---
title: "WM Tech - CW24 | 8-K: FY2026 Q1 Revenue: USD 43.56 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285992221.md"
datetime: "2026-05-11T20:30:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285992221.md)
  - [en](https://longbridge.com/en/news/285992221.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285992221.md)
---

# WM Tech - CW24 | 8-K: FY2026 Q1 Revenue: USD 43.56 M

Revenue: As of FY2026 Q1, the actual value is USD 43.56 M.

EPS: As of FY2026 Q1, the actual value is USD 0.01.

EBIT: As of FY2026 Q1, the actual value is USD -292 K.

### Financial Highlights for WM Technology, Inc. Q1 2026

#### Revenue and Profitability

-   Revenues for the first quarter ended March 31, 2026, were $43.6 million, a decrease from $44.6 million in the prior year period, primarily due to continued softness in core markets impacting advertising spend .
-   Net income decreased to $1.7 million in Q1 2026 from $2.5 million in the prior year period .
-   Adjusted EBITDA decreased to $5.9 million in Q1 2026 from $10.1 million in the prior year period .
-   Operating income was $199 thousand for Q1 2026, compared to $2,647 thousand for Q1 2025 .
-   Calculated gross profit was $41,354 thousand for Q1 2026, compared to $42,371 thousand for Q1 2025 .
-   Calculated gross margin was approximately 94.95% for Q1 2026 and 94.97% for Q1 2025 .
-   Calculated operating margin was approximately 0.46% for Q1 2026, a decrease from 5.93% for Q1 2025 .

#### Operational Costs

-   Total costs and expenses were $43,359 thousand in Q1 2026, up from $41,965 thousand in Q1 2025 .
-   Cost of revenues was $2,204 thousand in Q1 2026, slightly down from $2,241 thousand in Q1 2025 .
-   Sales and marketing expenses increased to $10,302 thousand in Q1 2026 from $10,017 thousand in Q1 2025 .
-   Product development costs were $8,733 thousand in Q1 2026, down from $9,720 thousand in Q1 2025 .
-   General and administrative expenses rose to $19,060 thousand in Q1 2026 from $16,666 thousand in Q1 2025 .
-   Depreciation and amortization expenses were $3,060 thousand in Q1 2026, compared to $3,321 thousand in Q1 2025 .

#### Cash Flow and Liquidity

-   Net cash used in operating activities was - $1,289 thousand for Q1 2026, a decrease from $5,664 thousand provided in the prior year period .
-   Calculated free cash flow was - $3,824 thousand for Q1 2026, compared to $2,014 thousand for Q1 2025 .
-   Cash, cash equivalent, and marketable securities increased to $57.0 million as of March 31, 2026, from $53.3 million as of March 31, 2025 .

#### Key Operational Metrics

-   Average monthly paying clients decreased to 4,983 in Q1 2026 from 5,179 in the prior year period, mainly due to churn in established markets, partially offset by new client acquisitions in developing markets .
-   Average monthly revenues per paying client increased to $2,914 in Q1 2026 from $2,871 in the prior year period, reflecting a positive mix impact from churn among clients with below-average spend levels .
-   Total shares outstanding across Class A and Class V Common Stock were 159.0 million as of March 31, 2026 .

#### Business Outlook

-   WM Technology, Inc. expects second quarter 2026 revenue to decline by low-single digit percentages sequentially from the first quarter . This guidance is an estimate based on information available as of May 11, 2026, and assumes no business acquisitions, investments, restructurings, or legal settlements .

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