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Earnings Per Share (Q3) (Tables)

9 Months Ended

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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- References

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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

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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)
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