Weave Communications (NYSE:WEAV) Announces Quarterly Earnings Results

Weave Communications (NYSE:WEAV) announced its quarterly earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04, FiscalAI reports. Weave Communications had a negative net margin of 10.05% and a negative return on equity of 26.46%. The firm had revenue of $67.54 million for the quarter, compared to analyst estimates 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 Stock Down 2.4%

Shares of NYSE WEAV traded down $0.17 during midday trading on Thursday, reaching $6.63. The company’s stock had a trading volume of 1,273,615 shares, compared to its average volume of 1,003,187. The stock has a 50 day simple moving average of $6.25 and a 200-day simple moving average of $5.73. 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 $527.95 million, a price-to-earnings ratio of -21.40 and a beta of 1.67. Weave Communications has a fifty-two week low of $4.24 and a fifty-two week high of $8.11.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Weave Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi grew its holdings in shares of Weave Communications by 27.1% in the 1st quarter. Amundi now owns 5,301 shares of the company’s stock valued at $59,000 after acquiring an additional 1,130 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Weave Communications by 119.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,683 shares of the company’s stock worth $72,000 after purchasing an additional 4,731 shares during the last quarter. RPO LLC bought a new stake in shares of Weave Communications during the 4th quarter worth approximately $81,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Weave Communications during the 4th quarter worth approximately $84,000. Finally, Stoic Point Capital Management LLC acquired a new stake in shares of Weave Communications in the 4th quarter valued at approximately $87,000. 86.83% of the stock is currently owned by institutional investors and hedge funds.

About Weave Communications

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.