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.
2019
457
LTM Revenue $184M
LTM EBITDA $39.3M
$87.4M
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WM Tech has a last 12-month revenue of $184M and a last 12-month EBITDA of $39.3M.
In the most recent fiscal year, WM Tech achieved revenue of $185M and an EBITDA of $31.8M.
WM Tech expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See WM Tech valuation multiples based on analyst estimatesFY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $188M | $185M | XXX | XXX | XXX |
Gross Profit | $200M | $175M | XXX | XXX | XXX |
Gross Margin | 106% | 95% | XXX | XXX | XXX |
EBITDA | $23.0M | $31.8M | XXX | XXX | XXX |
EBITDA Margin | 12% | 17% | XXX | XXX | XXX |
Net Profit | -$116M | -$9.9M | XXX | XXX | XXX |
Net Margin | -62% | -5% | XXX | XXX | XXX |
Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, WM Tech's stock price is $1.
WM Tech has current market cap of $109M, and EV of $87.4M.
See WM Tech trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$87.4M | $109M | XXX | XXX | XXX | XXX | $0.08 |
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Sign UpAs of April 15, 2025, WM Tech has market cap of $109M and EV of $87.4M.
WM Tech's trades at 0.5x LTM EV/Revenue multiple, and 2.2x LTM EBITDA.
Analysts estimate WM Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for WM Tech and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $87.4M | XXX | XXX | XXX |
EV/Revenue | 0.5x | XXX | XXX | XXX |
EV/EBITDA | 2.7x | XXX | XXX | XXX |
P/E | 14.3x | XXX | XXX | XXX |
P/E/Growth | 0.3x | XXX | XXX | XXX |
EV/FCF | 3.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpWM Tech's NTM/LTM revenue growth is 3%
WM Tech's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, WM Tech's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate WM Tech's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for WM Tech and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | -2% | XXX | XXX | XXX | XXX |
EBITDA Margin | 17% | XXX | XXX | XXX | XXX |
EBITDA Growth | 38% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | 38% | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
Opex to Revenue | 87% | XXX | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
Live Verdure | XXX | XXX | XXX | XXX | XXX | XXX |
Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
Ayr Wellness | XXX | XXX | XXX | XXX | XXX | XXX |
Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
Grown Rogue | 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 acquired XXX companies to date.
Last acquisition by WM Tech was XXXXXXXX, XXXXX XXXXX XXXXXX . WM Tech acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was WM Tech founded? | WM Tech was founded in 2019. |
Where is WM Tech headquartered? | WM Tech is headquartered in United States of America. |
How many employees does WM Tech have? | As of today, WM Tech has 457 employees. |
Who is the CEO of WM Tech? | WM Tech's CEO is Mr. Douglas Francis. |
Is WM Tech publicy listed? | Yes, WM Tech is a public company listed on NAS. |
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? | Similar companies to WM Tech include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs. |
What is the current market cap of WM Tech? | WM Tech's current market cap is $109M |
What is the current revenue of WM Tech? | WM Tech's last 12-month revenue is $184M. |
What is the current EBITDA of WM Tech? | WM Tech's last 12-month EBITDA is $39.3M. |
What is the current EV/Revenue multiple of WM Tech? | Current revenue multiple of WM Tech is 0.5x. |
What is the current EV/EBITDA multiple of WM Tech? | Current EBITDA multiple of WM Tech is 2.2x. |
What is the current revenue growth of WM Tech? | WM Tech revenue growth between 2023 and 2024 was -2%. |
Is WM Tech profitable? | Yes, WM Tech is EBITDA-positive (as of the last 12 months). |
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