MAPS Chart
About

WM Technology, Inc., an online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase. It also provides monthly subscription-based business software solutions, including WM Listings, WM Orders, WM Store, WM Connectors, and WM Insights as well as other add-on products, such as WM Ads and WM Dispatch. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 110.75M
Enterprise Value 113.17M Income 7.88M Sales 179.30M
Book/sh 0.53 Cash/sh 0.58 Dividend Yield —
Payout 0.00% Employees 440 IPO —
P/E 9.25 Forward P/E 3.81 PEG —
P/S 0.62 P/B 1.23 P/C —
EV/EBITDA 4.44 EV/Sales 0.63 Quick Ratio 2.28
Current Ratio 2.54 Debt/Eq 20.27 LT Debt/Eq —
EPS (ttm) 0.07 EPS next Y 0.17 EPS Growth -33.30%
Revenue Growth -9.40% Earnings 2026-03-12 ROA 4.09%
ROE 9.59% ROIC — Gross Margin 95.02%
Oper. Margin 4.64% Profit Margin 4.40% Shs Outstand 107.90M
Shs Float 93.93M Short Float 3.44% Short Ratio 3.30
Short Interest — 52W High 1.41 52W Low 0.64
Beta 1.20 Avg Volume 1.23M Volume 958.72K
Target Price $2.61 Recom None Prev Close $0.64
Price $0.65 Change 1.90%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.61
Mean price target
2. Current target
$0.65
Latest analyst target
3. DCF / Fair value
$3.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.65
Low
$2.61
High
$2.61
Mean
$2.61

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-11 reit WestPark Capital Buy → Buy $3
2025-05-09 reit WestPark Capital Buy → Buy $3
2025-03-14 reit WestPark Capital Buy → Buy $3
2025-03-11 reit WestPark Capital Buy → Buy $3
2024-11-13 reit WestPark Capital Buy → Buy $3
2024-08-12 reit WestPark Capital Buy → Buy $3
2024-01-11 init Zuanic & Associates — → Neutral —
2023-08-09 up WestPark Capital Hold → Buy —
2023-05-24 init WestPark Capital — → Hold —
2023-03-21 main Piper Sandler — → Neutral $2
2022-11-08 down Truist Securities Buy → Hold $2
2022-11-08 main Cantor Fitzgerald — → Overweight $5
2022-11-08 main Piper Sandler — → Neutral $3
2022-08-10 down BTIG Buy → Neutral —
2022-08-10 down Stifel Buy → Hold $3
2022-08-10 main Cantor Fitzgerald — → Overweight $7
2022-08-10 down Piper Sandler Overweight → Neutral $4
2022-08-08 main Cantor Fitzgerald — → Overweight $11
2022-05-05 main Cantor Fitzgerald — → Overweight $11
2022-05-05 main Piper Sandler — → Overweight $8
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 103019 69682 — Sale at price 0.68 per share. FRANCIS DOUGLAS Chief Executive Officer — 2026-02-18 00:00:00 D
1 101209 68458 — Sale at price 0.68 per share. CAMIRE BRIAN General Counsel — 2026-02-18 00:00:00 D
2 271032 183326 — Sale at price 0.68 per share. GRIFFIS SARAH Chief Technology Officer — 2026-02-18 00:00:00 D
3 437301 — — Stock Award(Grant) at price 0.00 per share. DEMOTT HARRY J. III Director — 2026-01-30 00:00:00 D
4 437301 — — Stock Award(Grant) at price 0.00 per share. COX BRENT Director — 2026-01-30 00:00:00 D
5 158733 131891 — Sale at price 0.83 per share. FRANCIS DOUGLAS Chief Executive Officer — 2025-11-18 00:00:00 D
6 90979 76604 — Sale at price 0.84 per share. CAMIRE BRIAN General Counsel — 2025-11-18 00:00:00 D
7 156974 182702 — Sale at price 1.16 per share. FRANCIS DOUGLAS Chief Executive Officer — 2025-08-18 00:00:00 D
8 90482 106153 — Sale at price 1.17 per share. CAMIRE BRIAN General Counsel — 2025-08-18 00:00:00 D
9 50505 46040 — Sale at price 0.91 per share. IBBOTT WILLIAM GLEN Director — 2025-06-24 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.00-4.81M4.42M44.32M
TaxRateForCalcs0.000.210.210.27
NormalizedEBITDA31.80M45.91M-70.20M-161.12M
TotalUnusualItems0.00-22.90M21.05M164.15M
TotalUnusualItemsExcludingGoodwill0.00-22.90M21.05M164.15M
NetIncomeFromContinuingOperationNetMinorityInterest7.64M-9.90M-115.99M60.38M
ReconciledDepreciation17.05M17.06M16.15M8.83M
ReconciledCostOfRevenue5.25M7.60M10.75M3.54M
EBITDA31.80M23.01M-49.15M3.02M
EBIT14.75M5.95M-65.31M-5.81M
NormalizedIncome7.64M8.19M-132.62M-59.44M
NetIncomeFromContinuingAndDiscontinuedOperation7.64M-9.90M-115.99M60.38M
TotalExpenses169.77M182.05M280.84M198.95M
TotalOperatingIncomeAsReported14.75M-18.46M-69.62M-8.18M
DilutedAverageShares93.24M93.24M85.03M66.81M
BasicAverageShares93.24M93.24M85.03M65.01M
DilutedEPS0.08-0.11-1.36-0.18
BasicEPS0.08-0.11-1.360.93
DilutedNIAvailtoComStockholders7.64M-9.90M-115.99M-12.10M
AverageDilutionEarnings0.000.00-72.48M
NetIncomeCommonStockholders7.64M-9.90M-115.99M60.38M
NetIncome7.64M-9.90M-115.99M60.38M
MinorityInterests-4.55M5.83M-33.34M-91.83M
NetIncomeIncludingNoncontrollingInterests12.19M-15.73M-82.65M152.22M
NetIncomeContinuousOperations12.19M-15.73M-82.65M152.22M
TaxProvision46.00K93.00K179.08M-601.00K
PretaxIncome12.23M-15.63M96.43M151.62M
OtherIncomeExpense-2.52M-21.58M161.73M157.42M
OtherNonOperatingIncomeExpenses-2.52M1.32M140.68M-6.72M
SpecialIncomeCharges0.00-24.40M-4.32M-2.37M
ImpairmentOfCapitalAssets0.0024.40M4.32M2.37M
GainOnSaleOfSecurity1.50M25.37M166.52M
OperatingIncome14.75M5.95M-65.31M-5.81M
OperatingExpense160.75M169.52M265.43M191.01M
DepreciationAmortizationDepletionIncomeStatement13.28M12.13M11.50M4.42M
DepreciationAndAmortizationInIncomeStatement13.28M12.13M11.50M4.42M
ResearchAndDevelopment36.43M36.00M50.52M35.40M
SellingGeneralAndAdministration111.04M121.39M203.41M151.19M
SellingAndMarketingExpense40.42M47.07M82.62M56.12M
GeneralAndAdministrativeExpense70.62M74.31M120.79M95.08M
OtherGandA70.62M74.31M120.79M95.08M
GrossProfit175.50M175.47M200.12M185.21M
CostOfRevenue9.02M12.53M15.41M7.94M
TotalRevenue184.51M187.99M215.53M193.15M
OperatingRevenue184.51M187.99M215.53M193.15M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber99.03M94.38M92.06M65.68M
ShareIssued99.03M94.38M92.06M65.68M
TotalDebt30.09M33.04M39.38M44.84M
TangibleBookValue-34.24M-54.49M-65.33M9.96M
InvestedCapital36.08M16.38M13.38M63.56M
WorkingCapital39.08M17.77M8.66M61.13M
NetTangibleAssets-34.24M-54.49M-65.33M9.96M
CapitalLeaseObligations30.09M33.04M39.38M44.84M
CommonStockEquity36.08M16.38M13.38M63.56M
TotalCapitalization36.08M16.38M13.38M63.56M
TotalEquityGrossMinorityInterest120.07M103.15M114.78M131.94M
MinorityInterest83.99M86.77M101.40M68.38M
StockholdersEquity36.08M16.38M13.38M63.56M
RetainedEarnings-56.88M-64.52M-54.62M61.37M
AdditionalPaidInCapital92.94M80.88M67.99M2.17M
CapitalStock15.00K14.00K14.00K14.00K
CommonStock15.00K14.00K14.00K14.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest61.80M63.87M84.26M233.20M
TotalNonCurrentLiabilitiesNetMinorityInterest31.37M30.16M37.94M195.40M
OtherNonCurrentLiabilities4.18M3.02M2.80M128.57M
DerivativeProductLiabilities585.00K585.00K2.09M27.46M
TradeandOtherPayablesNonCurrent1.63M500.00K128.57M
LongTermDebtAndCapitalLeaseObligation26.60M26.55M33.04M39.38M
LongTermCapitalLeaseObligation26.60M26.55M33.04M39.38M
CurrentLiabilities30.43M33.72M46.32M37.80M
OtherCurrentLiabilities1.41M122.00K98.00K1.12M
CurrentDeferredLiabilities5.43M5.92M6.26M8.06M
CurrentDeferredRevenue5.43M5.92M6.26M8.06M
CurrentDebtAndCapitalLeaseObligation3.49M6.49M6.33M5.46M
CurrentCapitalLeaseObligation3.49M6.49M6.33M5.46M
CurrentNotesPayable0.00
PensionandOtherPostRetirementBenefitPlansCurrent9.77M10.47M24.07M10.09M
PayablesAndAccruedExpenses10.33M10.71M9.56M13.07M
CurrentAccruedExpenses2.87M3.38M5.22M8.77M
Payables7.47M7.32M9.56M4.30M
TotalTaxPayable122.00K0.00
AccountsPayable7.47M7.32M9.56M4.30M
TotalAssets181.87M167.02M199.03M365.14M
TotalNonCurrentAssets112.35M115.53M144.05M266.21M
OtherNonCurrentAssets3.26M4.78M8.97M10.69M
NonCurrentDeferredAssets0.00152.10M
NonCurrentDeferredTaxesAssets0.00152.10M
GoodwillAndOtherIntangibleAssets70.32M70.88M78.71M53.59M
OtherIntangibleAssets1.95M2.51M10.34M8.30M
Goodwill68.37M68.37M68.37M45.30M
NetPPE38.77M39.88M56.38M49.83M
GrossPPE38.77M39.88M56.38M49.83M
OtherProperties38.77M39.88M56.38M49.83M
BuildingsAndImprovements36.55M
Properties0.00
CurrentAssets69.51M51.49M54.98M98.93M
OtherCurrentAssets3.16M1.66M1.01M1.83M
PrepaidAssets4.33M4.32M7.95M11.78M
Receivables10.06M11.16M17.44M17.55M
AccountsReceivable10.06M11.16M17.44M17.55M
AllowanceForDoubtfulAccountsReceivable-1.20M-8.70M-12.20M-5.20M
GrossAccountsReceivable11.26M19.86M29.64M22.75M
CashCashEquivalentsAndShortTermInvestments51.97M34.35M28.58M67.78M
CashAndCashEquivalents51.97M34.35M28.58M67.78M
CashFinancial51.97M34.35M28.58M67.78M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow25.04M11.06M-27.68M22.25M
RepurchaseOfCapitalStock0.000.00-5.57M
RepaymentOfDebt0.000.00-205.00K
CapitalExpenditure-11.64M-11.87M-16.05M-7.93M
InterestPaidSupplementalData0.00
IncomeTaxPaidSupplementalData52.00K38.00K242.00K
EndCashPosition51.97M34.35M28.58M67.78M
BeginningCashPosition34.35M28.58M67.78M19.92M
ChangesInCash17.62M5.77M-39.19M47.86M
FinancingCashFlow-7.42M-5.29M-9.80M48.10M
CashFlowFromContinuingFinancingActivities-7.42M-5.29M-9.80M48.10M
NetOtherFinancingCharges259.00K-1.07M-7.36M72.87M
CashDividendsPaid-7.68M-4.22M-2.45M-19.00M
CommonStockDividendPaid-7.68M-4.22M-2.45M-19.00M
NetCommonStockIssuance0.000.00-5.57M
CommonStockPayments0.000.00-5.57M
NetIssuancePaymentsOfDebt0.000.00-205.00K
NetShortTermDebtIssuance0.00
ShortTermDebtPayments0.00
NetLongTermDebtIssuance0.000.00-205.00K
LongTermDebtPayments0.000.00-205.00K
InvestingCashFlow-11.64M-11.87M-17.77M-30.43M
CashFlowFromContinuingInvestingActivities-11.64M-11.87M-17.77M-30.43M
NetInvestmentPurchaseAndSale0.000.00-6.50M
PurchaseOfInvestment0.000.00-6.50M
NetBusinessPurchaseAndSale0.00-1.71M-16.00M
PurchaseOfBusiness0.00-1.71M-16.00M
NetPPEPurchaseAndSale-16.05M-7.93M
PurchaseOfPPE-16.05M-7.93M
CapitalExpenditureReported-11.64M-11.87M-16.05M-7.93M
OperatingCashFlow36.68M22.93M-11.62M30.19M
CashFlowFromContinuingOperatingActivities36.68M22.93M-11.62M30.19M
ChangeInWorkingCapital-4.48M-14.16M-1.50M-678.00K
ChangeInOtherWorkingCapital-485.00K-338.00K-1.90M2.79M
ChangeInOtherCurrentLiabilities-5.57M-6.33M-5.46M44.84M
ChangeInOtherCurrentAssets1.03M-40.00K-229.00K-43.64M
ChangeInPayablesAndAccruedExpense996.00K-15.28M14.89M699.00K
ChangeInPrepaidAssets-1.52M3.33M7.46M8.23M
ChangeInReceivables1.06M4.49M-16.27M-13.61M
ChangesInAccountReceivables1.06M4.49M-16.27M-13.61M
OtherNonCashItems-109.00K-3.71M-142.35M
StockBasedCompensation9.22M13.52M23.49M29.32M
ProvisionandWriteOffofAssets38.00K1.79M17.22M5.49M
AssetImpairmentCharge0.0024.40M4.32M2.37M
DeferredTax2.77M1.26M36.73M-842.00K
DeferredIncomeTax2.77M1.26M36.73M-842.00K
DepreciationAmortizationDepletion17.05M17.06M16.15M8.83M
DepreciationAndAmortization17.05M17.06M16.15M8.83M
Depreciation17.05M17.06M16.15M8.83M
OperatingGainsLosses-1.50M-25.37M-166.52M
GainLossOnInvestmentSecurities-1.50M-25.37M-166.52M
NetIncomeFromContinuingOperations12.19M-15.73M-82.65M152.22M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MAPS
Date User Asset Broker Type Position Size Entry Price Patterns