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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 47,604 $ 67,777
Accounts receivable, net 27,305 17,550
Prepaid expenses and other current assets 15,375 13,607
Total current assets 90,284 98,934
Property and equipment, net 21,211 13,283
Goodwill 67,156 45,295
Intangible assets, net 11,259 8,299
Right-of-use assets 33,805 36,549
Deferred tax assets 183,222 152,097
Other assets 10,774 10,687
Total assets 417,711 365,144
Current liabilities    
Accounts payable and accrued expenses 31,317 23,155
Deferred revenue 7,522 8,057
Operating lease liabilities, current 5,885 5,463
Other current liabilities 98 1,125
Total current liabilities 44,822 37,800
Operating lease liabilities, non-current 36,321 39,377
Tax Receivable Agreement liability 142,726 128,567
Warrant liability 13,445 27,460
Other long-term liabilities 2,473 0
Total liabilities 239,787 233,204
Commitments and contingencies (Note 3)
Stockholders’ equity    
Preferred Stock - $0.0001 par value; 75,000,000 shares authorized; no shares issued and outstanding at June 30, 2022 and December 31, 2021 0 0
Additional paid-in capital 59,135 2,173
Retained earnings 59,168 61,369
Total WM Technology, Inc. stockholders’ equity 118,317 63,556
Noncontrolling interests 59,607 68,384
Total equity 177,924 131,940
Total liabilities and equity 417,711 365,144
Class A Common Stock    
Stockholders’ equity    
Common Stock 9 7
Class V Common Stock    
Stockholders’ equity    
Common Stock $ 5 $ 7