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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Q2) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenues $ 45,903,000 $ 48,423,000 [1],[2] $ 90,292,000 $ 94,839,000 [1],[2]
Costs and expenses        
Cost of revenues (exclusive of depreciation and amortization shown separately below) 2,245,000 3,239,000 [2] 4,547,000 6,733,000 [2]
Sales and marketing 11,069,000 12,567,000 [2] 20,703,000 24,627,000 [2]
Product development 9,642,000 9,200,000 [2] 18,871,000 20,134,000 [2]
General and administrative 18,529,000 16,779,000 [2] 35,055,000 37,688,000 [2]
Depreciation and amortization     6,124,000 6,022,000 [3]
Depreciation and amortization 3,187,000 2,855,000 [2] 6,124,000 6,022,000 [2]
Asset impairment charges 0 0 0 0
Total costs and expenses 44,672,000 44,640,000 [2] 85,300,000 95,204,000 [2]
Operating income (loss) 1,231,000 3,783,000 [2] 4,992,000 (365,000) [2]
Other income (expenses), net        
Change in fair value of warrant liability 460,000 (1,045,000) [2] (390,000) (320,000) [2]
Change in tax receivable agreement liability (395,000) (520,000) [2] (938,000) (620,000) [2]
Other income (expense) (60,000) (235,000) [2] (460,000) (681,000) [2]
Income (loss) before income taxes 1,236,000 1,983,000 [2] 3,204,000 (1,986,000) [2]
Provision for income taxes 42,000 0 [2] 51,000 0 [2]
Net income (loss) 1,194,000 1,983,000 [2] 3,153,000 (1,986,000) [2]
Net income (loss) attributable to noncontrolling interests 478,000 757,000 [2] 1,197,000 (737,000) [2]
Net income (loss) attributable to WM Technology, Inc. $ 716,000 $ 1,226,000 [2] $ 1,956,000 $ (1,249,000) [2]
Class A Common Stock        
Class A Common Stock:        
Basic income (loss) per share - Class A (in dollars per share) $ 0.01 $ 0.01 [2] $ 0.02 $ (0.01) [2]
Diluted income (loss) per share - Class A (in dollars per share) $ 0.01 $ 0.01 [2] $ 0.02 $ (0.01) [2]
Class A Common Stock:        
Weighted average basic shares outstanding - Class A (in shares) 95,342,596 92,851,349 [2] 95,023,380 92,589,011 [2]
Weighted average diluted shares outstanding - Class A (in shares) 97,275,700 93,622,582 [2] 96,647,173 92,589,011 [2]
[1] For the three and six months ended June 30, 2023, net revenues have been retrospectively adjusted to reflect the restatement of previously reported 2023 revenue. See Note 2, “Summary of Significant Accounting Policies,” for further information.
[2] For the three and six months ended June 30, 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.
[3] For the six months ended June 30, 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.