WM技术公司 - 2025年季度报告

Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to besubmitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act: As of May1, 2025, there were105,053,766shares of the registrant’s Class A common stock outstanding and49,319,542shares of Class V common stock outstanding. WM TECHNOLOGY, INC. TABLE OF CONTENTS Forward-Looking Statements Part I - Financial Information Item 1.Condensed ConsolidatedFinancial Statements(Unaudited)Condensed Consolidated Balance Sheets as of March31, 2025 and December31, 2024Condensed Consolidated Statements of Operations for the Three Months Ended March31, 2025 and 2024 Part II - Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of Proceeds CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended, (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical factscontained in this report, including statements regarding our future results of operations and financial condition, business strategy andplans and objectives of management for future operations, are forward-looking statements. In some cases, forward-looking statements •our financial and business performance, including key business metrics and any underlying assumptions thereunder;•our market opportunity and our ability to acquire new clients and retain existing clients;•our expectations and timing related to commercial product launches;•the success of our go-to-market strategy;•our ability to scale our business and expand our offerings;•our competitive advantages and growth strategies;•our future capital requirements and sources and uses of cash;•our ability to obtain funding for our future operations;•the impact of material weaknesses in our internal controls and our ability to remediate any such material weakness on thetiming we anticipate, or at all;•our ability to maintain our listing on the Nasdaq Stock Market LLC (“Nasdaq”);•the impact of the restatement on our reputation and investor confidence in us and the increased possibility of legalproceedings and regulatory inquiries;•the outcome of any known and unknown litigation and regulatory proceedings;•changes in domestic and foreign business, market, financial, political and legal conditions; You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statementscontained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trendsthat we believe may affect our business, financial condition, and operating results. The outcome of the events described in these Table of Contents March 13, 2025. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emergefrom time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-lookingstatements contained in this Quarterly Report on Form 10-Q. The results, events, and circumstances reflected in the forward-looking In addition, statements that “we believe,” and similar statements reflect our beliefs and opinions on the relevant subject. Thesestatements are based on information available to us as of the date of this Quarterly Report on Form 10-Q. While we believe thatinformation provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which thestatements are made. We undertake no obligation to update any forward-looking statements made in