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WM Technology (MAPS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · WM Technology (MAPS) Q2 2026 earnings results →
Q2 2026 Revenue down 5% year over year to $42.4M · 5¢ of every $1 of revenue kept as net profit · operating margin 5.5%
WM Technology made $42.4M in Q2 2026 (-5% Y/Y): Subtotal $39.9M, Other ad solutions $2.5M. Operating margin 5.5%, net earnings $2.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $42.4M in Q2 2026, down 5% year over year and down 3% from the previous quarter. Featured and deal listings was the largest line at 63% of revenue. Other ad solutions lost $1.9M year over year (down 43%), 80% of the total change.
Operating profit was $2.4M, a 5.5% margin (up 1.4 points year over year). Total costs fell 7% while revenue fell 5%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $2.0M, up 42% year over year. The effective tax rate was 0.0%.
Operating cash flow was $8.2M (down 26% year over year), 285% of net income including minority interests. Non-cash charges added back $3.2M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $917K. Capital expenditures of $4.7M left free cash flow of $3.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $42.4M | -5% | 5.5% | $2.0M | $8.2M |
| Q1 2026 | 10-Q | May 11, 2026 | $43.6M | -2% | 0.5% | $1.2M | −$1.3M |
| Q4 2025 | 10-K | Mar 12, 2026 | $43.1M | -10% | -13.5% | −$5.0M | $3.0M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $42.2M | -9% | 4.6% | $2.5M | $6.4M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $44.8M | -2% | 4.4% | $1.4M | $11.1M |
| Q1 2025 | 10-Q | May 8, 2025 | $44.6M | +0.5% | 5.9% | $1.6M | $5.7M |
| Q4 2024 | 10-K | Mar 13, 2025 | $47.7M | +3% | 9.6% | $2.4M | $9.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About WM Technology
Founded in 2008, and headquartered in Irvine, California, WM Technology, Inc. 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 legalized cannabis markets in states and territories of the United States. Our comprehensive 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.
In its own words, from its 10-K, filed Mar 12, 2026.
WM Technology against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -5% against the peers' median +14%. Operating margin: 5.5% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MAPS WM Technology | Q2 2026 | $42.4M | -5% | 5.5% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: WM Technology 10-Q on SEC EDGAR · CIK 1779474 · Services-Prepackaged Software
13F: who owns MAPS and who is buying
More on MAPS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results