2024 Q3 Form 10-Q Financial Statement
#000177947424000062 Filed on November 12, 2024
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 | ||
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|
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Document Quarterly Report
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Prepaid Expense And Other Assets Current
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|
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Assets Current
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|
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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
|
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CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
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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
|
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CY2023Q3 | us-gaap |
Income Tax Expense Benefit
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|
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dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001779474 | ||
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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 | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
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Entity Interactive Data Current
EntityInteractiveDataCurrent
|
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CY2023Q4 | us-gaap |
Assets
Assets
|
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CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
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CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
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us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap |
Cost Of Revenue
CostOfRevenue
|
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us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap |
General And Administrative Expense
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CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
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Operating Income Loss
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Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023Q3 | us-gaap |
Fair Value Adjustment Of Warrants
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|
460000 | usd |
CY2024Q3 | maps |
Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
|
548000 | usd |
CY2023Q3 | maps |
Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
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CY2024Q3 | us-gaap |
Profit Loss
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|
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CY2023Q3 | us-gaap |
Profit Loss
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|
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CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
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|
1986000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3332000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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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 | |
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Commitments And Contingencies
CommitmentsAndContingencies
|
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
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Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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CY2024Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
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CY2023Q4 | us-gaap |
Preferred Stock Value
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|
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CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
29547000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2024Q3 | us-gaap |
Minority Interest
MinorityInterest
|
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CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
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CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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|
114990000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
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CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
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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
|
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CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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27782000 | usd |
CY2024Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
2182000 | usd |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
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3015000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
6729000 | usd | |
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Research And Development Expense
ResearchAndDevelopmentExpense
|
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Research And Development Expense
ResearchAndDevelopmentExpense
|
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General And Administrative Expense
GeneralAndAdministrativeExpense
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General And Administrative Expense
GeneralAndAdministrativeExpense
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Depreciation And Amortization
DepreciationAndAmortization
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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 |
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Entity Filer Category
EntityFilerCategory
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Accelerated Filer | ||
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Entity Small Business
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Entity Emerging Growth Company
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Entity Shell Company
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CY2024Q3 | us-gaap |
Cash
Cash
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45043000 | usd |
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Cash
Cash
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CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2024Q3 | us-gaap |
Prepaid Expense And Other Assets Current
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|
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CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
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CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
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|
26912000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
26550000 | usd |
CY2024Q3 | maps |
Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
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1730000 | usd |
CY2023Q4 | maps |
Tax Receivable Agreement Liability Noncurrent
TaxReceivableAgreementLiabilityNoncurrent
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1634000 | usd |
CY2024Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
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CY2023Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
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585000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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CY2024Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
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CY2023Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
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Asset Impairment Charges
AssetImpairmentCharges
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Asset Impairment Charges
AssetImpairmentCharges
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us-gaap |
Asset Impairment Charges
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Asset Impairment Charges
AssetImpairmentCharges
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Costs And Expenses
CostsAndExpenses
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Operating Income Loss
OperatingIncomeLoss
|
10196000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
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us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-195000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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780000 | usd | |
maps |
Change In Tax Receivable Agreement Liability
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1486000 | usd | |
maps |
Change In Tax Receivable Agreement Liability
ChangeInTaxReceivableAgreementLiability
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689000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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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
|
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us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
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Profit Loss
ProfitLoss
|
8471000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-4498000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
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|
3183000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
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us-gaap |
Net Income Loss
NetIncomeLoss
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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 |