XML 24 R10.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF EQUITY (FY) - USD ($)
$ in Thousands
Total
Class V Shares
Class P Units
Class A
Class V
Total WM Technology, Inc. Stockholders' Equity
Total WM Technology, Inc. Stockholders' Equity
Class V Shares
Total WM Technology, Inc. Stockholders' Equity
Class P Units
Common Stock
Class A
Common Stock
Class A
Class V Shares
Common Stock
Class A
Class P Units
Common Stock
Class V
Common Stock
Class V
Class V Shares
Additional Paid-in Capital
Additional Paid-in Capital
Class V Shares
Additional Paid-in Capital
Class P Units
(Accumulated Deficit) Retained Earnings
Non-controlling Interests
Non-controlling Interests
Class V Shares
Non-controlling Interests
Class P Units
Members' Equity
Members' Equity
Class P Units
Beginning balance (in shares) at Dec. 31, 2020                 0     0                    
Beginning balance at Dec. 31, 2020           $ 0     $ 0     $ 0   $ 0     $ 0 $ 0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation $ 30,423         9,570               9,570     0 20,853        
Proceeds and shares issued in the Business Combination (in shares)                 63,738,563     65,502,347                    
Proceeds and shares issued in the Business Combination (84,721)         (19,119)     $ 6     $ 7   (20,118)     986 (44,928)     $ (20,674)  
Issuance of common stock for acquisitions (in shares)                 1,938,798                          
Issuance of common stock for acquisitions 29,312         12,722     $ 1         12,721       16,590        
Net income (loss) $ 152,218         60,383                     60,383 76,757     15,078  
Ending balance (in shares) at Dec. 31, 2021 129,240,910               65,677,361     65,502,347                    
Ending balance at Dec. 31, 2021 $ 131,940         63,556     $ 7     $ 7   2,173     61,369 68,384        
Member's equity, beginning balance at Dec. 31, 2020 29,271                                       29,271  
Members' Equity [Abstract]                                            
Distributions (18,998)                                 (888)     (18,110)  
Repurchase of Class B Units $ (5,565)                                       (5,565)  
Member's equity, ending balance at Dec. 31, 2021                                         0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Proceeds and shares issued in the Business Combination (in shares)       63,738,563                                    
Ending balance (in shares) at Dec. 31, 2021 129,240,910               65,677,361     65,502,347                    
Ending balance at Dec. 31, 2021 $ 131,940         63,556     $ 7     $ 7   2,173     61,369 68,384        
Member's equity, ending balance at Dec. 31, 2021                                         0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation 25,160         22,862               22,862     0 2,298        
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (in shares)                 3,447,946                          
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (13)         (6)               (6)       (7)        
Issuance of common stock for acquisitions (in shares)                 4,721,706                          
Issuance of common stock for acquisitions 28,725         12,836               12,836       15,889        
Issuance of common stock - warrants exercised (in shares)                 20                          
Issuance of common stock Unit exchange (in shares)                   10,015,986 8,199,449   (10,015,986)                  
Issuance of common stock Unit exchange   $ 0         $ 8,993 $ 7,064   $ 2     $ (2)   $ 8,993 $ 7,064     $ (8,993) $ (7,064)   $ 0
Impact of tax receivable agreement due to exchanges of Class A Units 14,064         14,064               14,064                
Net income (loss) (82,651)         (115,989)                     (115,989) 33,338        
Ending balance (in shares) at Dec. 31, 2022       92,062,468 55,486,361       92,062,468     55,486,361                    
Ending balance at Dec. 31, 2022 114,777         13,380     $ 9     $ 5   67,986     (54,620) 101,397        
Members' Equity [Abstract]                                            
Distributions (2,448)                                 (2,448)        
Member's equity, ending balance at Dec. 31, 2022                                         0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation 4,681         4,396               4,396       285        
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (in shares)                 475,510                          
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes 0         0               0       0        
Issuance of common stock Unit exchange (in shares)                     35,488                      
Issuance of common stock Unit exchange     $ 0         62               62       (62)    
Net income (loss) (3,969) [1],[2]         (2,475)                     (2,475) (1,494)        
Ending balance (in shares) at Mar. 31, 2023                 92,573,466     55,486,361                    
Ending balance at Mar. 31, 2023 115,239         15,363     $ 9     $ 5   72,444     (57,095) 99,876        
Members' Equity [Abstract]                                            
Distributions (250)                                 (250)        
Beginning balance (in shares) at Dec. 31, 2022       92,062,468 55,486,361       92,062,468     55,486,361                    
Beginning balance at Dec. 31, 2022 114,777         13,380     $ 9     $ 5   67,986     (54,620) 101,397        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation 14,901         14,385               14,385       516        
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (in shares)                 2,242,930                          
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (6)         (6)               (6)                
Issuance of common stock for acquisitions 0                                          
Discharge of holdback obligation related to prior acquisition (3,607)         (1,612)               (1,612)       (1,995)        
Issuance of common stock Unit exchange (in shares)                     77,655                      
Issuance of common stock Unit exchange               131               131       (131)   $ 0
Net income (loss) (15,727)         (9,898)                     (9,898) (5,829)        
Ending balance (in shares) at Dec. 31, 2023       94,383,053 55,486,361       94,383,053     55,486,361                    
Ending balance at Dec. 31, 2023 103,151         16,380     $ 9     $ 5   80,884     (64,518) 86,771        
Member's equity, beginning balance at Dec. 31, 2022                                         0  
Members' Equity [Abstract]                                            
Distributions (7,187)                                 (7,187)        
Member's equity, ending balance at Dec. 31, 2023 103,151                                       $ 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                            
Stock-based compensation 3,175         3,115               3,115       60        
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (in shares)                 628,941                          
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (2)         (2)               (2)                
Issuance of common stock Unit exchange (in shares)                     39,741                      
Issuance of common stock Unit exchange     $ 0         $ 59               $ 59       $ (59)    
Net income (loss) 1,959         1,240                     1,240 719        
Ending balance (in shares) at Mar. 31, 2024       95,051,735 55,486,361       95,051,735     55,486,361                    
Ending balance at Mar. 31, 2024 106,828         $ 20,792     $ 9     $ 5   $ 84,056     $ (63,278) 86,036        
Members' Equity [Abstract]                                            
Distributions $ (1,455)                                 $ (1,455)        
[1] For the three months ended March 31, 2023, net revenues and general and administrative expenses have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.
[2] For the three months ended March 31, 2023, provision (benefit) for credit losses and change in accounts receivable have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.