.08 +171.5%
Gross Margin 95.11% +1.9%
EBITDA Margin 17.23% +2423.9%
Operating Margin 7.99% +181.4%
Net Margin 4.14% +178.6%
ROE 6.84% +175.3%
ROIC 11.06% +190.8%
Debt/Equity 0.25 -21.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Dividend payout exceeds 100% of earnings
✗Thin 5Y average net margin of 0.1%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y5.05%

3Y-1.51%

TTM0.59%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-49.8%

TTM532.53%

EPS CAGR

10Y-

5Y-

3Y-

TTM446.41%

ROCE

10Y Avg7.22%

5Y Avg-1.41%

3Y Avg-10.52%

Latest10.36%

Peer Comparison

Digital Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	1.54B	11.88	214.83	22.47%	-1.05%	-1.51%	2.8%	0.05
APPAppLovin Corporation	186.71B	606.99	133.99	43.44%	51.28%	192.05%	1.12%	3.26
DSPViant Technology Inc.	199.15M	11.94	99.50	29.74%	1.85%	2.32%	24.74%	0.09
VTEXVtex	327.46M	3.37	54.01	12.5%	7.03%	6.81%	7.69%	0.01
TTDThe Trade Desk, Inc.	15.95B	36.23	46.45	25.63%	15.72%	16.86%	3.96%	0.11
PUBMPubMatic, Inc.	299.11M	7.84	34.09	9.08%	-2.51%	-2.96%	11.67%	0.16
DVDoubleVerify Holdings, Inc.	1.7B	10.56	33	14.72%	6.1%	4.16%	7.79%	0.08
MTCHMatch Group, Inc.	7.46B	31.60	15.64	3.41%	16.2%		11.83%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	101.4M	144.23M	161.79M	193.15M	215.53M	187.99M	184.51M
Revenue Growth %	-	0.42%	0.12%	0.19%	0.12%	-0.13%	-0.02%
Cost of Goods Sold+	6.3M	7.07M	7.63M	7.94M	15.41M	12.53M	9.02M
COGS % of Revenue	0.06%	0.05%	0.05%	0.04%	0.07%	0.07%	0.05%
Gross Profit+	95.1M	137.16M	154.16M	185.21M	200.12M	175.47M	175.5M
Gross Margin %	0.94%	0.95%	0.95%	0.96%	0.93%	0.93%	0.95%
Gross Profit Growth %	-	0.44%	0.12%	0.2%	0.08%	-0.12%	0%
Operating Expenses+	80.12M	130.87M	112.96M	193.39M	269.75M	193.92M	160.75M
OpEx % of Revenue	0.79%	0.91%	0.7%	1%	1.25%	1.03%	0.87%
Selling, General & Admin	56.73M	96.21M	81.84M	151.19M	203.41M	121.39M	111.04M
SG&A % of Revenue	0.56%	0.67%	0.51%	0.78%	0.94%	0.65%	0.6%
Research & Development	20.03M	29.5M	27.14M	35.4M	50.52M	36M	36.43M
R&D % of Revenue	0.2%	0.2%	0.17%	0.18%	0.23%	0.19%	0.2%
Other Operating Expenses	2.15M	5.16M	3.98M	6.8M	15.81M	36.54M	13.28M
Operating Income+	16.18M	6.29M	41.2M	-8.18M	-69.62M	-18.46M	14.75M
Operating Margin %	0.16%	0.04%	0.25%	-0.04%	-0.32%	-0.1%	0.08%
Operating Income Growth %	-	-0.61%	5.55%	-1.2%	-7.51%	0.73%	1.8%
EBITDA+	18.33M	11.45M	45.18M	-3.75M	-53.47M	-1.39M	31.8M
EBITDA Margin %	0.18%	0.08%	0.28%	-0.02%	-0.25%	-0.01%	0.17%
EBITDA Growth %	-	-0.38%	2.95%	-1.08%	-13.25%	0.97%	23.81%
D&A (Non-Cash Add-back)	2.15M	5.16M	3.98M	4.42M	16.15M	17.06M	17.05M
EBIT	16.18M	6.29M	41.2M	-5.81M	-65.31M	5.95M	14.75M
Net Interest Income+	0	1.81M	0	0	0	0	0
Interest Income	621.46K	1.81M	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0
Other Income/Expense	-1.83M	-5.34M	-2.37M	159.79M	166.05M	2.82M	-2.52M
Pretax Income+	14.35M	946K	38.83M	151.62M	96.43M	-15.63M	12.23M
Pretax Margin %	0.14%	0.01%	0.24%	0.78%	0.45%	-0.08%	0.07%
Income Tax+	0	1.32M	0	-601K	179.08M	93K	46K
Effective Tax Rate %	1%	-0.4%	1%	0.4%	-1.2%	0.63%	0.62%
Net Income+	14.35M	-375K	38.83M	60.38M	-115.99M	-9.9M	7.64M
Net Margin %	0.14%	-0%	0.24%	0.31%	-0.54%	-0.05%	0.04%
Net Income Growth %	-	-1.03%	104.55%	0.56%	-2.92%	0.91%	1.77%
Net Income (Continuing)	14.35M	-375K	38.83M	152.22M	-82.65M	-15.73M	12.19M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	68.38M	101.4M	86.77M	83.99M
EPS (Diluted)+	2.08	-0.01	0.59	-0.18	-1.36	-0.11	0.08
EPS Growth %	-	-1.01%	50.17%	-1.31%	-6.56%	0.92%	1.72%
EPS (Basic)	2.08	-0.01	0.59	0.93	-1.36	-0.11	0.08
Diluted Shares Outstanding	6.91M	31.25M	65.68M	66.81M	85.03M	93.25M	97.1M
Basic Shares Outstanding	6.91M	31.25M	65.68M	65.01M	85.03M	93.25M	96.25M
Dividend Payout Ratio	0.8%	-	0.57%	0.31%	-	-	1.01%

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	28.3M	1.15M	34.17M	98.93M	54.98M	51.49M	69.51M
Cash & Short-Term Investments	25.77M	894.59K	19.92M	67.78M	28.58M	34.35M	51.97M
Cash Only	25.77M	894.59K	19.92M	67.78M	28.58M	34.35M	51.97M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	1.36M	3.93M	9.43M	17.55M	17.44M	11.16M	10.06M
Days Sales Outstanding	4.89	9.94	21.27	33.17	29.53	21.66	19.9
Inventory	0	-3.93M	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	0	0	0	1.83M	1.01M	2.41M	3.16M
Total Non-Current Assets+	19.76M	251.92M	19.73M	266.21M	144.05M	115.53M	112.35M
Property, Plant & Equipment	8.28M	9.16M	7.39M	49.83M	56.38M	39.88M	38.77M
Fixed Asset Turnover	12.24x	15.75x	21.90x	3.88x	3.82x	4.71x	4.76x
Goodwill	3.96M	3.96M	3.96M	45.3M	68.37M	68.37M	68.37M
Intangible Assets	6.31M	5.4M	4.5M	8.3M	10.34M	2.51M	1.95M
Long-Term Investments	0	251.92M	0	0	3.5M	300K	0
Other Non-Current Assets	1.21M	4.55M	3.87M	10.69M	8.97M	4.48M	3.26M
Total Assets+	48.06M	253.08M	53.89M	365.14M	199.03M	167.02M	181.87M
Asset Turnover	2.11x	0.57x	3.00x	0.53x	1.08x	1.13x	1.01x
Asset Growth %	-	4.27%	-0.79%	5.78%	-0.45%	-0.16%	0.09%
Total Current Liabilities+	17.64M	96.89K	23.25M	37.8M	46.32M	33.72M	30.43M
Accounts Payable	7.31M	12.01M	2.24M	4.3M	4.34M	7.32M	7.47M
Days Payables Outstanding	423.52	619.5	107.35	197.63	102.84	213.37	302.15
Short-Term Debt	5.23M	0	205K	0	0	0	0
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.1M	-14.79M	5.13M	11.21M	24.17M	122K	11.18M
Current Ratio	1.60x	11.89x	1.47x	2.62x	1.19x	1.53x	2.28x
Quick Ratio	1.60x	52.44x	1.47x	2.62x	1.19x	1.53x	2.28x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	22.01M	1.37M	195.4M	37.94M	30.16M	31.37M
Long-Term Debt	0	205.32K	0	0	0	0	0
Capital Lease Obligations	0	0	0	39.38M	33.04M	26.55M	26.6M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	21.8M	1.37M	156.03M	4.89M	3.6M	4.76M
Total Liabilities	17.64M	22.11M	24.62M	233.2M	84.26M	63.87M	61.8M
Total Debt+	5.23M	205.32K	205K	44.84M	39.38M	33.04M	30.09M
Net Debt	-20.55M	-689.26K	-19.71M	-22.94M	10.79M	-1.31M	-21.87M
Debt / Equity	0.17x	0.00x	0.01x	0.34x	0.34x	0.32x	0.25x
Debt / EBITDA	0.29x	0.02x	0.00x	-	-	-	0.95x
Net Debt / EBITDA	-1.12x	-0.06x	-0.44x	-	-	-	-0.69x
Interest Coverage	-	-	-	-	-	-	-
Total Equity+	30.12M	230.97M	29.27M	131.94M	114.78M	103.15M	120.07M
Equity Growth %	-	6.67%	-0.87%	3.51%	-0.13%	-0.1%	0.16%
Book Value per Share	4.36	7.39	0.45	1.97	1.35	1.11	1.24
Total Shareholders' Equity	30.12M	230.97M	29.27M	63.56M	13.38M	16.38M	36.08M
Common Stock	21.51M	225.97M	29.27M	14K	14K	14K	15K
Retained Earnings	8.61M	5M	0	61.37M	-54.62M	-64.52M	-56.88M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0
Minority Interest	0	0	0	68.38M	101.4M	86.77M	83.99M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	17.69M	6.29M	39.24M	23.09M	-11.62M	22.93M	36.68M
Operating CF Margin %	0.17%	0.04%	0.24%	0.12%	-0.05%	0.12%	0.2%
Operating CF Growth %	-	-0.64%	5.23%	-0.41%	-1.5%	2.97%	0.6%
Net Income	12.68M	-375K	38.83M	152.22M	-82.65M	-9.9M	12.19M
Depreciation & Amortization	2.15M	5.16M	3.98M	4.42M	11.5M	17.06M	17.05M
Stock-Based Compensation	0	0	0	29.32M	23.49M	13.52M	9.22M
Deferred Taxes	0	0	0	-842K	179.08M	0	2.77M
Other Non-Cash Items	2.43M	180K	1.27M	-158.66M	-146.19M	16.41M	-71K
Working Capital Changes	428.86K	1.33M	-4.84M	-3.37M	3.15M	-14.16M	-4.48M
Change in Receivables	-432.1K	-2.75M	-6.77M	-13.61M	-16.27M	4.49M	1.06M
Change in Inventory	0	0	-3.06M	480K	0	0	0
Change in Payables	0	0	3.06M	-480K	14.08M	-15.28M	996K
Cash from Investing+	-2.12M	-5.13M	-1.31M	-30.43M	-17.77M	-11.87M	-11.64M
Capital Expenditures	-2.12M	-5.13M	-1.31M	-7.93M	-16.05M	-11.87M	-11.64M
CapEx % of Revenue	0.02%	0.04%	0.01%	0.04%	0.07%	0.06%	0.06%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	0	250M	0	-22.5M	0	0	0
Cash from Financing+	3.24M	-21.97M	-22.97M	55.2M	-9.8M	-5.29M	-7.42M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	-11.42M	-15.38M	-21.95M	-19M	-2.45M	-4.22M	-7.68M
Share Repurchases	-	-	-	-	-	-	-
Other Financing	19.3M	0	0	79.97M	0	384K	263K
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	15.57M	1.17M	37.92M	15.16M	-27.68M	11.06M	25.04M
FCF Margin %	0.15%	0.01%	0.23%	0.08%	-0.13%	0.06%	0.14%
FCF Growth %	-	-0.93%	31.53%	-0.6%	-2.83%	1.4%	1.26%
FCF per Share	2.25	0.04	0.58	0.23	-0.33	0.12	0.26
FCF Conversion (FCF/Net Income)	1.23x	-16.79x	1.01x	0.38x	0.10x	-2.32x	4.80x
Interest Paid	0	157K	0	0	0	0	0
Taxes Paid	0	118K	1.34M	242K	0	38K	52K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	47.65%	-0.29%	29.84%	74.91%	-94.03%	-9.08%	6.84%
Return on Invested Capital (ROIC)	-	3.93%	25.77%	-10.35%	-44.52%	-12.17%	11.06%
Gross Margin	93.78%	95.1%	95.28%	95.89%	92.85%	93.34%	95.11%
Net Margin	14.16%	-0.26%	24%	31.26%	-53.82%	-5.27%	4.14%
Debt / Equity	0.17x	0.00x	0.01x	0.34x	0.34x	0.32x	0.25x
FCF Conversion	1.23x	-16.79x	1.01x	0.38x	0.10x	-2.32x	4.80x
Revenue Growth	-	42.24%	12.17%	19.38%	11.59%	-12.78%	-1.85%

Revenue by Segment

	2021	2022	2023	2024
Service	-	200.28M	173.28M	169.19M
Service Growth	-	-	-13.48%	-2.36%
Product and Service, Other	-	15.25M	14.72M	15.32M
Product and Service, Other Growth	-	-	-3.48%	4.11%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	193.15M	215.47M	-	-
UNITED STATES Growth	-	11.56%	-	-
CANADA	-	60K	-	-
CANADA Growth	-	-	-	-

Frequently Asked Questions

Valuation & Price

WM Technology, Inc. (MAPS) has a price-to-earnings (P/E) ratio of 10.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

WM Technology, Inc. (MAPS) reported $179.3M in revenue for fiscal year 2024. This represents a 77% increase from $101.4M in 2018.

WM Technology, Inc. (MAPS) saw revenue decline by 1.9% over the past year.

Yes, WM Technology, Inc. (MAPS) is profitable, generating $7.9M in net income for fiscal year 2024 (4.1% net margin).

Dividend & Returns

Yes, WM Technology, Inc. (MAPS) pays a dividend with a yield of 9.43%. This makes it attractive for income-focused investors.

WM Technology, Inc. (MAPS) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

WM Technology, Inc. (MAPS) generated $17.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.