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Weave Communications, Inc. (WEAV) 10-Year Financial Performance & Capital Metrics

WEAV • • Industrial / General
TechnologyApplication SoftwareMarketing & Customer EngagementCustomer Analytics
AboutWeave Communications, Inc. provides a customer communications and engagement software platform in the United States and Canada. Its platform enables small and medium-sized businesses to maximize the value of their customer interactions and minimize the time and effort spent on manual or mundane tasks. The company's products include Customized Phone System, a smarter phone system to identify whether incoming calls are from new or current customers, provide information at every call, and manages heavy call times; Weave Text Messaging to communicate with customers; Weave Missed Call Text to take action in real time upon notification of a missed call; Weave Team, a group messaging solution that helps businesses and their team members communicate with each other from their work stations; and Weave Mobile App to text customers, request payments, and receive and make calls. It also offers Weave Reviews to request, collect, monitor, and respond to reviews; Weave Email Marketing, an email system; Web Assistant Appointment Requests and Text Connect to interact with their existing and potential customers online directly through their websites; Weave Payments, a payment processing solution; Customer Insights to collect payments faster, improve personalized engagement with each customer, and recommend follow-up items; and Analytics to identify unscheduled treatments, canceled appointments, unpaid invoices, and other needs. In addition, the company provides Digital Forms to fill out critical information; and Scheduling to send automatic scheduling reminders through text message or email reminders. It serves customers in dental, optometry, veterinary, physical therapy, home services, audiology, medical specialty services, and podiatry industries. The company was formerly known as Recall Solutions, LLC and changed its name to Weave Communications, Inc. in October 2015. Weave Communications, Inc. was founded in 2008 and is headquartered in Lehi, Utah.Show more
  • Revenue $204M +19.9%
  • EBITDA -$16M +14.0%
  • Net Income -$28M +8.7%
  • EPS (Diluted) -0.40 +13.0%
  • Gross Margin 71.4% +4.8%
  • EBITDA Margin -7.8% +28.2%
  • Operating Margin -15.37% +23.7%
  • Net Margin -13.87% +23.8%
  • ROE -38.85% -1.5%
  • ROIC -29.6% -4.8%
  • Debt/Equity 0.84 +11.0%
  • Interest Coverage -20.63 -15.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 34.9%
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y34.89%
3Y20.81%
TTM17.34%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-14.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM-7.59%

ROCE

10Y Avg-41.46%
5Y Avg-41.45%
3Y Avg-29.68%
Latest-26.13%

Peer Comparison

Customer Analytics
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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+45.75M79.9M115.87M142.12M170.47M204.31M
Revenue Growth %-0.75%0.45%0.23%0.2%0.2%
Cost of Goods Sold+18.52M34.45M49.37M53.28M54.38M58.43M
COGS % of Revenue0.4%0.43%0.43%0.37%0.32%0.29%
Gross Profit+27.23M45.45M66.5M88.84M116.09M145.88M
Gross Margin %0.6%0.57%0.57%0.63%0.68%0.71%
Gross Profit Growth %-0.67%0.46%0.34%0.31%0.26%
Operating Expenses+59.15M85.02M116.89M138.54M150.46M177.29M
OpEx % of Revenue1.29%1.06%1.01%0.97%0.88%0.87%
Selling, General & Admin44.74M65.05M89.88M107.83M116.42M137.06M
SG&A % of Revenue0.98%0.81%0.78%0.76%0.68%0.67%
Research & Development14.41M19.97M27.01M30.71M34.04M40.23M
R&D % of Revenue0.31%0.25%0.23%0.22%0.2%0.2%
Other Operating Expenses000000
Operating Income+-31.92M-39.57M-50.39M-49.7M-34.37M-31.41M
Operating Margin %-0.7%-0.5%-0.43%-0.35%-0.2%-0.15%
Operating Income Growth %--0.24%-0.27%0.01%0.31%0.09%
EBITDA+-26.19M-30.15M-38.25M-33.06M-18.53M-15.95M
EBITDA Margin %-0.57%-0.38%-0.33%-0.23%-0.11%-0.08%
EBITDA Growth %--0.15%-0.27%0.14%0.44%0.14%
D&A (Non-Cash Add-back)5.73M9.43M12.14M16.64M15.83M15.47M
EBIT-31.25M-39.32M-50.45M-48.19M-28.85M-26.63M
Net Interest Income+-811K-1.1M-1.18M-286K273K328K
Interest Income0001.16M2.2M1.85M
Interest Expense811K1.1M1.18M1.44M1.92M1.52M
Other Income/Expense-137K-850K-1.24M70K3.6M3.26M
Pretax Income+-32.06M-40.42M-51.63M-49.63M-30.77M-28.16M
Pretax Margin %-0.7%-0.51%-0.45%-0.35%-0.18%-0.14%
Income Tax+0060K104K260K189K
Effective Tax Rate %1%1%1%1%1.01%1.01%
Net Income+-32.06M-40.42M-51.69M-49.74M-31.03M-28.35M
Net Margin %-0.7%-0.51%-0.45%-0.35%-0.18%-0.14%
Net Income Growth %--0.26%-0.28%0.04%0.38%0.09%
Net Income (Continuing)-32.06M-40.42M-51.69M-49.74M-31.03M-28.35M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-3.03-0.75-2.60-0.76-0.46-0.40
EPS Growth %-0.75%-2.47%0.71%0.39%0.13%
EPS (Basic)-3.03-0.75-2.60-0.76-0.46-0.40
Diluted Shares Outstanding11.06M64.24M64.32M65.74M67.69M71.66M
Basic Shares Outstanding11.06M64.24M64.32M65.74M67.69M71.66M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+89.19M67.67M154.45M132.89M129.78M120.74M
Cash & Short-Term Investments80.22M55.7M136M113.34M108.84M99.13M
Cash Only80.22M55.7M136M62M50.76M51.6M
Short-Term Investments00051.34M58.09M47.53M
Accounts Receivable2.26M2.54M3.06M3.3M3.51M3.74M
Days Sales Outstanding18.0611.629.648.477.526.69
Inventory000000
Days Inventory Outstanding------
Other Current Assets5.17M7.18M8.93M16.25M17.42M17.87M
Total Non-Current Assets+21.2M25.3M33.04M75.46M71.23M68.19M
Property, Plant & Equipment15M18.29M24.5M66.47M61.59M56.61M
Fixed Asset Turnover3.05x4.37x4.73x2.14x2.77x3.61x
Goodwill000000
Intangible Assets0002.42M02.55M
Long-Term Investments000000
Other Non-Current Assets6.2M7M8.54M6.57M9.64M9.03M
Total Assets+110.39M92.97M187.49M208.35M201.01M188.93M
Asset Turnover0.41x0.86x0.62x0.68x0.85x1.08x
Asset Growth %--0.16%1.02%0.11%-0.04%-0.06%
Total Current Liabilities+33.49M44.02M54.31M72.22M72.85M76.62M
Accounts Payable2.97M3.4M4.06M3.79M5.17M8.28M
Days Payables Outstanding58.4736.0230.0225.9934.7151.7
Short-Term Debt0400K010M00
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities1.93M1.66M256K4.32M862K0
Current Ratio2.66x1.54x2.84x1.84x1.78x1.58x
Quick Ratio2.66x1.54x2.84x1.84x1.78x1.58x
Cash Conversion Cycle------
Total Non-Current Liabilities+10.95M10.96M20.88M52.91M49.2M45.34M
Long-Term Debt4M3.6M10M000
Capital Lease Obligations6.94M7.36M6.56M52.91M49.2M45.34M
Deferred Tax Liabilities000000
Other Non-Current Liabilities6K1K4.32M000
Total Liabilities44.44M54.98M75.18M125.13M122.06M121.96M
Total Debt+15.71M18.44M25.04M73.56M59.54M56.06M
Net Debt-64.51M-37.26M-110.95M11.57M8.79M4.46M
Debt / Equity0.24x0.49x0.22x0.88x0.75x0.84x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-39.36x-36.07x-42.56x-34.49x-17.87x-20.63x
Total Equity+65.95M37.99M112.3M83.22M78.96M66.97M
Equity Growth %--0.42%1.96%-0.26%-0.05%-0.15%
Book Value per Share5.960.591.751.271.170.93
Total Shareholders' Equity65.95M37.99M112.3M83.22M78.96M66.97M
Common Stock100000
Retained Earnings-89.79M-130.21M-181.9M-231.64M-262.67M-291.01M
Treasury Stock000000
Accumulated OCI02K-31K-29K110K-568K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-22.07M-15.52M-20.37M-12.77M10.22M14.15M
Operating CF Margin %-0.48%-0.19%-0.18%-0.09%0.06%0.07%
Operating CF Growth %-0.3%-0.31%0.37%1.8%0.38%
Net Income-32.06M-40.42M-51.69M-49.74M-31.03M-28.35M
Depreciation & Amortization5.73M9.43M12.14M16.64M15.83M15.47M
Stock-Based Compensation1.4M11.61M14.09M18.75M22.82M32.22M
Deferred Taxes92K00000
Other Non-Cash Items3.82M7.15M9.77M11.44M10.68M13.15M
Working Capital Changes-1.05M-3.28M-4.68M-9.87M-8.09M-18.34M
Change in Receivables-1.75M-567K-870K-966K-1.38M1.87M
Change in Inventory4K00000
Change in Payables1.86M302K583K-330K1.32M3.12M
Cash from Investing+-2.47M-3.86M-9.81M-54.03M-7.74M8.88M
Capital Expenditures-2.47M-2.76M-7.38M-1.9M-1.69M-2.19M
CapEx % of Revenue0.05%0.03%0.06%0.01%0.01%0.01%
Acquisitions------
Investments------
Other Investing0-1.1M-2.43M-1.22M-2M-1.6M
Cash from Financing+65M-5.15M110.48M-7.21M-13.72M-22.19M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing799K851K740K1.5M3.81M-18.86M
Net Change in Cash------
Free Cash Flow+-24.54M-19.38M-30.18M-15.89M6.53M11.96M
FCF Margin %-0.54%-0.24%-0.26%-0.11%0.04%0.06%
FCF Growth %-0.21%-0.56%0.47%1.41%0.83%
FCF per Share-2.22-0.30-0.47-0.240.100.17
FCF Conversion (FCF/Net Income)0.69x0.38x0.39x0.26x-0.33x-0.50x
Interest Paid01.08M1.18M1.44M1.92M1.52M
Taxes Paid000104K260K189K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-48.61%-77.78%-68.79%-50.88%-38.27%-38.85%
Return on Invested Capital (ROIC)--2734.06%-3625.25%-77.55%-28.24%-29.6%
Gross Margin59.52%56.88%57.39%62.51%68.1%71.4%
Net Margin-70.08%-50.59%-44.61%-35%-18.2%-13.87%
Debt / Equity0.24x0.49x0.22x0.88x0.75x0.84x
Interest Coverage-39.36x-36.07x-42.56x-34.49x-17.87x-20.63x
FCF Conversion0.69x0.38x0.39x0.26x-0.33x-0.50x
Revenue Growth-74.65%45.03%22.65%19.95%19.85%

Revenue by Segment

2021202220232024
Subscription And Payment Processing108.84M136.59M162.72M196.11M
Subscription And Payment Processing Growth-25.50%19.12%20.52%
Onboarding3.69M1.29M3.23M3.55M
Onboarding Growth--65.07%150.93%9.75%
Product3.3M4.2M4.5M-
Product Growth-27.27%7.14%-

Frequently Asked Questions

Growth & Financials

Weave Communications, Inc. (WEAV) reported $229.8M in revenue for fiscal year 2024. This represents a 402% increase from $45.7M in 2019.

Weave Communications, Inc. (WEAV) grew revenue by 19.9% over the past year. This is strong growth.

Weave Communications, Inc. (WEAV) reported a net loss of $32.9M for fiscal year 2024.

Dividend & Returns

Weave Communications, Inc. (WEAV) has a return on equity (ROE) of -38.9%. Negative ROE indicates the company is unprofitable.

Weave Communications, Inc. (WEAV) generated $16.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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