Weave Communications, Inc. (WEAV): Results of Operations and Financial Condition
Weave Communications, Inc. (WEAV) filed an SEC Form 8-K — Results of Operations and Financial Condition. Weave Announces Second Quarter 2026 Financial Results • Second quarter total revenue of $67.5 million, up 15.5% year over year • Second quarter GAAP gross margin of 72.0%, up 30 basis points year over year • Second quarter Non-GAAP gross margin of 72.6%, up 30 basis points year o
How this was made
The 30-second read
Why it matters
The filing provides a complete earnings-and-guidance package: revenue growth, gross margin trends, operating loss narrowing on a GAAP basis, non-GAAP operating income improvement, and explicit forward guidance ranges.
Market read
For traders, the actionable items are the newly disclosed Q2 financials and the Q3 and FY 2026 guidance ranges, which can reprice expectations immediately.
What to watch
The guidance is for revenue and non-GAAP income from operations only; traders may need to watch for cash flow sustainability and any implied operating expense trajectory not fully captured by non-GAAP metrics.
Weave Announces Second Quarter 2026 Financial Results
Revenue increased 15.5% year over year, non-GAAP income from operations increased to $3.2 million, and operating cash flow and free cash flow both increased year over year. GAAP loss from operations and GAAP net loss also narrowed materially.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenueGAAP | $67.5 million | – | 15.5% |
| Gross marginGAAP | 72.0% | – | up 30 basis points year over year |
| Gross marginnon-GAAP | 72.6% | – | up 30 basis points year over year |
| Loss from operationsGAAP | $4.4 million | – | down $5.8 million year over year |
| Income from operationsnon-GAAP | $3.2 million | – | up $3.1 million year over year |
| Net lossGAAP | $4.3 million | – | – |
| Net loss per shareGAAP | $0.05 per share | – | – |
| Net incomenon-GAAP | $3.3 million | – | – |
| Net income per sharenon-GAAP | $0.04 per share | – | – |
| Cash flow from operating activitiesGAAP | $10.2 million | – | up $4.8 million year over year |
| Free cash flownon-GAAP | $8.7 million | – | up $4.2 million year over year |
Third Quarter and Full Year 2026 outlook
- RevenueThird Quarter: $68.6 - $69.6; Full Year: $273.0 - $275.0
- NoteNon-GAAP income from operations: Third Quarter: $3.0 - $4.0; Full Year: $12.0 - $14.0
- NoteWeighted average share count: Third Quarter: 80.2; Full Year: 79.8
What drove it
- Management said total revenue rose 15.5% year-over-year.
- Management said the payments business accelerated at twice the pace of total revenue growth.
- Management said Weave added the most new locations ever in a quarter.
- Weave launched an omnichannel AI Receptionist built on Google Cloud's Gemini Enterprise Agent Platform.
- Weave deepened its integration with athenaOne and joined athenahealth's Marketplace program.
- Weave announced an authorized integration with Elation Health.
- Weave expanded enterprise platform capabilities with single sign-on desktop authentication, enhanced AI Receptionist controls, and automated digital insurance eligibility and collection.
Concerns
- GAAP loss from operations was $4.4 million.
- GAAP net loss was $4.3 million, or $0.05 per share.
- The company does not provide guidance on GAAP income from operations and said a reconciliation of forward-looking non-GAAP income from operations to GAAP loss from operations is not available without unreasonable effort.
- Actual results may differ materially from the forward-looking guidance.
What to watch
- Execution against third-quarter total revenue guidance of $68.6 - $69.6.
- Execution against full-year total revenue guidance of $273.0 - $275.0.
- Delivery of third-quarter non-GAAP income from operations of $3.0 - $4.0 and full-year non-GAAP income from operations of $12.0 - $14.0.
- Continued operating leverage following the improvement to $3.2 million of non-GAAP income from operations.
- Continued cash conversion following $10.2 million of operating cash flow and $8.7 million of free cash flow.
- Adoption of the AI Receptionist and the athenaOne and Elation Health integrations.
Balance sheet and cash flow
- Cash flow from operating activities was $10.2 million, compared to $5.4 million in the second quarter of 2025.
- Free cash flow was $8.7 million, compared to $4.5 million in the second quarter of 2025.
Analysis
Weave reported $67.5 million of second-quarter total revenue, up 15.5% year over year from $58.5 million. Management characterized the payments business as growing at twice the pace of total revenue and said the company added the most new locations ever in a quarter. Recent product and partnership activity centered on the omnichannel AI Receptionist, the athenaOne Marketplace integration, an Elation Health integration, and expanded enterprise platform features.
Profitability improved across the reported measures. GAAP gross margin increased to 72.0% from 71.7%, while non-GAAP gross margin increased to 72.6% from 72.3%. GAAP loss from operations narrowed to $4.4 million from $10.2 million, and non-GAAP income from operations increased to $3.2 million from $0.1 million. GAAP net loss was $4.3 million, or $0.05 per share, while non-GAAP net income was $3.3 million, or $0.04 per share.
Cash generation also strengthened. Cash flow from operating activities was $10.2 million compared with $5.4 million in the second quarter of 2025, and free cash flow was $8.7 million compared with $4.5 million. The filing did not report cash, debt, share repurchases, dividends, or other capital-return activity in the provided text.
For the third quarter, Weave guided to total revenue of $68.6 - $69.6 and non-GAAP income from operations of $3.0 - $4.0. Full-year guidance calls for total revenue of $273.0 - $275.0 and non-GAAP income from operations of $12.0 - $14.0. The company did not provide forward guidance for GAAP income from operations and stated that a reconciliation from forward-looking non-GAAP income from operations to GAAP loss from operations was unavailable without unreasonable effort.
The reported period shows growth alongside improved gross margin, a materially narrower GAAP operating loss, positive non-GAAP operating income, and stronger cash flow. The principal reported limitation is that GAAP losses remain, while the outlook is expressed only for revenue and non-GAAP income from operations rather than forward GAAP profitability.
Management, verbatim
Weave produced strong results for the second quarter, characterized by consistent growth and improvement in our operating leverage. Total revenue rose 15.5% year-over-year, our payments business accelerated at twice that pace, and we added the most new locations ever in a quarter, while also expanding our operating margin to 4.7%.
Brett White, CEO of Weave
Not in the filing
stated, not guessed- Prior-quarter comparisons for reported financial metrics
- Reported segment revenue and segment-level growth metrics
- GAAP gross profit
- Non-GAAP gross profit
- GAAP operating expenses
- Non-GAAP operating expenses
- Adjusted EBITDA
- Cash balance
- Debt balance
- Capital expenditures
- Share repurchases
- Dividends
- Forward gross margin guidance
- Forward operating-expense guidance
- Forward tax-rate guidance
- Forward GAAP income from operations guidance
- Prior outlook for comparison with actual results
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This SEC 8-K includes Weave’s Q2 2026 results (Item 2.02) and a forward-looking outlook for Q3 and full-year 2026.
Ticker impact
Weave reported Q2 2026 results and issued Q3 and full-year 2026 revenue and non-GAAP operating income guidance in an 8-K.
Likely positive bias for the next session and into guidance digestion, with volatility around whether the market focuses on revenue growth versus profitability trajectory.
The filing discloses multiple fresh datapoints: Q2 revenue up 15.5% YoY, GAAP loss from operations narrowing, non-GAAP income from operations up, and explicit Q3 and FY 2026 guidance ranges.
Market effects
Signals improving unit economics for vertical healthcare SaaS and AI-enabled patient engagement, potentially supporting the group’s risk appetite.
Limited direct regional impact; primarily US healthcare software sentiment.
Low global spillover; mostly relevant to US-listed healthcare IT and SaaS investors.
Counterpoint
Investors may discount the non-GAAP profitability improvement if GAAP losses persist and stock-based compensation could pressure GAAP earnings later.
Key entities
- public_companyWeave Communications, Inc.
NYSE-listed vertical SaaS provider for AI-powered patient engagement and payments; reported Q2 2026 results and issued Q3 and FY 2026 guidance.
- executiveBrett White
CEO quoted in the release describing operating leverage and growth drivers.
