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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 34,170 $ 67,777
Accounts receivable, net 16,642 17,550
Prepaid expenses and other current assets 11,201 13,607
Total current assets 62,013 98,934
Property and equipment, net 23,246 13,283
Goodwill 67,156 45,295
Intangible assets, net 10,597 8,299
Right-of-use assets 32,634 36,549
Deferred tax assets 186,287 152,097
Other assets 12,002 10,687
Total assets 393,935 365,144
Current liabilities    
Accounts payable and accrued expenses 24,225 23,155
Deferred revenue 6,648 8,057
Operating lease liabilities, current 6,105 5,463
Other current liabilities 98 1,125
Total current liabilities 37,076 37,800
Operating lease liabilities, non-current 34,709 39,377
Tax Receivable Agreement liability 142,892 128,567
Warrant liability 6,855 27,460
Other long-term liabilities 3,366 0
Total liabilities 224,898 233,204
Commitments and contingencies (Note 3)
Stockholders’ equity    
Preferred Stock - $0.0001 par value; 75,000,000 shares authorized; no shares issued and outstanding at September 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 61,375 2,173
Retained earnings 54,004 61,369
Total WM Technology, Inc. stockholders’ equity 115,393 63,556
Noncontrolling interests 53,644 68,384
Total equity 169,037 131,940
Total liabilities and equity 393,935 365,144
Class A Common Stock    
Stockholders’ equity    
Common Stock 9 7
Class V Common Stock    
Stockholders’ equity    
Common Stock $ 5 $ 7