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Earnings Per Share (Q3) (Tables) | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The computation of income (loss) per share attributable to WM Technology, Inc. and weighted-average shares of the Company’s Class A Common Stock outstanding are as follows for the three months ended September 30, 2021 and for period from June 16, 2021 (Closing Date) to September 30, 2021 (amounts in thousands, except for share and per share amounts):
|  | Three Months Ended September 30, 2021 |  |  | Nine Months Ended September 30, 2021 |
Numerator: |  |  |  |  |  |
Net income |  | $ | 49,205 |  |  | $ | 73,773 |
Less: net income attributable to WMH LLC prior to the Business Combination |  |  | — |  |  |  | 15,078 |
Less: net income attributable to noncontrolling interests after the Business Combination |  |  | 28,370 |  |  |  | 33,597 |
Net income attributable to WM Technology, Inc. - Basic |  |  | 20,835 |  |  |  | 25,098 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Less: fair value change of Public and Private Placement Warrants, net of amounts attributable to noncontrolling interests |  |  | 19,618 |  |  |  | 35,679 |
Net income (loss) attributable to WM Technology, Inc. - Diluted |  | $ | 1,217 |  |  | $ | (10,581 | )
Denominator: |  |  |  |  |  |  |  |
Weighted average Class A Common Stock outstanding - Basic |  |  | 64,216,732 |  |  |  | 64,149,699 |
Weighted average effect of dilutive securities: |  |  |  |  |  |  |  |
Public Warrants1 |  |  | 2,558,783 |  |  |  | 3,718,232 |
Private Placement Warrants1 |  |  | 1,432,918 |  |  |  | 2,082,210 |
Restricted stock units1 |  |  | 95,939 |  |  |  | — |
Weighted average Class A Common Stock outstanding - Diluted |  |  | 68,304,372 |  |  |  | 69,950,141 |
Net income (loss) per share of Class A Common Stock: |  |  |  |  |  |  |  |
Net income per share of Class A Common Stock - Basic |  | $ | 0.32 |  |  | $ | 0.39 |
Net income (loss) per share of Class A Common Stock - Diluted |  | $ | 0.02 |  |  | $ | (0.15 | )
1 | Calculated using the treasury stock method.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The Company excluded the following securities from its computation of diluted shares outstanding, as their effect would have been anti-dilutive:
|  | Three Months Ended September 30, 2021 |  |  | Nine Months Ended September 30, 2021 |
Class A Units |  |  | 65,502,347 |  |  |  | 65,502,347 |
Class P Units |  |  | 25,679,122 |  |  |  | 25,679,122 |
Restricted stock units |  |  | — |  |  |  | 3,858,945 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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