# Weave Communications, Inc. (WEAV)

> Source: Nexqual · https://nexqual.com/WEAV · data as of 2026-10-23 13:31 UTC · cite as "Nexqual, Weave Communications, Inc. (WEAV), nexqual.com/WEAV" · informational, not investment advice.

**Price:** USD 7.4 (+0.00% today) · US market open, as of October 23, 2026 at 13:31 UTC; quotes may be delayed. Prev close 7.4 · day 7.4–7.4 · 52w 4.24–7.7 · market cap $595M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $258M, net income -$20.5M (-8.0% margin), free cash flow $14.3M (SEC filings).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (4 analysts), mean target USD 7.4 (range 7.4–7.4).
- Total return with dividends: 1Y +8.0% vs S&P 500 +14.9%; 5Y -60.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.04, revenue estimate $69.2M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $116M | $142M | $170M | $204M | $239M | $258M |
| Gross profit | $66.5M | $88.8M | $116M | $146M | $172M | — |
| Operating income | -$50.4M | -$49.7M | -$34.4M | -$31.4M | -$30.6M | -$21.5M |
| Net income | -$51.7M | -$49.7M | -$31.0M | -$28.3M | -$28.1M | -$20.5M |
| EPS (diluted) | -$2.60 | -$0.76 | -$0.46 | -$0.40 | -$0.37 | — |
| Free cash flow | -$27.7M | -$14.7M | $8.5M | $12.0M | $15.2M | $14.3M |
| Gross margin | 57.4% | 62.5% | 68.1% | 71.4% | 72.1% | — |
| Operating margin | -43.5% | -35.0% | -20.2% | -15.4% | -12.8% | -8.3% |
| Net margin | -44.6% | -35.0% | -18.2% | -13.9% | -11.7% | -8.0% |
| Revenue growth | +45.0% | +22.7% | +19.9% | +19.9% | +17.0% | — |
| Cash + short-term investments | $136M | $62.0M | $50.8M | $51.6M | $55.0M | — |
| Total debt | $10.0M | $10.0M | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 2.3x · P/FCF 41.6x · P/B 7.0x · FCF yield 2.40% · Earnings yield -3.45%

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 4 analysts; mean target USD 7.4 (low 7.4, high 7.4).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-24 | Raymond James | Downgrade | Outperform → Market Perform |  |
| 2026-08-19 | B. Riley Securities | Downgrade | Buy → Neutral | $8.25 → $7.4 |
| 2026-08-19 | Loop Capital | Downgrade | Buy → Hold | $7.4 |
| 2026-08-18 | Piper Sandler | Downgrade | Overweight → Neutral | $8 → $7.4 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-11-08) |
|---|---|---|
| Total return | +8.0% | -60.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +8.0% | -16.9% |
| Volatility (annualized) | 64.7% | 64.7% |
| Max drawdown | -42.4% (Dec 2025→Mar 2026) | -84.5% (Nov 2021→Jun 2022) |

## Peers (Health Information Services)
SOPH (SOPHiA GENETICS SA) USD 6.96 -1.28% · EVH (Evolent Health, Inc) USD 4.95 +1.23% · NRC (NRC Health) USD 21.99 +2.85% · PHR (Phreesia, Inc.) USD 12.35 -2.91% · CARL (Carlsmed, Inc.) USD 14.42 -1.33% · CTEV (Claritev Corporation) USD 23.51 +0.04%

## More
Full page: https://nexqual.com/WEAV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in WEAV's own 10-K filed 2026-03-05 (https://www.sec.gov/Archives/edgar/data/1609151/000160915126000016/weav-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Stripe | "In particular, we rely on single-source suppliers for phones and point-of-sale terminals, such as Yealink to supply phones for our platform and Stripe Inc. ("Stripe") to provide point-of-sale devices and payment processi…" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Subscription and payment processing | $64.6M | 95.6% | +15.3% |
| Phone hardware | $2.2M | 3.2% | +33.0% |
| Onboarding | $782,000 | 1.2% | -6.1% |
| Total revenue | $67.5M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.04 | $0.04 | -5.6% | $69.2M | 4 |
| Next quarter (ends 2026-12-31) | $0.06 | $0.06 | +0.0% | $72.0M | 4 |
| Current fiscal year (ends 2026-12-31) | $0.17 | $0.17 | +1.5% | $274.2M | 4 |
| Next fiscal year (ends 2027-12-31) | $0.25 | $0.23 | +5.3% | $310.9M | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±6.1%; last 8 reports averaged ±12.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 16.5% | ±6.1% |
| 2027-02-19 | 119 | 8.6% | ±6.1% |