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Weave Communications Inc Financials

WEAV
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 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 7 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).

Rhea AI WEAV FY2025

A high-margin, low-capex software model is now generating cash before GAAP profit fully arrives.

By FY2025, cash conversion had moved ahead of accounting earnings: a net loss of -$28.1M still came with $17.5M of operating cash flow. That gap was not present in FY2022, when operating cash flow was -$12.8M; paired with FY2025 free cash flow of $15.2M, it shows the business is becoming self-funding before it becomes profitable.

Gross economics are improving faster than headline losses suggest: gross margin expanded from 68.1% in FY2023 to 72.1% in FY2025, so more of each added sales dollar reaches the operating line. Because capital spending was only $2.4M in FY2025, that margin improvement converts to cash with very little reinvestment drag.

Revenue grew 40.2% from FY2023 to FY2025, but operating losses narrowed only gradually, which implies management is still reinvesting incremental gross profit rather than letting it drop through as earnings. That is reinforced by R&D rising to $44.5M while the liquidity cushion tightened, with current ratio now at 1.2x.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 44 / 100
Financial Health Score 44/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Weave Communications Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
30

Weave Communications Inc has an operating margin of -12.8%, meaning the company retains $-13 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from -15.4% the prior year.

Growth
80

Weave Communications Inc's revenue surged 17.0% year-over-year to $239.0M, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage
37

Weave Communications Inc has a moderate D/E ratio of 1.52. This balance of debt and equity financing earns a leverage score of 37/100.

Liquidity
30

Weave Communications Inc's current ratio of 1.24 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
52

Weave Communications Inc has a free cash flow margin of 6.3%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
35

Weave Communications Inc's ROE of -34.1% shows moderate profitability relative to equity, earning a score of 35/100. This is up from -42.3% the prior year.

Altman Z-Score Distress
0.98

Weave Communications Inc scores 0.98, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($490.9M) relative to total liabilities ($125.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
5/8

Weave Communications Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed
-0.63x

For every $1 of reported earnings, Weave Communications Inc generates $-0.63 in operating cash flow ($17.5M OCF vs -$28.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-18.0x

Weave Communications Inc earns $-18.0 in operating income for every $1 of interest expense (-$30.6M vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$239.0M
YoY+17.0%
5Y CAGR+24.5%

Weave Communications Inc generated $239.0M in revenue in fiscal year 2025. This represents an increase of 17.0% from the prior year.

EBITDA
-$19.0M
YoY+4.4%

Weave Communications Inc's EBITDA was -$19.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.4% from the prior year.

Net Income
-$28.1M
YoY+1.0%

Weave Communications Inc reported -$28.1M in net income in fiscal year 2025. This represents an increase of 1.0% from the prior year.

EPS (Diluted)
$-0.37
YoY+7.5%

Weave Communications Inc earned $-0.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$15.2M
YoY+26.6%

Weave Communications Inc generated $15.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 26.6% from the prior year.

Cash & Debt
$55.0M
YoY+6.5%
5Y CAGR-0.3%

Weave Communications Inc held $55.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
78M
YoY+7.0%

Weave Communications Inc had 78M shares outstanding in fiscal year 2025. This represents an increase of 7.0% from the prior year.

Margins & Returns

Gross Margin
72.1%
YoY+0.7pp
5Y CAGR+15.2pp

Weave Communications Inc's gross margin was 72.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin
-12.8%
YoY+2.6pp
5Y CAGR+36.7pp

Weave Communications Inc's operating margin was -12.8% in fiscal year 2025, reflecting core business profitability. This is up 2.6 percentage points from the prior year.

Net Margin
-11.7%
YoY+2.1pp
5Y CAGR+38.9pp

Weave Communications Inc's net profit margin was -11.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity
-34.1%
YoY+8.3pp

Weave Communications Inc's ROE was -34.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$44.5M
YoY+10.5%
5Y CAGR+17.4%

Weave Communications Inc invested $44.5M in research and development in fiscal year 2025. This represents an increase of 10.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$2.4M
YoY+9.3%
5Y CAGR-2.8%

Weave Communications Inc invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.3% from the prior year.

WEAV Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $65.5M+3.3% $63.4M+3.4% $61.3M+4.9% $58.5M+4.8% $55.8M+3.0% $54.2M+3.4% $52.4M+3.6% $50.6M
Cost of Revenue $18.0M+3.6% $17.3M+2.0% $17.0M+2.9% $16.5M+4.1% $15.9M+4.9% $15.1M+3.2% $14.7M+1.4% $14.5M
Gross Profit $47.5M+3.2% $46.1M+3.9% $44.3M+5.7% $42.0M+5.0% $39.9M+2.3% $39.0M+3.5% $37.7M+4.4% $36.1M
R&D Expenses $10.8M+31.9% $8.2M-37.5% $13.1M+9.5% $12.0M+7.5% $11.2M+3.7% $10.8M+9.0% $9.9M-0.9% $10.0M
SG&A Expenses $14.0M+12.0% $12.5M-9.1% $13.8M-7.7% $14.9M+2.2% $14.6M+6.3% $13.7M+2.9% $13.3M-1.5% $13.5M
Operating Income -$6.0M-178.8% -$2.2M+75.8% -$8.9M+12.2% -$10.2M-9.3% -$9.3M-26.4% -$7.4M-11.2% -$6.6M+28.4% -$9.3M
Interest Expense $369K-7.8% $400K+9.3% $366K-31.8% $537K+35.3% $397K-0.8% $400K-1.2% $405K+1.5% $399K
Income Tax $102K+251.7% $29K-64.6% $82K+107.4% -$1.1M-1657.7% $71K+6.1% $67K+19.5% $56K+7.7% $52K
Net Income -$5.8M-212.2% -$1.8M+78.7% -$8.7M+0.5% -$8.7M+1.3% -$8.8M-31.5% -$6.7M-14.2% -$5.9M+31.3% -$8.6M
EPS (Diluted) $-0.07 N/A $-0.110.0% $-0.11+8.3% $-0.12 N/A $-0.08+33.3% $-0.12

WEAV Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $204.3M-1.8% $208.0M+0.7% $206.5M+1.0% $204.3M+8.5% $188.3M-0.3% $188.9M-1.6% $192.0M+0.4% $191.2M
Current Assets $100.7M-4.1% $105.0M+2.0% $103.0M+3.6% $99.4M-17.4% $120.3M-0.4% $120.7M-1.5% $122.5M+1.2% $121.1M
Cash & Equivalents $42.2M-23.2% $55.0M-14.7% $64.4M+44.2% $44.7M-16.4% $53.4M+3.5% $51.6M+1.0% $51.1M-1.1% $51.7M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $4.6M+6.7% $4.3M+1.5% $4.3M+26.3% $3.4M+8.3% $3.1M-16.4% $3.7M-55.2% $8.4M+51.3% $5.5M
Goodwill $29.5M0.0% $29.5M0.0% $29.5M+0.5% $29.3M N/A $0 N/A N/A
Total Liabilities $121.0M-3.6% $125.6M-1.8% $127.8M+1.9% $125.5M+4.8% $119.7M-1.8% $122.0M-1.0% $123.2M+1.5% $121.4M
Current Liabilities $81.1M-4.2% $84.6M+2.0% $82.9M+2.0% $81.3M+8.1% $75.2M-1.9% $76.6M-0.4% $76.9M+3.9% $74.1M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $83.3M+1.1% $82.4M+4.8% $78.6M-0.3% $78.9M+15.0% $68.6M+2.4% $67.0M-2.7% $68.8M-1.4% $69.8M
Retained Earnings -$324.8M-1.8% -$319.1M-0.6% -$317.2M-2.8% -$308.5M-2.9% -$299.8M-3.0% -$291.0M-2.4% -$284.3M-2.1% -$278.4M

WEAV Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$5.7M-191.4% $6.2M+2.9% $6.1M+11.5% $5.4M+2586.3% -$219K-103.3% $6.7M+48.3% $4.5M-80.2% $22.7M
Capital Expenditures $521K-53.6% $1.1M+302.2% $279K-48.7% $544K+22.5% $444K+15.9% $383K-30.1% $548K-26.0% $741K
Free Cash Flow -$6.2M-221.5% $5.1M-11.5% $5.8M+18.1% $4.9M+839.2% -$663K-110.5% $6.3M+59.2% $4.0M-82.0% $21.9M
Investing Cash Flow -$5.0M+59.9% -$12.6M-179.3% $15.8M+227.9% -$12.4M-648.5% $2.3M+469.6% -$611K-2677.3% -$22K-100.7% $3.4M
Financing Cash Flow -$2.0M+35.6% -$3.1M-43.1% -$2.2M-20.8% -$1.8M-702.2% -$225K+96.0% -$5.6M-10.6% -$5.0M-0.5% -$5.0M
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 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 72.6%-0.1pp 72.7%+0.4pp 72.3%+0.5pp 71.8%+0.2pp 71.6%-0.5pp 72.1%+0.1pp 72.0%+0.6pp 71.4%
Operating Margin -9.2%-5.8pp -3.4%+11.2pp -14.6%+2.8pp -17.4%-0.7pp -16.7%-3.1pp -13.6%-1.0pp -12.7%+5.6pp -18.3%
Net Margin -8.8%-5.9pp -2.9%+11.2pp -14.1%+0.8pp -14.9%+0.9pp -15.8%-3.4pp -12.4%-1.2pp -11.2%+5.7pp -16.9%
Return on Equity -6.9%-4.7pp -2.2%+8.8pp -11.0%+0.0pp -11.0%+1.8pp -12.9%-2.8pp -10.0%-1.5pp -8.5%+3.7pp -12.3%
Return on Assets -2.8%-1.9pp -0.9%+3.3pp -4.2%+0.1pp -4.3%+0.4pp -4.7%-1.1pp -3.5%-0.5pp -3.1%+1.4pp -4.5%
Current Ratio 1.240.0 1.240.0 1.24+0.0 1.22-0.4 1.60+0.0 1.58-0.0 1.59-0.0 1.64
Debt-to-Equity 1.45-0.1 1.52-0.1 1.63+0.0 1.59-0.2 1.75-0.1 1.82+0.0 1.79+0.1 1.74
FCF Margin -9.5%-17.6pp 8.1%-1.4pp 9.4%+1.1pp 8.4%+9.6pp -1.2%-12.8pp 11.6%+4.1pp 7.5%-35.8pp 43.4%

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Frequently Asked Questions

Weave Communications Inc (WEAV) reported $239.0M in total revenue for fiscal year 2025. This represents a 17.0% 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.

Weave Communications Inc (WEAV) revenue grew by 17% year-over-year, from $204.3M to $239.0M in fiscal year 2025.

No, Weave Communications Inc (WEAV) reported a net income of -$28.1M in fiscal year 2025, with a net profit margin of -11.7%.

Weave Communications Inc (WEAV) reported diluted earnings per share of $-0.37 for fiscal year 2025. This represents a 7.5% 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.

Weave Communications Inc (WEAV) had EBITDA of -$19.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Weave Communications Inc (WEAV) had a gross margin of 72.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Weave Communications Inc (WEAV) had an operating margin of -12.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Weave Communications Inc (WEAV) had a net profit margin of -11.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Weave Communications Inc (WEAV) has a return on equity of -34.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Weave Communications Inc (WEAV) generated $15.2M in free cash flow during fiscal year 2025. This represents a 26.6% 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.

Weave Communications Inc (WEAV) generated $17.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Weave Communications Inc (WEAV) had $208.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Weave Communications Inc (WEAV) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Weave Communications Inc (WEAV) invested $44.5M in research and development during fiscal year 2025.

Weave Communications Inc (WEAV) had 78M shares outstanding as of fiscal year 2025.

Weave Communications Inc (WEAV) had a current ratio of 1.24 as of fiscal year 2025, which is considered adequate.

Weave Communications Inc (WEAV) had a debt-to-equity ratio of 1.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Weave Communications Inc (WEAV) had a return on assets of -13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Weave Communications Inc (WEAV) has an Altman Z-Score of 0.98, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Weave Communications Inc (WEAV) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Weave Communications Inc (WEAV) has an earnings quality ratio of -0.63x, 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. Learn more in our complete guide to financial health indicators.

Weave Communications Inc (WEAV) has an interest coverage ratio of -18.0x, 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. Learn more in our complete guide to financial health indicators.

Weave Communications Inc (WEAV) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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