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Side-by-side financial comparison of First Foundation Inc. (FFWM) and WM TECHNOLOGY, INC. (MAPS). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $43.1M, roughly 1.1× WM TECHNOLOGY, INC.). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -97.9%, a 89.6% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -9.7%). WM TECHNOLOGY, INC. produced more free cash flow last quarter ($-280.0K vs $-35.2M). Over the past eight quarters, WM TECHNOLOGY, INC.'s revenue compounded faster (-1.5% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

WM Entertainment is a South Korean entertainment company established in 2008 by former singer Lee Won-min. The company is responsible for managing artist Oh My Girl. On April 7, 2021, the company was acquired by RBW.

FFWM vs MAPS — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.1× larger
FFWM
$48.4M
$43.1M
MAPS
Growing faster (revenue YoY)
FFWM
FFWM
+431.3% gap
FFWM
421.7%
-9.7%
MAPS
Higher net margin
MAPS
MAPS
89.6% more per $
MAPS
-8.3%
-97.9%
FFWM
More free cash flow
MAPS
MAPS
$34.9M more FCF
MAPS
$-280.0K
$-35.2M
FFWM
Faster 2-yr revenue CAGR
MAPS
MAPS
Annualised
MAPS
-1.5%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
MAPS
MAPS
Revenue
$48.4M
$43.1M
Net Profit
$-8.0M
$-3.6M
Gross Margin
94.9%
Operating Margin
-97.5%
-13.5%
Net Margin
-97.9%
-8.3%
Revenue YoY
421.7%
-9.7%
Net Profit YoY
43.0%
-251.9%
EPS (diluted)
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FFWM
FFWM
MAPS
MAPS
Q4 25
$48.4M
$43.1M
Q3 25
$63.6M
$42.2M
Q2 25
$51.4M
$44.8M
Q1 25
$71.4M
$44.6M
Q4 24
$9.3M
$47.7M
Q3 24
$9.2M
$46.6M
Q2 24
$57.5M
$45.9M
Q1 24
$51.1M
$44.4M
Net Profit
FFWM
FFWM
MAPS
MAPS
Q4 25
$-8.0M
$-3.6M
Q3 25
$-146.3M
$2.5M
Q2 25
$-7.7M
$1.4M
Q1 25
$6.9M
$1.6M
Q4 24
$-14.1M
$2.4M
Q3 24
$-82.2M
$3.3M
Q2 24
$3.1M
$716.0K
Q1 24
$793.0K
$1.2M
Gross Margin
FFWM
FFWM
MAPS
MAPS
Q4 25
94.9%
Q3 25
95.0%
Q2 25
94.9%
Q1 25
95.0%
Q4 24
95.2%
Q3 24
95.3%
Q2 24
95.1%
Q1 24
94.8%
Operating Margin
FFWM
FFWM
MAPS
MAPS
Q4 25
-97.5%
-13.5%
Q3 25
-92.7%
4.6%
Q2 25
-21.1%
4.4%
Q1 25
8.8%
5.9%
Q4 24
-247.7%
9.6%
Q3 24
-1276.7%
11.2%
Q2 24
4.6%
2.7%
Q1 24
-0.2%
8.5%
Net Margin
FFWM
FFWM
MAPS
MAPS
Q4 25
-97.9%
-8.3%
Q3 25
-230.1%
5.8%
Q2 25
-15.0%
3.2%
Q1 25
9.7%
3.7%
Q4 24
-152.2%
4.9%
Q3 24
-896.9%
7.2%
Q2 24
5.4%
1.6%
Q1 24
1.6%
2.8%
EPS (diluted)
FFWM
FFWM
MAPS
MAPS
Q4 25
$-0.09
Q3 25
$-1.78
Q2 25
$-0.09
Q1 25
$0.08
$0.02
Q4 24
$-0.24
Q3 24
$-1.23
Q2 24
$0.05
Q1 24
$0.01
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFWM
FFWM
MAPS
MAPS
Cash + ST InvestmentsLiquidity on hand
$1.6B
$62.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$57.2M
Total Assets
$11.9B
$190.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
MAPS
MAPS
Q4 25
$1.6B
$62.4M
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
$52.0M
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Stockholders' Equity
FFWM
FFWM
MAPS
MAPS
Q4 25
$912.6M
$57.2M
Q3 25
$917.9M
$56.9M
Q2 25
$1.1B
$52.7M
Q1 25
$1.1B
$48.5M
Q4 24
$1.1B
$36.1M
Q3 24
$1.1B
$29.5M
Q2 24
$933.2M
$24.5M
Q1 24
$928.7M
$20.8M
Total Assets
FFWM
FFWM
MAPS
MAPS
Q4 25
$11.9B
$190.7M
Q3 25
$11.9B
$192.9M
Q2 25
$11.6B
$188.1M
Q1 25
$12.6B
$183.8M
Q4 24
$12.6B
$181.9M
Q3 24
$13.4B
$173.6M
Q2 24
$13.7B
$168.0M
Q1 24
$13.6B
$165.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FFWM
FFWM
MAPS
MAPS
Operating Cash FlowLast quarter
$-31.9M
$3.0M
Free Cash FlowOCF − Capex
$-35.2M
$-280.0K
FCF MarginFCF / Revenue
-72.8%
-0.7%
Capex IntensityCapex / Revenue
6.9%
7.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$13.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
MAPS
MAPS
Q4 25
$-31.9M
$3.0M
Q3 25
$9.2M
$6.4M
Q2 25
$-16.3M
$11.1M
Q1 25
$-552.0K
$5.7M
Q4 24
$-8.7M
$9.4M
Q3 24
$14.2M
$7.2M
Q2 24
$-9.1M
$12.7M
Q1 24
$7.2M
$7.4M
Free Cash Flow
FFWM
FFWM
MAPS
MAPS
Q4 25
$-35.2M
$-280.0K
Q3 25
$8.6M
$3.6M
Q2 25
$-16.7M
$8.2M
Q1 25
$-2.5M
$2.0M
Q4 24
$-11.4M
$7.3M
Q3 24
$13.4M
$4.9M
Q2 24
$-9.4M
$10.1M
Q1 24
$5.9M
$2.9M
FCF Margin
FFWM
FFWM
MAPS
MAPS
Q4 25
-72.8%
-0.7%
Q3 25
13.5%
8.4%
Q2 25
-32.4%
18.3%
Q1 25
-3.5%
4.5%
Q4 24
-123.5%
15.2%
Q3 24
146.2%
10.4%
Q2 24
-16.3%
21.9%
Q1 24
11.6%
6.4%
Capex Intensity
FFWM
FFWM
MAPS
MAPS
Q4 25
6.9%
7.7%
Q3 25
1.0%
6.8%
Q2 25
0.8%
6.3%
Q1 25
2.8%
8.2%
Q4 24
29.4%
4.5%
Q3 24
9.0%
5.1%
Q2 24
0.4%
5.7%
Q1 24
2.5%
10.2%
Cash Conversion
FFWM
FFWM
MAPS
MAPS
Q4 25
Q3 25
2.61×
Q2 25
7.75×
Q1 25
-0.08×
3.44×
Q4 24
4.00×
Q3 24
2.17×
Q2 24
-2.96×
17.67×
Q1 24
9.09×
5.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

MAPS
MAPS

Services$39.5M92%
Other$3.6M8%

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