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Side-by-side financial comparison of WM TECHNOLOGY, INC. (MAPS) and Valneva SE (VALN). Click either name above to swap in a different company.

WM TECHNOLOGY, INC. is the larger business by last-quarter revenue ($43.1M vs $36.2M, roughly 1.2× Valneva SE). WM TECHNOLOGY, INC. runs the higher net margin — -8.3% vs -54.1%, a 45.8% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

MAPS vs VALN — Head-to-Head

Bigger by revenue
MAPS
MAPS
1.2× larger
MAPS
$43.1M
$36.2M
VALN
Higher net margin
MAPS
MAPS
45.8% more per $
MAPS
-8.3%
-54.1%
VALN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
MAPS
MAPS
VALN
VALN
Revenue
$43.1M
$36.2M
Net Profit
$-3.6M
$-19.6M
Gross Margin
94.9%
38.9%
Operating Margin
-13.5%
-49.5%
Net Margin
-8.3%
-54.1%
Revenue YoY
-9.7%
Net Profit YoY
-251.9%
EPS (diluted)

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
MAPS
MAPS
VALN
VALN
Q4 25
$43.1M
Q3 25
$42.2M
Q2 25
$44.8M
Q1 25
$44.6M
Q4 24
$47.7M
Q3 24
$46.6M
Q2 24
$45.9M
Q1 24
$44.4M
Net Profit
MAPS
MAPS
VALN
VALN
Q4 25
$-3.6M
Q3 25
$2.5M
Q2 25
$1.4M
Q1 25
$1.6M
Q4 24
$2.4M
Q3 24
$3.3M
Q2 24
$716.0K
Q1 24
$1.2M
Gross Margin
MAPS
MAPS
VALN
VALN
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
MAPS
MAPS
VALN
VALN
Q4 25
-13.5%
Q3 25
4.6%
Q2 25
4.4%
Q1 25
5.9%
Q4 24
9.6%
Q3 24
11.2%
Q2 24
2.7%
Q1 24
8.5%
Net Margin
MAPS
MAPS
VALN
VALN
Q4 25
-8.3%
Q3 25
5.8%
Q2 25
3.2%
Q1 25
3.7%
Q4 24
4.9%
Q3 24
7.2%
Q2 24
1.6%
Q1 24
2.8%
EPS (diluted)
MAPS
MAPS
VALN
VALN
Q4 25
Q3 25
Q2 25
Q1 25
$0.02
Q4 24
Q3 24
Q2 24
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
MAPS
MAPS
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$62.4M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$57.2M
$221.2M
Total Assets
$190.7M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAPS
MAPS
VALN
VALN
Q4 25
$62.4M
Q3 25
Q2 25
Q1 25
Q4 24
$52.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MAPS
MAPS
VALN
VALN
Q4 25
$57.2M
Q3 25
$56.9M
Q2 25
$52.7M
Q1 25
$48.5M
Q4 24
$36.1M
Q3 24
$29.5M
Q2 24
$24.5M
Q1 24
$20.8M
Total Assets
MAPS
MAPS
VALN
VALN
Q4 25
$190.7M
Q3 25
$192.9M
Q2 25
$188.1M
Q1 25
$183.8M
Q4 24
$181.9M
Q3 24
$173.6M
Q2 24
$168.0M
Q1 24
$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
MAPS
MAPS
VALN
VALN
Operating Cash FlowLast quarter
$3.0M
$-26.3M
Free Cash FlowOCF − Capex
$-280.0K
FCF MarginFCF / Revenue
-0.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$13.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAPS
MAPS
VALN
VALN
Q4 25
$3.0M
Q3 25
$6.4M
Q2 25
$11.1M
Q1 25
$5.7M
Q4 24
$9.4M
Q3 24
$7.2M
Q2 24
$12.7M
Q1 24
$7.4M
Free Cash Flow
MAPS
MAPS
VALN
VALN
Q4 25
$-280.0K
Q3 25
$3.6M
Q2 25
$8.2M
Q1 25
$2.0M
Q4 24
$7.3M
Q3 24
$4.9M
Q2 24
$10.1M
Q1 24
$2.9M
FCF Margin
MAPS
MAPS
VALN
VALN
Q4 25
-0.7%
Q3 25
8.4%
Q2 25
18.3%
Q1 25
4.5%
Q4 24
15.2%
Q3 24
10.4%
Q2 24
21.9%
Q1 24
6.4%
Capex Intensity
MAPS
MAPS
VALN
VALN
Q4 25
7.7%
Q3 25
6.8%
Q2 25
6.3%
Q1 25
8.2%
Q4 24
4.5%
Q3 24
5.1%
Q2 24
5.7%
Q1 24
10.2%
Cash Conversion
MAPS
MAPS
VALN
VALN
Q4 25
Q3 25
2.61×
Q2 25
7.75×
Q1 25
3.44×
Q4 24
4.00×
Q3 24
2.17×
Q2 24
17.67×
Q1 24
5.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAPS
MAPS

Services$39.5M92%
Other$3.6M8%

VALN
VALN

Segment breakdown not available.

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