Weave Communications, Inc. Earnings Recaps
Q1 2026
May 3, 2026
Weave Communications shares surged 18.8% after first-quarter results topped expectations, with accelerating revenue growth and meaningful operating margin expansion. The market rewarded improvements across customer additions, product adoption, and profitability.
Key takeaways
- Revenue grew 17.4% year over year, accelerating from prior periods.
- Operating income reached $2.5 million, a significant turnaround from breakeven last year.
- The company added its highest-ever number of customer locations in a quarter; revenue retention also improved.
- Payments revenue growth accelerated, and the company saw rising adoption of new AI-powered products and features.
- Over 50% of customer locations are now using at least one embedded AI solution, and customer AI interactions increased more than 300% year over year.
Q3 2025
Oct 31, 2025
Weave delivered a strong Q3 2025, achieving revenue of $61.3 million and a year-over-year growth rate of 17.1%, alongside record gross margins and free cash flow generation.
Key takeaways
- Revenue growth accelerated for the 15th consecutive quarter, exceeding guidance expectations.
- Gross margin reached a record 73%, reflecting improved operational efficiency.
- Generated $5 million in free cash flow, highlighting strong cash generation capabilities.
- Weave's AI-driven healthcare solutions enhance patient engagement, boosting operational efficiency for practices amid staffing challenges.
- The company's focus on secure, integrated software tailored to healthcare positions it favorably in a rapidly evolving market.