WM Technology
Weedmaps connects cannabis consumers with licensed retailers and brands.
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Profile
WM Technology operates Weedmaps, an online cannabis marketplace, and sells ecommerce, advertising, analytics and compliance software to cannabis retailers, delivery operators and brands. Its growth depends on licensed-market density, consumer engagement and changing cannabis regulation.
Founded in 2008 and headquartered in Irvine, California, WM Technology is the company behind Weedmaps, a commerce-focused cannabis marketplace. Its consumer app and website let users discover retailers, brands and products, compare local product details, view deals, learn about cannabis and reserve products for pickup or delivery through participating retailers. The business side sells Weedmaps for Business, a SaaS suite for licensed retailers, delivery operators and brands, with listing pages, order intake, embedded stores, inventory and menu connectors, analytics, advertising tools and delivery software.
Retailers complete orders and process payments outside Weedmaps, so the platform functions as a discovery and software layer rather than the merchant of record. The company's prospects depend on adoption by licensed cannabis operators, consumer traffic, accurate marketplace data and a regulatory environment that allows state-legal cannabis markets to keep developing.
Company facts
Key statistics
Year to date −53.6% · Average volume (30d) 348.5K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.03 | $0.02 | −33.3% | $42.7M | $42.4M | −0.6% | +1.47% |
| Mar 12, 2026Q4 FY25 | $0.03 | −$0.03 | −200.0% | $42.3M | $43.1M | +1.8% | −10.30% |
| Nov 6, 2025Q3 FY25 | $0.04 | $0.02 | −42.9% | $42.0M | $42.2M | +0.4% | −3.01% |
| Aug 7, 2025Q2 FY25 | $0.04 | $0.01 | −75.0% | $42.0M | $44.8M | +6.8% | +3.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $44.6M | $44.8M | $42.2M | $43.1M | $43.6M | $42.4M | |
| Gross profit | $42.4M | $42.6M | $40.1M | $27.5M | $41.4M | $36.7M | |
| Operating income | $2.6M | $2.0M | $2.0M | $2.0M | $199.0K | $334.0K | |
| Net income | $1.6M | $1.4M | $2.5M | −$3.6M | $1.2M | $2.0M | |
| Diluted EPS | $0.02 | $0.01 | $0.02 | −$0.03 | $0.01 | $0.02 | |
| Gross margin | 95.0% | 94.9% | 95.0% | 63.8% | 94.9% | 86.5% | |
| Operating margin | 5.9% | 4.4% | 4.6% | 4.6% | 0.5% | 0.8% |
Fiscal years (4-quarter sums)FY21 $193.1M · FY22 $215.5M · FY23 $182.9M · FY24 $184.5M · FY25 $174.7M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $60.5M · Total debt $24.7M · Total assets $190.6M · Shareholders' equity $62.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 111.38M · Float 94.23M · 84.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Douglas Francis · director, 10 percent owner, officer: Chief Executive Officer | 8.23M | 7.39% | Form 4 | Aug 19, 2026 |
| Senvest Management, LLC | 6.19M | 5.60% | 13G | Jul 9, 2026 |
| BlackRock, Inc. | 5.46M | 4.90% | 13F | May 13, 2026 |
| Morgan Stanley | 5.04M | 4.53% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 4.23M | 3.80% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 17, 2026 | Brenda Freeman | director | −62,501 | $0.3671 |
| Feb 18, 2026 | Douglas Francis | director, 10 percent owner, officer: Chief Executive Officer | −103,019 | $0.6764 |
| Feb 18, 2026 | Brian Camire | officer: GENERAL COUNSEL | −101,209 | $0.6764 |
| Feb 18, 2026 | Sarah Griffis | officer: Chief Technology Officer | −271,032 | $0.6764 |
| Nov 18, 2025 | Douglas Francis | director, 10 percent owner, officer: Chief Executive Officer | −158,733 | $0.8309 |
Peers
Not reported.