Short answer
Weave Communications, Inc. (WEAV) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $66M (up 17.4% year over year) with net income of −$6M.
Q1 2026 key financials · XBRL
- Revenue
- $66M
- +17.4% YoY
- Net income
- −$6M
- +34.6% YoY
- Operating margin
- -9.2%
- Gross margin
- 72.6%
- EPS (diluted)
- −$0.07
- +41.7% YoY
Source: XBRL data from the Weave Communications, Inc. (WEAV) Q1 2026 10-Q on SEC EDGAR. USD.
Weave Communications, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $65.5M, up 17% YoY from $55.8M
- Gross margin 73% vs 72% YoY
- Subscription and payments gross margin 78% vs 77%; onboarding worst at negative 176%
- Operating loss $6.0M vs $9.3M; operating margin negative 9% vs negative 16%
- Revenue headwinds: dollar-based NRR declined to 92% from 98% and GRR to 89% from 91%
Risk Factors
- Newly highlighted AI-regulation risk: conflicting requirements could increase compliance costs, constrain operations, or create legal liability
- Most material operating update: employee growth and churn created customer-service and sales challenges during India, Latin America, and Philippines expansion
- Cybersecurity exposure: breaches involving GCP or service providers could cause data loss, intellectual-property theft, and third-party liability
- Near-term market risk: SMB customers face higher business-failure rates and limited budgets, increasing churn sensitivity to economic downturns
- Financial risk: accumulated deficit reached $324.8 million at March 31, 2026 after a $5.8 million quarterly net loss
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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