10-K · March 5, 2026
Weave positions itself as an AI-powered, vertical SaaS platform for SMB healthcare practices (dental, optometry, veterinary and specialty medical) with a unified communications, payments and AI workflow roadmap. Revenue…
Earnings analysis · 10-Q
WEAV earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Weave Communications reported a strong Q1 2026, with revenues reaching $65.5 million, a 17% increase year-over-year, and an EPS of $0.03, exceeding expectations by $0.05. The company continues to expand its footprint in…
Read full summary
Weave Communications reported a strong Q1 2026, with revenues reaching $65.5 million, a 17% increase year-over-year, and an EPS of $0.03, exceeding expectations by $0.05. The company continues to expand its footprint in the SMB healthcare sector while facing challenges regarding cash flow and operational efficiency. Despite ongoing losses, the positive revenue trend bolsters confidence for the upcoming quarters.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.03
- Gross margin
- 73%
- Segment
- Subscription and payment processing
- Segment
- Onboarding
- Segment
- Phone Hardware
What stood out
-
Revenue Growth of 17% Year-Over-Year
Total revenues for Q1 2026 were $65.5 million, an increase of $9.7 million from $55.8 million in Q1 2025.
-
Positive Earnings Surprise
Reported EPS of $0.03 exceeded the estimate of -$0.02 by $0.05, demonstrating improved profitability.
-
Improved Gross Margin
Gross margin improved to 73% in Q1 2026 from 72% in Q1 2025, showcasing better cost efficiencies.
-
Increase in Recurring Revenues
Recurring subscription and payment processing revenue accounted for 90% of total revenues, supporting stable cash flows.
-
Strong Demand for New Products
New product offerings and enhanced functionalities have contributed to customer engagement and revenue growth.
-
Cash Reserves Available for Growth
As of March 31, 2026, the company had $42.2 million in cash and short-term investments, providing a cushion for operational challenges.
What to watch
-
Negative Free Cash Flow
Q1 2026 saw free cash flow of -$7.1 million compared to -$1.06 million in Q1 2025, indicating cash management issues.
-
Accumulated Losses
The company reported an accumulated deficit of $324.8 million as of March 31, 2026, raising concerns over long-term profitability.
-
Customer Retention Risks
Dollar-based net revenue retention rate dropped to 92% in Q1 2026 from 98% in Q1 2025, reflecting potential challenges in customer loyalty.
Management's outlook
Management expects Q2 2026 revenue to be between $67.2 million and $68.2 million.
Earlier filings 4
10-K · March 13, 2025
Weave positions itself as an AI-enabled, all-in-one customer experience and payments platform purpose-built for small and medium-sized healthcare practices, integrating communications, scheduling and payments into a…
10-K · March 13, 2024
Weave positions itself as an all-in-one customer experience and payments platform for SMB healthcare practices, serving over 31,000 locations and more than 28,000 customers as of December 31, 2023. The 10-K emphasizes a…
10-Q · November 8, 2023
Weave reported Q3 revenue of $43,544,000, up $7,314,000 (20.2%) versus $36,230,000 in Q3 2022, with gross profit expanding to $29,935,000 (68.8% margin) and an operating loss that narrowed to $(8,022,000). Liquidity…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.