Wm TECHNOLOGY, Inc. (MAPS) intrinsic value & 10-year financials

Wm TECHNOLOGY, Inc. (MAPS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 3.2% a year to $174.7M, with an average return on invested capital of -21.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.31
Market cap
$33.5M
Revenue (FY2025)
$174.7M
Revenue growth (8-yr CAGR)
3.2%
ROIC (10-yr avg)
-21.7%
Free cash flow (FY2025)
$13.5M

MAPS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $174.7M $2.0M — $13.5M 0.4% 5.2%
FY2024 $184.5M $7.6M — $25.0M 8.0% 152.0%
FY2023 $188.0M -$9.9M — $11.1M -9.8% -139.7%
FY2022 $215.5M -$116.0M — -$27.7M -32.3% -131.4%
FY2021 $193.1M $60.4M — $15.2M -4.2% -23.3%
FY2020 $161.8M -$1.6M — -$1.9M -2.4% -77.3%
FY2019 $144.2M -$375.0K — $1.2M 4.4% 62.9%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

WM TECHNOLOGY, INC. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

WM TECHNOLOGY, INC. has historically struggled to out-earn its cost of capital, averaging just -43.1% ROIC.

WM TECHNOLOGY, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, WM TECHNOLOGY, INC. is modeled at -62.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.82 per share.

MAPS stock: frequently asked questions

Does Wm TECHNOLOGY, Inc. generate free cash flow?

Wm TECHNOLOGY, Inc. generated $13.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 7 reported years.

What is MAPS's return on invested capital?

Average ROIC over the last 8 fiscal years was -21.7%, and average return on equity was -28.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MAPS data come from?

From Wm TECHNOLOGY, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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