Weave Q2: Revenue Misses Consensus, Losses Narrow, but Retention Slips
WEAV sits 29% above its 52-week low of $4.24.
Summary
Weave Communications missed Q2 revenue estimates by a narrow margin while significantly narrowing its net loss and posting positive adjusted EBITDA. A decline in net revenue retention to 92% raises questions about growth durability.
Key Events · Earnings and Guidance · WEAV
-
Q2 Revenue Miss
Revenue of $67.54M grew 15.5% YoY but fell short of the $67.88M consensus estimate.
-
Net Loss Narrows
Net loss improved to $4.3M from $8.7M a year ago, driven by operating leverage and lower stock-based compensation.
-
Adjusted EBITDA Positive
Adjusted EBITDA reached $4.6M, up from $1.1M in Q2 2025, reflecting improved operational efficiency.
-
Retention Rate Declines
Dollar-based net revenue retention fell to 92% from 96% YoY, indicating slower expansion within existing customer locations.
Analysis · WEAV · Technology
Weave Communications delivered Q2 revenue of $67.54 million, a 15.5% year-over-year increase that nonetheless came in just shy of the $67.88 million consensus. The bottom line improved markedly, with the net loss narrowing to $4.3 million from $8.7 million a year ago, while adjusted EBITDA swung to a positive $4.6 million. However, dollar-based net revenue retention dropped to 92% from 96%, signaling weaker expansion within the existing customer base. Cash and short-term investments declined to $78.5 million from $81.7 million at year-end, though the company remains debt-free with a $50 million undrawn credit line. The revenue miss and declining retention rate are the key investor concerns, offset by improving profitability metrics.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 29% of the 1653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WEAV was trading at $5.46 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 filing was assessed with negative market sentiment and an importance score of 7 out of 10.