2024 Q3 Form 10-Q Financial Statement

#000177947424000062 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $46.55M
YoY Change -2.46%
Cost Of Revenue $2.182M
YoY Change -27.63%
Gross Profit $44.37M
YoY Change -0.76%
Gross Profit Margin 95.31%
Selling, General & Admin $26.17M
YoY Change -14.86%
% of Gross Profit 58.97%
Research & Development $9.484M
YoY Change 22.41%
% of Gross Profit 21.37%
Depreciation & Amortization $3.517M
YoY Change -70.14%
% of Gross Profit 7.93%
Operating Expenses $35.65M
YoY Change -7.36%
Operating Profit $5.204M
YoY Change -193.8%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $98.00K
YoY Change -97.25%
Pretax Income $5.339M
YoY Change -312.54%
Income Tax $20.00K
% Of Pretax Income 0.37%
Net Earnings $3.332M
YoY Change -316.64%
Net Earnings / Revenue 7.16%
Basic Earnings Per Share
Diluted Earnings Per Share $0.03
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.04M
YoY Change 62.49%
Cash & Equivalents $45.04M
Short-Term Investments
Other Short-Term Assets $6.409M
YoY Change -7.04%
Inventory
Prepaid Expenses
Receivables $7.907M
Other Receivables $0.00
Total Short-Term Assets $59.36M
YoY Change 26.49%
LONG-TERM ASSETS
Property, Plant & Equipment $24.88M
YoY Change 0.88%
Goodwill $68.40M
YoY Change 0.05%
Intangibles $2.091M
YoY Change -20.98%
Long-Term Investments
YoY Change
Other Assets $3.361M
YoY Change -59.55%
Total Long-Term Assets $114.2M
YoY Change -13.32%
TOTAL ASSETS
Total Short-Term Assets $59.36M
Total Long-Term Assets $114.2M
Total Assets $173.6M
YoY Change -2.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.932M
YoY Change 827.98%
Accrued Expenses $13.69M
YoY Change -42.61%
Deferred Revenue $5.800M
YoY Change -4.92%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.78M
YoY Change -10.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $1.764M
YoY Change 33.33%
Total Long-Term Liabilities $1.764M
YoY Change 33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.78M
Total Long-Term Liabilities $1.764M
Total Liabilities $58.58M
YoY Change -8.35%
SHAREHOLDERS EQUITY
Retained Earnings -$59.20M
YoY Change 3.12%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.55M
YoY Change
Total Liabilities & Shareholders Equity $173.6M
YoY Change -2.87%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $3.332M
YoY Change -316.64%
Depreciation, Depletion And Amortization $3.517M
YoY Change -70.14%
Cash From Operating Activities $7.221M
YoY Change -13.21%
INVESTING ACTIVITIES
Capital Expenditures $2.359M
YoY Change -22.91%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.359M
YoY Change -22.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.111M
YoY Change -47.89%
NET CHANGE
Cash From Operating Activities 7.221M
Cash From Investing Activities -2.359M
Cash From Financing Activities -1.111M
Net Change In Cash 3.751M
YoY Change 19.92%
FREE CASH FLOW
Cash From Operating Activities $7.221M
Capital Expenditures $2.359M
Free Cash Flow $4.862M
YoY Change -7.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
41348000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
52235000 usd
us-gaap Costs And Expenses
CostsAndExpenses
126648000 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5978000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
59359000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
51486000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24876000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24255000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
68368000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
68368000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2091000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2507000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15629000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
3361000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4776000 usd
CY2024Q3 us-gaap Assets
Assets
173568000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
16533000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21182000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5765000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5918000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4088000 usd
CY2024Q3 maps Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
1396000 usd
CY2023Q4 maps Tax Receivable Agreement Liability Current
TaxReceivableAgreementLiabilityCurrent
122000 usd
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
30374000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
36171000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28355000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
27882000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9641000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
9417000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
98000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3565000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5339000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2512000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001779474
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Registrant Name
EntityRegistrantName
WM TECHNOLOGY, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
98-1605615
dei Entity Address Address Line1
EntityAddressAddressLine1
41 Discovery
dei Entity Address City Or Town
EntityAddressCityOrTown
Irvine
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92618
dei City Area Code
CityAreaCode
844
dei Local Phone Number
LocalPhoneNumber
933-3627
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q4 us-gaap Assets
Assets
167021000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6493000 usd
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
136844000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141526000 usd
us-gaap Cost Of Revenue
CostOfRevenue
9748000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51549000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
55839000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5204000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5548000 usd
CY2024Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-585000 usd
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
460000 usd
CY2024Q3 maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
548000 usd
CY2023Q3 maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
69000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
5318000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-2512000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1986000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-974000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
3332000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1538000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
33715000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1764000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1386000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
58578000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
63870000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
75000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
75000000 shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
88762000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
80884000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59230000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-64518000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
29547000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
16380000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
85443000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
86771000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114990000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
103151000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
173568000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
167021000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46552000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4402000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27721000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
27782000 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
2182000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
3015000 usd
us-gaap Cost Of Revenue
CostOfRevenue
6729000 usd
CY2024Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
9484000 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7748000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16494000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18151000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3517000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3395000 usd
CY2023Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
250000 usd
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 us-gaap Cash
Cash
45043000 usd
CY2023Q4 us-gaap Cash
Cash
34350000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7907000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11158000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6409000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15513000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26912000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26550000 usd
CY2024Q3 maps Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
1730000 usd
CY2023Q4 maps Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
1634000 usd
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
390000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
585000 usd
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46687000 usd
CY2024Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9671000 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11544000 usd
CY2024Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2023Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
8382000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8382000 usd
us-gaap Costs And Expenses
CostsAndExpenses
147439000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
10196000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5913000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-195000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
780000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
1486000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
689000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-362000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2884000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8543000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4498000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
72000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Profit Loss
ProfitLoss
8471000 usd
us-gaap Profit Loss
ProfitLoss
-4498000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3183000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1711000 usd
us-gaap Net Income Loss
NetIncomeLoss
5288000 usd
us-gaap Net Income Loss
NetIncomeLoss
-2787000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
103151000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3175000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-2000 usd
CY2024Q1 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
1455000 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
1959000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
106828000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3009000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2024Q2 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
1845000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
1194000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
109186000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1817000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1000 usd
CY2024Q3 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
1330000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
5318000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114990000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114777000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4681000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-3969000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
115239000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4005000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1000 usd
CY2023Q2 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
752000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
1983000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
120474000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2662000 usd
CY2023Q3 maps Adjustments To Additional Paid In Capital Discharge Of Holdback Obligation Related To Prior Acquisitions
AdjustmentsToAdditionalPaidInCapitalDischargeOfHoldbackObligationRelatedToPriorAcquisitions
3607000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-4000 usd
CY2023Q3 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Declared
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsDeclared
2231000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-2512000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
114782000 usd
us-gaap Profit Loss
ProfitLoss
8471000 usd
us-gaap Profit Loss
ProfitLoss
-4498000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9641000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9417000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-195000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
780000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
1486000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
689000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3284000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3666000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8382000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
7172000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10389000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
109000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
maps Discharge Of Holdback Obligation Related To Prior Acquisition Operating Activities
DischargeOfHoldbackObligationRelatedToPriorAcquisitionOperatingActivities
0 usd
maps Discharge Of Holdback Obligation Related To Prior Acquisition Operating Activities
DischargeOfHoldbackObligationRelatedToPriorAcquisitionOperatingActivities
3705000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-295000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-196000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3546000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5320000 usd
maps Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
439000 usd
maps Increase Decrease In Prepaid Expense And Other Assets Current
IncreaseDecreaseInPrepaidExpenseAndOtherAssetsCurrent
-2419000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1029000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-21000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1169000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-15439000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-153000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-167000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4994000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-4668000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27275000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12410000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9499000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8870000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9499000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8870000 usd
maps Repayments Of Insurance Premium Financing
RepaymentsOfInsurancePremiumFinancing
0 usd
maps Repayments Of Insurance Premium Financing
RepaymentsOfInsurancePremiumFinancing
1450000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
7250000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
3233000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
286000 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
286000 usd
maps Payments For Tax Receivable Agreement
PaymentsForTaxReceivableAgreement
116000 usd
maps Payments For Tax Receivable Agreement
PaymentsForTaxReceivableAgreement
0 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7083000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10693000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-862000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34350000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28583000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45043000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
829000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
959000 usd
maps Capitalized Assets Included In Accounts Payable And Accrued Expenses
CapitalizedAssetsIncludedInAccountsPayableAndAccruedExpenses
560000 usd
maps Capitalized Assets Included In Accounts Payable And Accrued Expenses
CapitalizedAssetsIncludedInAccountsPayableAndAccruedExpenses
663000 usd
maps Right Of Use Asset And Operating Lease Liability Lease Modification Remeasurement Noncash
RightOfUseAssetAndOperatingLeaseLiabilityLeaseModificationRemeasurementNoncash
3348000 usd
maps Right Of Use Asset And Operating Lease Liability Lease Modification Remeasurement Noncash
RightOfUseAssetAndOperatingLeaseLiabilityLeaseModificationRemeasurementNoncash
0 usd
us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 2008, and headquartered in Irvine, California, WM Technology, Inc. (the “Company”) 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 U.S. states and U.S. territories legalized cannabis markets. The Company’s comprehensive two-sided marketplace of 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. </span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s business primarily consists of its commerce-driven marketplace (“Weedmaps”), and its fully integrated suite of end-to-end Software-as-a-Service (“SaaS”) solutions software offering (“Weedmaps for Business”). The Weedmaps marketplace provides cannabis consumers with information regarding cannabis retailers and brands. In addition, the Weedmaps marketplace aggregates data from a variety of sources, including retailer point-of-sale solutions (“POS”), to provide consumers with the ability to browse by strain, price, cannabinoids and other information regarding locally available cannabis products, through the Company’s website and mobile apps. The marketplace provides consumers with product discovery, access to deals and discounts, and reservation of products for pickup by consumers or delivery to consumers by participating retailers (retailers complete orders and process payments outside of the Weedmaps marketplace as Weedmaps serves only as a portal, passing a consumer’s inquiry to the dispensary). The marketplace also provides education and learning information to help newer consumers learn about the types of products to purchase. The Company believes the size, loyalty and engagement of its user base and the frequency of consumption of cannabis by its user base makes the Weedmaps marketplace highly valuable to its clients.</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Weedmaps for Business, the Company’s SaaS offering, is a comprehensive set of eCommerce and compliance software solutions catered towards cannabis retailers, delivery services and brands that streamline front and back-end operations and help manage compliance needs. With the development of Weedmaps for Business, the Company offers an end-to-end platform for licensed cannabis retailers to comply with state l</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">aws. The C</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ompany sells a monthly subscription offering to storefront, delivery and brand clients as well as upsell and add-on offerings to licensed clients. The Company also offers other ad solutions and WM Dispatch for additional fees. </span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">WM Technology, Inc. was initially incorporated in the Cayman Islands on June 7, 2019 under the name “Silver Spike Acquisition Corp” (“Silver Spike”). Silver Spike was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. On June 16, 2021 (the “Closing Date”), Silver Spike consummated the business combination (the “Business Combination”), pursuant to that certain Agreement and Plan of Merger, dated December 10, 2020, by and among Silver Spike, Silver Spike Merger Sub LLC, a Delaware limited liability company and a wholly owned direct subsidiary of Silver Spike Acquisition Corp., WM Holding Company, LLC, a Delaware limited liability company (when referred to in its pre-Business Combination capacity, “Legacy WMH” and following the Business Combination, “WMH LLC”), and Ghost Media Group, LLC, a Nevada limited liability company. On the Closing Date, and in connection with the closing of the Business Combination (the “Closing”), Silver Spike was domesticated and continues as a Delaware corporation, changing its name to WM Technology, Inc.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Legacy WMH was reorganized into an Up-C structure, in which substantially all of the assets and business of Legacy WMH are held by WMH LLC and continue to operate through WMH LLC and its subsidiaries, and WM Technology, Inc.’s material assets are the equity interests of WMH LLC indirectly held by it. Legacy WMH was determined to be the accounting acquirer in the Business Combination, which was accounted for as a reverse recapitalization in accordance with accounting principles generally accepted in the United States of America (“GAAP”).</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">September 30, 2024</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the Company had an accumulated deficit of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$59.2 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company has funded its operations primarily with customer payments for its services and proceeds from the issuance of common stock in connection with its initial public offering and follow-on offering. As of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">September 30, 2024</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, the Company had cash of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">$45.0 million</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. The Company believes that its existing sources of liquidity will satisfy its working capital and capital requirements for at least the next twelve months.</span></div>
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59200000 usd
CY2024Q3 us-gaap Cash
Cash
45000000.0 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46687000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141526000 usd
CY2023Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
18151000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
55839000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
52235000 usd
us-gaap Costs And Expenses
CostsAndExpenses
147439000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-196000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5320000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant estimates made by management include, the allowance for credit losses, the useful lives of long-lived assets, income taxes, website and internal-use software development costs, leases, valuation of goodwill and other intangible assets, valuation of warrant liability, deferred tax assets and the related valuation allowance, tax receivable agreement (“TRA”) liability, revenue recognition, performance and stock-based compensation and the recognition and disclosure of contingent liabilities.</span></div>
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8700000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2756000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10202000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
8748000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
12232000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
320000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
219000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-295000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-196000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2218000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1317000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
7595000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2932000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
858000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9104000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
858000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9104000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2024Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
maps Asset Impairment Charges Noncash
AssetImpairmentChargesNoncash
2300000 usd
CY2023Q3 maps Asset Impairment Charges Noncash
AssetImpairmentChargesNoncash
2300000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
23700000 usd
CY2023 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
23100000 usd
CY2024Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3100000 usd
CY2023Q3 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2200000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
8400000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
5400000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
68400000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
68400000 usd
CY2023Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.18
CY2024Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
CY2023Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6100000 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6100000 usd
CY2024Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2023Q3 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 usd
CY2024Q3 us-gaap Lease Cost
LeaseCost
1700000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
2200000 usd
us-gaap Lease Cost
LeaseCost
5800000 usd
us-gaap Lease Cost
LeaseCost
6600000 usd
CY2024Q2 maps Payments For Lease Termination
PaymentsForLeaseTermination
100000 usd
CY2024Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
100000 usd
CY2024Q2 maps Derecognition On Right Of Use Asset
DerecognitionOnRightOfUseAsset
200000 usd
CY2024Q2 maps Derecognition On Lease Liability
DerecognitionOnLeaseLiability
400000 usd
CY2024Q3 maps Operating Leases Contra Rent Expense
OperatingLeasesContraRentExpense
200000 usd
CY2023Q3 maps Operating Leases Contra Rent Expense
OperatingLeasesContraRentExpense
500000 usd
maps Operating Leases Contra Rent Expense
OperatingLeasesContraRentExpense
1300000 usd
maps Operating Leases Contra Rent Expense
OperatingLeasesContraRentExpense
1600000 usd
CY2024Q3 maps Tax Receivable Agreement Liabilities As Percent Of Expected Benefit
TaxReceivableAgreementLiabilitiesAsPercentOfExpectedBenefit
0.85
CY2024Q3 maps Tax Receivable Agreement Percent Recorded In Additional Paid In Capital
TaxReceivableAgreementPercentRecordedInAdditionalPaidInCapital
0.15
CY2024Q3 maps Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
3100000 usd
CY2023Q4 maps Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
1800000 usd
CY2024Q3 maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
500000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
1500000 usd
CY2023Q3 maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
100000 usd
maps Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
700000 usd
CY2024Q3 us-gaap Advertising Expense
AdvertisingExpense
2000000.0 usd
CY2023Q3 us-gaap Advertising Expense
AdvertisingExpense
3500000 usd
us-gaap Advertising Expense
AdvertisingExpense
8300000 usd
us-gaap Advertising Expense
AdvertisingExpense
8100000 usd
us-gaap Deferred Compensation Arrangement With Individual Requisite Service Period1
DeferredCompensationArrangementWithIndividualRequisiteServicePeriod1
P2Y
CY2024Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 usd
CY2023Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
900000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1400000 usd
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
1900000 usd
CY2024Q3 maps Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
3100000 usd
CY2023Q4 maps Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
1800000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000.00 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000.00 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s financial instruments are potentially subject to concentrations of credit risk. The Company places its cash with high quality credit institutions and the Company’s cash balances at these institutions typically exceed the Federal Deposit Insurance Corporation limit. As of September 30, 2024, the Company had cash balances that exceeded the FDIC limit with four financial institutions. Management believes that the risk of loss is not significant and has not experienced any losses in such accounts.</span></div>
CY2024Q3 maps Number Of Financial Institutions With Cash Balance Exceeding Fdic Limit
NumberOfFinancialInstitutionsWithCashBalanceExceedingFDICLimit
4 institution
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46552000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
46687000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
136844000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141526000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5800000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5900000 usd
us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1500000 usd
us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1500000 usd
us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1500000 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
975000 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
585000 usd
CY2024Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-585000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-195000 usd
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
390000 usd
CY2024Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
390000 usd
CY2023Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2410000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2090000 usd
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
460000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
780000 usd
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2870000 usd
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
2870000 usd
CY2024Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P14Y6M
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7675000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5584000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2091000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P14Y6M
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7675000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5168000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2507000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1600000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6100000 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
6100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
139000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
555000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
543000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
505000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
222000 usd
CY2024Q3 maps Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
127000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2091000 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
1730000 usd
CY2023Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1530000 usd
CY2024Q3 maps Prepaid Marketing
PrepaidMarketing
292000 usd
CY2023Q4 maps Prepaid Marketing
PrepaidMarketing
387000 usd
CY2024Q3 maps Prepaid Software
PrepaidSoftware
1954000 usd
CY2023Q4 maps Prepaid Software
PrepaidSoftware
2406000 usd
CY2024Q3 maps Prepaid Expense And Other Assets Current Other
PrepaidExpenseAndOtherAssetsCurrentOther
2433000 usd
CY2023Q4 maps Prepaid Expense And Other Assets Current Other
PrepaidExpenseAndOtherAssetsCurrentOther
1655000 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6409000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5978000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
6932000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
7323000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
9601000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13859000 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
16533000 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
21182000 usd
CY2024Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
4200000 usd
CY2023Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
7400000 usd
us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
1500000 usd
CY2024Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.50
CY2021Q3 maps Notice Period To Redeem Warrants
NoticePeriodToRedeemWarrants
P30D
CY2021Q3 maps Class Of Warrant Or Right Threshold Trading Days
ClassOfWarrantOrRightThresholdTradingDays
P20D
CY2021Q3 maps Class Of Warrant Or Right Trading Period
ClassOfWarrantOrRightTradingPeriod
P30D
CY2024Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-600000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-200000 usd
CY2023Q3 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
500000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
800000 usd
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
75000000 shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q2 maps Reverse Recapitalization Period Of Exchange Agreement
ReverseRecapitalizationPeriodOfExchangeAgreement
P180D
CY2021Q2 maps Exchange Of Stock Exchange Ratio
ExchangeOfStockExchangeRatio
1
CY2024Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1601000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2297000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7172000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10389000 usd
CY2024Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
216000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
365000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
829000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
959000 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
1817000 usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
2662000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
8001000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
11348000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
5318000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-2512000 usd
us-gaap Profit Loss
ProfitLoss
8471000 usd
us-gaap Profit Loss
ProfitLoss
-4498000 usd
CY2024Q3 maps Net Income Loss Attributable To Noncontrolling Interest After Reverse Merger
NetIncomeLossAttributableToNoncontrollingInterestAfterReverseMerger
1986000 usd
CY2023Q3 maps Net Income Loss Attributable To Noncontrolling Interest After Reverse Merger
NetIncomeLossAttributableToNoncontrollingInterestAfterReverseMerger
-974000 usd
maps Net Income Loss Attributable To Noncontrolling Interest After Reverse Merger
NetIncomeLossAttributableToNoncontrollingInterestAfterReverseMerger
3183000 usd
maps Net Income Loss Attributable To Noncontrolling Interest After Reverse Merger
NetIncomeLossAttributableToNoncontrollingInterestAfterReverseMerger
-1711000 usd
CY2024Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares

Files In Submission

Name View Source Status
0001779474-24-000062-index-headers.html Edgar Link pending
0001779474-24-000062-index.html Edgar Link pending
0001779474-24-000062.txt Edgar Link pending
0001779474-24-000062-xbrl.zip Edgar Link pending
a101separationandreleaseag.htm Edgar Link pending
a102fifthamendmenttoleaseb.htm Edgar Link pending
a103offerofemployment-fran.htm Edgar Link pending
exhibit311q324.htm Edgar Link pending
exhibit312q324.htm Edgar Link pending
exhibit321q324.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_0.jpg Edgar Link pending
maps-20240930.htm Edgar Link pending
maps-20240930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
maps-20240930_htm.xml Edgar Link completed
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
maps-20240930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
maps-20240930_def.xml Edgar Link unprocessable
maps-20240930_lab.xml Edgar Link unprocessable
maps-20240930_pre.xml Edgar Link unprocessable