WM Technology, Inc.

WM Technology, Inc.

MAPSยทNASDAQ

$0.37

+0.0000%
TechnologySoftware - Application

WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.

At a Glance

Live Snapshot
Market Cap$64.68M
EPS0.0184
P/E Ratio20.32
Earnings Date05/11/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 20.3).

Valuation inputs: P/E 20.3, earnings yield +4.9%, momentum 0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +3.4%, ROIC +7.2%).

Profitability stack: net margin +1.1%, ROE +3.4%, ROIC +7.2%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +30.9%, momentum 0.0%, net margin +1.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

maps

WM Technology, Inc. Market vs Earnings Trajectory

MAPS ยท NASDAQ

Loading price and EPS data...

WM Technology, Inc.

WM Technology, Inc. Fair Value Envelope

MAPS ยท NASDAQ

Our analysis suggests that MAPS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $0.3738, this represents a potential HIDDEN relative to our calculated worth for WM Technology, Inc..

Intrinsic Value
Current Price: $0.3738
3Y-101.0%
5Y-97.0%
10Y-99.0%
3Y-19.0%
5Y+8.0%
10Y+95.0%
3Y-102.0%
5Y-95.0%
10Y-89.0%
3Y-325.0%
5Y-33.0%
10Y+36.0%
3Y-149.0%
5Y-64.0%
10Y-16.0%
3Y-4.0%
5Y+254.0%
10Y+297.0%
WM Technology, Inc.

WM Technology, Inc. Profit Bridge

MAPS ยท NASDAQ
Revenue174.70M
Cost of Goods Sold (22.23M)
Gross Profit152.48M
Operating Expenses (140.73M)
Operating Income11.75M
Interest Expense (0.00)
Other Income/Expense-8.39M
Pretax Income3.36M
Income Tax (93.00K)
Net Income1.96M
Net Income
1.96M

Profitability Analysis

Gross Margin

87.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

6.7%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

1.1%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

2.8%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

87.28%
Gross Profit Margin
-8%
3Y-6.0%
5Y-8.0%
10Y-7.0%
6.72%
Operating Profit Margin
-16%
3Y-121.0%
5Y-74.0%
10Y-69.0%
1.12%
Net Profit Margin
-73%
3Y-102.0%
5Y-95.0%
10Y-94.0%
3.43%
Return on Equity
-84%
3Y-100.0%
5Y-97.0%
10Y-
1.03%
Return on Assets
-76%
3Y-102.0%
5Y-99.0%
10Y-
7.21%
Return on Invested Capital
-24%
3Y-81.0%
5Y-95.0%
10Y-
MAPS

WM Technology, Inc. Cash Conversion Engine

MAPS ยท NASDAQ
Net Income1.96M
Depreciation & Amortization15.87M
Stock-Based Compensation7.78M
Change in Working Capital-14.48M
Others15.06M
Capital Expenditures-12.69M
Free Cash Flow13.50M

Cash Flow Quality Analysis

FCF Conversion Rate

688.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

48.4%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-46.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$14.48M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

maps

WM Technology, Inc. Funding & Solvency Profile

MAPS ยท NASDAQ
Cash & Cash Equivalents62.40M
Net Receivables14.72M
Inventory0.00
Other Current Assets7.80M
Total Current Assets85 M
Property, Plant & Equipment37.20M
Goodwill & Intangible Assets62.78M
Long-Term Investments0.00
Other Non-Current Assets5.76M
Total Non-Current Assets43 M
Total Assets
190.67M

Financial Health Analysis

Current Ratio

2.34x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.45x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

49 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

45% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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WM Technology, Inc. Street Expectations Map

MAPS ยท NASDAQ

Wall Street analysts project that MAPS stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 3.00 to a high of 7.00.

Lowest Target
3.00
702.57%
Consensus Target
5.00
1237.61%
Highest Target
7.00
1772.66%

The consensus 1-year price target stands at 5.00, with estimates ranging from a low of 3.00 to a high of 7.00.

Analyst Consensus Analysis

Upside Potential

+1237.6%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

80.0% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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WM Technology, Inc. Insider Positioning

MAPS ยท NASDAQ

During the last 12 months, insiders have sold $1.11M worth of MAPS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

475.3K

321.46K

Net Activity

-321K

-$321K

6-9 Months

Bought

0

0.00

Sold

249.7K

208.50K

Net Activity

-208K

-$208K

9-12 Months

Bought

0

0.00

Sold

564.2K

578.62K

Net Activity

-579K

-$579K

Top Buyers

No buying activity

Top Sellers

1
FD

Francis Douglas

Director, 10 Percent Owner, Officer: Chief Executive Officer

418.7K sharesโ€ข3 transactions

$384K

2
CB

Camire Brian

Officer: General Counsel

282.7K sharesโ€ข3 transactions

$251K

3
GS

Griffis Sarah

Officer: Chief Technology Officer

271.0K sharesโ€ข1 transactions

$183K

4
GS

Gordon Scott

Director

94.3K sharesโ€ข1 transactions

$86K

5
GO

Gonzalez Olga

Director

62.5K sharesโ€ข1 transactions

$57K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.11M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.00%
Dividend Yield
3Y-100.0%
5Y-100.0%
10Y-
ย 

maps Dividend History

MAPS
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%