Filing Flows › WM Technology (MAPS) › Q1 2025
WM Technology (MAPS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
WM Technology (MAPS) reported revenue of $44.6M for the first quarter 2025 (Q1 2025), +0.5% from a year earlier and -6% from the quarter before. Operating margin was 5.9%, net earnings $1.6M (3.7% of revenue).
WM Technology, Q1 2025: revenue $44.6M (+0.5% year over year), operating margin 5.9%, net earnings $1.6M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.6M | -6% | +0.5% |
| Operating profit | $2.6M | -42% | -30% |
| Net earnings | $1.6M | -30% | +33% |
| Operating cash flow | $5.7M | -40% | -23% |
| Free cash flow | $2.0M | -72% | -30% |
What changed
Revenue was $44.6M in Q1 2025, up 1% year over year and down 6% from the previous quarter. Featured and deal listings was the largest line at 61% of revenue. Other ad solutions added $823K year over year (up 28%), 369% of the total change. Featured and deal listings declined 3%.
Operating profit was $2.6M, a 5.9% margin (down 2.5 points year over year). Operating profit fell $1.1M even though revenue rose $223K versus a year earlier, so costs grew faster than sales. Total costs grew 3% against revenue growth of 1%. The fastest-growing cost line was General & admin (+18%). Net earnings were $1.6M, up 33% year over year. The effective tax rate was 0.4%.
Operating cash flow was $5.7M (down 23% year over year), 227% of net income including minority interests. Non-cash charges added back $3.3M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $3.6M left free cash flow of $2.0M.
Questions
What was WM Technology's revenue in the first quarter 2025?
WM Technology (MAPS) reported revenue of $44.6M for the first quarter 2025 (Q1 2025), +0.5% from a year earlier and -6% from the quarter before.
Was WM Technology profitable in the first quarter 2025?
Operating profit was $2.6M (5.9% of revenue) and net earnings $1.6M.
Source: WM Technology 10-Q on SEC EDGAR.