Weave Communications, Inc. income statement
In fiscal 2025, Weave Communications, Inc. reported revenue of $239m, up 17.0% on the year before, operating income of −$30.6m (a -12.8% margin) and net income of −$28.1m, or −$0.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 46 | 80 | 116 | 142 | 170 | 204 | 239 | 258 |
| Cost of revenue | 19 | 34 | 49 | 53 | 54 | 58 | 67 | 71 |
| Gross profit | 27 | 45 | 66 | 89 | 116 | 146 | 172 | 187 |
| Research and development | 14 | 20 | 27 | 31 | 34 | 40 | 44 | 44 |
| Selling and marketing | 32 | 39 | 58 | 65 | 71 | 85 | 103 | 110 |
| General and administrative | 13 | 26 | 32 | 42 | 46 | 52 | 56 | 54 |
| Operating income | −32 | −40 | −50 | −50 | −34 | −31 | −31 | −22 |
| Interest expense | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | −1 | 0 |
| Net income | −32 | −40 | −52 | −50 | −31 | −28 | −28 | −21 |
| Diluted EPS | −$1.10 | −$1.25 | −$0.87 | −$0.76 | −$0.46 | −$0.40 | −$0.37 | −$0.26 |
| Diluted shares (average) | 31m | 34m | 62m | 65m | 68m | 72m | 76m | 78m |
| EBITDA | −26 | −30 | −38 | −37 | −22 | −20 | −19 | −11 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 54 | 56 | 58 | 61 | 63 | 66 | 68 |
| Cost of revenue | 15 | 15 | 16 | 17 | 17 | 17 | 18 | 19 |
| Gross profit | 38 | 39 | 40 | 42 | 44 | 46 | 48 | 49 |
| Research and development | 10 | 11 | 11 | 12 | 13 | 8 | 11 | 12 |
| Selling and marketing | 21 | 22 | 24 | 25 | 26 | 28 | 29 | 27 |
| General and administrative | 13 | 14 | 15 | 15 | 14 | 13 | 14 | 14 |
| Operating income | −7 | −7 | −9 | −10 | −9 | −2 | −6 | −4 |
| Interest expense | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Income tax | 0 | 0 | 0 | −1 | 0 | 0 | 0 | 0 |
| Net income | −6 | −7 | −9 | −9 | −9 | −2 | −6 | −4 |
| Diluted EPS | −$0.08 | −$0.10 | −$0.12 | −$0.11 | −$0.11 | −$0.02 | −$0.07 | −$0.05 |
| EBITDA | −4 | −5 | −7 | −9 | −6 | 1 | −3 | −3 |
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