WM Technology Forecasts $42–44M Q1 Revenue and Plans Nasdaq Delisting
WM Technology projects Q1 revenue of $42–44 million and adjusted EBITDA of $5–7 million, with $57 million cash on hand as of March 31. The company will voluntarily delist from Nasdaq to pursue strategic flexibility, transitioning to OTCQX trading while maintaining quarterly SEC reporting through year-end.
1. Preliminary First Quarter Financial Results
WM Technology expects Q1 2026 revenue of $42–44 million and adjusted EBITDA of $5–7 million, with cash and investments totaling $57 million as of March 31. These preliminary figures reflect management’s current outlook pending final audited results.
2. Voluntary Nasdaq Delisting Strategy
Management cited industry regulatory constraints and the need for expanded strategic optionality as the rationale for voluntarily delisting from Nasdaq, believing that reducing listing requirements will better support future growth initiatives without major federal policy changes.
3. OTCQX Trading and Future Reporting Plans
Following the delisting, shares will trade on the OTCQX market, and the company will continue to file quarterly financial updates under SEC rules through year-end, after which it will assess an appropriate long-term reporting cadence.