WM Technology Q3 revenue falls on market headwinds
MAPS•WM Technology reported Q3 revenue of $38.48 million and a net loss of $5.9 million, with revenue down year over year amid client payment issues and market challenges. It expects Q4 2026 revenue to decline by a low-single-digit percentage from Q3.
1. Quarterly results
WM Technology's Q3 revenue was $38.48 million, compared with a $40.70 million analyst consensus estimate. The company reported a $5.9 million net loss and said adjusted EBITDA fell sharply from a year earlier.
2. Outlook and drivers
The company expects Q4 2026 revenue to decline by a low-single-digit percentage from Q3. It cited clients' difficulty paying, higher marketing spending, one-time legal and severance costs, and continued softness in Michigan, Colorado and Oklahoma, where it said heavy regulation and price compression are challenging markets.
