Filing Flows › WM Technology (MAPS) › Q2 2026 › vs Q1 2026
WM Technology (MAPS) Q2 2026 vs Q1 2026 (quarter over quarter)
WM Technology's revenue fell $1.1M (-3%) from $43.6M in Q1 2026 to $42.4M in Q2 2026. The biggest changes: Subtotal −$1.4M (-3%); Other ad solutions +$243K (+11%). Operating margin 5.5% against 0.5% (+5.1 pts).
WM Technology, Q2 2026: revenue $42.4M (-5% year over year), operating margin 5.5%, net earnings $2.0M, operating cash flow $8.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 5.5% | 0.5% | +5.1 pts |
| Net margin | 4.8% | 2.7% | +2.1 pts |
| Free cash flow margin | 8.2% | -8.8% | +16.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Featured and deal listings | $26.9M | $27.8M | −$946K | -3% |
| Weedmaps for Business and other SaaS solutions | $13.0M | $13.4M | −$409K | -3% |
| Subtotal | $39.9M | $41.3M | −$1.4M | -3% |
| Other ad solutions | $2.5M | $2.3M | $243K | +11% |
| Revenue | $42.4M | $43.6M | −$1.1M | -3% |
| Other income, net | $531K | $1.5M | −$996K | -65% |
| Operating profit | $2.4M | $199K | $2.2M | 12× |
| Costs & expenses | $40.1M | $43.4M | −$3.3M | -8% |
| Pre-tax earnings | $2.9M | $1.7M | $1.2M | +67% |
| Cost of revenue | $2.5M | $2.2M | $320K | +15% |
| Research & development | $8.7M | $8.7M | −$75K | -0.9% |
| Sales & marketing | $9.4M | $10.3M | −$861K | -8% |
| General & admin | $16.3M | $19.1M | −$2.8M | -15% |
| Other operating costs | $3.2M | $3.1M | $142K | +5% |
| Net earnings | $2.0M | $1.2M | $852K | +73% |
| Minority interests | $859K | $523K | $336K | +64% |
| Income tax | $1K | $32K | −$31K | -97% |
| Depreciation & amortization | $3.2M | $3.1M | $142K | +5% |
| Share-based compensation | $1.2M | $1.3M | −$111K | -8% |
| Working capital & other | $1.8M | −$6.8M | $8.6M | — |
| Operating cash flow | $8.2M | −$1.3M | $9.5M | — |
| Free cash flow (OCF − capex) | $3.5M | −$3.8M | $7.3M | — |
| Capital expenditures | $4.7M | $2.5M | $2.2M | +87% |
Questions
How much did WM Technology's revenue grow quarter over quarter in Q2 2026?
WM Technology's revenue fell $1.1M (-3%) from $43.6M in Q1 2026 to $42.4M in Q2 2026.
What drove WM Technology's revenue change in Q2 2026?
Subtotal −$1.4M (-3%); Other ad solutions +$243K (+11%).