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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets      
Cash $ 28,583 $ 67,777  
Accounts receivable, net 17,438 17,550  
Prepaid expenses and other current assets 8,962 13,607  
Total current assets 54,983 98,934  
Property and equipment, net 24,928 13,283  
Goodwill 68,368 45,295 $ 3,961
Intangible assets, net 10,339 8,299  
Right-of-use assets 31,447 36,549  
Deferred tax assets, net 0 152,097  
Other assets 8,970 10,687  
Total assets 199,035 365,144  
Current liabilities      
Accounts payable and accrued expenses 33,635 23,155  
Deferred revenue 6,256 8,057 5,300
Operating lease liabilities, current 6,334 5,463  
Other current liabilities 98 1,125  
Total current liabilities 46,323 37,800  
Operating lease liabilities, non-current 33,043 39,377  
Tax receivable agreement liability 500 128,567  
Warrant liability 2,090 27,460 $ 0
Other long-term liabilities 2,302 0  
Total liabilities 84,258 233,204  
Commitments and contingencies (Note 4)  
Stockholders’ equity      
Preferred Stock - $0.0001 par value; 75,000,000 shares authorized; no shares issued and outstanding at December 31, 2022 and December 31, 2021 0 0  
Additional paid-in capital 67,986 2,173  
(Accumulated deficit) retained earnings (54,620) 61,369  
Total WM Technology, Inc. stockholders’ equity 13,380 63,556  
Noncontrolling interests 101,397 68,384  
Total stockholders’ equity 114,777 131,940  
Total liabilities and stockholders’ equity 199,035 365,144  
Class A Common Stock      
Stockholders’ equity      
Common Stock 9 7  
Class V Common Stock      
Stockholders’ equity      
Common Stock $ 5 $ 7