WM Technology, Inc. (MAPS) Q1 2024 Financial Results

Date: May 28, 2024

Company Overview

Company Name: WM Technology, Inc.

Ticker: MAPS

Exchange: NASDAQ

Sector: Technology

Industry: Software—Application

Report Summary

Calendar Year: 2024

Period: Q1

Report Filing Date: May 24, 2024

Report Publication Date: March 31, 2024

Report Acceptance Date: May 24, 2024

Reported Currency: USD

CIK: 0001779474

Link: SEC Filing

Final Link: Detailed Report

Financial Performance

Income Statement

Revenue: $44.39M

Cost of Revenue: $5.24M

Gross Profit: $39.15M

Operating Income: $3.76M

Net Income: $1.24M

EPS (Diluted): $0.01

Gross Profit Ratio: 88.20%

Operating Income Ratio: 8.47%

Net Income Ratio: 2.79%

Cash Flow

Net Cash Provided by Operating Activities: $7.40M

Free Cash Flow: $2.86M

Net Change in Cash: $1.37M

Cash at End of Period: $35.72M

Balance Sheet

Total Assets: $165.85M

Total Liabilities: $59.02M

Total Stockholders' Equity: $20.79M

Total Debt: $31.31M

Net Debt: $-4.40M

Key Ratios

Current Ratio: 167.57%

Quick Ratio: 145.39%

Cash Ratio: 119.08%

Debt to Equity Ratio: 150.61%

Return on Equity: 5.96%

PE Ratio: 25.20x

Price to Book Ratio: 6.01x

Price to Sales Ratio: 2.82x

Comparison with Peers

Gross Profit Margin (TTM): 89.44% (Best: PowerSchool Holdings, Inc. – 55.56%)

Operating Profit Margin (TTM): 3.30% (Best: PowerSchool Holdings, Inc. – 5.92%)

Net Profit Margin (TTM): -3.35% (Best: PowerSchool Holdings, Inc. – -5.37%)

Return on Equity (TTM): -31.87% (Best: Auddia Inc. – -388.76%)

Current Ratio (TTM): 167.57% (Best: OppFi Inc. – 2,024.61%)