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WM Tech Valuation Multiples
Discover revenue and EBITDA valuation multiples for WM Tech and similar public comparables like Giftify, Coconala, PhoneX Holdings, VELTRA and more.
WM Tech Overview
About WM Tech
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises the B2C platform Weedmaps, and B2B software WM Business. Its revenues are derived primarily from monthly subscriptions to Weedmaps for Business, featured and deal listings and other WM Ad solutions. The Weedmaps for Business subscriptions generally have one-month terms that automatically renew unless notice of cancellation is provided in advance. Featured and deal listings and other WM Ad solutions are offered as add-on products to the Weedmaps for Business subscriptions. Featured and deal listings provide customers with premium placement ad solutions and discount and promotion pricing tools. Other WM Ad solutions include banner ads and promotion tiles on marketplace ads.
Founded
2019
HQ
Employees
457
Website
Financials (LTM)
EV
$5M
WM Tech Financials
WM Tech reported last 12-month revenue of $171M and EBITDA of $36M.
In the same LTM period, WM Tech generated $163M in gross profit, $36M in EBITDA, and $7M in net income.
Revenue (LTM)
WM Tech P&L
In the most recent fiscal year, WM Tech reported revenue of $175M and EBITDA of $40M.
WM Tech expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $171M | XXX | $175M | XXX | XXX | XXX |
| Gross Profit | $163M | XXX | $166M | XXX | XXX | XXX |
| Gross Margin | 95% | XXX | 95% | XXX | XXX | XXX |
| EBITDA | $36M | XXX | $40M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $7M | XXX | $2M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 1% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
WM Tech Stock Performance
WM Tech has current market cap of $40M, and enterprise value of $5M.
Market Cap Evolution
WM Tech's stock price is $0.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5M | $40M | -5.9% | XXX | XXX | XXX | $0.02 |
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Start Free TrialWM Tech Valuation Multiples
WM Tech trades at 0.0x EV/Revenue multiple, and 0.1x EV/EBITDA.
EV / Revenue (LTM)
WM Tech Financial Valuation Multiples
As of April 17, 2026, WM Tech has market cap of $40M and EV of $5M.
Equity research analysts estimate WM Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
WM Tech has a P/E ratio of 6.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $40M | XXX | $40M | XXX | XXX | XXX |
| EV (current) | $5M | XXX | $5M | XXX | XXX | XXX |
| EV/Revenue | 0.0x | XXX | 0.0x | XXX | XXX | XXX |
| EV/EBITDA | 0.1x | XXX | 0.1x | XXX | XXX | XXX |
| EV/EBIT | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/Gross Profit | 0.0x | XXX | 0.0x | XXX | XXX | XXX |
| P/E | 6.0x | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified WM Tech Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
WM Tech Margins & Growth Rates
WM Tech's revenue in the last 12 month declined by (4%).
WM Tech's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
WM Tech's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
WM Tech's rule of X is 0% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
WM Tech Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (4%) | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | (23%) | XXX | (32%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 0% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 19% | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 40% | XXX | 44% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 17% | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 90% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
WM Tech Public Comps
See public comps and valuation multiples for other Cannabis and Vertical Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| WM Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Giftify | XXX | XXX | XXX | XXX | XXX | XXX |
| Coconala | XXX | XXX | XXX | XXX | XXX | XXX |
| PhoneX Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| VELTRA | XXX | XXX | XXX | XXX | XXX | XXX |
| Freelancer | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
WM Tech M&A Activity
WM Tech acquired XXX companies to date.
Last acquisition by WM Tech was on XXXXXXXX, XXXXX. WM Tech acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by WM Tech
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWM Tech Investment Activity
WM Tech invested in XXX companies to date.
WM Tech made its latest investment on XXXXXXXX, XXXXX. WM Tech invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by WM Tech
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout WM Tech
| When was WM Tech founded? | WM Tech was founded in 2019. |
| Where is WM Tech headquartered? | WM Tech is headquartered in United States. |
| How many employees does WM Tech have? | As of today, WM Tech has over 457 employees. |
| Who is the CEO of WM Tech? | WM Tech's CEO is Douglas Francis. |
| Is WM Tech publicly listed? | Yes, WM Tech is a public company listed on Nasdaq. |
| What is the stock symbol of WM Tech? | WM Tech trades under MAPS ticker. |
| When did WM Tech go public? | WM Tech went public in 2021. |
| Who are competitors of WM Tech? | WM Tech main competitors are Giftify, Coconala, PhoneX Holdings, VELTRA. |
| What is the current market cap of WM Tech? | WM Tech's current market cap is $40M. |
| What is the current revenue of WM Tech? | WM Tech's last 12 months revenue is $171M. |
| What is the current revenue growth of WM Tech? | WM Tech revenue growth (NTM/LTM) is (4%). |
| What is the current EV/Revenue multiple of WM Tech? | Current revenue multiple of WM Tech is 0.0x. |
| Is WM Tech profitable? | Yes, WM Tech is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of WM Tech? | WM Tech's last 12 months EBITDA is $36M. |
| What is WM Tech's EBITDA margin? | WM Tech's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of WM Tech? | Current EBITDA multiple of WM Tech is 0.1x. |
| What is the current FCF of WM Tech? | WM Tech's last 12 months FCF is $15M. |
| What is WM Tech's FCF margin? | WM Tech's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of WM Tech? | Current FCF multiple of WM Tech is 0.3x. |
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