10-Q quarterly report · filed Nov 6, 2025

Weave Communications, Inc. (WEAV) Q3 2025 10-Q Quarterly Report

Short answer

Weave Communications, Inc. (WEAV) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $61M (up 17.1% year over year) with net income of −$9M.

Q3 2025 key financials · XBRL

Revenue
$61M
+17.1% YoY · +4.9% QoQ
Net income
−$9M
−47.4% YoY · +0.5% QoQ
Operating margin
-14.6%
Gross margin
72.3%
EPS (diluted)
−$0.12
−50.0% YoY · −9.1% QoQ

Source: XBRL data from the Weave Communications, Inc. (WEAV) Q3 2025 10-Q on SEC EDGAR. USD.

Weave Communications, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $61.342M, up 17% YoY from $52.386M
  • Gross margin 72% vs 72% YoY; operating margin (14%) vs (12%)
  • Subscription and payment-processing revenue $58.760M, up from $50.375M; 78% gross margin
  • Cash and cash equivalents $76.2M vs $85.1M at December 31, 2024; operating cash flow $(10.1)M
  • Dollar-based NRR 94% vs 98%; GRR 90% vs 92%, signaling retention headwinds

Risk Factors

  • No new or changed risk factors identified; section carries forward prior-year risks
  • Customer concentration in SMB healthcare practices, where downturns and limited budgets can increase churn
  • Competitive SaaS market pressure from alternative platforms, pricing changes, and new product launches
  • Regulatory compliance exposure across FCC, healthcare, state, international, and industry requirements
  • Cybersecurity risk involving Weave, Google Cloud Platform, or service providers, potentially causing data loss and liability
  • Financial risk from continued losses, including $26.2 million net loss and $317.2 million accumulated deficit at September 30, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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