Revenue: As of FY2026 Q1, the actual value is USD 43.56 M, beating the estimate of USD 41.56 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.<h4>Revenue</h4>WM Technology, Inc. reported revenues of $43.6 million for the first quarter ended March 31, 2026, a decrease from $44.6 million in the prior year period, primarily due to continued softness in core markets impacting advertising spend.<h4>Net Income</h4>Net income for the first quarter of 2026 decreased to $1.7 million from $2.5 million in the prior year period. Net income attributable to WM Technology, Inc. was $1,171 thousand in Q1 2026, down from $1,647 thousand in Q1 2025.<h4>Adjusted EBITDA</h4>Adjusted EBITDA decreased to $5.9 million in Q1 2026 from $10.1 million in the prior year period.<h4>Operational Metrics</h4><ul><li>Average Monthly Paying Clients: 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.</li><li>Average Monthly Revenues per Paying Client: This metric 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.</li><li>Operating Income: Operating income was $199 thousand in Q1 2026, a decrease from $2,647 thousand in Q1 2025.</li><li>Operating Costs (in thousands):<ul><li>Cost of revenues was $2,204 in Q1 2026, down from $2,241 in Q1 2025.</li><li>Sales and marketing expenses were $10,302 in Q1 2026, up from $10,017 in Q1 2025.</li><li>Product development expenses were $8,733 in Q1 2026, down from $9,720 in Q1 2025.</li><li>General and administrative expenses were $19,060 in Q1 2026, up from $16,666 in Q1 2025.</li><li>Depreciation and amortization expenses were $3,060 in Q1 2026, down from $3,321 in Q1 2025.</li><li>Total costs and expenses were $43,359 in Q1 2026, compared to $41,965 in Q1 2025.</li></ul></li><li>Total Shares Outstanding: Total shares outstanding across Class A and Class V Common Stock were 159.0 million as of March 31, 2026.</li></ul><h4>Cash Flow (in thousands)</h4><ul><li>Cash and Cash Equivalents: Cash, cash equivalent, and marketable securities increased to $57.0 million as of March 31, 2026, compared to $53.3 million as of March 31, 2025. Cash and cash equivalents at the end of Q1 2026 were $45,519, compared to $53,275 at the end of Q1 2025.</li><li>Net Cash from Operating Activities: Net cash used in operating activities was - $1,289 in Q1 2026, a decrease from $5,664 provided by operating activities in Q1 2025.</li><li>Net Cash from Investing Activities: Net cash used in investing activities was - $13,023 in Q1 2026, compared to - $3,650 in Q1 2025.</li><li>Net Cash from Financing Activities: Net cash used in financing activities was - $2,570 in Q1 2026, compared to - $705 in Q1 2025.</li></ul><h4>EBITDA (in thousands)</h4>EBITDA for Q1 2026 was $4,295, down from $5,415 in Q1 2025.<h4>Business Outlook</h4>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 during the period.

WM Tech | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 43.56 M