Weave Communications, Inc. WEAV
Our mission is to elevate the patient experience through a unified platform that improves business operations so healthcare professionals can focus on patient care and realize their dreams.
Weave is a leading AI-powered patient communications, engagement, and payments platform purpose-built for small and medium-sized ("SMB") healthcare practices. We strive to elevate patient experiences through a unified platform that improves business operations, allowing healthcare professionals to focus on what matters most: patient care.
Weave serves as the orchestration layer for modern healthcare practices, bringing together voice, text, and AI-powered workflows into a single system of work. Our platform is built on nearly two decades of domain expertise and billions of patient interactions, allowing us to leverage a vertically specialized data that allows us to deliver high-accuracy automation within strict privacy and regulatory frameworks.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $239.0M | $204.3M | $170.5M | $142.1M | $115.9M | $79.9M | $45.7M | — |
| Cost of revenue | $66.7M | $58.4M | $54.4M | $53.3M | $49.4M | $34.4M | $18.5M | — |
| Gross profit | $172.3M | $145.9M | $116.1M | $88.8M | $66.5M | $45.4M | $27.2M | — |
| R&D | $44.5M | $40.2M | $34.0M | $30.7M | $27.0M | $20.0M | $14.4M | — |
| SG&A | $55.8M | $52.5M | $45.7M | $42.5M | $31.6M | $25.8M | $13.0M | — |
| Total operating expenses | $202.9M | $177.3M | $150.5M | $138.5M | $116.9M | $85.0M | $59.1M | — |
| Operating income | -$30.6M | -$31.4M | -$34.4M | -$49.7M | -$50.4M | -$39.6M | -$31.9M | — |
| Interest expense | $1.7M | $1.5M | $1.9M | $1.4M | $1.2M | $1.1M | $811.0K | — |
| Pre-tax income | -$27.1M | -$28.2M | -$30.8M | -$49.6M | -$51.6M | -$40.4M | -$32.1M | — |
| Income tax | $924.0K | $189.0K | $260.0K | $104.0K | $60.0K | $0 | $0 | — |
| Net income | -$28.1M | -$28.3M | -$31.0M | -$49.7M | -$51.7M | -$40.4M | -$32.1M | — |
| EPS, basic | -0.37 | -0.40 | -0.46 | -0.76 | -2.60 | -3.75 | -3.30 | — |
| EPS, diluted | -0.37 | -0.40 | -0.46 | -0.76 | -2.60 | -3.75 | -3.30 | — |
| Shares, diluted (wtd. avg.) | 76.3M | 71.7M | 67.7M | 65.1M | 20.6M | 11.4M | 10.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $55.0M | $51.6M | $50.8M | $62.0M | $136.0M | $55.7M | $80.2M | $39.8M |
| Receivables | $4.3M | $3.7M | $3.5M | $3.3M | $3.1M | $2.5M | — | — |
| Total current assets | $105.0M | $120.7M | $129.8M | $132.9M | $154.4M | $67.7M | — | — |
| Property, plant and equipment | $9.2M | $8.4M | $9.9M | $10.8M | $24.5M | $18.3M | — | — |
| Goodwill | $29.5M | $0 | — | — | — | — | — | — |
| Other intangibles | $7.1M | $0 | — | — | — | — | — | — |
| Total assets | $208.0M | $188.9M | $201.0M | $208.3M | $187.5M | $93.0M | — | — |
| Accounts payable | $7.3M | $8.3M | $5.2M | $3.8M | $4.1M | $3.4M | — | — |
| Short-term debt | — | — | $0 | $10.0M | $0 | $400.0K | — | — |
| Total current liabilities | $84.6M | $76.6M | $72.9M | $72.2M | $54.3M | $44.0M | — | — |
| Long-term debt | — | — | — | $0 | $10.0M | $10.0M | — | — |
| Total liabilities | $125.6M | $122.0M | $122.1M | $125.1M | $75.2M | $55.0M | — | — |
| Retained earnings | -$319.1M | -$291.0M | -$262.7M | -$231.6M | -$181.9M | -$130.2M | — | — |
| Total equity | $82.4M | $67.0M | $79.0M | $83.2M | $112.3M | -$113.9M | -$86.0M | -$61.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $17.5M | $14.1M | $10.2M | -$12.8M | -$20.4M | -$15.5M | -$22.1M | — |
| Depreciation and amortisation | $11.6M | $11.5M | $12.0M | $13.0M | $12.1M | $9.4M | $5.7M | — |
| Stock-based compensation | $32.1M | $32.2M | $22.8M | $18.8M | $14.1M | $11.6M | $1.4M | — |
| Capital expenditure | $2.4M | $2.2M | $1.7M | $1.9M | $7.4M | $2.8M | $2.5M | — |
| Investing cash flow | -$6.8M | $8.9M | -$7.7M | -$54.0M | -$9.8M | -$3.9M | -$2.5M | — |
| Financing cash flow | -$7.3M | -$22.2M | -$13.7M | -$7.2M | $110.5M | -$5.2M | $65.0M | — |
| Buybacks | — | — | — | — | $0 | $0 | $1.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001609151-26-000016.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $45.7M | $79.9M | $115.9M | $142.1M | $170.5M | $204.3M | $239.0M |
| Gross profit | — | $27.2M | $45.4M | $66.5M | $88.8M | $116.1M | $145.9M | $172.3M |
| Net income | — | -$32.1M | -$40.4M | -$51.7M | -$49.7M | -$31.0M | -$28.3M | -$28.1M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |