Filing Flows › WM Technology (MAPS) › Q2 2026 › vs Q2 2025
WM Technology (MAPS) Q2 2026 vs Q2 2025 (year over year)
WM Technology's revenue fell $2.4M (-5%) from $44.8M in Q2 2025 to $42.4M in Q2 2026. The biggest changes: Other ad solutions −$1.9M (-43%); Subtotal −$486K (-1%). Operating margin 5.5% against 4.2% (+1.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 5.5% | 4.2% | +1.4 pts |
| Net margin | 4.8% | 3.2% | +1.6 pts |
| Free cash flow margin | 8.2% | 18.3% | -10.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Featured and deal listings | $26.9M | $27.1M | −$183K | -0.7% |
| Weedmaps for Business and other SaaS solutions | $13.0M | $13.3M | −$303K | -2% |
| Subtotal | $39.9M | $40.4M | −$486K | -1% |
| Other ad solutions | $2.5M | $4.5M | −$1.9M | -43% |
| Revenue | $42.4M | $44.8M | −$2.4M | -5% |
| Other income, net | $531K | $290K | $241K | +83% |
| Operating profit | $2.4M | $1.9M | $483K | +26% |
| Costs & expenses | $40.1M | $43.0M | −$2.9M | -7% |
| Pre-tax earnings | $2.9M | $2.2M | $724K | +34% |
| Cost of revenue | $2.5M | $2.3M | $244K | +11% |
| Research & development | $8.7M | $8.9M | −$202K | -2% |
| Sales & marketing | $9.4M | $9.4M | $63K | +0.7% |
| General & admin | $16.3M | $19.0M | −$2.7M | -14% |
| Other operating costs | $3.2M | $3.5M | −$256K | -7% |
| Net earnings | $2.0M | $1.4M | $596K | +42% |
| Minority interests | $859K | $732K | $127K | +17% |
| Income tax | $1K | $0 | $1K | — |
| Depreciation & amortization | $3.2M | $3.5M | −$256K | -7% |
| Share-based compensation | $1.2M | $2.6M | −$1.4M | -54% |
| Working capital & other | $1.8M | $3.6M | −$1.8M | -50% |
| Operating cash flow | $8.2M | $11.1M | −$2.9M | -26% |
| Free cash flow (OCF − capex) | $3.5M | $8.2M | −$4.8M | -58% |
| Capital expenditures | $4.7M | $2.8M | $1.9M | +67% |
Questions
How much did WM Technology's revenue grow year over year in Q2 2026?
WM Technology's revenue fell $2.4M (-5%) from $44.8M in Q2 2025 to $42.4M in Q2 2026.
What drove WM Technology's revenue change in Q2 2026?
Other ad solutions −$1.9M (-43%); Subtotal −$486K (-1%).