WEAVNYSEServices-Prepackaged SoftwareUS GAAP · USD

Weave Communications, Inc.

Weave Communications, Inc. develops cloud-based customer communication and payments software for small and medium-sized businesses, with a strong focus on healthcare practices. Its platform combines phone, messaging, scheduling, reviews, forms, marketing, and payment tools into a single system, and the company is based in the United States.

Revenue239m USD
+17.0 %y/y
Operating profit (EBIT)-30.6m USD
+2.6 %y/y
EBIT margin-12.8%
+2.6 ppy/y
Net income-28.1m USD
+1.0 %y/y
Free cash flow15.2m USD
+26.6 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-1000100200300m USD2020: 80 m USD2020: EBIT -40 m USD20202021: 116 m USD2021: EBIT -50 m USD20212022: 142 m USD2022: EBIT -50 m USD20222023: 170 m USD2023: EBIT -34 m USD20232024: 204 m USD2024: EBIT -31 m USD20242025: 239 m USD2025: EBIT -31 m USD2025239-31
RevenueOperating profit (EBIT)

Business

Share of revenue
Subscription platform78 %

Recurring access to the Weave software platform and related phone hardware.

Payment processing10 %

Transaction-based revenue from Weave Payments used by customers and their end consumers.

Onboarding and installation7 %

Non-recurring setup, installation, and customer onboarding services.

Embedded phone hardware leases5 %

Revenue associated with phone hardware provided under embedded lease arrangements.

Products

Reported · share of revenue
95.7%FY2025100 %
  • Subscription and Payment Processing95.7 %
  • Phone Hardware2.8 %
  • Onboarding1.4 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Weave sells primarily to small and medium-sized businesses, especially healthcare practices that need a unified way to manage patient communication and payments. Its core end markets include dental, vision, veterinary, and medical practices, including multi-location groups and DSOs. Customers buy the platform to replace fragmented point solutions and manual workflows with a single system tied into their practice management software.

Single-location SMB healthcare practices

Buy the core platform for calls, messaging, scheduling, reviews, and payments to simplify daily operations.

Multi-location healthcare groups

Buy Weave Enterprise and analytics tools to standardize workflows and manage multiple offices centrally.

Dental service organizations (DSOs)

Use centralized communication and revenue-cycle tools across many dental locations.

Vision, veterinary, and medical practices

Adopt the platform for patient engagement, scheduling, and payment collection workflows.

Strategy

Weave’s strategy is to deepen adoption of its integrated platform by small businesses while expanding into medium-sized, multi-location healthcare organizations. It is also emphasizing tighter product integration with PMS and EHR systems, broader use of Weave Payments, and a more capable enterprise offering to improve retention and increase platform value.

Expand multi-location healthcare penetrationMedium term

Multi-location customers can generate larger, stickier deployments and justify enterprise features.

Deepen platform integrationShort term

Integrations with PMS and EHR systems improve workflow fit and reduce switching risk.

Increase monetization of payments and workflow toolsMedium term

Payments and embedded workflows broaden revenue per customer beyond core subscriptions.

Geography

Weave is headquartered in Lehi, Utah and operates primarily in the United States. The business is built around U.S. healthcare practices, so its revenue exposure is concentrated in the domestic market and tied to U.S. regulatory and data-privacy requirements.

Risks

Weave depends on third-party hardware, messaging, and payment providers, so supply interruptions or pricing changes can disrupt service delivery. Its platform also faces deliverability and regulatory risks tied to email, text messaging, and healthcare data privacy, which can affect customer retention and compliance costs. Competition is intense and fragmented, with many point solutions and practice-management systems already embedded in customer workflows.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Third-party supplier and platform dependency1Email and SMS deliverability restrictions2Healthcare privacy and regulatory compliance3Fragmented competitive landscape4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Third-party supplier and platform dependencyImpact: HighLikelihood: Medium

    Phones, payment devices, messaging, and internal SaaS tools rely on outside vendors, sometimes single-source.

    ExposureYealinkStripeBandwidthTelnyxOther vendors
  2. Email and SMS deliverability restrictionsImpact: HighLikelihood: Medium

    If providers or mobile operators block or downgrade messages, customer engagement and platform value can fall.

    Exposure: Customer communications and marketing workflows

  3. Healthcare privacy and regulatory complianceImpact: HighLikelihood: Low

    The platform handles personal and health-related data, increasing exposure to HIPAA, CPRA, and similar rules.

    Exposure: U.S. healthcare practices and patient data

  4. Fragmented competitive landscapeImpact: MediumLikelihood: Low

    Customers can assemble point solutions from multiple vendors or stay with existing practice systems.

    Exposure: SMB healthcare software and communications

Accounting

Judgemental items
Revenue mix and timing

Subscriptions, payments, onboarding, and embedded leases are recognized differently and affect comparability.

Impact: Recurring revenue share and non-recurring setup fees

Allowance for credit losses

Customer collections and payment processing exposure require judgment on expected losses.

Impact: Accounts receivable and revenue-related reserves

Deferred contract costs and lease accounting

Capitalized acquisition costs and phone-hardware lease arrangements affect expense timing.

Impact: Operating expenses, assets, and liabilities

Goodwill and acquired intangibles

Any acquisitions create impairment risk if expected synergies or growth do not materialize.

Impact: Balance sheet carrying values and impairment charges

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026