Weave Communications, Inc
getweave.comWhat Do They Do?
Provides patient communications, engagement and payment software to small and medium-sized healthcare practices.
10-K for FY2025, filed Mar 5, 2026
How Do They Make Money?
Practices generally pay monthly or annually in advance for software and phone-service access; Weave also earns a share of patient-payment transactions when processed. Onboarding revenue comes from installation fees when setup is complete; phone-hardware lease revenue is earned over the subscription period.
10-K for FY2025, filed Mar 5, 2026Subscriptions revenue (software and phone service) is generated from fees that provide customers access to one or more of the Company’s…View ↗
The Company also provides payment processing services and receives a revenue share from a third-party payment facilitator on transactions…View ↗
The Company offers remote installation services as part of the onboarding process, wherein the Company can install pre-configured…View ↗
In addition to providing software and VoIP phone services, the Company provides phone hardware to its customers as part of its subscription…View ↗
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10-K for FY2025, filed Mar 5, 2026
FY2025 revenue by product or service ↗
$239M
-
10-K for FY2025, filed Mar 5, 2026
$239M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription and payment processing
|
96%
FY2022: 96%
|
Subscription and payment processing, FY2025
$228.8M Sources
|
|
|
Phone hardware
Recurring
|
2.8% |
Phone hardware, FY2025
$6.8M Sources
|
Recurring |
|
Recurring Revenue
Mix
10-K for FY2025, filed Mar 5, 2026 |
99% |
Recurring Revenue, FY2025
$235.6M Sources
|
Mix |
|
Onboarding
Sold outright
|
1.5%
FY2022: 0.9%
|
Onboarding, FY2025
$3.5M Sources
|
Sold outright |
Who Are Their Customers?
Customers are small and medium-sized healthcare practices, mainly in dental, optometry, veterinary and medical specialties. They buy primarily through Weave’s direct sales team; partners refer prospective customers and sometimes sell directly.
10-K for FY2025, filed Mar 5, 2026Weave is a leading AI-powered patient communications, engagement, and payments platform purpose-built for small and medium-sized (“SMB”)…View ↗
The market for healthcare practice software is highly fragmented. We compete primarily against a "patchwork" of point solutions. We support…View ↗
Subscriptions are primarily sold through our direct inside sales team. Most of our sales teams are focused on attracting new customers and…View ↗
In addition to our direct sales team and marketing teams, we have a business development team that finds, negotiates contracts and manages…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $28.1M in FY2025, but brought in more cash than it spent: $15.2M of free cash flow.
10-K for FY2025, filed Mar 5, 2026
−$30.6MView ↗
10-K for FY2025, filed Mar 5, 2026
−$28.1MView ↗
10-K for FY2025, filed Mar 5, 2026
$15.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$4.3MView ↗
- ▼ −51% (Loss)
- vs −$8.7M in Q2 FY2025
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Aug 19, 2026
Agreed to merge with affiliates of Francisco Partners
At closing, eligible stockholders are to receive $7.40 per share in cash, subject to stockholder adoption of the agreement.
Sources
8-K, filed Aug 19, 2026
At the time the Merger becomes effective (the “Effective Time”), each share of the Company’s common stock, par value $0.00001 per share…View ↗
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Aug 6, 2026
Issued third-quarter and full-year revenue guidance
Forecast revenue of $68.6 - $69.6 million for the third quarter and $273.0 - $275.0 million for full-year 2026.
Sources
8-K, filed Aug 6, 2026
Total revenue $68.6 - $69.6 $273.0 - $275.0View ↗
Growing. Revenue grew 2.1x in 4 years, from $115.9M in FY2021 to $239M in FY2025, about 20% a year.
A healthcare focus
The older report framed Weave as a platform for SMBs across multiple industries; the latest report centers it on healthcare practices and patient interactions.
10-K for FY2022, filed Mar 16, 2023 10-K for FY2025, filed Mar 5, 2026Weave is a leading all-in-one customer communications and engagement software platform for small and medium-sized businesses, or SMBs. We…View ↗
We have democratized powerful communications and engagement capabilities previously only available to enterprises, made them intuitive and…View ↗
As of December 31, 2022, we had more than 27,000 locations under subscription and more than 25,000 customers in the United States and…View ↗
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