Weave Communications, Inc.

Weave Communications, Inc.

WEAVVertical SaaS

Weave gives small healthcare offices the communication tools they lack.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
2.2x
+0.4x
ARR
$270M
+3.1%
YoY Growth
15.5%
-1.8pp
Market Cap
$589M
+23.0%
Revenue (Q)
$68M
+3.1%
Gross Margin
72.0%
-0.5pp
Op. Margin
-6.5%
+2.5pp
Rule of 40
9.0
+0.6
Magic Number
0.28
-0.02

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (1.8x).

Valuation by quarter

Current ARR Multiple: 1.8x· Forward at Q3 FY2026 guidance: 1.7x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskMODERATE
15/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
Communication & collaborationCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentSmb
+10 risk
IndustryHealthcare
-10 risk
Own AI integration3/5
-1.6 risk

Company overview

Weave gives small healthcare offices the communication tools they lack. Dental practices. Vet clinics. Optometrists. The company was founded around 2008 in Lehi, Utah, and went public in 2021.

A small clinic runs on the phone and the front desk. Patients call to book, reschedule, and ask questions. Reminders go out. Bills need paying. Most small offices juggle this with a basic phone line and a lot of sticky notes. Weave replaces that with one connected system.

The platform bundles the essentials. A smart phone system that shows patient details when a call comes in. Text messaging for reminders and quick questions. Online scheduling. Payments. Reviews. It all links to the practice patient records.

Picture a busy dental office. The phone rings during a cleaning. Weave shows the caller name, their next appointment, and their balance on screen before the receptionist even says hello. That small touch makes the office feel organized and personal.

The AI angle helps too, drafting responses and handling routine messages so staff can focus on patients in the chair.

Revenue runs around $200 million a year and grows steadily. The company has worked toward profit after its early growth push. Weave is a focused bet on the countless small clinics that deserve better tools than a notepad and a landline.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(385) 331-4164
Address1331 W POWELL WAY, LEHI, UT, 84043
Mailing address1331 W POWELL WAY, LEHI, UT, 84043
EIN26-3302902
Entity typeoperating
SEC industry framework06 Technology

SaaS KPIs

Reported in at least 3 quarters

Free cash flow

16 quarters
$8.7M
Q2 FY2026+97.7%

Free cash flow margin

13 quarters
13%
Q2 FY2026+5.0pp

Adjusted EBITDA

10 quarters
$4.6M
Q2 FY2026+22.7%

Non-GAAP gross margin

10 quarters
72.6%
Q2 FY2026-0.6pp

Dollar-Based Gross Retention Rate (GRR)

9 quarters
89%
Q4 FY2025-2.0pp

Dollar-Based Net Retention Rate (NRR)

9 quarters
93%
Q4 FY2025-5.0pp

Management outlook

Given with Q2 FY2026 results (Jun 2026)
ReportedGuidance

Guided revenue, Q3 FY2026$68.6M – $69.6M
Midpoint$69.1M
Growth vs Q2 FY2026+2.3%
Growth vs Q3 FY2025+12.6%
Q3 2026
Non-GAAP income from operations$3.0M - $4.0M
Weighted average share count80.2M
Full Year 2026
Total revenue$273.0M - $275.0M
Non-GAAP income from operations$12.0M - $14.0M
Weighted average share count79.8M

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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