WM Technology Q2 FY26 adjusted EBITDA drops 57.6% to $5 million; revenue falls 5.4% to $42.4 million
MAPS•Q2 results
WM Technology posted Q2 revenue of $42.4 million, down 5.36% from a year earlier.
Net income rose to $2.9 million; GAAP operating income edged up to $2.35 million.
Non-GAAP adjusted EBITDA fell to $5 million from $11.7 million a year earlier.
Client trends and outlook
Average monthly paying clients slipped to 5,040; average monthly revenue per paying client eased to $2,807.
The company forecast Q3 revenue to decline by mid-single digit percentages sequentially. CEO Doug Francis flagged expansion into underpenetrated states and adjacent opportunities.
