Weave Q2 Revenue Slightly Misses, But Turns Profitable on Non-GAAP Basis
WEAV sits 30% above its 52-week low of $4.24.
Summary
Weave Communications reported Q2 revenue of $67.54M, a 15.5% YoY increase but just shy of the $67.88M consensus. The miss is marginal, but the company achieved a key milestone: non-GAAP net income turned positive at $3.30M, reflecting improved operating leverage. Guidance for Q3 calls for revenue of $68.6M-$69.6M and non-GAAP operating income of $3M-$4M, with full-year 2026 revenue seen at $273M-$275M. The payments business grew at twice the overall rate, and the company added a record number of new locations. The launch of an AI Receptionist and expanded EHR integrations signal product momentum. This follows a Q1 that already showed significant loss reduction and positive adjusted EBITDA. The slight top-line miss may weigh on sentiment, but the profitability inflection and strong guidance could offset concerns.
At the time of this announcement, WEAV was trading at $5.52 on NYSE in the Technology sector, with a market capitalization of approximately $529.9M. The 52-week trading range was $4.24 to $8.11. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.