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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 53,275 $ 51,966
Accounts receivable, net 10,681 10,060
Prepaid expenses and other current assets 8,068 7,486
Total current assets 72,024 69,512
Property and equipment, net 24,373 24,075
Goodwill 68,368 68,368
Intangible assets, net 1,814 1,952
Right-of-use assets 14,053 14,695
Other assets 3,197 3,264
Total assets 183,829 181,866
Current liabilities    
Accounts payable and accrued expenses 19,134 20,102
Deferred revenue 5,029 5,433
Operating lease liabilities, current 3,601 3,492
Tax receivable agreement liability, current 4,390 1,406
Total current liabilities 32,154 30,433
Operating lease liabilities, non-current 25,632 26,601
Tax receivable agreement liability, non-current 568 3,006
Total warrant liability 585 585
Other long-term liabilities 1,174 1,174
Total liabilities 60,113 61,799
Commitments and contingencies (Note 5)
Stockholders’ equity    
Preferred Stock - $0.0001 par value; 75,000,000 shares authorized; no shares issued and outstanding at March 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 103,682 92,941
Accumulated deficit (55,232) (56,879)
Total WM Technology, Inc. stockholders’ equity 48,465 36,077
Noncontrolling interests 75,251 83,990
Total stockholders’ equity 123,716 120,067
Total liabilities and stockholders’ equity 183,829 181,866
Class A Common Stock    
Stockholders’ equity    
Common Stock 10 10
Class V Common Stock    
Stockholders’ equity    
Common Stock $ 5 $ 5