Weave Communications, Inc. earnings

Weave Communications reported $67.5 million in revenue for the second quarter of fiscal 2026, ended June 30, 2026, up 15.5% from $58.5 million in the prior-year quarter. Gross profit rose 16.0% to $48.7 million from $42.0 million, and GAAP gross margin was 72.0%, up 30 basis points from 71.7%.

Weave grew fiscal first quarter revenue 17.4% to $65.5 million. GAAP gross margin was 72.6%, up 1.0 percentage point year over year, and non-GAAP gross margin was 73.2%, up 110 basis points.

Weave closed fiscal 2025 with fourth-quarter revenue of $63.4 million, up 17.0% from $54.2 million in the prior-year quarter. Full-year revenue reached $239.0 million, up 17.0% from $204.3 million.

Weave reported third quarter fiscal 2025 revenue of $61.3 million, up 17.1% year over year. Gross profit was $44.3 million, up 17.5%, and gross margin was 72.3%, up 0.3 percentage points. The top line and gross margin expanded, but the GAAP bottom line moved the other way.

Weave Communications reported second quarter revenue of $58.5 million, up 15.6% from the prior-year quarter. Revenue for the six months ended June 30, 2025 reached $114.3 million, up 16.9%.

Weave opened fiscal 2025 with solid top-line momentum. First quarter revenue was $55.8 million, up 18.3% from $47.2 million in the prior-year quarter. Gross profit rose 21.1% to $39.9 million, and gross margin reached 71.6%, up from 69.9%. The operating loss widened to $9.3 million from $8.2 million, however.

Weave closed fiscal 2024 with fourth-quarter revenue of $54.2 million, up 18.6% from $45.7 million in the prior-year quarter. Full-year revenue was $204.3 million, up 19.9% from $170.5 million. Gross profit rose 23.6% to $39.0 million in the quarter, and full-year gross profit was $145.9 million, up 25.7%.

Weave Communications reported third quarter revenue of $52.4 million, up 20.3% from $43.5 million in the prior-year quarter. Year-to-date revenue reached $150.1 million, also up 20.3% from $124.8 million. GAAP gross margin was 72.0%, up 330 basis points from 68.7%.

Weave Communications posted second quarter revenue of $50.6 million, up 21.4% year over year. Year-to-date revenue reached $97.8 million, up 20.3%. Gross profit rose 28.8% to $36.1 million in the quarter.

Weave Communications reported $47.2 million of revenue for the quarter ended March 31, 2024, up 19.2% from $39.6 million in the prior-year quarter. Management attributed about $6.6 million of the increase to customers acquired after March 31, 2023 and roughly $1.0 million to expansion within the existing base.

Weave closed fiscal 2023 with fourth quarter revenue of $45.7 million, up 21.2% year over year. Full year revenue was $170.5 million, up 19.9%. Gross profit was $31.6 million in the quarter, up 26.7%, and $116.1 million for the full year, up 30.7%.

Weave Communications reported third-quarter FY2023 revenue of $43.5 million, up 20.2% from the prior-year quarter. Gross profit rose 29.0% to $29.9 million. Gross margin was 68.7%, up 4.7 percentage points from the prior-year quarter.

Weave Communications reported FY2023 Q2 revenue of $41.7 million, up 19.3% year over year. Gross profit was $28.0 million, up 32.4%, and gross margin was 67.3%, up 6.7 percentage points. Non-GAAP gross margin was 67.9%.

Weave Communications opened fiscal 2023 with revenue of $39.6 million, up 18.9% from $33.3 million in the prior-year quarter. Most of the growth came from new logos.

Weave Communications closed fiscal 2022 with fourth quarter revenue of $37.7 million, up 18% from the prior-year quarter. Full year revenue reached $142.1 million, up 23%. Gross profit was $24.93 million for the quarter, up 37.3%, and $88.84 million for the full year, up 33.6%.

Weave Communications reported third quarter fiscal 2022 revenue of $36.2 million, up 19.6% year over year. Gross profit rose 33.1% to $23.2 million, and gross margin was 64.1%, up 6.5 percentage points. The operating loss narrowed to $11.9 million. The net loss narrowed to $11.8 million.

Weave Communications reported second quarter fiscal 2022 revenue of $34.9 million, up 24.5% from the prior-year quarter. Gross profit rose 32.1% to $21.2 million, and gross margin expanded to 60.6%, up 3.5 percentage points. For the first six months of fiscal 2022, revenue was $68.2 million, up 26.9% year over year.

Weave Communications posted total revenue of $33.3 million for the first quarter of fiscal 2022, a 30% year-over-year increase.

Weave closed FY2021 with fourth-quarter revenue of $31.84 million, up 33.9% from the prior-year quarter. Full-year revenue was $115.87 million, up 45.0% from the prior year. Gross profit was $18.16 million in the quarter, up 31.3%, and $66.50 million for the full year, up 46.3%.

Weave reported $30.3 million of revenue for the fiscal 2021 third quarter and $84.0 million for the nine months. Gross profit rose 43.2% to $17.4 million in the quarter and 52.9% to $48.3 million for the nine months. Gross margin was 57.5% for both periods. The bottom line remained under pressure.