Filing Flows › WM Technology (MAPS) › Q4 2025
WM Technology (MAPS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 12, 2026
WM Technology (MAPS) reported revenue of $43.1M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +2% from the quarter before. Operating margin was -13.5%, net loss $5.0M (11.7% of revenue).
WM Technology, Q4 2025: revenue $43.1M (-10% year over year), operating margin -13.5%, net loss $5.0M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.1M | +2% | -10% |
| Operating profit | −$5.8M | -397% | -227% |
| Net earnings | −$5.0M | -305% | -314% |
| Operating cash flow | $3.0M | -53% | -68% |
What changed
Revenue was $43.1M in Q4 2025, down 10% year over year and up 2% from the previous quarter. Subtotal was the largest line at 92% of revenue.
Operating costs exceeded revenue by $5.8M, an operating margin of -13.5%. Total costs grew 13% against a revenue fall of 10%. The fastest-growing cost line was Other operating costs (+211%). The quarter ended with a net loss of $5.0M, after a profit of $3.6M the previous quarter. Minority interests bore $1.5M of it: to shareholders the quarter was a loss of $3.6M.
Operating cash flow was $3.0M (down 68% year over year). Non-cash charges added back $3.5M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $3.1M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$280K.
Questions
What was WM Technology's revenue in the fourth quarter 2025?
WM Technology (MAPS) reported revenue of $43.1M for the fourth quarter 2025 (Q4 2025), -10% from a year earlier and +2% from the quarter before.
Was WM Technology profitable in the fourth quarter 2025?
Operating loss was $5.8M (-13.5% of revenue) and net loss $5.0M.
Source: WM Technology 10-K on SEC EDGAR.