Weave Communications, Inc. Q1 2026 Financial Results

Weave Communications, Inc. reported its financial results for the first quarter ended March 31, 2026. Total revenue was $65.5 million, a 17.4% increase year-over-year. GAAP gross margin improved to 72.6%, and non-GAAP gross margin was 73.2%. The company reported a GAAP loss from operations of $6.0 million, an improvement from $9.3 million in Q1 2025. Non-GAAP income from operations was $2.5 million, compared to a non-GAAP loss of $0.5 million in Q1 2025. GAAP net loss was $5.8 million, or $0.07 per share, down from $8.8 million, or $0.12 per share, in the prior year. Non-GAAP net income was $2.8 million, or $0.04 per share, compared to a non-GAAP net loss of $0.5 million in Q1 2025. The company also highlighted recent business achievements, including recognition on G2's Best Software Awards list, being named the exclusive ADA-endorsed patient engagement platform, and launching new features like Private Communications and enhanced Weave Payments platform integrations. Weave provided financial outlook for the second quarter and full year 2026, expecting total revenue between $67.2 - $68.2 million for Q2 and $275.0 - $278.0 million for the full year.