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Jun 30, 2025
Weave Q2 2025 Earnings Report
Weave reported strong second quarter 2025 financial results, with significant revenue growth, improved gross margins, and increased free cash flow, alongside the strategic acquisition of TrueLark.
Key Takeaways
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.
Total revenue reached $58.5 million, marking a 15.6% increase compared to the second quarter of 2024.
GAAP gross margin improved to 71.7% and non-GAAP gross margin to 72.3%, demonstrating enhanced profitability.
The company achieved a non-GAAP net income of $1.5 million and positive Adjusted EBITDA of $1.1 million.
Weave completed the acquisition of TrueLark, an AI-powered workflow automation platform, to expand its AI capabilities and market reach.
Revenue by Segment
Forward Guidance
Weave expects continued revenue growth and positive non-GAAP income from operations for the third quarter and full year 2025.
Positive Outlook
- Third quarter total revenue is projected to be between $60.1 million and $61.1 million.
- Full year total revenue is expected to range from $236.8 million to $239.8 million.
- Non-GAAP income from operations for Q3 is forecasted to be between $0.0 million and $1.0 million.
- Full year non-GAAP income from operations is anticipated to be between $1.2 million and $3.2 million.
- The company expects to maintain a positive trajectory in profitability and operational efficiency.
Challenges Ahead
- Guidance constitutes forward-looking statements, and actual results may differ materially due to various risks and uncertainties.
- Stock-based compensation expense, a significant non-cash item, is difficult to predict and will impact GAAP results.
- Acquisition transaction costs and amortization of acquisition-related intangible assets are excluded from non-GAAP guidance, which could affect GAAP profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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