Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per ShareBasic income (loss) per share of Class A Common Stock is computed by dividing net earnings (loss) attributable to WM Technology, Inc. by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted income (loss) per share of Class A Common Stock adjusts basic net income (loss) per share of Class A Common Stock for the potentially dilutive impact of securities. For warrants that are liability-classified, during periods when the impact is dilutive, the

Company assumes share settlement of the instruments as of the beginning of the reporting period and adjusts the numerator to remove the change in fair value of the warrant liability, net of the portion attributable to non-controlling interests, and adjusts the denominator to include the dilutive shares calculated using the treasury stock method.

The computation of 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 months ended March 31, 2023 and 2022 (amounts in thousands, except for share and per share amounts):


	Three Months Ended March 31,
	2023		2022
Numerator:
Net loss	$	(3,969)	$	(31,233)

Less: net loss attributable to noncontrolling interests	(1,494)		(17,340)
Net loss attributable to WM Technology, Inc. Class A Common Stock - basic and diluted	$	(2,475)	$	(13,893)



Denominator:
Weighted average of shares of Class A Common Stock outstanding - basic and diluted	92,323,757		72,450,204







Net loss per share of Class A Common Stock - basic and diluted	$	(0.03)	$	(0.19)

Shares of the Class V Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V Common Stock under the two-class method has not been presented.

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 March 31,
	2023	2022
Class A Units	55,486,361	61,206,773
Class P Units	15,024,862	16,249,030
RSUs	5,909,464	10,229,846
PRSUs	859,375	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