Basic income (loss) per share of Class A Common Stock is computed by dividing net earnings (loss) attributable to WM Technology, Inc. by the weighted-average number of shares of Class A Common Stock outstanding during the period. Diluted income (loss) per share of Class A Common Stock adjusts basic net income (loss) per share of Class A Common Stock for the potentially dilutive impact of securities. For warrants that are liability-classified, during periods when the impact is dilutive, the Company assumes share settlement of the instruments as of the beginning of the reporting period and adjusts the numerator to remove the change in fair value of the warrant liability, net of the portion attributable to non-controlling interests, and adjusts the denominator to include the dilutive shares calculated using the treasury stock method.

The computation of income 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 March 31, 2026 and 2025 (amounts in thousands, except for share and per share amounts):


	Three Months Ended March 31,
	2026		2025
Numerator:
Net income	$	1,694	$	2,494

Less: net income attributable to noncontrolling interests after the Business Combination	523		847
Net income attributable to WM Technology, Inc. Class A Common Stock - basic and diluted	$	1,171	$	1,647



Denominator:
Weighted average of shares of Class A Common Stock outstanding - basic	110,588,979		104,041,260
Weighted average effect of dilutive securities:



Restricted stock units1	212,400		2,950,438
Weighted average of shares of Class A Common Stock outstanding - diluted	110,801,379		106,991,698

Net income per share of Class A Common Stock:
Net income per share of Class A Common Stock - basic	$	0.01	$	0.02
Net income per share of Class A Common Stock - diluted	$	0.01	$	0.02

Shares of the Class V Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V Common Stock under the two-class method has not been presented. However, shares of the Class V Common Stock outstanding for the period are considered potentially dilutive shares of Class A common stock under application of the if-converted method and are included in the computation of diluted earnings (loss) per share, except when the effect would be anti-dilutive.

The Company excluded the following securities from its computation of diluted shares outstanding for three months ended March 31, 2026 and 2025, as their effect would have been anti-dilutive:


	Three Months Ended March 31,
	2026	2025
Class V Shares	47,184,402	49,319,542
Class P Units	13,803,732	13,803,732
RSUs outstanding	2,484,108	4,020,267
PRSUs outstanding	4,342,391	4,342,391
Public Warrants	12,499,973	12,499,973
Private Placement Warrants	7,000,000	7,000,000