WM Technology Q4 revenue falls 10% as client spend drops amid pricing pressue

WM Technology

12/03/2026 20:39

Overview

U.S. cannabis marketplace's Q4 revenue fell yr/yr amid pricing pressure and lower client spend

Company posted Q4 net loss of $5.0 mln, down from net income a year earlier

Outlook

Company expects Q1 2026 revenue to decline by mid- to high-single digit percentages sequentially

WM Technology will not provide Adjusted EBITDA guidance for Q1 2026

Result Drivers

PRICING PRESSURE - Co said ongoing pricing pressure in core markets compressed client operating margins and constrained marketing budgets

CLIENT SPEND DECLINES - Co attributed lower average monthly revenues per paying client to spend declines in established markets, driven by price deflation and industry consolidation

CLIENT CHURN - Co said decrease in average monthly paying clients was largely due to churn in more established markets, partially offset by new client acquisitions in developing markets

Company press release: ID:nBw38gjJHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$43.07 mln
$42.30 mln (2 Analysts)
Q4 EPS
-$0.03
Q4 Net Income
-$5.03 mln
Q4 Pretax Profit
-$4.96 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 243.3% above its March 11 closing price of $0.76

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)