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WM Technology cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$3.5M in Q2 2026 · $2.9M over twelve months

Operating cash flow$8.2M
Capital spending−$4.7M
Free cash flow+$3.5M
Cash / net income2.8×
Cash conversion cycle-411 days

Analysis

In Q2 2026, WM Technology generated $8.2M of operating cash flow and spent $4.7M on capital projects, leaving free cash flow of $3.5M. That is $4.8M less than in Q2 2025 ($8.2M).

Over the twelve months to Jun 30, 2026, operating cash flow was $16.4M; the largest uses were capital spending ($13.5M), other financing ($2.7M), taxes on employees’ shares ($97K); besides operations, cash came from other investing ($1.1M), net borrowing (+) / repaid (−) ($270K); the cash balance rose by $1.5M.

Operating cash flow was $8.2M against net income of $2.9M — 2.8× profit, cash ran ahead of reported earnings. The largest differences: receivables −$6.0M, payables +$4.8M, depreciation & amortization +$3.2M.

Its cash conversion cycle was -411 days (receivables 38 + inventory 0 − payables 450): suppliers fund its working capital.

Free cash flow

WM Technology: free cash flow by quarterWM Technology: free cash flow by quarter$4.9MQ3 2024$7.3MQ4 2024$2.0MQ1 2025$8.2MQ2 2025$3.6MQ3 2025−$280KQ4 2025−$3.8MQ1 2026$3.5MQ2 2026
Operating cash flow less capital spending.
WM Technology: operating cash flow against capital spendingWM Technology: operating cash flow against capital spendingOperating cash flowCapital spending$7.2M$2.4MQ3 2024$9.4M$2.1MQ4 2024$5.7M$3.6MQ1 2025$11.1M$2.8MQ2 2025$6.4M$2.9MQ3 2025$3.0M$3.3MQ4 2025−$1.3M$2.5MQ1 2026$8.2M$4.7MQ2 2026
Latest (Q2 2026): Operating cash flow $8.2M, Capital spending $4.7M.

Capital allocation, year by year

WM Technology: where the cash came from (up) and went (down), by fiscal yearWM Technology: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $30.2MFY2021: Net borrowing −$205KFY2021: Capital spending −$7.9MFY2021: Acquisitions −$16.0MFY2021: Buybacks −$5.6M$30.2MFY2021FY2022: Operating cash flow −$11.6MFY2022: Capital spending −$16.1MFY2022: Acquisitions −$713KFY2022FY2023: Operating cash flow $22.9MFY2023: Net borrowing $384KFY2023: Capital spending −$11.9M$23.3MFY2023FY2024: Operating cash flow $36.7MFY2024: Net borrowing $379KFY2024: Capital spending −$11.6M$37.1MFY2024FY2025: Operating cash flow $26.2MFY2025: Net borrowing $273KFY2025: Capital spending −$12.7M$26.5MFY2025
Over these 5 years operating cash flow totalled $104M; the largest uses were capital spending ($60.2M) and acquisitions ($16.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$72.0M
Debtnone
Net cash$72.0M

WM Technology funds itself: free cash flow was $2.9M over the last twelve months, with $72.0M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

WM Technology: sources (+) and uses (−) of cash, Q2 2026WM Technology: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)−$15.0MOther investing$11.6MOperating cash flow$8.2MCapital spending−$4.7MTaxes on employees’ shares−$95K
WM Technology: sources (+) and uses (−) of cash, TTM to Q2 2026WM Technology: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$16.4MCapital spending−$13.5MOther financing−$2.7MCash drawn (+) / kept (−)−$1.5MOther investing$1.1MNet borrowing (+) / repaid (−)$270KTaxes on employees’ shares−$97K

From profit to cash

WM Technology: net income to operating cash flow, Q2 2026WM Technology: net income to operating cash flow, Q2 2026Net income$2.9MDepreciation & amortization$3.2MStock-based pay$1.2MOther non-cash−$126KReceivables−$6.0MPayables$4.8MDeferred revenue−$190KOperating cash flow$8.2M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202638—450-411
Q1 202633—536-503
Q4 202527—465-438
Q3 202524—371-346
Q2 202523—372-350
Q1 202521—366-345
Q4 202417—289-272
Q3 202415—318-303

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$8.2M−$4.7M—−$15.0M$3.5M
Q1 2026−$1.3M−$2.5M$89K$16.9M−$3.8M
Q4 2025$3.0M−$3.3M$90K$190K−$280K
Q3 2025$6.4M−$2.9M$91K−$3.6M$3.6M
Q2 2025$11.1M−$2.8M$92K−$5.7M$8.2M
Q1 2025$5.7M−$3.6M—−$1.3M$2.0M
Q4 2024$9.4M−$2.1M$93K−$6.9M$7.3M
Q3 2024$7.2M−$2.4M$190K−$3.8M$4.9M

WM Technology: income statement and cash flow

WM Technology, Q2 2026: revenue $42.4M (-5% year over year), operating margin 5.5%. The chart follows the revenue to costs, profit and cash.

WM Technology: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.