Weave Communications Inc (NYSE:WEAV)

Q1 2026 Weave Communications Inc Earnings Call Transcript

Apr 30, 2026 / 08:30 PM GMT

Release Date Price: $4.91 (+1.45%)

Transcript 10-Q8-K

Key Points

Positve

Weave Communications Inc (WEAV) reported a 17.4% year-over-year revenue growth, exceeding the high end of their guidance.
The company achieved a significant improvement in operating income, reaching $2.5 million from break-even last year.
Weave added the most locations ever in a quarter, with strong performance in upselling new products like insurance eligibility and AI receptionist.
Payments revenue growth accelerated as customers increasingly used Weave for payment processing.
The company is well-positioned for long-term success with a growing customer base and expanding market opportunities.

Negative

Operating expenses for Q1 were 69% of revenue, with sales and marketing expenses increasing due to higher advertising costs.
Free cash flow was negative $7.1 million, impacted by large seasonal disbursements and cash used for net settlement of vesting equity awards.
The company experienced a decrease in cash and short-term investments, ending the quarter with $72.7 million, a decrease of $9 million sequentially.
Despite improvements, the dollar-based net revenue retention rate was 92%, indicating room for further enhancement.
Q1 cash flows were impacted by significant prepaid software renewals and annual bonus payouts, affecting the overall cash position.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WEAV.N - Weave Communications Inc
Q1 2026 Weave Communications Inc Earnings Call
Apr 30, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to WEAVE's first quarter 2026 financial results and conference call.

At this time, all participants are on a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again.

I would now like to turn the conference over to your host, Mariah Shilton, Investor Relations.

Thank you. You may begin.

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Unidentified_2 [2]
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