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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Class P Units
Class A
Class V
Total WM Technology, Inc. Stockholders’ Equity
Total WM Technology, Inc. Stockholders’ Equity
Class P Units
Common Stock
Class A
Common Stock
Class A
Class P Units
Common Stock
Class V
Additional Paid-in Capital
Additional Paid-in Capital
Class P Units
(Accumulated Deficit)/ Retained Earnings
Non-controlling Interests
Non-controlling Interests
Class P Units
Beginning balance (in shares) at Dec. 31, 2022             92,062,468   55,486,361          
Beginning balance at Dec. 31, 2022 $ 114,777       $ 13,380   $ 9   $ 5 $ 67,986   $ (54,620) $ 101,397  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 4,681       4,396         4,396     285  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             475,510              
Distributions (250)                       (250)  
Issuance of common stock Unit exchange (in shares)               35,488            
Issuance of common stock Unit exchange   $ 0       $ 62         $ 62     $ (62)
Net (loss) income (3,969)       (2,475)             (2,475) (1,494)  
Ending balance (in shares) at Mar. 31, 2023             92,573,466   55,486,361          
Ending balance at Mar. 31, 2023 115,239       15,363   $ 9   $ 5 72,444   (57,095) 99,876  
Beginning balance (in shares) at Dec. 31, 2022             92,062,468   55,486,361          
Beginning balance at Dec. 31, 2022 114,777       13,380   $ 9   $ 5 67,986   (54,620) 101,397  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income [1],[2] (1,986)                          
Ending balance (in shares) at Jun. 30, 2023             93,415,644   55,486,361          
Ending balance at Jun. 30, 2023 120,474       20,496   $ 9   $ 5 76,351   (55,869) 99,978  
Beginning balance (in shares) at Mar. 31, 2023             92,573,466   55,486,361          
Beginning balance at Mar. 31, 2023 115,239       15,363   $ 9   $ 5 72,444   (57,095) 99,876  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 4,005       3,908         3,908     97  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             842,178              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (1)       (1)         (1)        
Distributions (752)                       (752)  
Net (loss) income 1,983 [2]       1,226             1,226 757  
Ending balance (in shares) at Jun. 30, 2023             93,415,644   55,486,361          
Ending balance at Jun. 30, 2023 120,474       20,496   $ 9   $ 5 76,351   (55,869) 99,978  
Beginning balance (in shares) at Dec. 31, 2023     94,383,053 55,486,361     94,383,053   55,486,361          
Beginning balance at Dec. 31, 2023 103,151       16,380   $ 9   $ 5 80,884   (64,518) 86,771  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 3,175       3,115         3,115     60  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             628,941              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (2)       (2)         (2)        
Distributions (1,455)                       (1,455)  
Issuance of common stock Unit exchange (in shares)               39,741            
Issuance of common stock Unit exchange   $ 0       $ 59         $ 59     $ (59)
Net (loss) income 1,959       1,240             1,240 719  
Ending balance (in shares) at Mar. 31, 2024             95,051,735   55,486,361          
Ending balance at Mar. 31, 2024 106,828       20,792   $ 9   $ 5 84,056   (63,278) 86,036  
Beginning balance (in shares) at Dec. 31, 2023     94,383,053 55,486,361     94,383,053   55,486,361          
Beginning balance at Dec. 31, 2023 103,151       16,380   $ 9   $ 5 80,884   (64,518) 86,771  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Net (loss) income 3,153                          
Ending balance (in shares) at Jun. 30, 2024     96,948,250 55,486,361     96,948,250   55,486,361          
Ending balance at Jun. 30, 2024 109,186       24,458   $ 10   $ 5 87,005   (62,562) 84,728  
Beginning balance (in shares) at Mar. 31, 2024             95,051,735   55,486,361          
Beginning balance at Mar. 31, 2024 106,828       20,792   $ 9   $ 5 84,056   (63,278) 86,036  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Stock-based compensation 3,009       2,950         2,950     59  
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes (in shares)             1,896,515              
Issuance of common stock - vesting of restricted stock units, net of shares withheld for taxes 0           $ 1     (1)        
Distributions (1,845)                       (1,845)  
Net (loss) income 1,194       716             716 478  
Ending balance (in shares) at Jun. 30, 2024     96,948,250 55,486,361     96,948,250   55,486,361          
Ending balance at Jun. 30, 2024 $ 109,186       $ 24,458   $ 10   $ 5 $ 87,005   $ (62,562) $ 84,728  
[1] For the six months ended June 30, 2023, provision (benefit) for credit losses and change in accounts receivable have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.
[2] For the three and six months ended June 30, 2023, net revenues and general and administrative expenses have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.