XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net revenues $ 47,725,000 $ 50,500,000 $ 146,584,000 $ 166,246,000
Operating expenses        
Cost of revenues (exclusive of depreciation and amortization shown separately below) 3,015,000 4,272,000 9,748,000 11,870,000
Sales and marketing 11,544,000 17,882,000 36,171,000 61,887,000
Product development 7,748,000 11,988,000 27,882,000 38,341,000
General and administrative 19,189,000 33,490,000 60,897,000 92,155,000
Depreciation and amortization 11,777,000 2,513,000 17,799,000 8,916,000
Total operating expenses 53,273,000 70,145,000 152,497,000 213,169,000
Operating loss (5,548,000) (19,645,000) (5,913,000) (46,923,000)
Other income (expenses), net        
Change in fair value of warrant liability (460,000) 6,590,000 (780,000) 20,605,000
Change in tax receivable agreement liability (69,000) 0 (689,000) 0
Other income (expense) 3,565,000 (50,000) 2,884,000 (1,230,000)
Loss before income taxes (2,512,000) (13,105,000) (4,498,000) (27,548,000)
Benefit from income taxes 0 (2,641,000) 0 (5,699,000)
Net loss (2,512,000) (10,464,000) (4,498,000) (21,849,000)
Net loss attributable to noncontrolling interests (974,000) (5,300,000) (1,711,000) (14,484,000)
Net loss attributable to WM Technology, Inc. $ (1,538,000) $ (5,164,000) $ (2,787,000) $ (7,365,000)
Class A Common Stock        
Class A Common Stock:        
Basic loss per share - Class A (in dollars per share) $ (0.02) $ (0.06) $ (0.03) $ (0.09)
Diluted loss per share - Class A (in dollars per share) $ (0.02) $ (0.06) $ (0.03) $ (0.09)
Class A Common Stock:        
Weighted average basic shares outstanding - Class A (in shares) 93,651,871 89,552,914 92,947,191 82,872,137
Weighted average diluted shares outstanding - Class A (in shares) 93,651,871 89,552,914 92,947,191 82,872,137