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

Weave Communications (NYSE:WEAV) posted its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04, FiscalAI reports. Weave Communications had a negative return on equity of 26.46% and a negative net margin of 10.05%.The firm had revenue of $67.54 million during the quarter, compared to analysts’ expectations of $67.88 million.

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 Trading Down 18.5%

NYSE WEAV traded down $1.24 during trading hours on Friday, reaching $5.42. The company had a trading volume of 886,065 shares, compared to its average volume of 1,501,968. 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 stock has a market capitalization of $431.67 million, a P/E ratio of -17.69 and a beta of 1.67. The stock has a 50-day moving average of $6.25 and a 200 day moving average of $5.73. Weave Communications has a 1-year low of $4.24 and a 1-year high of $8.11.

Analyst Upgrades and Downgrades

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

Institutional Trading of Weave Communications

Institutional investors have recently added to or reduced their stakes in the stock. Amundi lifted its stake in Weave Communications by 27.1% during the first quarter. Amundi now owns 5,301 shares of the company’s stock worth $59,000 after purchasing an additional 1,130 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Weave Communications by 119.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock valued at $72,000 after buying an additional 4,731 shares in the last quarter. RPO LLC purchased a new position in Weave Communications during the 4th quarter valued at about $81,000. Schonfeld Strategic Advisors LLC acquired a new position in Weave Communications in the 4th quarter valued at about $84,000. Finally, Stoic Point Capital Management LLC acquired a new position in Weave Communications in the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 86.83% of the company’s stock.

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.