Weave Communications, Inc. reported a revenue of $67.5 million for the second quarter of 2026, marking a 16% increase from $58.5 million in the same period last year. For the first half of 2026, the company generated $133.0 million in revenue, up from $114.3 million in the first half of 2025. Despite this growth, Weave recorded a net loss of $4.3 million for the quarter, an improvement from the $8.7 million loss reported in the prior year. The company attributed the revenue increase primarily to new customer acquisitions and growth in existing customer subscriptions.
In terms of operational metrics, Weave's customer base has expanded, contributing to a dollar-based net revenue retention rate of 92% as of June 30, 2026, down from 96% a year earlier. The company continues to focus on enhancing its platform, which integrates communications and payment solutions tailored for small and medium-sized healthcare practices. Weave's strategic initiatives include the introduction of new products, such as an AI-powered receptionist, aimed at improving customer engagement and operational efficiency.
Weave's total operating expenses for the second quarter were $53.0 million, slightly higher than the $52.1 million reported in the same quarter of 2025. The increase was driven by higher sales and marketing expenses, which rose to $27.4 million from $25.2 million, reflecting the company's ongoing investment in customer acquisition and brand awareness. Research and development costs remained stable, while general and administrative expenses decreased, indicating a focus on cost management.
The company also reported a cash position of $47.6 million as of June 30, 2026, down from $54.9 million at the end of 2025. Weave's cash flow from operating activities was $4.5 million for the first half of 2026, compared to $5.2 million in the same period last year. The decrease in cash was attributed to increased investments in short-term securities and capital expenditures related to software development and equipment.
Looking ahead, Weave Communications remains optimistic about its growth trajectory, emphasizing its commitment to expanding its customer base and enhancing its product offerings. The company plans to continue investing in technology and marketing to drive customer engagement and retention, while navigating the challenges posed by a competitive landscape and evolving market conditions.
About Weave Communications, Inc.
Weave Communications provides an all-in-one customer experience and payments platform for small and medium-sized healthcare practices. Its solutions unify communication channels, automate patient engagement, streamline billing, and support practice management. Serving over 30,000 customers across various healthcare verticals in the U.S. and Canada, Weave enhances operational efficiency, patient loyalty, and revenue growth through intuitive, integrated software tailored to SMB healthcare needs.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov