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CONSOLIDATED STATEMENTS OF OPERATIONS (FY) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2021
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net revenues $ 45,903,000   $ 46,687,000 $ 48,423,000 [1],[2] $ 46,416,000 $ 90,292,000 $ 94,839,000 [1],[2]   $ 141,526,000 $ 187,993,000 $ 215,531,000 $ 193,146,000
Costs and expenses:                        
Cost of revenues (exclusive of depreciation and amortization shown separately below) 2,245,000     3,239,000 [2]   4,547,000 6,733,000 [2]     12,527,000 15,407,000 7,938,000
Sales and marketing 11,069,000     12,567,000 [2]   20,703,000 24,627,000 [2]     47,073,000 82,624,000 56,119,000
Product development 9,642,000     9,200,000 [2]   18,871,000 20,134,000 [2]     36,001,000 50,520,000 35,395,000
General and administrative 18,529,000   18,151,000 16,779,000 [2] 20,909,000 35,055,000 37,688,000 [2]   55,839,000 74,313,000 120,787,000 95,075,000
Depreciation and amortization           6,124,000 6,022,000 [3]     12,133,000 11,498,000 4,425,000
Asset impairment charges 0     0   0 0     24,403,000 4,317,000 2,372,000
Total costs and expenses 44,672,000   $ 52,235,000 44,640,000 [2] 50,564,000 85,300,000 95,204,000 [2]   $ 147,439,000 206,450,000 285,153,000 201,324,000
Operating income (loss) 1,231,000     3,783,000 [2]   4,992,000 (365,000) [2]     (18,457,000) (69,622,000) (8,178,000)
Other income (expenses), net                        
Change in fair value of warrant liability 460,000     (1,045,000) [2]   (390,000) (320,000) [2] $ 166,500,000   1,505,000 25,370,000 166,518,000
Change in tax receivable agreement liability (395,000)     (520,000) [2]   (938,000) (620,000) [2]     (1,256,000) 142,352,000 0
Other income (expense) (60,000)     (235,000) [2]   (460,000) (681,000) [2]     2,574,000 (1,674,000) (6,723,000)
Income (loss) before income taxes 1,236,000     1,983,000 [2]   3,204,000 (1,986,000) [2]     (15,634,000) 96,426,000 151,617,000
Provision for (benefit from) income taxes 42,000     0 [2]   51,000 0 [2]     93,000 179,077,000 (601,000)
Net income (loss) 1,194,000 $ 1,959,000   1,983,000 [2] $ (3,969,000) 3,153,000 (1,986,000) [2]     (15,727,000) (82,651,000) 152,218,000
Net income (loss) attributable to noncontrolling interests 478,000     757,000 [2]   1,197,000 (737,000) [2]     (5,829,000) 33,338,000 91,835,000
Net income (loss) attributable to WM Technology, Inc. $ 716,000     $ 1,226,000 [2]   $ 1,956,000 $ (1,249,000) [2] $ 137,100,000   $ (9,898,000) $ (115,989,000) $ 60,383,000
Class A Common Stock:                        
Weighted average basic shares outstanding - Class A (in shares)                   93,244,911 85,027,120 65,013,517
Weighted average diluted shares outstanding - Class A (in shares)                   93,244,911 85,027,120 66,813,417
Class A Common Stock                        
Class A Common Stock:                        
Basic income (loss) per share - Class A (in dollars per share) $ 0.01     $ 0.01 [2]   $ 0.02 $ (0.01) [2]     $ (0.11) $ (1.36) $ 0.93
Diluted income (loss) per share - Class A (in dollars per share) $ 0.01     $ 0.01 [2]   $ 0.02 $ (0.01) [2]     $ (0.11) $ (1.36) $ (0.18)
Class A Common Stock:                        
Weighted average basic shares outstanding - Class A (in shares) 95,342,596     92,851,349 [2]   95,023,380 92,589,011 [2]     93,244,911 85,027,120 65,013,517
Weighted average diluted shares outstanding - Class A (in shares) 97,275,700     93,622,582 [2]   96,647,173 92,589,011 [2]     93,244,911 85,027,120 66,813,417
[1] For the three and six months ended June 30, 2023, net revenues have been retrospectively adjusted to reflect the restatement of previously reported 2023 revenue. See Note 2, “Summary of Significant Accounting Policies,” for further information.
[2] For the three and six months ended June 30, 2023, net revenues and general and administrative expenses have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.
[3] For the six months ended June 30, 2023, provision (benefit) for credit losses and change in accounts receivable have been retrospectively adjusted to reflect the restatement of previously reported revenue and credit losses. See Note 2, “Summary of Significant Accounting Policies,” for further information.