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).
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
Revenue grew
Financial Health Signals
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
Earnings & Revenue
Weave Communications Inc generated $239.0M in revenue in fiscal year 2025. This represents an increase of 17.0% from the prior year.
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.
Weave Communications Inc reported -$28.1M in net income in fiscal year 2025. This represents an increase of 1.0% from the prior year.
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
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.
Weave Communications Inc held $55.0M in cash against $0 in long-term debt as of fiscal year 2025.
Weave Communications Inc had 78M shares outstanding in fiscal year 2025. This represents an increase of 7.0% from the prior year.
Margins & Returns
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.
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.
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.
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
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.
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
What is Weave Communications Inc's annual revenue?
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.
How fast is Weave Communications Inc's revenue growing?
Weave Communications Inc (WEAV) revenue grew by 17% year-over-year, from $204.3M to $239.0M in fiscal year 2025.
Is Weave Communications Inc profitable?
No, Weave Communications Inc (WEAV) reported a net income of -$28.1M in fiscal year 2025, with a net profit margin of -11.7%.
What is Weave Communications Inc's EBITDA?
Weave Communications Inc (WEAV) had EBITDA of -$19.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Weave Communications Inc's gross margin?
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.
What is Weave Communications Inc's operating margin?
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.
What is Weave Communications Inc's net profit margin?
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.
What is Weave Communications Inc's return on equity (ROE)?
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.
What is Weave Communications Inc's free cash flow?
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.
What is Weave Communications Inc's operating cash flow?
Weave Communications Inc (WEAV) generated $17.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Weave Communications Inc's total assets?
Weave Communications Inc (WEAV) had $208.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Weave Communications Inc's capital expenditures?
Weave Communications Inc (WEAV) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Weave Communications Inc spend on research and development?
Weave Communications Inc (WEAV) invested $44.5M in research and development during fiscal year 2025.
What is Weave Communications Inc's current ratio?
Weave Communications Inc (WEAV) had a current ratio of 1.24 as of fiscal year 2025, which is considered adequate.
What is Weave Communications Inc's debt-to-equity ratio?
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.
What is Weave Communications Inc's return on assets (ROA)?
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.
What is Weave Communications Inc's Altman Z-Score?
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.
What is Weave Communications Inc's Piotroski F-Score?
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.
Are Weave Communications Inc's earnings high quality?
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.
Can Weave Communications Inc cover its interest payments?
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.
How financially healthy is Weave Communications Inc?
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.