Reading MAPS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track MAPS free→Reading MAPS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track MAPS free→Information TechnologySnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is robust, cash backs up reported profits, but risk is high. The sector backdrop is a tailwind, and compared with sector peers, MAPS is above typical. Peer multiples imply a price about 59% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 1 valuation methods, at three horizons. Current price $0.17. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $0.17 MAPS trades at 11× p/e, below its 29× p/e peer median. Our $0.43 fair value sits above the price; medium confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 60% below a flat-multiple fair value, below our forecast of about -8%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 12.91x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates, the US dollar.
10 material management or governance events in the past 24 months, led by executive changes. Historically, Information Technology names rated volatile grew net income 58% of the time over the next year (vs 61% for the rest of the cohort, n=793).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$230.
How much price usually moves either way.
On a bad day, this stock has moved -$697.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $8,692.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: The FOMC decision can impact interest rates and investor sentiment. This could affect WM Technology's funding and growth plans.
Confirms one read:FOMC raises interest rates or signals a tightening stance.
Confirms the other:FOMC keeps interest rates steady or signals a dovish stance.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for MAPS yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such a filing.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
A side-by-side read on sector standing, valuation, and risk versus Information Technology (broad).
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
MAPS WM Technology, Inc. | Above typical Show detailsSector percentile: 78 of 100 | inexpensive | high |
NVDA NVIDIA Corporation | Above typical Show detailsSector percentile: 86 of 100 | inexpensive | moderate |
AAPL Apple Inc | Above typical Show detailsSector percentile: 75 of 100 | expensive | moderate |
MSFT Microsoft | Above typical Show detailsSector percentile: 84 of 100 | full | moderate |
TSM Taiwan Semiconductor Manufacturing Co. Ltd. | — | — | moderate |
Not investment advice. As of 2026-06-15.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Focus on stabilizing and growing revenue amidst sequential declines.
Stated in 3 of last 3 quarters. Revenue declined from $46.5M in 2024-Q3 to $43.6M in 2026-Q1. Despite management's focus on stabilization, the trajectory shows persistent declines, indicating limited progress in reversing the trend.
“The Company expects second quarter 2026 revenue to decline by low-single digit percentages sequentially.”
“Revenue is expected to be in the range of approximately $42 million to $44 million.”
“WM Technology is issuing guidance for the fourth quarter of 2025 as follows: Revenue is estimated to be approximately $41 million to $43 million.”
Aim to improve Adjusted EBITDA within the guided range of $5M to $7M.
Stated in 2 of last 2 quarters. Management has consistently guided Adjusted EBITDA to be between $5M and $7M. However, the financials do not provide specific EBITDA figures, making it difficult to assess progress against this target.
“Adjusted EBITDA is expected to be in the range of approximately $5 million to $7 million.”
Address the delisting notice and work towards compliance with Nasdaq listing standards.
Stated in 2 of last 2 quarters. The company has received a delisting notice and has voluntarily decided to delist from Nasdaq. This indicates a significant regulatory challenge, with no clear resolution trajectory provided in the disclosures.
“The Company provided notice of its voluntary intention to delist from the Nasdaq.”
Why it matters: Retail sales data shows how much consumers are spending. This is key for WM Technology's market outlook.
Confirms one read:Retail sales report shows stronger than expected growth.
Confirms the other:Retail sales report shows weaker than expected growth.
Why it matters: If revenue growth drops below average, it may show a slowdown. This could hurt WM Technology's performance and make investors worried.
Confirms:Sector revenue growth reported below its median level.
Disproves:Sector revenue growth remains above its median level.
is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Forward-Looking Statements. This Current Report on Form 8-K includes “forward-looking statements”…
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 7, 2026, WM Technology, Inc. (the “Company”) provided notice of its voluntary intention to delist the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and warrants to purchase shares of its Common Stock (the “Warrants”) from the Nasdaq Global Select Market (“Nasdaq”) and eventual deregistration of the Common Stock and the Warrants under the Securities…
Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm On April 3, 2026, following approval by the Audit Committee (the “Audit Committee”) of the Board of Directors (the “Board”) of the Company, the Company dismissed its independent registered public accounting firm, Baker Tilly US, LLP (“BT”), effective immediately. As reported below, the Company engaged Macias Gini & O’Connell LLP as the Company's independent registered public accountin…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 6, 2026, Scott Gordon notified the Company of his decision to resign as a member of the Board and all committees of the Board, effective immediately. Mr. Gordon’s decision was not based on any disagreement with the Company or on any matter relating to the Company’s operations, policies or practices.
“Non-GAAP Adjusted EBITDA is estimated to be approximately $5 million to $7 million.”
“The Company received a letter from Nasdaq notifying the Company of non-compliance with listing standards.”