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WM Technology (WM Technology) EBIT : $-28.6 Mil (TTM As of Sep. 2023)


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What is WM Technology EBIT?

WM Technology's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-5.5 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-28.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. WM Technology's annualized ROC % for the quarter that ended in Sep. 2023 was -13.73%. WM Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -41.13%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. WM Technology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -25.95%.


WM Technology EBIT Historical Data

The historical data trend for WM Technology's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WM Technology EBIT Chart

WM Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22
EBIT
6.29 41.20 -8.18 -69.62

WM Technology Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.65 -22.70 -4.15 3.78 -5.55

Competitive Comparison of WM Technology's EBIT

For the Software - Application subindustry, WM Technology's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WM Technology's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, WM Technology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where WM Technology's EV-to-EBIT falls into.



WM Technology EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-28.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WM Technology  (NAS:MAPS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

WM Technology's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=-22.192 * ( 1 - 0% )/( (167.32 + 155.843)/ 2 )
=-22.192/161.5815
=-13.73 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

WM Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-22.192/( ( (55.476 + max(-3.115, 0)) + (52.441 + max(-5.013, 0)) )/ 2 )
=-22.192/( ( 55.476 + 52.441 )/ 2 )
=-22.192/53.9585
=-41.13 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(14.971 + 0 + 7.69) - (6.755 + 6.663 + 12.358)
=-3.115

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.314 + 0 + 6.894) - (7.01 + 6.09 + 11.121)
=-5.013

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

WM Technology's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=-28.612/110.257
=-25.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WM Technology EBIT Related Terms

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WM Technology (WM Technology) Business Description

Traded in Other Exchanges
Address
41 Discovery, Irvine, CA, USA, 92618
WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.
Executives
Duncan Grazier officer: Chief Technology Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire officer: General Counsel 41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez director 41 DISCOVERY, IRVINE CA 92618
Anthony Bay director
Brenda Freeman director C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan director 41 DISCOVERY, IRVINE CA 92618
Scott Gordon director, officer: CEO and Chairman 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn officer: Chief Marketing Officer C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt officer: Interim CFO C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee officer: Chief Financial Officer 41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio officer: Chief Marketing Officer 41 DISCOVERY, IRVINE CA 92618
Justin Dean officer: CTO and CIO 41 DISCOVERY, IRVINE CA 92618
Christopher Beals director, officer: Chief Executive Officer 41 DISCOVERY, IRVINE CA 92618
Justin Hartfield director, 10 percent owner 2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis director, 10 percent owner 49 DISCOVERY, STE 200, IRVINE CA 92618