WEAV

MKT CAP:$382M

Weave Communications, Inc.

Market Cap

$382M

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$5.42-$1.75 (-24.41%)

Apr 22, 2026

Company Details

Weave Communications, Inc. provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and ...

CEO

Brett T. White

IPO Date

Nov 11, 2021

Website

www.getweave.com

Key Metrics TTM

Revenue

$239M

+17.0% YoY

Net Income

-$28M

EPS (Diluted)

-$0.36

Free Cash Flow

$15M

Revenue / Share

$3.06

Gross Margin

72.1%

Operating Margin

-12.1%

Net Margin

-11.7%

FCF Margin

6.3%

P/S

1.6x

P/E

—

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Mar 5, 2026

$239M+17.0%EPS -$0.37

Q4 2025

Mar 5, 2026

$63M+17.0%EPS -$0.02

Q3 2025

Nov 6, 2025

$61M+17.1%EPS -$0.11

Q2 2025

Aug 7, 2025

$58M+15.6%EPS -$0.11

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$33M	$20M	-$14M
Q2 22	$35M	$21M	-$15M
Q3 22	$36M	$23M	-$12M
Q4 22	$38M	$25M	-$10M
Q1 23	$40M	$27M	-$9M
Q2 23	$42M	$28M	-$10M
Q3 23	$44M	$30M	-$8M
Q4 23	$46M	$32M	-$8M
Q1 24	$47M	$33M	-$8M
Q2 24	$51M	$36M	-$9M
Q3 24	$52M	$38M	-$7M
Q4 24	$54M	$39M	-$7M
Q1 25	$56M	$40M	-$9M
Q2 25	$58M	$42M	-$10M
Q3 25	$61M	$44M	-$9M
Q4 25	$63M	$46M	-$464.0K

Valuation

Quarter	P/S	P/E
Q1 22	3.1x	—
Q2 22	1.7x	—
Q3 22	2.6x	—
Q4 22	2.2x	—
Q1 23	2.3x	—
Q2 23	5.0x	—
Q3 23	3.5x	—
Q4 23	4.7x	—
Q1 24	4.6x	—
Q2 24	3.5x	—
Q3 24	4.8x	—
Q4 24	5.7x	—
Q1 25	3.8x	—
Q2 25	2.8x	—
Q3 25	2.3x	—
Q4 25	2.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$4M	-$5M
Q2 22	-$2M	-$2M
Q3 22	-$4M	-$5M
Q4 22	-$3M	-$4M
Q1 23	$2M	$587.0K
Q2 23	$2M	$929.0K
Q3 23	$3M	$2M
Q4 23	$4M	$3M
Q1 24	-$20M	-$21M
Q2 24	$23M	$21M
Q3 24	$5M	$4M
Q4 24	$7M	$6M
Q1 25	-$219.0K	-$663.0K
Q2 25	$5M	$5M
Q3 25	$6M	$6M
Q4 25	$6M	$5M

Capital Expenditures

Quarter	CapEx
Q1 22	$908.0K
Q2 22	$691.0K
Q3 22	$595.0K
Q4 22	$933.0K
Q1 23	$954.0K
Q2 23	$675.0K
Q3 23	$1M
Q4 23	$807.0K
Q1 24	$818.0K
Q2 24	$1M
Q3 24	$548.0K
Q4 24	$549.0K
Q1 25	$444.0K
Q2 25	$544.0K
Q3 25	$279.0K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+29.6%	+36.1%
Q2 22	+24.5%	+17.4%
Q3 22	+19.6%	+8.8%
Q4 22	+18.4%	+4.3%
Q1 23	+18.9%	+2.8%
Q2 23	+19.3%	+4.0%
Q3 23	+20.2%	+7.2%
Q4 23	+21.2%	+13.2%
Q1 24	+19.2%	+15.1%
Q2 24	+21.4%	+16.2%
Q3 24	+20.3%	+14.4%
Q4 24	+18.6%	+14.6%
Q1 25	+18.3%	+17.7%
Q2 25	+15.6%	+14.7%
Q3 25	+17.1%	+19.1%
Q4 25	+17.0%	+3.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	10.3%
Q2 22	$4M	12.8%
Q3 22	$5M	14.7%
Q4 22	$6M	14.7%
Q1 23	$5M	11.4%
Q2 23	$6M	14.1%
Q3 23	$6M	14.2%
Q4 23	$6M	13.7%
Q1 24	$7M	14.4%
Q2 24	$8M	16.4%
Q3 24	$8M	15.3%
Q4 24	$9M	16.9%
Q1 25	$9M	16.1%
Q2 25	$9M	15.8%
Q3 25	$10M	16.2%
Q4 25	$4M	6.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$7M	$10M	$16M
Q2 22	$7M	$12M	$17M
Q3 22	$8M	$11M	$16M
Q4 22	$8M	$10M	$16M
Q1 23	$8M	$10M	$17M
Q2 23	$9M	$12M	$17M
Q3 23	$9M	$12M	$18M
Q4 23	$9M	$12M	$18M
Q1 24	$10M	$12M	$20M
Q2 24	$10M	$14M	$22M
Q3 24	$10M	$13M	$21M
Q4 24	$11M	$14M	$22M
Q1 25	$11M	$15M	$24M
Q2 25	$12M	$15M	$25M
Q3 25	$13M	$14M	$26M
Q4 25	$8M	$13M	$28M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	29.6%	-27.7%	1.9
Q2 22	24.5%	-29.7%	-5.2
Q3 22	19.6%	-20.2%	-0.7
Q4 22	18.4%	-12.6%	5.8
Q1 23	18.9%	-1.0%	17.9
Q2 23	19.3%	-10.8%	8.4
Q3 23	20.2%	-6.0%	14.1
Q4 23	21.2%	1.5%	22.8
Q1 24	19.2%	-6.0%	13.2
Q2 24	21.4%	-8.3%	13.1
Q3 24	20.3%	-3.3%	17.0
Q4 24	18.6%	1.9%	20.5
Q1 25	18.3%	-8.2%	10.1
Q2 25	15.6%	-9.3%	6.3
Q3 25	17.1%	-7.0%	10.1
Q4 25	17.0%	5.5%	22.6

Rule of 40

Revenue Segments

Quarter	Onboarding	Phone Hardware Lease	Subscription And Payment Processing	Phone Hardware
Q1 22	$262.0K	$1M	$32M	—
Q2 22	$319.0K	—	$34M	—
Q3 22	$278.0K	—	$35M	—
Q4 22	$429.0K	—	$36M	—
Q1 23	$784.0K	—	$38M	—
Q2 23	$867.0K	—	$40M	—
Q3 23	$757.0K	—	$42M	—
Q4 23	$824.0K	—	$44M	—
Q1 24	$960.0K	—	$45M	—
Q2 24	$943.0K	—	$49M	—
Q3 24	$845.0K	—	$50M	—
Q2 25	$833.0K	—	$56M	$2M
Q3 25	$821.0K	—	$59M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$129M	$0	$129M
Q2 22	$124M	$0	$124M
Q3 22	$118M	$0	$118M
Q4 22	$62M	$51M	$113M
Q1 23	$56M	$57M	$113M
Q2 23	$52M	$59M	$111M
Q3 23	$63M	$55M	$118M
Q4 23	$51M	$58M	$109M
Q1 24	$31M	$52M	$82M
Q2 24	$52M	$47M	$99M
Q3 24	$51M	$47M	$98M
Q4 24	$52M	$48M	$99M
Q1 25	$53M	$45M	$98M
Q2 25	$45M	$33M	$78M
Q3 25	$64M	$16M	$80M
Q4 25	$55M	$27M	$82M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	65M	+1.5%	+14.2%
Q2 22	65M	+0.6%	+14.9%
Q3 22	65M	+0.3%	+3.6%
Q4 22	66M	+0.7%	+3.2%
Q1 23	66M	+0.5%	+2.1%
Q2 23	67M	+1.4%	+2.9%
Q3 23	68M	+2.0%	+4.7%
Q4 23	70M	+2.2%	+6.2%
Q1 24	70M	+1.1%	+6.8%
Q2 24	71M	+1.2%	+6.6%
Q3 24	72M	+1.0%	+5.6%
Q4 24	73M	+1.2%	+4.5%
Q1 25	74M	+1.3%	+4.8%
Q2 25	75M	+1.4%	+5.0%
Q3 25	76M	+1.1%	+5.1%
Q4 25	78M	+3.3%	+7.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$37.4K	889
Q2 22	$39.3K	889
Q3 22	$40.8K	889
Q4 22	$46.8K	806
Q1 23	$49.1K	806
Q2 23	$51.7K	806
Q3 23	$54.0K	806
Q4 23	$54.1K	844
Q1 24	$55.9K	844
Q2 24	$59.9K	844
Q3 24	$62.1K	844
Q4 24	$63.4K	854
Q1 25	$65.4K	854
Q2 25	$68.5K	854
Q3 25	$71.8K	854
Q4 25	$70.1K	904

Revenue / Employee