WM TECHNOLOGY, INC. (MAPS) FY2025 10-K Annual Report

Filed: Mar 12, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

WM TECHNOLOGY, INC. (MAPS) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

WM TECHNOLOGY, INC. FY2025 10-K Analysis

Business Overview

  • Core business: online cannabis marketplace (Weedmaps) plus SaaS eCommerce and compliance solutions for cannabis retailers and brands
  • No new products or segments introduced; emphasis on expanding business listings and enhancing Weedmaps for Business platform functionality
+3 more insights

Risk Factors

  • Cybersecurity breach risk causing regulatory actions, litigation, fines, business disruptions, reputational harm, and revenue loss
  • CTO with 15+ years experience leads security team with 40+ collective years overseeing cybersecurity risk and compliance
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WM TECHNOLOGY, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$175M

-5.3% YoY

Net Income

$2M

-74.3% YoY

Operating Margin

0.4%

-755bp YoY

Net Margin

1.1%

-302bp YoY

ROE

3.4%

-1774bp YoY

Total Assets

$191M

+4.8% YoY

Operating Cash Flow

$26M

-28.6% YoY

Source: XBRL data from WM TECHNOLOGY, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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