Weave Communications Inc Financials

WEAV

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Weave Communications Inc (WEAV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$204.3M

YoY+76.3%

Weave Communications Inc generated $204.3M in revenue in fiscal year 2024. This represents an increase of 76.3% from the prior year.

EBITDA

-$19.9M

YoY+48.0%

Weave Communications Inc's EBITDA was -$19.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.0% from the prior year.

Free Cash Flow

$12.0M

YoY+143.1%

Weave Communications Inc generated $12.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 143.1% from the prior year.

Net Income

-$28.3M

YoY+45.2%

Weave Communications Inc reported -$28.3M in net income in fiscal year 2024. This represents an increase of 45.2% from the prior year.

EPS (Diluted)

$-0.40

YoY+84.6%

Weave Communications Inc earned $-0.40 per diluted share (EPS) in fiscal year 2024. This represents an increase of 84.6% from the prior year.

Cash & Debt

$51.6M

YoY-62.1%

Weave Communications Inc held $51.6M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

73M

YoY+13.8%

Weave Communications Inc had 73M shares outstanding in fiscal year 2024. This represents an increase of 13.8% from the prior year.

Gross Margin

71.4%

YoY+14.0pp

Weave Communications Inc's gross margin was 71.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 14.0 percentage points from the prior year.

Operating Margin

-15.4%

YoY+28.1pp

Weave Communications Inc's operating margin was -15.4% in fiscal year 2024, reflecting core business profitability. This is up 28.1 percentage points from the prior year.

Net Margin

-13.9%

YoY+30.7pp

Weave Communications Inc's net profit margin was -13.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 30.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$40.2M

YoY+49.0%

Weave Communications Inc invested $40.2M in research and development in fiscal year 2024. This represents an increase of 49.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$2.2M

YoY-70.4%

Weave Communications Inc invested $2.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 70.4% from the prior year.

WEAV Income Statement

Metric	FY24	FY23	FY22	FY21
Revenue	$204.3M+76.3%	$115.9M+45.0%	$79.9M+74.7%	$45.7M
Cost of Revenue	$58.4M+18.4%	$49.4M+43.3%	$34.4M+86.0%	$18.5M
Gross Profit	$145.9M+119.4%	$66.5M+46.3%	$45.4M+66.9%	$27.2M
R&D Expenses	$40.2M+49.0%	$27.0M+35.3%	$20.0M+38.6%	$14.4M
SG&A Expenses	$52.5M+65.8%	$31.6M+22.7%	$25.8M+98.2%	$13.0M
Operating Income	-$31.4M+37.7%	-$50.4M-27.3%	-$39.6M-24.0%	-$31.9M
Interest Expense	$1.5M+28.6%	$1.2M+7.9%	$1.1M+35.3%	$811K
Income Tax	$189K+215.0%	$60K	$0	$0
Net Income	-$28.3M+45.2%	-$51.7M-27.9%	-$40.4M-26.1%	-$32.1M
EPS (Diluted)	$-0.40+84.6%	$-2.60+30.7%	$-3.75-13.6%	$-3.30

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$61.3M+4.9%	$58.5M+4.8%	$55.8M+22.1%	$45.7M+4.9%	$43.5M+4.5%	$41.7M+5.3%	$39.6M+5.0%	$37.7M
Cost of Revenue	$17.0M+2.9%	$16.5M+4.1%	$15.9M+12.4%	$14.1M+3.7%	$13.6M-0.1%	$13.6M+4.6%	$13.0M+2.2%	$12.8M
Gross Profit	$44.3M+5.7%	$42.0M+5.0%	$39.9M+26.5%	$31.6M+5.5%	$29.9M+6.8%	$28.0M+5.7%	$26.5M+6.4%	$24.9M
R&D Expenses	$13.1M+9.5%	$12.0M+7.5%	$11.2M+22.1%	$9.1M+5.9%	$8.6M+0.5%	$8.6M+11.6%	$7.7M-6.0%	$8.2M
SG&A Expenses	$13.8M-7.7%	$14.9M+2.2%	$14.6M+20.0%	$12.2M+5.4%	$11.5M-2.6%	$11.8M+16.7%	$10.1M-2.3%	$10.4M
Operating Income	-$8.9M+12.2%	-$10.2M-9.3%	-$9.3M-16.6%	-$8.0M+0.4%	-$8.0M+18.4%	-$9.8M-15.4%	-$8.5M+12.6%	-$9.7M
Interest Expense	$366K-31.8%	$537K+35.3%	$397K-9.4%	$438K-14.5%	$512K+2.2%	$501K+6.1%	$472K+8.3%	$436K
Income Tax	$82K+107.4%	-$1.1M-1649.0%	$71K-36.1%	$112K+41.4%	$79K+59.9%	$49K+148.2%	$20K-9.5%	$22K
Net Income	-$8.7M+0.5%	-$8.7M+1.3%	-$8.8M-25.4%	-$7.0M+1.5%	-$7.1M+20.5%	-$9.0M-14.4%	-$7.9M+15.2%	-$9.3M
EPS (Diluted)	$-0.110.0%	$-0.11+8.3%	$-0.12-9.1%	$-0.11-10.0%	$-0.10+23.1%	$-0.13-8.3%	$-0.12+14.3%	$-0.14

WEAV Balance Sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$188.9M+0.8%	$187.5M+101.7%	$93.0M	N/A
Current Assets	$120.7M-21.8%	$154.4M+128.2%	$67.7M	N/A
Cash & Equivalents	$51.6M-62.1%	$136.0M+144.2%	$55.7M	N/A
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	$3.7M+22.4%	$3.1M+20.2%	$2.5M	N/A
Goodwill	$0	N/A	N/A	N/A
Total Liabilities	$122.0M+62.2%	$75.2M-63.7%	$206.9M	N/A
Current Liabilities	$76.6M+41.1%	$54.3M+23.4%	$44.0M	N/A
Long-Term Debt	$0-100.0%	$10.0M0.0%	$10.0M	N/A
Total Equity	$67.0M-40.4%	$112.3M+198.6%	-$113.9M-32.5%	-$86.0M
Retained Earnings	-$291.0M-60.0%	-$181.9M-39.7%	-$130.2M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$206.5M+1.0%	$204.3M+8.5%	$188.3M-6.3%	$201.0M-4.7%	$210.8M+4.1%	$202.6M-1.7%	$206.0M-1.1%	$208.3M
Current Assets	$103.0M+3.6%	$99.4M-17.4%	$120.3M-7.3%	$129.8M-6.3%	$138.5M+7.0%	$129.5M-1.6%	$131.6M-1.0%	$132.9M
Cash & Equivalents	$64.4M+44.2%	$44.7M-16.4%	$53.4M+5.2%	$50.8M-19.8%	$63.3M+21.4%	$52.1M-7.1%	$56.1M-9.5%	$62.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$4.3M+26.3%	$3.4M+8.3%	$3.1M-10.8%	$3.5M-5.4%	$3.7M+13.1%	$3.3M+7.6%	$3.1M-7.4%	$3.3M
Goodwill	$29.5M+0.5%	$29.3M	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$127.8M+1.9%	$125.5M+4.8%	$119.7M-1.9%	$122.1M-6.0%	$129.9M+2.1%	$127.2M+0.8%	$126.2M+0.9%	$125.1M
Current Liabilities	$82.9M+2.0%	$81.3M+8.1%	$75.2M+3.2%	$72.9M+4.3%	$69.9M+5.4%	$66.3M+3.0%	$64.3M-10.9%	$72.2M
Long-Term Debt	N/A	N/A	N/A	N/A	$10.0M0.0%	$10.0M0.0%	$10.0M	$0
Total Equity	$78.6M-0.3%	$78.9M+15.0%	$68.6M-13.1%	$79.0M-2.4%	$80.9M+7.3%	$75.4M-5.5%	$79.8M-4.1%	$83.2M
Retained Earnings	-$317.2M-2.8%	-$308.5M-2.9%	-$299.8M-14.2%	-$262.7M-2.8%	-$255.6M-2.9%	-$248.5M-3.8%	-$239.5M-3.4%	-$231.6M

WEAV Cash Flow Statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	$14.1M+169.4%	-$20.4M-31.3%	-$15.5M+29.7%	-$22.1M
Capital Expenditures	$2.2M-70.4%	$7.4M+167.3%	$2.8M+11.7%	$2.5M
Free Cash Flow	$12.0M+143.1%	-$27.7M-51.8%	-$18.3M+25.5%	-$24.5M
Investing Cash Flow	$8.9M+190.5%	-$9.8M-154.2%	-$3.9M-56.3%	-$2.5M
Financing Cash Flow	-$22.2M-120.1%	$110.5M+2245.2%	-$5.2M-107.9%	$65.0M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$1.4M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	N/A	N/A	-$219K	N/A	N/A	N/A	$1.5M	N/A
Capital Expenditures	N/A	N/A	$444K	N/A	N/A	N/A	$620K	N/A
Free Cash Flow	N/A	N/A	-$663K	N/A	N/A	N/A	$921K	N/A
Investing Cash Flow	N/A	N/A	$2.3M	N/A	N/A	N/A	-$5.4M	N/A
Financing Cash Flow	N/A	N/A	-$225K	N/A	N/A	N/A	-$2.0M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WEAV Financial Ratios

Metric	FY24	FY23	FY22	FY21
Gross Margin	71.4%+14.0pp	57.4%+0.5pp	56.9%-2.6pp	59.5%
Operating Margin	-15.4%+28.1pp	-43.5%+6.0pp	-49.5%+20.2pp	-69.8%
Net Margin	-13.9%+30.7pp	-44.6%+6.0pp	-50.6%+19.5pp	-70.1%
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-15.0%+12.6pp	-27.6%+15.9pp	-43.5%	N/A
Current Ratio	1.58-1.3	2.84+1.3	1.54	N/A
Debt-to-Equity	1.82+1.7	0.09+0.2	-0.09	N/A
FCF Margin	5.9%+29.8pp	-23.9%-1.1pp	-22.9%+30.8pp	-53.6%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	72.3%+0.5pp	71.8%+0.2pp	71.6%+2.4pp	69.1%+0.4pp	68.8%+1.4pp	67.3%+0.2pp	67.1%+0.9pp	66.2%
Operating Margin	-14.6%+2.8pp	-17.4%-0.7pp	-16.7%+0.8pp	-17.5%+0.9pp	-18.4%+5.2pp	-23.6%-2.1pp	-21.5%+4.3pp	-25.9%
Net Margin	-14.1%+0.8pp	-14.9%+0.9pp	-15.8%-0.4pp	-15.4%+1.0pp	-16.4%+5.2pp	-21.6%-1.7pp	-19.9%+4.7pp	-24.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-4.2%+0.1pp	-4.3%+0.4pp	-4.7%-1.2pp	-3.5%-0.1pp	-3.4%+1.1pp	-4.4%-0.6pp	-3.8%+0.6pp	-4.5%
Current Ratio	1.24+0.0	1.22-0.4	1.60-0.2	1.78-0.2	1.98+0.0	1.95-0.1	2.05+0.2	1.84
Debt-to-Equity	1.63+0.0	1.59-0.2	1.75+0.2	1.55+1.4	0.120.0	0.130.0	0.13+0.1	0.00
FCF Margin	N/A	N/A	-1.2%	N/A	N/A	N/A	2.3%	N/A

Financial Health Signals

Financial Profile 43/100

Profitability

Growth

100

Leverage

Liquidity

Cash Flow

Returns

N/A

Based on FY2024 annual data. Scores normalized against common benchmarks.

Piotroski F-Score Neutral

6/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Mixed

-0.50x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage At Risk

-20.6x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Weave Communications Inc's annual revenue?

Weave Communications Inc (WEAV) reported $204.3M in total revenue for fiscal year 2024. This represents a 76.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Weave Communications Inc's revenue growing?

Weave Communications Inc (WEAV) revenue grew by 76.3% year-over-year, from $115.9M to $204.3M in fiscal year 2024.

Is Weave Communications Inc profitable?

No, Weave Communications Inc (WEAV) reported a net income of -$28.3M in fiscal year 2024, with a net profit margin of -13.9%.

What is Weave Communications Inc's earnings per share (EPS)?

Weave Communications Inc (WEAV) reported diluted earnings per share of $-0.40 for fiscal year 2024. This represents a 84.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Weave Communications Inc's EBITDA?

Weave Communications Inc (WEAV) had EBITDA of -$19.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Weave Communications Inc have?

As of fiscal year 2024, Weave Communications Inc (WEAV) had $51.6M in cash and equivalents against $0 in long-term debt.

What is Weave Communications Inc's gross margin?

Weave Communications Inc (WEAV) had a gross margin of 71.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Weave Communications Inc's operating margin?

Weave Communications Inc (WEAV) had an operating margin of -15.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Weave Communications Inc's net profit margin?

Weave Communications Inc (WEAV) had a net profit margin of -13.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Weave Communications Inc's free cash flow?

Weave Communications Inc (WEAV) generated $12.0M in free cash flow during fiscal year 2024. This represents a 143.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Weave Communications Inc's operating cash flow?

Weave Communications Inc (WEAV) generated $14.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Weave Communications Inc's total assets?

Weave Communications Inc (WEAV) had $188.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Weave Communications Inc's capital expenditures?

Weave Communications Inc (WEAV) invested $2.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Weave Communications Inc spend on research and development?

Weave Communications Inc (WEAV) invested $40.2M in research and development during fiscal year 2024.

How many shares does Weave Communications Inc have outstanding?

Weave Communications Inc (WEAV) had 73M shares outstanding as of fiscal year 2024.

What is Weave Communications Inc's current ratio?

Weave Communications Inc (WEAV) had a current ratio of 1.58 as of fiscal year 2024, which is generally considered healthy.

What is Weave Communications Inc's debt-to-equity ratio?

Weave Communications Inc (WEAV) had a debt-to-equity ratio of 1.82 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Weave Communications Inc's return on assets (ROA)?

Weave Communications Inc (WEAV) had a return on assets of -15.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Weave Communications Inc's Piotroski F-Score?

Weave Communications Inc (WEAV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Weave Communications Inc's earnings high quality?

Weave Communications Inc (WEAV) has an earnings quality ratio of -0.50x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Weave Communications Inc cover its interest payments?

Weave Communications Inc (WEAV) has an interest coverage ratio of -20.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Weave Communications Inc?

Weave Communications Inc (WEAV) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.