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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 62,591 $ 51,966
Accounts receivable, net 10,710 10,060
Prepaid expenses and other current assets 8,284 7,486
Total current assets 81,585 69,512
Property and equipment, net 24,658 24,075
Goodwill 68,368 68,368
Intangible assets, net 1,650 1,952
Right-of-use assets 12,802 14,695
Other assets 3,848 3,264
Total assets 192,911 181,866
Current liabilities    
Accounts payable and accrued expenses 20,083 20,102
Deferred revenue 5,114 5,433
Operating lease liabilities, current 3,778 3,492
Tax receivable agreement liability, current 2,531 1,406
Warrant liability, current 585 0
Total current liabilities 32,091 30,433
Operating lease liabilities, non-current 23,660 26,601
Tax receivable agreement liability, non-current 0 3,006
Warrant liability, non-current 0 585
Other long-term liabilities 1,802 1,174
Total liabilities 57,553 61,799
Commitments and contingencies
Stockholders’ equity    
Preferred Stock - $0.0001 par value; 75,000,000 shares authorized; no shares issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 108,237 92,941
Accumulated deficit (51,345) (56,879)
Total WM Technology, Inc. stockholders’ equity 56,908 36,077
Non-controlling interests 78,450 83,990
Total stockholders’ equity 135,358 120,067
Total liabilities and stockholders’ equity 192,911 181,866
Class A Common Stock    
Stockholders’ equity    
Common Stock 11 10
Class V Common Stock    
Stockholders’ equity    
Common Stock $ 5 $ 5