Flagship explainer

How WM TECHNOLOGY, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$175M · 100%Cost of revenue$8.8M · 5%Gross profit$166M · 95%Operating income$766000 · 0%Income before tax$3.4M · 2%Income tax$93000 · 0%Net income$2M · 1%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$175M100%
Cost of revenue$8.8M5%
$166M95%
$7660000%
Income before tax$3.4M2%
Income tax$930000%
$2M1%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full WM TECHNOLOGY, INC. analysis at Buy Like Buffett