Quarterly ResultMay 11, 2026, 04:27 PM
WM Technology Q1 Revenue $43.56M; Net Income $1.17M
AI Summary
WM Technology reported a decline in its first quarter 2026 financial performance, with revenue decreasing to $43.56 million and net income attributable to the company falling to $1.17 million. The company experienced negative cash flow from operating activities and a significant increase in its allowance for credit losses, indicating deteriorating receivables quality. Cash and cash equivalents also saw a substantial reduction during the quarter.
Key Highlights
- Revenue decreased 2.36% to $43.56 million for Q1 2026, down from $44.61 million in Q1 2025.
- Net income attributable to WM Technology, Inc. fell 28.9% to $1.17 million in Q1 2026 from $1.65 million in Q1 2025.
- Basic and diluted income per share was $0.01 for Q1 2026, a decrease from $0.02 in Q1 2025.
- Cash and cash equivalents decreased to $45.52 million as of March 31, 2026, from $62.40 million at December 31, 2025.
- Net cash used in operating activities was $1.29 million in Q1 2026, compared to $5.66 million provided in Q1 2025.
- Allowance for credit losses increased significantly to $7.03 million as of March 31, 2026, from $4.20 million at December 31, 2025.
- Provision for credit losses surged to $3.94 million in Q1 2026, up from $0.31 million in Q1 2025.
- The company recognized a $1.00 million gain from the sale of a domain name in Q1 2026.
Price Impact
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