Weave Communications (NYSE:WEAV) Posts Quarterly Earnings Results, Hits Expectations

Weave Communications (NYSE:WEAV) released its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04, FiscalAI reports. The firm had revenue of $67.54 million during the quarter, compared to analysts’ expectations of $67.88 million. Weave Communications had a negative net margin of 7.97% and a negative return on equity of 21.37%.

Here are the key takeaways from Weave Communications’ conference call:

• Q2 revenue rose 15.5% year over year to $67.5 million, with payments growth roughly twice the rate of total revenue and record gross and net new-location additions. Dental delivered its strongest location-add quarter in eight quarters, while specialty medical growth accelerated.
• Operating income reached $3.2 million versus breakeven a year ago, lifting operating margin to 4.7%. Sales and marketing expense fell to 38% of revenue, and the company generated $8.7 million in free cash flow during the quarter.
• AI adoption continued to expand, with custom AI interactions up 165% year over year to 70 million and more than 14.5 million calls analyzed through Call Intelligence. Management expects products such as AI Receptionist to support higher monetization, retention, and payments volume.
• Weave lowered its 2026 revenue outlook to $273 million–$275 million after a May-to-July go-to-market transition caused booking shortfalls that will weigh on third- and fourth-quarter revenue. Management accelerated completion of the SDR and account-executive restructuring into August, but execution improvements remain to be demonstrated.
• Despite the revenue reset, Weave raised its full-year non-GAAP operating income outlook to $12 million–$14 million, citing improved sales efficiency and continued operating leverage. A deeper athenahealth integration and Marketplace presence are also expected to improve specialty-medical average revenue, retention, and customer-acquisition economics over time.

Weave Communications Price Performance

WEAV opened at $5.33 on Friday. Weave Communications has a 12-month low of $4.24 and a 12-month high of $8.11. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $6.24 and its 200-day simple moving average is $5.73. The company has a market capitalization of $423.71 million, a price-to-earnings ratio of -21.30 and a beta of 1.67.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Weave Communications in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Weave Communications presently has a consensus rating of “Hold” and a consensus target price of $8.33.

Institutional Trading of Weave Communications

A number of hedge funds have recently added to or reduced their stakes in the business. Amundi increased its position in Weave Communications by 27.1% during the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after purchasing an additional 1,130 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Weave Communications by 119.7% during the second quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock valued at $72,000 after purchasing an additional 4,731 shares in the last quarter. RPO LLC bought a new position in shares of Weave Communications during the fourth quarter valued at approximately $81,000. Schonfeld Strategic Advisors LLC purchased a new position in Weave Communications during the fourth quarter valued at approximately $84,000. Finally, Stoic Point Capital Management LLC purchased a new position in Weave Communications during the fourth quarter valued at approximately $87,000. 86.83% of the stock is owned by hedge funds and other institutional investors.

Weave Communications Company Profile

Weave Communications is a technology company that provides integrated communications and customer management solutions tailored for small- to medium-sized local businesses. Headquartered in Lehi, Utah, the company developed a cloud-based platform that unifies voice calling, business texting, appointment reminders and payment processing within a single interface.

The platform’s core offerings include a unified business phone system, two-way texting, automated appointment and recall reminders, secure payment acceptance and a basic customer relationship management module.