WM Technology, Inc. · OTC:MAPS
WM Technology — Q1 2025 Earnings Presentation
11 slides from WM Technology's earnings presentation, May 8, 2025
Slide 1: WM Technology, Inc. Q1 2025 Results
WM Technology, Inc. Q1 2025 Results May 8, 2025
Slide 2: Disclaimer
Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. (“WM”, the “Company”, “we”, “us”, “our”) and for no other purpose. References in this presentation to the “10
Slide 3: Q1 Financial Results
Q1 Financial Results ■ Revenues of $44.6 million as compared to $44.4 million in the prior year period ■ Net Income of $2.5 million as compared to $2.0 million in the prior year period (1) ■ Adjusted EBITDA of $10.1 million as compared to $9.6 million in the prior year period (2) ■ Average Monthly P
Slide 4: Income Statement (Unaudited)
Income Statement (Unaudited) 3 Months Ended ($M) March 31, 2025 March 31, 2024 Revenues $44.6 $44.4 Cost of Revenues (2.2) (2.3) Sales & Marketing (8.9) (9.6) Product Development (8.0) (9.2) General & Administrative (19.5) (16.5) Depreciation & Amortization (3.3) (2.9) Total Costs & Expenses ($42.0)
Slide 5: Historical Quarterly Financials
Historical Quarterly Financials Quarterly Revenues ($M) $44.4 $45.9 $46.6 $47.7 $44.6 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 YoY Growth (4%) (5%) 0% +3% +1% QoQ Growth (4%) +3% +1% +2% (6%) Adjusted EBITDA & Cash ($M) $11.3 $11.9 $10.1 $10.1 $9.6 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 % Margin 22%
Slide 6: Selected Key Operating and Financial Metrics by Quarter
Selected Key Operating and Financial Metrics by Quarter Average Monthly Paying Clients 5,225 5,179 5,045 5,100 4,937 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Average Monthly Revenues per Paying Client $2,997 $3,033 $3,043 $3,041 $2,871 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Note: See our Q1 FY25 8-K
Slide 7: Revenue Breakdown
Revenue Breakdown 3 Months Ended ($M) March 31, 2025 March 31, 2024 Weedmaps for Business and other SaaS subscriptions $13.6 $13.3 Featured and deal listings 27.2 28.2 Subtotal $40.8 $41.4 Other ad solutions 3.8 2.9 Revenues $44.6 $44.4 Note: See our Q1 FY25 8-K Earnings Release and Form 10-Q for th
Slide 8: Summary Balance Sheet and Cash Flow (Unaudited)
Summary Balance Sheet and Cash Flow (Unaudited) Balance Sheet Cash Flows 3 Months Ended ($M) Mar 31, 2025 Dec 31, 2024 ($M) Mar 31, 2025 Mar 31, 2024 Cash & Cash Equivalents $53.3 $52.0 CASH FLOWS FROM OPERATING ACTIVITIES Accounts Receivable 10.7 10.1 Net Income $2.5 $2.0 Prepaid & Other Current As
Slide 9: Share Classes
Share Classes Ownership Calculation Percentage 10-Q Reference Non-controlling interests ownership as of March 31, 2025 32.9% Note 11 Controlling interests ownership as of March 31, 2025 67.1% Common Shares as of March 31, 2025 Shares 10-Q Reference Common Stock Class A (voting publicly traded) A 105
Slide 10: Share Classes
Share Classes Controlling Interest Non-Controlling Interest Non-Controlling Interest Paired Class A Common Stock Class A Unit 1:1 Class V Common Vested Class P Units Holders Stock A 105,053,766 shares C 13,803,732 Units B 49,319,542 67.1% 31.5% 31.5% 1.4%(1) voting and economic interest voting and v
Slide 11: Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations: Net Income to EBITDA and Adjusted EBITDA 3 Months Ended $M March 31, 2025 March 31, 2024 Commentary Net Income $2.5 $2.0 + Provision for Income Taxes 0.0 0.0 + Interest (Income) / Expense (0.4) (0.0) + Depreciation & Amortization 3.3 2.9 EBITDA $5.4 $4.9 + Stock-Based Compe