Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Earnings Per Share, Basic and Diluted

The computation of income (loss) per share attributable to WM Technology, Inc. and weighted-average shares of the Company’s Class A Common Stock outstanding are as follows for the three and nine months ended September 30, 2022 and 2021 (amounts in thousands, except for share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net (loss) income	$	(10,464)	$	49,205	$	(21,849)	$	73,773
Less: net income attributable to WMH prior to the Business Combination	—		—		—		15,078
Less: net (loss) income attributable to noncontrolling interests after the Business Combination	(5,300)		28,370		(14,484)		33,597
Net (loss) income attributable to WM Technology, Inc. Class A Common Stock - basic	(5,164)		20,835		(7,365)		25,098
Effect of dilutive securities:
Less: fair value change of Public and Private Placement Warrants, net of amounts attributable to noncontrolling interests	—		19,618		—		35,679
Net (loss) income attributable to WM Technology, Inc. Class A Common Stock - diluted	$	(5,164)	$	1,217	$	(7,365)	$	(10,581)
Denominator:
Weighted average of shares of Class A Common Stock outstanding - basic	89,552,914		64,216,732		82,872,137		64,149,699
Weighted average effect of dilutive securities:
Public warrants1	—		2,558,783		—		3,718,232
Private warrants1	—		1,432,918		—		2,082,210

Restricted stock units1	—		95,939		—		—
Weighted average of shares of Class A Common Stock outstanding - diluted	89,552,914		68,304,372		82,872,137		69,950,141

Net (loss) income per share of Class A Common Stock - basic	$	(0.06)	$	0.32	$	(0.09)	$	0.39
Net (loss) income per share of Class A Common Stock - diluted	$	(0.06)	$	0.02	$	(0.09)	$	(0.15)

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¹Calculated using the treasury stock method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The Company excluded the following securities from its computation of diluted shares outstanding for the periods presented, as their effect would have been anti-dilutive:


	Three Months Ended September 30,			Nine Months Ended September 30,
	2022	2021		2022	2021
Class A Units	56,066,624	65,502,347		56,066,624	65,502,347
Class P Units	15,419,821	25,679,122		15,419,821	25,679,121
RSUs	8,859,553	—	—	8,859,553	3,858,945
PRSUs	2,437,500	—		2,437,500	—
Public Warrants	12,499,973	—		12,499,973	—
Private Placement Warrants	7,000,000	—		7,000,000	—
Acquisition holdback shares	677,847	—		677,847	—