Filing Flows › WM Technology (MAPS) › Q1 2026
WM Technology (MAPS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
WM Technology (MAPS) reported revenue of $43.6M for the first quarter 2026 (Q1 2026), -2% from a year earlier and +1% from the quarter before. Operating margin was 0.5%, net earnings $1.2M (2.7% of revenue).
WM Technology, Q1 2026: revenue $43.6M (-2% year over year), operating margin 0.5%, net earnings $1.2M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.6M | +1% | -2% |
| Operating profit | $199K | — | -92% |
| Net earnings | $1.2M | — | -29% |
| Operating cash flow | −$1.3M | -142% | -123% |
What changed
Revenue was $43.6M in Q1 2026, down 2% year over year and up 1% from the previous quarter. Featured and deal listings was the largest line at 64% of revenue. Other ad solutions lost $1.5M year over year (down 39%), 139% of the total change.
Operating profit was $199K, a 0.5% margin (down 5.5 points year over year). Total costs grew 3% against a revenue fall of 2%. The fastest-growing cost line was General & admin (+14%). Net earnings were $1.2M, down 29% year over year. The effective tax rate was 1.9%. Non-operating items added $1.5M, 88% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.3M. Non-cash charges added back $3.1M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $7.4M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$3.8M.
Questions
What was WM Technology's revenue in the first quarter 2026?
WM Technology (MAPS) reported revenue of $43.6M for the first quarter 2026 (Q1 2026), -2% from a year earlier and +1% from the quarter before.
Was WM Technology profitable in the first quarter 2026?
Operating profit was $199K (0.5% of revenue) and net earnings $1.2M.
Source: WM Technology 10-Q on SEC EDGAR.