WM Technology, Inc. Releases Second Quarter 2025 Financial Results

Financial Performance - WM Technology, Inc. reported Q2 2025 sales of $44.8 million, a slight decrease from $45.9 million in the previous year, attributed to lower revenues from Weedmaps for Business and featured listings, partially offset by increased ad solution revenues [1] - Adjusted EBITDA increased by 16% to $11.7 million, while net income surged by 81% to $2.2 million [1] - The average monthly revenue per client decreased from $3,033 to $2,852, but the average number of monthly paying clients rose from 5,045 to 5,241 [1] - Cash reserves grew to $59 million, with no debt on the balance sheet [1] Future Projections - Adjusted EBITDA is expected to be between $5 million and $7 million for the upcoming quarter [1] - Q3 sales projections are estimated to be between $41 million and $43 million [1] Strategic Insights - CEO Doug Francis highlighted growth from emerging market clients and emphasized solid cash flow and effective execution despite challenging cannabis market conditions [2] - The company maintains capital flexibility and a debt-free status, balancing investment and cost control to position itself for long-term growth amid industry consolidation and price deflation [2] - WM Technology, Inc. is recognized as one of the best marijuana stocks to buy according to analysts [2]