Weave Communications, Inc. reported a revenue of $61.3 million for the third quarter of 2025, marking a 17% increase from $52.4 million in the same period last year. For the nine months ending September 30, 2025, the company generated $175.6 million in revenue, up from $150.1 million in the prior year. Despite this growth, Weave recorded a net loss of $8.7 million for the quarter, compared to a loss of $5.9 million in Q3 2024. The nine-month net loss also widened to $26.2 million from $21.6 million year-over-year. The increase in losses was attributed to higher operating expenses, particularly in sales and marketing, which rose by 25% to $26.4 million, and research and development costs, which increased by 33% to $13.1 million.
The company’s total assets as of September 30, 2025, stood at $206.5 million, up from $188.9 million at the end of 2024. Cash and cash equivalents increased to $64.4 million from $51.6 million, while short-term investments decreased significantly to $15.9 million from $47.5 million. Weave's customer base continued to expand, with a total of 78,025,757 shares of common stock outstanding as of November 3, 2025. The company also completed the acquisition of Vidurama, Inc. in May 2025 for $35.9 million, which is expected to enhance its capabilities in AI-powered customer engagement solutions.
Weave's operational metrics showed a dollar-based net revenue retention rate of 94% as of September 30, 2025, down from 98% a year earlier, indicating challenges in retaining and expanding revenue from existing customers. The company continues to focus on enhancing its platform and expanding into new vertical markets, particularly targeting medium-sized businesses. The integration of AI features and the recent acquisition of Vidurama are part of this strategy to improve customer engagement and operational efficiency.
Looking ahead, Weave anticipates continued revenue growth driven by new customer acquisitions and increased usage of its platform. However, the company faces challenges such as rising operational costs, competition, and the need to effectively manage its growth. The management remains cautious about future profitability, given the historical losses and the ongoing investments required to enhance its product offerings and customer support capabilities. The company’s outlook emphasizes the importance of maintaining customer satisfaction and adapting to market demands to ensure sustainable growth.
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.