Brief: WM Technology Q2 Net Income USD 2.159 Million

WM Technology

07/08/2025 21:22

Overview

WM Technology Q2 rev declines yr/yr and misses analyst expectations, per LSEG data

Net income for Q2 rises 81% yr/yr

Co's cash increased to $59 mln

Outlook

WM Technology estimates Q3 2025 revenue at $41 mln - $43 mln

Company expects Q3 2025 Adjusted EBITDA of $5 mln - $7 mln

Result Drivers

REVENUE DECLINE - Revenue decreased due to lower sales from Weedmaps for Business and featured listings, partially offset by other ad solutions

CLIENT GROWTH - Increase in average monthly paying clients driven by new client acquisitions in emerging markets

SPENDING DECLINE - Average monthly revenue per client fell due to spending declines in established markets and lower spend from new clients

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$44.85 mln
$45 mln (2 Analysts)
Q2 Net Income
$2.16 mln
Q2 Pretax Profit
$2.16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for WM Technology Inc is $2.61, about 63.5% above its August 6 closing price of $0.95

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBwDNDQ1a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)