Weave Communications, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2025. The company achieved a 17.0% year-over-year revenue increase for both the quarter and the full year, alongside improvements in GAAP and Non-GAAP gross margins and positive net cash provided by operating activities.
Weave delivered a robust performance in Q2 2025, achieving $58.5 million in total revenue, a 15.6% increase year-over-year. The company also saw improvements in both GAAP and non-GAAP gross margins, and reported a non-GAAP net income of $1.5 million. A key highlight was the acquisition of TrueLark, aimed at enhancing AI-driven front office automation.
Weave Communications, Inc. delivered a strong start to 2025 with significant revenue growth and improved profitability in the first quarter. Total revenue increased by 18.3% year-over-year, reaching $55.8 million. The company also saw improvements in both GAAP and non-GAAP gross margins and achieved positive non-GAAP income from operations and Adjusted EBITDA.
Weave announced robust financial results for Q4 and the full year 2024, demonstrating continued strong demand and operational improvements. The company achieved an 18.6% year-over-year increase in Q4 revenue to $54.2 million and a 19.9% increase in full-year revenue to $204.3 million. Operating losses significantly improved, and the company generated positive free cash flow for both the quarter and the full year.
Weave reported a solid third quarter in 2024, achieving a 20.3% year-over-year increase in total revenue, reaching $52.4 million. The company saw substantial improvements in gross margins, operating margins, and free cash flow. Weave reported positive non-GAAP operating income for the first time in the company’s history.
Weave reported a strong second quarter with a 21.4% increase in revenue year-over-year, significant improvements in gross and operating margins, and positive adjusted EBITDA for the first time. The company's financial performance reflects the continued demand for its software and payments platform.
Weave reported a strong start to the year with solid top-line performance and significant improvements in gross and operating margin and adjusted EBITDA. The company achieved greater than 70% non-GAAP gross margin for the first time.
Weave reported a 21.2% year-over-year increase in total revenue for the fourth quarter, reaching $45.7 million. The company also saw improvements in gross margin, operating income, net loss, and free cash flow compared to the same period last year. For the full year, revenue grew by 19.9% to $170.5 million, with positive net cash from operating activities and free cash flow.
Weave reported a strong Q3 2023 with revenue growth of 20.2% year-over-year, exceeding 30,000 customer locations. The company also showed improvements in net cash from operating activities and free cash flow.
Weave reported a strong second quarter in 2023, with a 19.3% increase in total revenue year-over-year, reaching $41.7 million. The company saw improvements in both GAAP and non-GAAP gross margins, as well as a significant reduction in GAAP and non-GAAP operating losses. Weave also achieved positive free cash flow and net cash provided by operating activities.
Weave Communications reported a 19% year-over-year increase in total revenue, reaching $39.6 million for Q1 2023. The company achieved positive cash flow from operations and positive free cash flow, marking progress towards profitability. Significant improvements were also noted in gross and operating margins.
Weave Communications reported Q4 2022 financial results with a total revenue of $37.7 million, up 18% year-over-year. The company showed significant improvement in gross and operating margins and is focused on operational performance and an accelerated path to breakeven.
Weave Communications announced its Q3 2022 financial results, reporting a total revenue of $36.2 million, up 20% year-over-year. The company showed improvement in gross and operating margins year-over-year, driven by strategic and operational actions.
Weave Communications announced its Q2 2022 financial results, showcasing a 24% year-over-year increase in total revenue, reaching $34.9 million. Despite revenue growth, the company reported a GAAP loss from operations of $14.6 million and a GAAP net loss attributable to common stockholders of $14.8 million, or $0.23 per share. The company's Dollar-Based Net Retention Rate was 102% and Dollar-Based Gross Retention Rate was 94%.
Weave Communications announced its Q1 2022 financial results, highlighted by a 30% year-over-year increase in total revenue to $33.3 million. The company also reported a GAAP net loss of $13.8 million, or $0.21 per share, and a non-GAAP net loss of $10.4 million, or $0.16 per share. Key business highlights included the appointment of Brett White as President & COO and Brendan Neish as CPO.
Weave Communications reported Q4 2021 total revenue of $31.8 million, up 34% year-over-year and full year total revenue of $115.9 million, up 45% year-over-year.
Weave Communications reported a 42% year-over-year increase in total revenue for the third quarter of 2021, reaching $30.3 million. The company expanded its customer base to 22,553 locations and launched into the home services market. However, the company experienced increased GAAP and non-GAAP losses from operations and net losses compared to the same period in 2020.