XML 153 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Q2) - USD ($)
$ in Thousands
Total
Class P Units
Class A
Class V
Total WM Technology, Inc. Stockholders' Equity
Total WM Technology, Inc. Stockholders' Equity
Class P Units
Common Stock
Class A
Common Stock
Class A
Class P Units
Common Stock
Class V
Additional Paid-in Capital
Additional Paid-in Capital
Class P Units
(Accumulated Deficit)/ Retained Earnings
Non-controlling Interests
Non-controlling Interests
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  
Distributions (18,998)                       (888)  
Net income (loss) $ 152,218       60,383             60,383 76,757  
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  
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 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)  
Distributions (2,448)                       (2,448)  
Issuance of common stock Unit exchange (in shares)               8,199,449            
Issuance of common stock Unit exchange           $ 7,064         $ 7,064     $ (7,064)
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  
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 taxes (in shares)             475,510              
Distributions (250)                       (250)  
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)       (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  
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]                            
Net income (loss) [1] (1,986)                          
Ending balance (in shares) at Jun. 30, 2023             93,415,644   55,486,361          
Ending balance at Jun. 30, 2023 120,474       20,496   $ 9   $ 5 76,351   (55,869) 99,978  
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 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)        
Distributions (7,187)                       (7,187)  
Issuance of common stock Unit exchange (in shares)               77,655            
Issuance of common stock Unit exchange           131         131     (131)
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  
Beginning balance (in shares) at Mar. 31, 2023             92,573,466   55,486,361          
Beginning balance at Mar. 31, 2023 115,239       15,363   $ 9   $ 5 72,444   (57,095) 99,876  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 4,005       3,908         3,908     97  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             842,178              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (1)       (1)         (1)        
Distributions (752)                       (752)  
Net income (loss) 1,983 [1]       1,226             1,226 757  
Ending balance (in shares) at Jun. 30, 2023             93,415,644   55,486,361          
Ending balance at Jun. 30, 2023 120,474       20,496   $ 9   $ 5 76,351   (55,869) 99,978  
Beginning balance (in shares) at Dec. 31, 2023     94,383,053 55,486,361     94,383,053   55,486,361          
Beginning balance at Dec. 31, 2023 103,151       16,380   $ 9   $ 5 80,884   (64,518) 86,771  
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 taxes (in shares)             628,941              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes (2)       (2)         (2)        
Distributions (1,455)                       (1,455)  
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          
Ending balance at Mar. 31, 2024 106,828       20,792   $ 9   $ 5 84,056   (63,278) 86,036  
Beginning balance (in shares) at Dec. 31, 2023     94,383,053 55,486,361     94,383,053   55,486,361          
Beginning balance at Dec. 31, 2023 103,151       16,380   $ 9   $ 5 80,884   (64,518) 86,771  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net income (loss) 3,153                          
Ending balance (in shares) at Jun. 30, 2024     96,948,250 55,486,361     96,948,250   55,486,361          
Ending balance at Jun. 30, 2024 109,186       24,458   $ 10   $ 5 87,005   (62,562) 84,728  
Beginning balance (in shares) at Mar. 31, 2024             95,051,735   55,486,361          
Beginning balance at Mar. 31, 2024 106,828       20,792   $ 9   $ 5 84,056   (63,278) 86,036  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 3,009       2,950         2,950     59  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             1,896,515              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for employee taxes 0           $ 1     (1)        
Distributions (1,845)                       (1,845)  
Net income (loss) 1,194       716             716 478  
Ending balance (in shares) at Jun. 30, 2024     96,948,250 55,486,361     96,948,250   55,486,361          
Ending balance at Jun. 30, 2024 $ 109,186       $ 24,458   $ 10   $ 5 $ 87,005   $ (62,562) $ 84,728  
[1] 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.