Filing Flows › WM Technology (MAPS) › Q2 2025
WM Technology (MAPS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
WM Technology (MAPS) reported revenue of $44.8M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +0.5% from the quarter before. Operating margin was 4.4%, net earnings $1.4M (3.2% of revenue).
WM Technology, Q2 2025: revenue $44.8M (-2% year over year), operating margin 4.4%, net earnings $1.4M, operating cash flow $11.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.8M | +0.5% | -2% |
| Operating profit | $2.0M | -26% | +60% |
| Net earnings | $1.4M | -13% | +99% |
| Operating cash flow | $11.1M | +95% | -13% |
| Free cash flow | $8.2M | +308% | -18% |
What changed
Revenue was $44.8M in Q2 2025, down 2% year over year and up 1% from the previous quarter. Featured and deal listings was the largest line at 60% of revenue. Featured and deal listings lost $1.4M year over year (down 5%), 129% of the total change.
Operating profit was $2.0M, a 4.4% margin (up 1.7 points year over year). Total costs fell 4% while revenue fell 2%. The fastest-growing cost line was General & admin (+12%). Net earnings were $1.4M, up 99% year over year. The effective tax rate was 0.0%.
Operating cash flow was $11.1M (down 13% year over year), 512% of net income including minority interests. Non-cash charges added back $3.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $2.8M left free cash flow of $8.2M.
Questions
What was WM Technology's revenue in the second quarter 2025?
WM Technology (MAPS) reported revenue of $44.8M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +0.5% from the quarter before.
Was WM Technology profitable in the second quarter 2025?
Operating profit was $2.0M (4.4% of revenue) and net earnings $1.4M.
Source: WM Technology 10-Q on SEC EDGAR.