Weave Communications Q1 revenue rises 17%, beats estimates

Weave Communications

30/04/2026 21:13

Overview

US healthcare SaaS platform's Q1 revenue rose 17.4%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company attributes improved profitability to disciplined operations and higher AI tool adoption

Outlook

Weave sees Q2 revenue between $67.2 mln and $68.2 mln

Company expects full-year 2026 revenue of $275.0 mln to $278.0 mln

Weave projects full-year non-GAAP income from operations of $10.5 mln to $13.5 mln

Result Drivers

CUSTOMER GROWTH - Co said it added the most customer locations in a single qtr in its history, supporting revenue growth

AI TOOL ADOPTION - Over 50% of customer locations now use embedded AI tools, which co said contributed to results

DISCIPLINED OPERATIONS - CEO attributed improved profitability to disciplined business operations

Company press release: ID:nBw81L2Gfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$65.50 mln
$64.57 mln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.04
$0.02 (4 Analysts)
Q1 EPS
-$0.07
Q1 Adjusted Net Income
$2.80 mln
Q1 Net Income
-$5.77 mln
Q1 Gross Profit
$47.54 mln
Q1 Revenue Growth
17.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Weave Communications Inc is $9.00, about 86% above its April 29 closing price of $4.84

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 65 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)