Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 six months ending June 30, 2023 and 2022 (amounts in thousands, except for share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income (loss)	$	1,983	$	19,848	$	(1,986)	$	(11,385)

Less: net income (loss) attributable to noncontrolling interests	757		8,156		(737)		(9,184)
Net income (loss) attributable to WM Technology, Inc. Class A Common Stock - basic	$	1,226	$	11,692	$	(1,249)	$	(2,201)
Effect of dilutive securities:
Less: fair value change of Public and Private Placement Warrants, net of amounts attributable to noncontrolling interests	—		—		—		—
Net income (loss) attributable to WM Technology, Inc. Class A Common Stock - diluted	$	1,226	$	11,692	$	(1,249)	$	(2,201)
Denominator:
Weighted average of shares of Class A Common Stock outstanding - basic	92,851,349		86,425,352		92,589,011		79,476,383
Weighted average effect of dilutive securities:


Acquisition holdback shares	677,847		677,847		—		—
Restricted stock units	93,386		127,651		—		—
Weighted average of shares of Class A Common Stock outstanding - diluted	93,622,582		87,230,850		92,589,011		79,476,383

Net income (loss) per share of Class A Common Stock - basic	$	0.01	$	0.14	$	(0.01)	$	(0.03)
Net income (loss) per share of Class A Common Stock - diluted	$	0.01	$	0.13	$	(0.01)	$	(0.03)

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 June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Class A Units	55,486,361	56,466,013	55,486,361	56,466,013
Class P Units	14,986,127	15,740,281	14,986,127	15,740,281
RSUs	—	—	6,977,020	10,244,184
PRSUs	859,375	2,437,500	859,375	2,437,500
Public Warrants	12,499,973	12,499,973	12,499,973	12,499,973
Private Placement Warrants	7,000,000	7,000,000	7,000,000	7,000,000
Acquisition holdback shares	—	—	677,847	677,847