Weave Communications, Inc. ( (WEAV) ) has released its Q3 earnings. Here is a breakdown of the information Weave Communications, Inc. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Weave Communications, Inc. is a prominent vertical SaaS platform that provides AI-driven patient engagement and payment solutions tailored for small and medium-sized healthcare practices. The company is recognized for its comprehensive software solutions that enhance patient interaction and streamline payment processes, contributing to the profitability of healthcare practices.
In its third-quarter 2025 financial report, Weave Communications reported a total revenue of $61.3 million, marking a 17.1% increase compared to the same period last year. The company also highlighted its non-GAAP profitability and free cash flow, alongside significant advancements in its product offerings.
Key financial metrics from the report include a GAAP gross margin of 72.3% and a non-GAAP gross margin of 73.0%. The company reported a GAAP net loss of $8.7 million, while its non-GAAP net income stood at $2.0 million. Additionally, Weave achieved a free cash flow of $5.0 million, reflecting a year-over-year increase of $1.5 million. Strategic initiatives included the launch of new payment features and recognition in the G2 Fall Report for Patient Relationship Management.
Looking ahead, Weave Communications anticipates continued growth and innovation within the SMB healthcare market, driven by its strategic positioning and expertise. The company remains focused on leveraging its scale and brand to lead the transformation in patient engagement and payment solutions.