MAPS on OTC

WM TECHNOLOGY, INC.

Prepackaged software services company in the Cayman Islands. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$174.7MRevenue, fiscal 20252
$2.0MNet income, fiscal 20252

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  • TickerMAPS on OTC1
  • IndustryServices-Prepackaged Software1
  • HeadquartersIrvine, California1
  • Incorporated inCayman Islands3
  • Business address41 Discovery, Irvine, Ca 926183
  • Filer categoryAccelerated filer, Smaller reporting company3

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Founded in 2008, and headquartered in Irvine, California, WM Technology, Inc. operates a leading online cannabis marketplace for consumers together with a comprehensive set of eCommerce and compliance software solutions for cannabis businesses, which are sold to both storefront locations and delivery operators (“retailers”) and brands in the legalized cannabis markets in states and territories of the United States. Our comprehensive business-to-consumer and business-to-business suite of products afford cannabis retailers and brands of all sizes integrated tools to compliantly run their businesses and to reach, convert, and retain consumers.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.4%Operating margin2
1.1%Net margin2
-5.3%Revenue growth, 20252
3.4%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Featured Listing brought in 61% of the revenue WM TECHNOLOGY, INC. broke down this way in fiscal 2025.

  1. Featured Listing$106.1M261%down 8% from 2024
  2. Weedmaps for Business and other SaaS solutions$53.3M231%down 2% from 2024
  3. Product and Service, Other$15.3M29%down 0% from 2024
Products and services by year
Products and services20242025
Featured Listing$115.0M$106.1M
Weedmaps for Business and other SaaS solutions$54.2M$53.3M
Product and Service, Other$15.3M$15.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue5¢$8.8M
  • Research and development16¢$28.1M
  • Other costs78¢$135.7M
  • Income tax0¢$93.0K
  • Profit1¢$2.0M

Out of $174.7M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$26.2M

Out of $26.2M of cash from operations.2

Financial statements

Revenue56782$174.7M in 2025+21% since 2019
0$100.0M$200.0M$300.0M2019: $144.2M$144.2M20192020: $161.8M$161.8M2020+12%2021: $193.1M$193.1M2021+19%2022: $215.5M$215.5M2022+12%2023: $188.0M$188.0M2023−13%2024: $184.5M$184.5M2024−2%2025: $174.7M$174.7M2025−5%
Operating income56782$766.0K in 2025−88% since 2019
-$100.0M-$50.0M0$50.0M2019: $6.3M$6.3M20192020: $41.2M$41.2M2020+555%2021: -$8.2M-$8.2M20212022: -$69.6M-$69.6M2022+751%2023: -$18.5M-$18.5M2023−73%2024: $14.8M$14.8M20242025: $766.0K$766.0K2025−95%
Net income56782$2.0M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M$100.0M2019: -$375.0K-$375.0K20192020: $38.8M$38.8M20202021: $60.4M$60.4M2021+56%2022: -$116.0M-$116.0M20222023: -$9.9M-$9.9M2023−91%2024: $7.6M$7.6M20242025: $2.0M$2.0M2025−74%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Revenues$174.7M$184.5M
Cost of revenues (exclusive of depreciation and amortization shown separately below)$8.8M$9.0M
Sales and marketing$38.9M$40.4M
Product development$28.1M$36.4M
General and administrative$76.9M$70.6M
Depreciation and amortization$13.4M$13.3M
Asset impairment charges$7.8M$0
Total costs and expenses$173.9M$169.7M
Operating income$766.0K$14.8M
Change in fair value of warrant liability$390.0K$0
Change in tax receivable agreement liability$333.0K-$2.8M
Other income$1.9M$241.0K
Income before income taxes$3.4M$12.2M
Provision for income taxes$93.0K$46.0K
Net income$3.3M$12.2M
Net income attributable to non-controlling interests$1.3M$4.5M
Net income attributable to WM Technology, Inc.$2.0M$7.6M
Weighted average basic shares outstanding - Class A Common Stock (in shares)106.6M shares96.3M shares
Weighted average diluted shares outstanding - Class A Common Stock (in shares)108.2M shares97.1M shares

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Leadership

Who has led WM TECHNOLOGY, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Douglas Francis2024–now

Chair

  1. Douglas Francis2023

President

  1. Steven Jung2021

Chief financial officer

  1. Gregory M. Gentile2019
  2. Arden Lee2021–2023
  3. Mary Hoitt2023
  4. Susan Echard2024

Chief operating officer

  1. Mohammed Grimeh2019
  2. Steven Jung2021
  3. Juan Jose Feijoo-Osorio2021–2022
20202025
Board members and other officers (18)

Former names

  • Silver Spike Acquisition Corp.Jun 21, 2019 to Jun 21, 20213

Timeline

  1. Nov 12, 2024New chief executive Douglas Francis becomes CEO14

Filings

346 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 60 major events, 147 insider forms, 30 large holders, 88 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Aug 19, 20264 EDGAR
  3. Aug 19, 20264 EDGAR
  4. Aug 19, 20264 EDGAR
  5. Aug 6, 202610-Q EDGAR
  6. Aug 6, 20268-K EDGAR
  7. Jul 22, 20268-K EDGAR
  8. Jul 20, 20264 EDGAR
  9. Jul 9, 2026SCHEDULE 13G EDGAR
  10. Jun 24, 20268-K EDGAR
  11. May 19, 20264 EDGAR
  12. May 19, 20264 EDGAR
  13. May 19, 20264 EDGAR
  14. May 11, 202610-Q EDGAR
  15. May 11, 20268-K EDGAR
  16. May 7, 2026SCHEDULE 13G/A EDGAR
  17. Apr 28, 2026ARS EDGAR
  18. Apr 28, 2026DEFA14A EDGAR
  19. Apr 28, 2026DEF 14A EDGAR
  20. Apr 27, 2026SCHEDULE 13G/A EDGAR

The 346 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

72 open-market trades by officers, directors and large owners since October 2021: 0 buys and 72 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 17, 2026Freeman BrendaDirectorSale62,501$0.37$23.1KForm 4
Feb 18, 2026Griffis SarahChief Technology OfficerSale271,032$0.68$184.3KForm 4
Feb 18, 2026Camire BrianGENERAL COUNSELSale101,209$0.68$68.8KForm 4
Feb 18, 2026WM Founders Legacy I, LLC10% ownerSale103,019$0.68$70.1KForm 4
Nov 18, 2025Camire BrianGENERAL COUNSELSale90,979$0.84$76.4KForm 4
Nov 18, 2025Francis DouglasChief Executive OfficerSale158,733$0.83$131.7KForm 4
Aug 18, 2025Ghost Media Group, LLC10% ownerSale156,974$1.16$182.1KForm 4
Aug 18, 2025Camire BrianGENERAL COUNSELSale90,482$1.17$105.9KForm 4
Jun 24, 2025Ibbott William GlenDirectorSale50,505$0.91$46.0KForm 4
Jun 24, 2025Gordon ScottDirectorSale94,340$0.91$85.8KForm 4
Jun 24, 2025Gonzalez OlgaDirectorSale62,501$0.91$56.9KForm 4
Jun 24, 2025Freeman BrendaDirectorSale62,501$0.91$56.9KForm 4
Jun 24, 2025BAY ANTHONYDirectorSale36,775$0.91$33.5KForm 4
Jun 23, 2025BAY ANTHONYDirectorSale10,100$1.02$10.3KForm 4
May 16, 2025Camire BrianGENERAL COUNSELSale373,523$1.09$407.1KForm 4
May 16, 2025WM Founders Legacy I, LLC10% ownerSale155,897$1.11$173.0KForm 4
Mar 7, 2025BAY ANTHONYDirectorSale7,576$1.36$10.3KForm 4
Feb 18, 2025Camire BrianGENERAL COUNSELSale31,312$1.38$43.2KForm 4
Feb 18, 2025Ghost Media Group, LLC10% ownerSale92,328$1.38$127.4KForm 4
Nov 18, 2024Camire BrianGENERAL COUNSELSale27,848$1.02$28.4KForm 4

All 72 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Tidal Investments LLC1,464,019$574.6K0.0%−232,173
Shay Capital LLC410,041$160.9K0.0%+77,012
Baader Bank Aktiengesellschaft350,000$137.4K0.0%No change
Los Angeles Capital Management LLC286,723$112.5K0.0%−567,678
Corient Private Wealth LP195,000$76.5K0.0%+18,377
CreativeOne Wealth, LLC10,000$3.9K0.0%No change
IFP Advisors, Inc1,273$5000.0%−51
Advisors Asset Management, Inc.381$1500.0%−8,782
TD Waterhouse Canada Inc.100$390.0%No change
State of Alaska, Department of Revenue50,282$190.0%+25,000

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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