Monitor the full earnings release on May 11 for actual GAAP results, EPS, and clarification on delisting timeline; assess whether OTC trading impacts liquidity and institutional ownership.
Price Chart
Executive Summary
WM Technology reported preliminary Q1 2026 revenue of $42M–$44M, within a range of slight growth or decline compared to Q4 2025's $43.1M, and expects adjusted EBITDA of $5M–$7M. The company also announced plans to delist from Nasdaq and trade on OTCQX, citing strategic flexibility.
Key Financial Metrics
Key Facts
- Preliminary Q1 2026 revenue expected between $42 million and $44 million
- Adjusted EBITDA expected between $5 million and $7 million
- Cash, cash equivalents, and investments totaled approximately $57 million as of March 31, 2026
- Company announced plans to voluntarily delist from Nasdaq and trade on OTCQX
- No reconciliation of adjusted EBITDA to net income provided due to preliminary nature
Financial Impact
Revenue flat to slightly down sequentially; adjusted EBITDA margin of 11.9% to 15.9% implies profitability pressure
Risk Factors
- Delisting from Nasdaq may reduce stock liquidity and investor visibility
- Preliminary financials lack GAAP reconciliation, increasing uncertainty
- Cannabis industry headwinds continue to pressure client spending and margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001779474-26-000017 |
| Exhibit: exhibit991pressrelease4172.htm | 0001779474-26-000017 |
| Document: 0001779474-26-000017-index-headers.html | 0001779474-26-000017 |
| Document: 0001779474-26-000017-index.html | 0001779474-26-000017 |
| Document: 0001779474-26-000017.txt | 0001779474-26-000017 |
| 8-K Data (Synthetic) | 0001779474-26-000017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 17, 2026 27w ago | 8-K | $0.007100 $0.007100 | · 0.00% | ▼ −4.20% | $0.2950 (+4054.93%) |
Apr 7, 2026 28w ago | 8-K | $0.007100 $0.007100 | · 0.00% | ▲ +8.54% | $0.2950 (−4054.93%) |
US Market Status
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