Quarterly ResultApr 30, 2026, 04:10 PM
WEAV Q1 Revenue +17.4% to $65.5M; Non-GAAP Op Income $2.5M
AI Summary
Weave Communications, Inc. reported strong first-quarter 2026 financial results, with total revenue increasing 17.4% year-over-year to $65.5 million. The company achieved significant year-over-year improvements in profitability, including a non-GAAP income from operations of $2.5 million, up from $0.0 million in Q1 2025. Weave also added the most customer locations in a single quarter in its history and provided an optimistic outlook for Q2 and the full year 2026.
Key Highlights
- Total revenue grew 17.4% to $65.5 million in Q1 2026.
- GAAP gross margin improved to 72.6%, up 100 basis points year-over-year.
- Non-GAAP income from operations reached $2.5 million, up from $0.0 million in Q1 2025.
- GAAP net loss improved to $5.8 million ($0.07 per share) from $8.8 million ($0.12 per share).
- Achieved the most customer location additions in a single quarter in company history.
- Q2 2026 revenue guidance set at $67.2 million to $68.2 million.
- Full Year 2026 revenue guidance set at $275.0 million to $278.0 million.