Taoweave, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
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Third-party market data · may be delayed
Under review: every model's value for Taoweave, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.
Taoweave, Inc. valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Taoweave has little or no product revenue yet; it used $3m of cash in the twelve months to June 2026. It passes 2 of our 2 financial-health checks.
Our model value for Taoweave is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Taoweave, Inc.'s trailing-twelve-month revenue grew 4.1% year on year, with a free-cash-flow margin of -142.2%. Where it lags: net margin of -272.1% ranks 170 of 185 application software companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 38.8% while net income fell 108.4%: a 70pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Taoweave, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | ~$0.0 ~$1.0–$4.2 | Left out: out of range vs price (0.03x) |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Taoweave, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Share price | $2160.00 | $780.00 | $834.00 | $3084.00 | $618.00 | $72.00 | $8.00 | $3.88 | $1.81 |
| Market value | $224m | $94m | $107m | $428m | $27.5bn | $4m | $1m | $3m | $4m |
| + Net debt (− = net cash) | −$2m | −$2m | $1m | −$3m | −$9m | −$3m | −$6m | −$5m | −$2m |
| Enterprise value | $222m | $91m | $108m | $425m | $27.5bn | $632000 | −$5m | −$2m | $2m |
| Multiples | |||||||||
| Price / sales | 15.1x | 7.4x | 8.3x | 27.9x | n/m | 0.7x | 0.3x | 1.4x | 1.7x |
| Price / earnings | 38.7x | — | — | — | — | — | — | — | — |
| Price / free cash flow | 151.6x | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
Weak moat
How hard Taoweave's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Cash operating profit has been a median -33.3% of total assets over 7 years.
Gross margin has been a median 33.1%, moving by 12.3 percentage points (standard deviation) across 7 years.
Operating margin has been a median -121.8%; its worst year was -293.2%.
Free cash flow was positive in 1 of 9 years, at a median -79.3% of revenue.
The diluted share count rose 962.4% over five years; stock-based pay has been a median 2.5% of revenue.
AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (24 before it).
No analyst estimates are published for Taoweave, Inc.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Mar 2021 | −$84.00 | −$136.98 | −63.1% |
| Dec 2020 | $138.00 | $96.00 | −30.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| TWAV | −80% | −88% | −89% | −52% | −53% | −30% |
| Industry peers (median) | −7% | −50% | +19% | +2% | −20% | −14% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| TWAV | 8% | 17% | 33% | 33% | 33% | 46% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| TWAV | −83% | −89% | −96% | −76% | −67% | −70% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since October 29, 2015: 100% from November 30, 2020 to February 19, 2026. Getting back needed a 850646% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| May 18, 2026 | +9.6% | −0.7% | +1.4% | +13.0% |
| November 13, 2025 | −26.0% | −1.7% | −33.6% | −20.6% |
| August 14, 2025 | −12.6% | −0.2% | −21.6% | −29.1% |
| May 13, 2025 | +1.2% | +0.8% | +12.8% | +25.5% |
| March 18, 2025 | +2.1% | 0.0% | +2.1% | −34.0% |
| November 7, 2024 | +3.2% | +1.2% | +8.3% | +1.3% |
| March 19, 2024 | +33.3% | +1.5% | +8.3% | +8.3% |
| November 14, 2023 | 0.0% | +2.2% | +25.0% | +43.7% |
| November 10, 2022 | −13.0% | +6.5% | −17.4% | −30.4% |
| August 9, 2022 | +6.5% | +1.7% | −6.5% | −19.4% |
| May 11, 2022 | −12.5% | −1.7% | −10.0% | −22.5% |
| March 29, 2022 | +17.2% | +0.6% | +13.8% | −12.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $4.3M |
| FY23 Q4 | $3.8M |
| FY24 Q1 | $3.4M |
| FY24 Q2 | $3.1M |
| FY24 Q3 | $2.8M |
| FY24 Q4 | $2.4M |
| FY25 Q1 | $2.4M |
| FY25 Q2 | $2.4M |
| FY25 Q3 | $2.4M |
| FY25 Q4 | $2.4M |
| FY26 Q1 | $2.5M |
| FY26 Q2 | $2.5M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | -28.7% |
| FY23 Q4 | -30.4% |
| FY24 Q1 | -31.8% |
| FY24 Q2 | -33.7% |
| FY24 Q3 | -35.7% |
| FY24 Q4 | -37.6% |
| FY25 Q1 | -30.1% |
| FY25 Q2 | -22.9% |
| FY25 Q3 | -13.8% |
| FY25 Q4 | 2.5% |
| FY26 Q1 | 6.2% |
| FY26 Q2 | 4.1% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | -104.7% |
| FY23 Q4 | -118.0% |
| FY24 Q1 | -131.7% |
| FY24 Q2 | -144.2% |
| FY24 Q3 | -164.9% |
| FY24 Q4 | -176.7% |
| FY25 Q1 | -156.2% |
| FY25 Q2 | -143.3% |
| FY25 Q3 | -130.5% |
| FY25 Q4 | -121.5% |
| FY26 Q1 | -112.2% |
| FY26 Q2 | -121.8% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | -78.0% |
| FY23 Q4 | -78.6% |
| FY24 Q1 | -81.8% |
| FY24 Q2 | -79.3% |
| FY24 Q3 | -116.9% |
| FY24 Q4 | -143.2% |
| FY25 Q1 | -145.6% |
| FY25 Q2 | -106.7% |
| FY25 Q3 | -132.7% |
| FY25 Q4 | -123.7% |
| FY26 Q1 | -118.4% |
| FY26 Q2 | -142.2% |
| Fiscal year | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||
| Revenue | 15 | 13 | 13 | 15 | 8 | 5 | 4 | 2 | 2 | 2 |
| Gross profit | — | 5 | 5 | 8 | 3 | 2 | 1 | 0 | 1 | 1 |
| EBITDA | −1 | −6 | −6 | −7 | −9 | −20 | −4 | −4 | — | — |
| Operating income | −2 | −7 | −8 | −10 | −12 | −22 | −4 | −4 | −3 | −3 |
| Net income | 6 | −7 | −8 | −7 | −9 | −22 | −4 | −4 | −6 | −7 |
| Diluted EPS | $2.10 | −$60.00 | −$22.80 | −$22.20 | −$219.20 | −$10.62 | −$39.20 | — | — | — |
| Growth (year on year) | ||||||||||
| Revenue | — | −15.1% | +2.2% | +19.5% | −49.5% | −29.2% | −30.4% | −37.6% | +2.5% | +4.1% |
| Net income | — | −223.9% | — | — | — | — | — | — | — | — |
| Diluted EPS | — | <−999% | — | — | — | — | — | — | — | — |
| Margins | ||||||||||
| Gross margin | — | 39.5% | 42.1% | 52.5% | 35.1% | 28.2% | 23.9% | 13.9% | 41.6% | 52.3% |
| EBITDA margin | −5.0% | −47.7% | −48.7% | −45.2% | −117.0% | −366.8% | −108.9% | −176.7% | — | — |
| Operating margin | −16.0% | −53.7% | −59.0% | −65.6% | −152.4% | −401.5% | −118.0% | −176.7% | −121.5% | −121.8% |
| Net margin | 39.1% | −57.1% | −60.5% | −48.4% | −117.0% | −400.7% | −115.1% | −170.0% | −260.8% | −272.1% |
| Free-cash-flow margin | 10.0% | −11.9% | −25.7% | −43.1% | −100.6% | −108.6% | −78.6% | −143.2% | −123.7% | −142.2% |
| Cash flow | ||||||||||
| Cash from operations | 2 | −1 | −3 | −7 | −8 | −6 | −3 | −3 | −3 | −3 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 1 | −1 | −3 | −7 | −8 | −6 | −3 | −3 | −3 | −3 |
| Stock-based pay | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 |
| Free cash flow after stock pay | 1 | −2 | −3 | −7 | −8 | −6 | −3 | −3 | −3 | −4 |
| Balance sheet | ||||||||||
| Cash | 4 | 2 | 5 | 5 | 9 | 3 | 6 | 5 | 2 | 1 |
| Total debt | 2 | 0 | 6 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −2 | −2 | 1 | −3 | −9 | −3 | −6 | −5 | −2 | −1 |
| Diluted shares | — | — | — | — | 44m | — | — | — | 2m | — |
| Returned to shareholders | ||||||||||
| Buybacks | 2 | 0 | 0 | 0 | — | — | — | — | — | — |
| Total returned | 2 | 0 | 0 | 0 | — | — | — | — | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 578 | 563 | 622 | 592 | 601 | 622 | 707 | 522 |
| Gross profit | 79 | 135 | 249 | 228 | 244 | 294 | 470 | 274 |
| EBITDA | −1,072 | −928 | — | — | — | — | — | — |
| Operating income | −1,072 | −928 | −691 | −683 | −802 | −785 | −559 | −841 |
| Net income | −1,040 | −884 | −672 | −605 | −2,290 | −2,788 | 1,697 | −3,290 |
| Diluted EPS | — | — | −$0.29 | — | — | — | $0.43 | — |
| Growth (year on year) | ||||||||
| Revenue | −33.7% | −40.4% | −0.6% | −3.1% | +4.0% | +10.5% | +13.7% | −11.8% |
| Margins | ||||||||
| Gross margin | 13.7% | 24.0% | 40.0% | 38.5% | 40.6% | 47.3% | 66.5% | 52.5% |
| EBITDA margin | −185.5% | −164.8% | — | — | — | — | — | — |
| Operating margin | −185.5% | −164.8% | −111.1% | −115.4% | −133.4% | −126.2% | −79.1% | −161.1% |
| Net margin | −179.9% | −157.0% | −108.0% | −102.2% | −381.0% | −448.2% | 240.0% | −630.3% |
| Free-cash-flow margin | −157.6% | −157.2% | −109.3% | −6.3% | −258.6% | −119.6% | −91.9% | −103.3% |
| Cash flow | ||||||||
| Cash from operations | −911 | −885 | −680 | −37 | −1,554 | −744 | −650 | −539 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −911 | −885 | −680 | −37 | −1,554 | −744 | −650 | −539 |
| Stock-based pay | 0 | 0 | 0 | 0 | 84 | 85 | 84 | 82 |
| Free cash flow after stock pay | −911 | −885 | −680 | −37 | −1,638 | −829 | −734 | −621 |
| Last 12 months unless stated | TWAV | SPAI | BMR | PDC | DGNX | ORKT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $2m | $3m | $3m | $2m | $4m | $4m | $482m |
| Revenue growth, last 12 months | 4.1% | 92.6% | 1.0% | −42.0% | 77.2% | 43.8% | 12.0% |
| Revenue growth, latest quarter | −11.8% | >999% | — | — | — | — | 11.9% |
| Gross margin | 52.3% | 62.2% | 89.7% | 59.5% | −76.0% | 44.2% | 69.2% |
| Operating margin | −121.8% | −513.8% | −208.6% | <−999% | −688.3% | −131.4% | 1.1% |
| Operating margin, 3-year average | −136.4% | −588.4% | — | — | — | — | −0.8% |
| Net margin | −272.1% | −500.0% | −194.6% | <−999% | −861.4% | −78.7% | 2.1% |
| Cash from operations / revenue | −142.2% | −287.6% | −151.9% | −250.3% | −390.1% | −80.4% | 18.2% |
| Free-cash-flow margin | −142.2% | −292.3% | −152.8% | −253.4% | −406.6% | −87.0% | 15.0% |
| Stock pay / revenue | 13.7% | — | 22.1% | 0.9% | — | — | 9.3% |
| Change in share count | 386.5% | 44.0% | 2.4% | 16.1% | 47.7% | 9.1% | 2.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 4.1% | 12.0% | 135 of 184 |
| Change in growth rate Growth | -2.1pp | +0.2pp | 137 of 184 |
| Gross margin Profitability | 52.3% | 69.8% | 116 of 160 |
| Operating margin Profitability | -121.8% | 1.1% | 157 of 181 |
| Net margin Profitability | -272.1% | 2.1% | 170 of 185 |
| Free-cash-flow margin Cash generation | -142.2% | 15.2% | 162 of 180 |
| Stock pay as % of revenue Cash generation | 13.7% | 9.3% | 121 of 177 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Managed Services | $2M | 80.3% | ▼ 5.1% |
| Collaboration Products | $294,000 | 12.1% | ▼ 7.0% |
| Digital Assets | $186,000 | 7.6% | — |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Network Services | $1.9M | 77.9% | ▼ 4.6% |
| Video Collaboration Service | $338,000 | 13.9% | ▼ 9.1% |
| Digital Assets | $186,000 | 7.6% | — |
| Professional and Other Services | $15,000 | 0.6% | ▼ 6.2% |
| Region | Revenue | Share | YoY |
|---|---|---|---|
| Outside the US | $1.3M | 53.1% | ▼ 11.6% |
| United States | $1.1M | 46.9% | ▲ 25.1% |
From Taoweave, Inc.'s 10-K filed March 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $57,947 | 42K | 21.2% | New |
| Citadel Advisors LLC | $51,387 | 37K | 18.8% | New |
| Geode Capital Management, LLC | $42,478 | 31K | 15.6% | ▼ 66.5% |
| Renaissance Technologies LLC | $29,532 | 21K | 10.8% | ▼ 64.0% |
| Vanguard Fiduciary Trust Co | $25,491 | 18K | 9.3% | 0.0% |
| Virtu Financial LLC | $22,000 | 16K | 8.1% | ▼ 37.9% |
| Northern Trust Corp | $17,058 | 12K | 6.2% | New |
| Vanguard Capital Management LLC | $14,934 | 11K | 5.5% | 0.0% |
| UBS Group AG | $6,182 | 4K | 2.3% | ▲ 63885.7% |
| Tower Research Capital LLC (TRC) | $5,897 | 4K | 2.2% | New |
| Newedge Advisors, LLC | $71 | 0K | 0.0% | 0.0% |
| Allworth Financial LP | $12 | 0K | 0.0% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Taoweave, Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Holst Peter President and CEO | November 19, 2025 | Buy | 5,000 | $1.90 | $9,500 |
| Schechter Jonathan Director | November 14, 2025 | Buy | 10,000 | $1.91 | $19,100 |
| Holst Peter President and CEO | November 14, 2025 | Buy | 10,000 | $1.84 | $18,400 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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