Form 8-K

8-K — Weave Communications, Inc.

Accession: 0001609151-26-000073

Filed: 2026-08-06

Period: 2026-08-06

CIK: 0001609151

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — weav-20260806.htm (Primary)

EX-99.1 (a991-weaveearningsreleasex.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: weav-20260806.htm · Sequence: 1

weav-20260806

0001609151FALSE00016091512026-08-062026-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2026

WEAVE COMMUNICATIONS, INC.

(Exact name of registrant as specified in its charter)

Delaware 001-40998 26-3302902

(State or other jurisdiction of incorporation or organization) (Commission

File Number) (I.R.S. Employer

Identification No.)

1331 W Powell Way

Lehi, Utah

84043

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (385) 331-4164

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13d-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange

on which registered

Common Stock, $0.00001 par value WEAV New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 6, 2026, Weave Communications, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The foregoing information contained under Item 2.02 of this Current Report on Form 8-K (including the Exhibit 99.1 hereto) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), regardless of any general incorporation language in such filings, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

99.1

Press Release Announcing Financial Results Dated August 6, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WEAVE COMMUNICATIONS, INC.

Date:

August 6, 2026

By: /s/ Brett White

Name: Brett White

Title: Chief Executive Officer

EX-99.1

Filename: a991-weaveearningsreleasex.htm · Sequence: 2

Document

Weave Announces Second Quarter 2026 Financial Results

•Second quarter total revenue of $67.5 million, up 15.5% year over year

•Second quarter GAAP gross margin of 72.0%, up 30 basis points year over year

•Second quarter Non-GAAP gross margin of 72.6%, up 30 basis points year over year

•Second quarter GAAP loss from operations of $4.4 million, down $5.8 million year over year

• Second quarter Non-GAAP income from operations of $3.2 million, up $3.1 million year over year

•Second quarter cash flow from operating activities of $10.2 million, up $4.8 million year over year

•Second quarter free cash flow of $8.7 million, up $4.2 million year over year

LEHI, Utah—August 6, 2026 – Weave Communications, Inc. (“Weave”) (NYSE: WEAV), a leading vertical SaaS platform that delivers AI-powered patient engagement and payment solutions for healthcare practices, today announced its financial results for the second quarter ended June 30, 2026.

"Weave produced strong results for the second quarter, characterized by consistent growth and improvement in our operating leverage. Total revenue rose 15.5% year-over-year, our payments business accelerated at twice that pace, and we added the most new locations ever in a quarter, while also expanding our operating margin to 4.7%," said Brett White, CEO of Weave. "These results are a direct outcome of our unwavering focus on helping healthcare practices grow and teams thrive. We continue to define the intelligent front office in healthcare, building a durable, scalable business that delivers lasting value for all stakeholders."

Second Quarter 2026 Financial Highlights

• Total revenue was $67.5 million, representing a 15.5% year-over-year increase compared to $58.5 million in the second quarter of 2025.

• GAAP gross margin was 72.0%, compared to 71.7% in 2025.

• Non-GAAP gross margin was 72.6%, compared to 72.3% in 2025.

• GAAP loss from operations was $4.4 million, compared to $10.2 million in the second quarter of 2025.

• Non-GAAP income from operations was $3.2 million, compared to $0.1 million in the second quarter of 2025.

• GAAP net loss was $4.3 million, or $0.05 per share, compared to $8.7 million, or $0.11 per share, in the second quarter of 2025.

• Non-GAAP net income was $3.3 million, or $0.04 per share, compared to $1.5 million non-GAAP net loss, or $0.02 per share, in the second quarter of 2025.

•Cash flow from operating activities was $10.2 million, compared to $5.4 million in the second quarter of 2025.

•Free cash flow was $8.7 million, compared to $4.5 million in the second quarter of 2025.

Recent Business Highlights

• Launched an omnichannel AI Receptionist built on Google Cloud's Gemini Enterprise Agent Platform, enabling practices to execute front office workflows like appointment scheduling, preserve conversation context across voice and text, configure intelligent call routing, answer frequently asked questions, 24x7.

• Deepened the integration between Weave and athenaOne and joined athenahealth's Marketplace program, to help the network's 160,000+ providers maximize revenue capture, streamline administrative tasks and optimize payment collection.

• Announced an authorized integration with Elation Health, connecting patient communications directly to primary care practices' EHR systems and reducing time-consuming manual data entry.

• Expanded the company’s enterprise platform capabilities with single sign-on desktop authentication, enhanced AI Receptionist controls, and automated digital insurance eligibility and collection.

• Ranked #1 in G2's Summer 2026 Grid Report for Patient Relationship Management, earning the highest satisfaction score and largest market presence in the category, alongside Leader status across seven adjacent G2 categories.

Financial Third Quarter and Full Year 2026 Outlook

The company expects to achieve the following financial results for the three months ending September 30, 2026, and the full year ending December 31, 2026:

Third Quarter

Full Year

(in millions)

Total revenue

$68.6 - $69.6

$273.0 - $275.0

Non-GAAP income from operations

$3.0 - $4.0

$12.0 - $14.0

Weighted average share count

80.2

79.8

The guidance provided above constitutes forward-looking statements and actual results may differ materially. Refer to the “Forward-Looking Statements” safe harbor section below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Non-GAAP income from operations excludes estimates for, among other things, stock-based compensation expense, acquisition transaction costs, amortization of acquisition-related intangible assets, and costs related to shareholder matters. A reconciliation of this non-GAAP financial guidance measure to a corresponding GAAP financial guidance measure is not available on a forward-looking basis because we do not provide guidance on GAAP income from operations and are not able to present the various reconciling cash and non-cash items between GAAP loss from operations and non-GAAP income from operations without unreasonable effort. In particular, stock-based compensation expense is impacted by our future hiring and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and are subject to change. The actual amount of these expenses during 2026 will have a significant impact on our future GAAP financial results.

Webcast

The company will host a conference call and webcast for analysts and investors on Thursday, August 6, 2026, beginning at 4:30 p.m. EDT.

The live audio webcast and a webcast replay of the conference call can be accessed from the investor relations page of Weave’s website at investors.getweave.com.

About Weave

Weave is a leading vertical SaaS company delivering an AI-powered patient communications and engagement platform purpose-built for modern healthcare practices. More than software, Weave is an always-on teammate—handling patient interactions across voice and text and operating at the center of the patient journey. Through agentic AI workflows and authorized integrations with practice management systems, Weave ensures critical tasks like scheduling, insurance verification, and payments happen seamlessly, so nothing falls between the cracks. By embedding AI directly into daily operations, Weave reduces administrative workload, frees up staff to focus on human-centered care, and delivers real-time insights that help practices run smarter and grow with confidence. Serving nearly 40,000 customer locations, Weave was named a 2026 Best Software Awards winner for healthcare software products by G2. To learn more, visit getweave.com/newsroom.

Non-GAAP Financial Measures

In this press release, Weave has provided financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). We disclose the following historical non-GAAP financial measures in this press release: non-GAAP net income, non-GAAP net income margin, non-GAAP net income per share, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP income from operations margin, Adjusted EBITDA and free cash flow. We use these non-GAAP financial measures internally to analyze our financial results and evaluate our ongoing operational performance. We believe that these non-GAAP financial measures provide an additional tool for investors to use in understanding and evaluating ongoing operating results and trends in the same manner as our management and board of directors. Our use of these non-GAAP financial measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under GAAP. Because of these and other limitations, you should consider these non-GAAP financial measures along with other GAAP-based financial performance measures, including various cash flow metrics, operating loss, net loss, and our GAAP financial results. We have provided a reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures in the tables included in this press release, and investors are encouraged to review the reconciliation.

Non-GAAP net income, non-GAAP net income margin and non-GAAP net income per share

We define non-GAAP net income as GAAP net loss adjusted to exclude stock-based compensation expense, acquisition transaction costs, amortization of acquisition-related intangible assets and costs related to shareholder matters, and non-GAAP net income margin as non-GAAP net income as a percentage of revenue. Acquisition transaction costs include legal and any accounting professional services costs incurred as a result of our acquisition during the applicable period. Although we exclude the amortization of acquisition-related intangible assets from the non-GAAP measure, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Non-GAAP net income per share is calculated as non-GAAP net income divided by the diluted weighted average shares outstanding.

Non-GAAP gross profit and non-GAAP gross margin

We define non-GAAP gross profit as GAAP gross profit adjusted to exclude stock-based compensation expense and amortization of acquisition-related intangible assets. Although we exclude the amortization of acquisition-related intangible assets from the non-GAAP measure, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of revenue.

Non-GAAP operating expenses

We define non-GAAP operating expenses, in the aggregate or its individual components (i.e., sales and marketing, research and development or general and administrative), as the applicable GAAP operating expenses adjusted to exclude the applicable stock-based compensation expense, acquisition transaction costs, amortization of acquisition-related intangible assets and costs related to shareholder matters. Although we exclude the amortization of acquisition-related intangible assets from the non-GAAP measure, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation.

Non-GAAP income from operations and non-GAAP income from operations margin

We define non-GAAP income from operations as GAAP loss from operations less stock-based compensation expense, acquisition transaction costs, amortization of acquisition-related intangible assets and costs related to shareholder matters. Although we exclude the amortization of acquisition-related intangible assets from the non-GAAP measure, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Non-GAAP income from operations margin is defined as non-GAAP income from operations as a percentage of revenue.

Adjusted EBITDA

We define EBITDA as earnings before interest expense, interest income, other income/expense, income tax expense, depreciation, and amortization. Our depreciation adjustment includes depreciation on operating fixed assets and we do not adjust for amortization of finance lease right-of-use assets on phone hardware provided to our customers. Our amortization adjustment includes the amortization of capitalized costs from both internal-use software development and cloud computing arrangements. We further adjust EBITDA to exclude stock-based compensation expense, a non-cash item, acquisition transaction costs, which we believe are not reflective of ongoing results of operations in the period incurred and not directly related to the operation of our business, amortization of acquisition-related intangible assets, and costs related to shareholder matters, including third-party legal, consulting, and advisory fees related to a cooperation agreement, which we believe are outside of the ordinary course of business and not reflective of operational performance. Although we exclude the amortization of acquisition-related intangible assets from the non-GAAP measure, management believes it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. We believe that Adjusted EBITDA provides management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations. Additionally, management uses Adjusted EBITDA to measure our financial and operational performance and prepare our budgets.

Free cash flow

We define free cash flow as net cash provided by operating activities, less purchases of property and equipment and capitalized internal-use software costs. We believe that free cash flow is a useful indicator of liquidity that provides useful information to management and investors, even if negative, as it provides information about the amount of cash consumed by our combined operating and investing activities. For example, as free cash flow has in the past been negative, we have needed to access cash reserves or other sources of capital for these investments.

Limitations and Reconciliation of Non-GAAP Financial Measures

The foregoing non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under U.S. GAAP. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under U.S. GAAP. For example, the non-GAAP financial information presented above may be determined or calculated differently by other companies and may not be directly comparable to that of other companies. In addition, free cash flow does not reflect our future contractual commitments and the total increase or decrease of our cash balance for a given period. Further, Adjusted EBITDA excludes some costs, namely, non-cash stock-based compensation expense, acquisition transaction costs, amortization of acquisition-related intangible assets and costs related to shareholder matters. Therefore, Adjusted EBITDA does not reflect the non-cash impact of stock-based compensation expense or working capital needs that will continue for the foreseeable future. All of these limitations could reduce the usefulness of these non-GAAP financial measures as analytical tools. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliations of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures and to no rely on any single financial measure to evaluate our business.

Forward-Looking Statements

This press release and the accompanying conference call contain forward-looking statements including, among others, current estimates of third quarter and full year 2026 revenue and non-GAAP income from operations, and the quotations of our Chief Executive Officer. These forward-looking statements involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any of our assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. These risks and uncertainties include risks associated with: our ability to attract new customers, retain existing customers and increase our customers’ use of our platform; our ability to manage our growth; the impact of unfavorable economic conditions and macroeconomic uncertainties on our company; our ability to maintain and enhance our brand and increase market awareness of our company, platform and products; customer adoption of our platform and products and enhancements thereto; customer acquisition costs and sales and marketing strategies; our ability to achieve profitability in any future period; competition; our ability to enhance our platform and products, including timely introducing our voice-enabled AI Receptionist across all vertical markets; interruptions in service; the ability of Weave to successfully integrate our acquisition of TrueLark and to achieve expected benefits from the acquisition; and the risks described in the filings we make from time to time with the Securities and Exchange Commission (“SEC”), including the risks described under the heading “Risk Factors” in our Quarterly Report on Form 10-Q for the three months ended March 31, 2026, filed with the SEC on May 5, 2026, which should be read in conjunction with our financial results and forward-looking statements and is available on the SEC Filings section of the Investor Relations page of our website at investors.getweave.com.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

Channels for Disclosure of Information

Weave uses the investor relations page on our website (investors.getweave.com), blog posts on our website, press releases, public conference calls, webcasts, our X (Twitter) feed (@getweave), our Facebook page, and our LinkedIn page as the means of complying with our disclosure obligations under Regulation FD. We encourage investors, the media, and others to follow the channels listed above, in addition to following Weave’s press releases, SEC filings, and public conference calls and webcasts, and to review the information disclosed through such channels.

Investor Relations Contact

ir@getweave.com

Media Contact

Chelsea Kilpack

Internal Communications & PR Manager

pr@getweave.com

WEAVE COMMUNICATIONS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited, in thousands, except share and per share data)

June 30, 2026 December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 47,630 $ 54,959

Short-term investments 30,839 26,761

Accounts receivable, net 4,444 4,347

Deferred contract costs, net 14,710 13,309

Prepaid expenses and other current assets 7,084 5,618

Total current assets 104,707 104,994

Non-current assets:

Property and equipment, net 10,098 9,212

Operating lease right-of-use assets 31,630 33,779

Finance lease right-of-use assets 11,964 10,490

Deferred contract costs, net, less current portion 12,824 11,163

Intangible assets, net 6,449 7,134

Goodwill 29,465 29,465

Other non-current assets 1,450 1,731

TOTAL ASSETS $ 208,587 $ 207,968

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $ 8,114 $ 7,262

Accrued and other current liabilities 26,624 27,919

Deferred revenue 37,299 38,051

Current portion of operating lease liabilities 4,724 4,658

Current portion of finance lease liabilities 7,215 6,706

Total current liabilities 83,976 84,596

Non-current liabilities:

Other long-term liabilities 200 200

Operating lease liabilities, less current portion 32,183 34,554

Finance lease liabilities, less current portion 7,259 6,234

Total liabilities $ 123,618 $ 125,584

Stockholders' equity:

Preferred stock, $0.00001 par value per share; 10,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2026 and December 31, 2025

— —

Common stock, $0.00001 par value per share; 500,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 79,913,403 and 78,353,381 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively

— —

Additional paid-in capital $ 414,583 $ 401,576

Accumulated deficit (329,092) (319,065)

Accumulated other comprehensive loss (522) (127)

Total stockholders' equity $ 84,969 $ 82,384

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 208,587 $ 207,968

WEAVE COMMUNICATIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in thousands, except share and per share data)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Revenue $ 67,542 $ 58,470 $ 133,042 $ 114,279

Cost of revenue 18,889 16,519 36,850 32,383

Gross profit 48,653 41,951 96,192 81,896

Operating expenses:

Sales and marketing 27,397 25,245 56,148 48,771

Research and development 12,054 11,988 22,868 23,141

General and administrative 13,588 14,904 27,585 29,490

Total operating expenses 53,039 52,137 106,601 101,402

Loss from operations (4,386) (10,186) (10,409) (19,506)

Other income (expense):

Interest income 346 435 718 898

Interest expense (420) (537) (789) (934)

Other income, net 335 471 687 971

Loss before income taxes (4,125) (9,817) (9,793) (18,571)

Income tax provision (132) 1,106 (234) 1,035

Net loss $ (4,257) $ (8,711) $ (10,027) $ (17,536)

Net loss per share - basic and diluted $ (0.05) $ (0.11) $ (0.13) $ (0.23)

Weighted-average common shares outstanding - basic and diluted 79,632,415 75,842,852 79,108,167 74,830,541

WEAVE COMMUNICATIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss $ (4,257) $ (8,711) $ (10,027) $ (17,536)

Adjustments to reconcile net loss to net cash provided by operating activities

Depreciation and amortization 3,184 2,878 6,299 5,682

Amortization of operating right-of-use assets 1,078 986 2,149 1,967

Amortization of intangible assets 344 156 685 156

Provision for credit losses 213 303 829 480

Amortization of deferred contract costs 4,300 3,687 8,407 7,220

Stock-based compensation, net of amount capitalized 7,034 9,252 14,164 18,237

Net accretion of discounts on short-term investments (127) (270) (270) (642)

Changes in operating assets and liabilities:

Accounts receivable (19) (456) (926) (21)

Deferred contract costs (4,955) (4,657) (11,469) (9,047)

Prepaid expenses and other assets 2,118 1,943 (1,185) 1,448

Accounts payable 1,498 935 631 (2,719)

Accrued liabilities 859 (175) (1,334) 2,507

Operating lease liabilities (1,162) (1,029) (2,305) (2,040)

Deferred revenue 133 603 (1,112) (466)

Net cash provided by operating activities 10,241 5,445 4,536 5,226

CASH FLOWS FROM INVESTING ACTIVITIES

Maturities of short-term investments 9,200 11,900 14,450 30,456

Purchases of short-term investments (9,430) — (18,293) (15,455)

Purchases of property and equipment (633) (544) (1,154) (988)

Capitalized internal-use software costs (906) (423) (1,804) (822)

Business acquisitions, net of cash acquired — (23,318) — (23,318)

Net cash used in investing activities (1,769) (12,385) (6,801) (10,127)

CASH FLOWS FROM FINANCING ACTIVITIES

Principal payments on finance leases (1,868) (1,814) (3,661) (3,587)

Proceeds from stock option exercises 102 52 427 515

Payments for taxes related to net share settlement of equity awards (1,290) (17) (2,874) (43)

Stock issuance costs — (26) — (26)

Proceeds from the employee stock purchase plan — — 1,044 1,111

Net cash used in financing activities (3,056) (1,805) (5,064) (2,030)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,416 (8,745) (7,329) (6,931)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 42,214 53,410 54,959 51,596

CASH AND CASH EQUIVALENTS, END OF PERIOD $ 47,630 $ 44,665 $ 47,630 $ 44,665

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the period for interest $ 420 $ 537 $ 789 $ 934

Cash paid during the period for income taxes $ 65 $ (1,106) $ 166 $ (1,035)

SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:

Equipment purchases financed with accounts payable $ 250 $ 36 $ 250 $ 36

Finance lease liabilities arising from obtaining finance lease right-of-use assets $ 3,122 $ 2,165 $ 5,195 $ 4,342

Unrealized gain (loss) on short-term investments

$ (11) $ (9) $ (35) $ 5

Stock-based compensation included in capitalized software development costs $ 142 $ 74 $ 285 $ 141

Equity issued as consideration in business combinations $ — $ 10,041 $ — $ 10,041

WEAVE COMMUNICATIONS, INC.

DISAGGREGATED REVENUE AND COST OF REVENUE

(unaudited, in thousands)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Subscription and payment processing:

Revenue $ 64,590 $ 56,005 $ 127,152 $ 109,420

Cost of revenue (14,295) (12,590) (27,810) (24,671)

Gross profit $ 50,295 $ 43,415 $ 99,342 $ 84,749

Gross margin 77.9 % 77.5 % 78.1 % 77.5 %

Onboarding:

Revenue $ 782 $ 833 $ 1,714 $ 1,721

Cost of revenue (2,657) (2,075) (5,231) (4,067)

Gross profit $ (1,875) $ (1,242) $ (3,517) $ (2,346)

Gross margin (239.8) % (149.1) % (205.2) % (136.3) %

Phone Hardware:

Revenue $ 2,170 $ 1,632 $ 4,176 $ 3,138

Cost of revenue (1,937) (1,854) (3,809) (3,645)

Gross profit $ 233 $ (222) $ 367 $ (507)

Gross margin 10.7 % (13.6) % 8.8 % (16.2) %

WEAVE COMMUNICATIONS, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(unaudited, in thousands, except share and per share data)

The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP financial measures for the periods indicated below.

Non-GAAP gross profit

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Gross profit $ 48,653 $ 41,951 $ 96,192 $ 81,896

Stock-based compensation 167 215 333 500

Amortization of acquisition-related intangibles 213 105 423 105

Acquisition transaction costs1

11 — 16 —

Non-GAAP gross profit $ 49,044 $ 42,271 $ 96,964 $ 82,501

GAAP gross margin 72.0 % 71.7 % 72.3 % 71.7 %

Non-GAAP gross margin 72.6 % 72.3 % 72.9 % 72.2 %

Non-GAAP operating expenses

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Sales and marketing $ 27,397 $ 25,245 $ 56,148 $ 48,771

Stock-based compensation (1,460) (1,951) (3,447) (3,792)

Amortization of acquisition-related intangibles (131) (51) (262) (51)

Acquisition transaction costs1

(15) — (24) —

Non-GAAP sales and marketing $ 25,791 $ 23,243 $ 52,415 $ 44,928

Research and development $ 12,054 $ 11,988 $ 22,868 $ 23,141

Stock-based compensation (2,065) (3,018) (4,122) (5,380)

Acquisition transaction costs1

(7) (93) (216) (97)

Non-GAAP research and development $ 9,982 $ 8,877 $ 18,530 $ 17,664

General and administrative $ 13,588 $ 14,904 $ 27,585 $ 29,490

Stock-based compensation (3,342) (4,068) (6,262) (8,565)

Acquisition transaction costs1

(153) (754) (191) (1,124)

Shareholder matters2

— — (829) —

Non-GAAP general and administrative $ 10,093 $ 10,082 $ 20,303 $ 19,801

Non-GAAP income from operations

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Loss from operations

$ (4,386) $ (10,186) $ (10,409) $ (19,506)

Stock-based compensation 7,034 9,252 14,164 18,237

Acquisition transaction costs1

186 847 447 1,221

Amortization of acquisition-related intangibles 344 156 685 156

Shareholder matters2

— — 829 —

Non-GAAP income from operations $ 3,178 $ 69 $ 5,716 $ 108

GAAP loss from operations margin (6.5) % (17.4) % (7.8) % (17.1) %

Non-GAAP income from operations margin 4.7 % 0.1 % 4.3 % 0.1 %

Non-GAAP net income

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net loss $ (4,257) $ (8,711) $ (10,027) $ (17,536)

Stock-based compensation 7,034 9,252 14,164 18,237

Acquisition transaction costs1

186 847 447 (1,221)

Amortization of acquisition-related intangibles 344 156 685 156

Shareholder matters2

— — 829 —

Non-GAAP net income $ 3,307 $ 1,544 $ 6,098 $ (364)

GAAP net loss margin (6.3) % (14.9) % (7.5) % (15.3) %

Non-GAAP net income margin 4.9 % 2.6 % 4.6 % (0.3) %

GAAP net loss per share - basic and diluted $ (0.05) $ (0.11) $ (0.13) $ (0.23)

GAAP weighted-average common shares outstanding - basic and diluted

79,632,415 75,842,852 79,108,167 74,830,541

Non-GAAP net income per share - basic $ 0.04 $ 0.02 $ 0.08 $ —

Non-GAAP weighted-average common shares outstanding - basic

79,632,415 75,842,852 79,108,167 74,830,541

Non-GAAP net income per share - diluted $ 0.04 $ 0.02 $ 0.08 $ —

Non-GAAP weighted-average common shares outstanding - diluted

84,990,532 77,572,737 81,084,282 75,558,697

Free Cash Flow

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net cash provided by operating activities $ 10,241 $ 5,445 $ 4,536 $ 5,226

Less: Purchases of property and equipment (633) (544) (1,154) (988)

Less: Capitalized internal-use software costs (906) (423) (1,804) (822)

Free cash flow $ 8,702 $ 4,478 $ 1,578 $ 3,416

Adjusted EBITDA

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net loss $ (4,257) $ (8,711) $ (10,027) $ (17,536)

Interest expense 420 537 789 934

Income tax provision

132 (1,106) 234 (1,035)

Interest income (346) (435) (718) (898)

Other income net (335) (471) (687) (971)

Depreciation

990 520 1,526 1,031

Amortization

401 470 1,051 940

Stock-based compensation 7,034 9,252 14,164 18,237

Amortization of acquisition-related intangibles 344 156 685 156

Acquisition transaction costs1

186 847 447 1,221

Shareholder matters2

— — 829 —

Adjusted EBITDA $ 4,569 $ 1,059 $ 8,293 $ 2,079

1 Represents expenses incurred with third parties as part of the Company’s acquisition activity, including due diligence, closing, and post-closing integration activities.

2 Represents charges related to shareholder matters, including third-party legal, consulting, and advisory fees related to a cooperation agreement.

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Cover

Aug. 06, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Aug. 06, 2026

Entity Registrant Name

WEAVE COMMUNICATIONS, INC.

Entity Incorporation, State or Country Code

Entity File Number

001-40998

Entity Tax Identification Number

26-3302902

Entity Address, Address Line One

1331 W Powell Way

Entity Address, City or Town

Lehi

Entity Address, State or Province

Entity Address, Postal Zip Code

84043

City Area Code

385

Local Phone Number

331-4164

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, $0.00001 par value

Trading Symbol

WEAV

Security Exchange Name

NYSE

Entity Emerging Growth Company

true

Entity Ex Transition Period

false

Entity Central Index Key

0001609151

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 7A

-Section B

-Subsection 2

+ Details

Name:

dei_EntityExTransitionPeriod

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration