---
title: "WM Tech - CW24 | 10-Q: FY2025 Q3 Revenue: USD 42.18 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264741999.md"
datetime: "2025-11-06T23:19:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264741999.md)
  - [en](https://longbridge.com/en/news/264741999.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264741999.md)
---

# WM Tech - CW24 | 10-Q: FY2025 Q3 Revenue: USD 42.18 M

Revenue: As of FY2025 Q3, the actual value is USD 42.18 M.

EPS: As of FY2025 Q3, the actual value is USD 0.02.

EBIT: As of FY2025 Q3, the actual value is USD 1.487 M.

### Segment Revenue

-   **Weedmaps for Business and other SaaS solutions**: $13.1 million for Q3 2025, compared to $13.6 million for Q3 2024. $40.1 million for the nine months ended September 30, 2025, compared to $40.3 million for the same period in 2024.
-   **Featured and deal listings**: $25.6 million for Q3 2025, compared to $29.2 million for Q3 2024. $79.8 million for the nine months ended September 30, 2025, compared to $85.8 million for the same period in 2024.
-   **Other ad solutions**: $3.5 million for Q3 2025, compared to $3.7 million for Q3 2024. $11.7 million for the nine months ended September 30, 2025, compared to $10.7 million for the same period in 2024.

### Operational Metrics

-   **Net Income**: $3.6 million for Q3 2025, compared to $5.3 million for Q3 2024. $8.3 million for the nine months ended September 30, 2025, compared to $8.5 million for the same period in 2024.
-   **Operating Income**: $2.0 million for Q3 2025, compared to $5.2 million for Q3 2024. $6.6 million for the nine months ended September 30, 2025, compared to $10.2 million for the same period in 2024.
-   **Adjusted EBITDA**: $7.6 million for Q3 2025, compared to $11.3 million for Q3 2024. $29.4 million for the nine months ended September 30, 2025, compared to $31.0 million for the same period in 2024.

### Cash Flow

-   **Net Cash Provided by Operating Activities**: $23.1 million for the nine months ended September 30, 2025, compared to $27.3 million for the same period in 2024.
-   **Net Cash Used in Investing Activities**: - $9.4 million for the nine months ended September 30, 2025, compared to - $9.5 million for the same period in 2024.
-   **Net Cash Used in Financing Activities**: - $3.2 million for the nine months ended September 30, 2025, compared to - $7.1 million for the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to continue making investments in raising brand awareness, increasing penetration within existing markets, and expanding to new markets, as well as continuing to develop and monetize new solutions to extend the functionality of its platform.
-   **Non-Core Business**: The company intends to increase its capital expenditures to support organic growth in its business and operations and may seek to raise additional funds through equity, equity-linked, or debt financings.

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- [MAPSW.US](https://longbridge.com/en/quote/MAPSW.US.md)

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