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Side-by-side financial comparison of WM TECHNOLOGY, INC. (MAPS) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WM TECHNOLOGY, INC. is the larger business by last-quarter revenue ($43.1M vs $26.9M, roughly 1.6× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -8.3%, a 47.5% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -9.7%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-280.0K). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs -1.5%).
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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
MAPS vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.1M | $26.9M |
| Net Profit | $-3.6M | $10.6M |
| Gross Margin | 94.9% | — |
| Operating Margin | -13.5% | 50.0% |
| Net Margin | -8.3% | 39.2% |
| Revenue YoY | -9.7% | 16.6% |
| Net Profit YoY | -251.9% | 34.8% |
| EPS (diluted) | — | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $43.1M | $24.2M | ||
| Q3 25 | $42.2M | $25.0M | ||
| Q2 25 | $44.8M | $23.8M | ||
| Q1 25 | $44.6M | $23.1M | ||
| Q4 24 | $47.7M | $20.9M | ||
| Q3 24 | $46.6M | $20.3M | ||
| Q2 24 | $45.9M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-3.6M | $7.4M | ||
| Q3 25 | $2.5M | $9.3M | ||
| Q2 25 | $1.4M | $8.0M | ||
| Q1 25 | $1.6M | $7.8M | ||
| Q4 24 | $2.4M | $7.1M | ||
| Q3 24 | $3.3M | $6.0M | ||
| Q2 24 | $716.0K | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | -13.5% | 39.6% | ||
| Q3 25 | 4.6% | 45.8% | ||
| Q2 25 | 4.4% | 43.4% | ||
| Q1 25 | 5.9% | 43.4% | ||
| Q4 24 | 9.6% | 30.9% | ||
| Q3 24 | 11.2% | 36.6% | ||
| Q2 24 | 2.7% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -8.3% | 30.7% | ||
| Q3 25 | 5.8% | 37.3% | ||
| Q2 25 | 3.2% | 33.5% | ||
| Q1 25 | 3.7% | 34.0% | ||
| Q4 24 | 4.9% | 34.0% | ||
| Q3 24 | 7.2% | 29.3% | ||
| Q2 24 | 1.6% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $0.55 | ||
| Q2 25 | — | $0.47 | ||
| Q1 25 | $0.02 | $0.46 | ||
| Q4 24 | — | $0.41 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | — | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $62.4M | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $57.2M | $270.7M |
| Total Assets | $190.7M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $62.4M | $471.1M | ||
| Q3 25 | — | $232.9M | ||
| Q2 25 | — | $345.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $52.0M | $243.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $57.2M | $266.0M | ||
| Q3 25 | $56.9M | $255.1M | ||
| Q2 25 | $52.7M | $240.9M | ||
| Q1 25 | $48.5M | $237.9M | ||
| Q4 24 | $36.1M | $227.9M | ||
| Q3 24 | $29.5M | $235.4M | ||
| Q2 24 | $24.5M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $190.7M | $4.1B | ||
| Q3 25 | $192.9M | $4.0B | ||
| Q2 25 | $188.1M | $4.1B | ||
| Q1 25 | $183.8M | $4.0B | ||
| Q4 24 | $181.9M | $4.0B | ||
| Q3 24 | $173.6M | $4.0B | ||
| Q2 24 | $168.0M | $4.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0M | $12.9M |
| Free Cash FlowOCF − Capex | $-280.0K | $12.4M |
| FCF MarginFCF / Revenue | -0.7% | 46.0% |
| Capex IntensityCapex / Revenue | 7.7% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $13.5M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $3.0M | $46.5M | ||
| Q3 25 | $6.4M | $11.4M | ||
| Q2 25 | $11.1M | $13.5M | ||
| Q1 25 | $5.7M | $9.7M | ||
| Q4 24 | $9.4M | $39.8M | ||
| Q3 24 | $7.2M | $12.9M | ||
| Q2 24 | $12.7M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-280.0K | $43.2M | ||
| Q3 25 | $3.6M | $10.8M | ||
| Q2 25 | $8.2M | $12.8M | ||
| Q1 25 | $2.0M | $8.3M | ||
| Q4 24 | $7.3M | $13.7M | ||
| Q3 24 | $4.9M | $7.0M | ||
| Q2 24 | $10.1M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -0.7% | 178.3% | ||
| Q3 25 | 8.4% | 43.0% | ||
| Q2 25 | 18.3% | 53.6% | ||
| Q1 25 | 4.5% | 35.7% | ||
| Q4 24 | 15.2% | 65.6% | ||
| Q3 24 | 10.4% | 34.2% | ||
| Q2 24 | 21.9% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 7.7% | 13.7% | ||
| Q3 25 | 6.8% | 2.6% | ||
| Q2 25 | 6.3% | 3.2% | ||
| Q1 25 | 8.2% | 6.5% | ||
| Q4 24 | 4.5% | 125.3% | ||
| Q3 24 | 5.1% | 29.4% | ||
| Q2 24 | 5.7% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | 2.61× | 1.23× | ||
| Q2 25 | 7.75× | 1.70× | ||
| Q1 25 | 3.44× | 1.24× | ||
| Q4 24 | 4.00× | 5.61× | ||
| Q3 24 | 2.17× | 2.17× | ||
| Q2 24 | 17.67× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAPS
| Services | $39.5M | 92% |
| Other | $3.6M | 8% |
WTBA
Segment breakdown not available.
