v3.25.4

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Revenues	$ 174,704	$ 184,514
Costs and expenses:
Cost of revenues (exclusive of depreciation and amortization shown separately below)	8,833	9,019
Sales and marketing	38,869	40,424
Product development	28,136	36,426
General and administrative	76,929	70,602
Depreciation and amortization	13,394	13,278
Asset impairment charges	7,777	0
Total costs and expenses	173,938	169,749
Operating income	766	14,765
Other income (expense), net
Change in fair value of warrant liability	390	0
Change in tax receivable agreement liability	333	(2,773)
Other income	1,867	241
Income before income taxes	3,356	12,233
Provision for income taxes	93	46
Net income	3,263	12,187
Net income attributable to non-controlling interests	1,301	4,548
Net income attributable to WM Technology, Inc.	$ 1,962	$ 7,639
Class A Common Stock:
Weighted average basic shares outstanding - Class A Common Stock (in shares)	106,572,365	96,254,679
Weighted average diluted shares outstanding - Class A Common Stock (in shares)	108,217,313	97,103,304
Class A Common Stock
Class A Common Stock:
Basic income per share - Class A (in dollars per share)	$ 0.02	$ 0.08
Diluted income per share - Class A (in dollars per share)	$ 0.02	$ 0.08
Class A Common Stock:
Weighted average basic shares outstanding - Class A Common Stock (in shares)	106,572,365	96,254,679
Weighted average diluted shares outstanding - Class A Common Stock (in shares)	108,217,313	97,103,304

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WM TECHNOLOGY, INC. 10-K