WM Technology

MAPS

Market cap $134M

Overview Fund Activity

1.24 USD

+0.03

2.48%

At close Updated Sep 15, 4:00 PM EDT

Pre-market

After hours

1.24

0.00

0%

1 day

2.48%

5 days

1.64%

1 month

5.08%

3 months

18.1%

6 months

0.81%

Year to date

-14.48%

1 year

28.7%

5 years

-87.7%

10 years

-87.36%

About: WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises the B2C platform Weedmaps, and B2B software WM Business. Its revenues are derived primarily from monthly subscriptions to Weedmaps for Business, featured and deal listings and other WM Ad solutions. The Weedmaps for Business subscriptions generally have one-month terms that automatically renew unless notice of cancellation is provided in advance. Featured and deal listings and other WM Ad solutions are offered as add-on products to the Weedmaps for Business subscriptions. Featured and deal listings provide customers with premium placement ad solutions and discount and promotion pricing tools. Other WM Ad solutions include banner ads and promotion tiles on marketplace ads.

Employees: 457

Technology Software - Application

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

4,245% more call options, than puts

Call options by funds: $478K | Put options by funds: $11K

1.86% less ownership

Funds ownership: 42.04% [Q1] → 40.18% (-1.86%) [Q2]

9% less funds holding

Funds holding: 104 [Q1] → 95 (-9) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 36

24% less capital invested

Capital invested by funds: $49.9M [Q1] → $37.8M (-$12.1M) [Q2]

60% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 15

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$2.61

110% upside

Avg. target

$2.61

110% upside

High target

$2.61

110% upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

WestPark Capital

Casey Ryan

$2.61

Buy

Reiterated

11 Aug 2025

See Analyst Rankings

Financial journalist opinion

MarijuanaStocks

This Week's Top Ancillary Cannabis Stocks: Balancing Opportunity with Risk

The U.S. cannabis industry continues to expand rapidly, making ancillary stocks an attractive area for investors. In 2024, legal cannabis sales reached more than $29 billion nationwide. Analysts project the market could surpass $45 billion by 2030 as legalization spreads. Ancillary companies supply the technology, data, and cultivation tools that dispensaries and growers need to operate efficiently. These businesses avoid direct plant-touching risks while benefiting from industry growth. Recently, headlines surrounding potential federal legalization and banking reform have reignited investor interest. Moreover, new state markets continue to open, driving opportunities for service providers. Therefore, ancillary stocks remain critical watchlist candidates.

This Week's Top Ancillary Cannabis Stocks: Balancing Opportunity with Risk

WM Technology Could Double

I liked MAPS in June and like it more now. The debt-free, cash-rich company has a low valuation and trades on the NASDAQ. While the stock is up in Q3, it remains down year-to-date and down a lot since its IPO.

WM Technology Could Double

WM Technology, Inc. (MAPS) Q2 2025 Earnings Call Transcript

WM Technology, Inc. (NASDAQ:MAPS ) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET Company Participants Douglas Francis - Co-Founder, CEO & Director Simon Yao - Corporate Participant Susan Echard - CFO, Principal Financial Officer & Principal Accounting Officer Operator Thank you for standing by, and welcome to WM Technology, Inc. Second Quarter 2025 Earnings Call. [Operator Instructions] I would now like to turn the call over to your host, Simon Yao, Director of Investor Relations.

WM Technology, Inc. (MAPS) Q2 2025 Earnings Call Transcript

WM Technology, Inc. Reports Financial Results For Second Quarter 2025

IRVINE, Calif.--(BUSINESS WIRE)--WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced its financial results for the second quarter ended June 30, 2025. “We delivered a solid quarter, generating strong cash flow and maintaining operational discipline in what continues to be a difficult operating environment,” said Doug Francis, CEO of WM Technology. “While cannabis markets in our c.

WM Technology, Inc. Reports Financial Results For Second Quarter 2025

WM Technology, Inc. to Announce Second Quarter 2025 Financial Results via Webcast

IRVINE, Calif.--(BUSINESS WIRE)--WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2025 after market close on Thursday, August 7, 2025. Management will host a webcast to discuss the Company's financial results at 2 p.m. Pacific Time (or 5 p.m. Eastern Time) on the same day. A replay of the call will be avail.

WM Technology, Inc. to Announce Second Quarter 2025 Financial Results via Webcast

MarijuanaStocks

Top Ancillary Cannabis Stocks to Watch in July 2025

The cannabis industry continues expanding rapidly, especially online. Many consumers now rely on digital platforms to explore products and find local dispensaries. At the same time, ancillary sectors like technology, packaging, and paraphernalia have become essential. These businesses do not handle cannabis directly. Instead, they support the market from the sidelines. The U.S. cannabis industry is valued at over $45 billion in 2025. Analysts expect strong growth to continue over the next five years. As demand rises, so does the need for accessories and digital services. Retailers depend on software and secure packaging to stay compliant. Additionally, online traffic helps drive sales and brand visibility. Because of this, ancillary companies remain in focus. They serve critical functions and often face fewer legal risks than growers or dispensaries. Therefore, many investors see them as smart exposure to the cannabis sector.

Top Ancillary Cannabis Stocks to Watch in July 2025

The Special Committee of the Board of Directors of WM Technology Updates Stockholders on the Status of Non-Binding Proposal from Co-Founders Regarding Potential Take-Private

IRVINE, Calif.--(BUSINESS WIRE)--The special committee (the “Special Committee”) of the Board of Directors (the “Board”) of WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, today confirmed that it received a letter, dated June 23, 2025, from Douglas Francis, a founder, Chief Executive Officer and Chairman of the Board, Justin Hartfield, a founder and stockholder of WM Technology, and entiti.

The Special Committee of the Board of Directors of WM Technology Updates Stockholders on the Status of Non-Binding Proposal from Co-Founders Regarding Potential Take-Private

WM Technology Is A Good Stock For Cannabis Investors

I am upgrading WM Technology (MAPS) to Strong Buy, after recently making it a significant position in my model portfolio due to its attractive valuation. Despite sector headwinds, MAPS has outperformed peers, maintains a strong balance sheet, and generates positive cash flow with no debt. The stock trades at a low enterprise value-to-EBITDA multiple, offering substantial upside potential, with a year-end target of $2.24—120% above current levels.

WM Technology Is A Good Stock For Cannabis Investors

WM Technology, Inc. (MAPS) Q1 2025 Earnings Call Transcript

WM Technology, Inc. (NASDAQ:MAPS ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Simon Yao - Director, Investor Relations Doug Francis - Chief Executive Officer Susan Echard - Chief Financial Officer Conference Call Participants Operator Good afternoon, everyone, and welcome to WM Technology, Inc.'s First Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode for the duration of the call.

WM Technology, Inc. (MAPS) Q1 2025 Earnings Call Transcript

WM Technology, Inc. Reports First Quarter 2025 Financial Results

IRVINE, Calif.--(BUSINESS WIRE)--WM Technology, Inc. (“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading marketplace and technology solutions provider to the cannabis industry, today announced its financial results for the first quarter ended March 31, 2025. “Our first quarter results reflect focused execution in what remains a challenging environment for the cannabis industry,” said Doug Francis, CEO of WM Technology. “While there's been renewed attention around rescheduling, we've se.

WM Technology, Inc. Reports First Quarter 2025 Financial Results

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