The company's accumulated deficit has expanded to $324.8 million as of 2026Q1, reflecting persistent challenges in achieving the scale necessary to reverse the erosion of shareholder equity.
| Total Current Assets | 100.68M | 91.69M | 120.74M | 129.78M | 132.89M | 154.45M | 67.67M | 89.19M |
| Cash & Short-Term Investments | 72.71M | 81.72M | 99.13M | 108.84M | 113.34M | 136M | 55.7M | 80.22M |
| Cash Only | 42.21M | 54.96M | 51.6M | 50.76M | 62M | 136M | 55.7M | 80.22M |
| Short-Term Investments | 30.49M | 26.76M | 47.53M | 58.09M | 51.34M | 0 | 0 | 0 |
| Accounts Receivable | 4.64M | 4.35M | 3.74M | 3.51M | 3.3M | 3.06M | 2.54M | 2.26M |
| Days Sales Outstanding | 6.11 | 6.64 | 6.69 | 7.52 | 8.47 | 9.64 | 11.62 | 18.06 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 23.33M | 5.62M | 17.87M | 17.42M | 16.25M | 8.93M | 7.18M | 5.17M |
| Total Non-Current Assets | 103.61M | 116.28M | 68.19M | 71.23M | 75.46M | 33.04M | 25.3M | 21.2M |
| Property, Plant & Equipment | 53.15M | 53.48M | 56.61M | 61.59M | 66.47M | 24.5M | 18.29M | 15M |
| Fixed Asset Turnover | 4.60x | 4.47x | 3.61x | 2.77x | 2.14x | 4.73x | 4.37x | 3.05x |
| Goodwill | 29.46M | 7.13M | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.79M | 29.46M | 2.55M | 0 | 2.42M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 14.2M | 26.2M | 9.03M | 9.64M | 6.57M | 8.54M | 7M | 6.2M |
| Total Assets | 204.28M | 207.97M | 188.93M | 201.01M | 208.35M | 187.49M | 92.97M | 110.39M |
| Asset Turnover | 1.21x | 1.15x | 1.08x | 0.85x | 0.68x | 0.62x | 0.86x | 0.41x |
| Asset Growth % | 32.96% | 10.08% | -6.01% | -3.52% | 11.13% | 101.66% | -15.78% | - |
| Total Current Liabilities | 81.07M | 84.6M | 76.62M | 72.85M | 72.22M | 54.31M | 44.02M | 33.49M |
| Accounts Payable | 6.62M | 7.26M | 8.28M | 5.17M | 3.79M | 4.06M | 3.4M | 2.97M |
| Days Payables Outstanding | 34.36 | 39.73 | 51.7 | 34.71 | 25.99 | 30.02 | 36.02 | 58.47 |
| Short-Term Debt | 11.55M | 11.36M | 0 | 0 | 10M | 0 | 400K | 0 |
| Deferred Revenue (Current) | 152.94M | 38.05M | 39.99M | 38.85M | 34.14M | 29.51M | 22.85M | 16.11M |
| Other Current Liabilities | 25.84M | 27.92M | 0 | 862K | 4.32M | 256K | 1.66M | 1.93M |
| Current Ratio | 1.24x | 1.08x | 1.58x | 1.78x | 1.84x | 2.84x | 1.54x | 2.66x |
| Quick Ratio | 1.24x | 1.08x | 1.58x | 1.78x | 1.84x | 2.84x | 1.54x | 2.66x |
| Cash Conversion Cycle | -28.25 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 39.94M | 40.79M | 45.34M | 49.2M | 52.91M | 20.88M | 10.96M | 10.95M |
| Long-Term Debt | 39.74M | 34.55M | 0 | 0 | 0 | 10M | 3.6M | 4M |
| Capital Lease Obligations | 126.48M | 40.79M | 45.34M | 49.2M | 52.91M | 6.56M | 7.36M | 6.94M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 200K | -34.55M | 0 | 0 | 0 | 4.32M | 1K | 6K |
| Total Liabilities | 121.01M | 125.38M | 121.96M | 122.06M | 125.13M | 75.18M | 54.98M | 44.44M |
| Total Debt | 51.29M | 86.71M | 56.06M | 59.54M | 73.56M | 25.04M | 18.44M | 15.71M |
| Net Debt | 9.07M | 31.75M | 4.46M | 8.79M | 11.57M | -110.95M | -37.26M | -64.51M |
| Debt / Equity | 0.62x | 1.05x | 0.84x | 0.75x | 0.88x | 0.22x | 0.49x | 0.24x |
| Debt / EBITDA | -3.39x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.60x | - | - | - | - | - | - | - |
| Interest Coverage | -20.26x | -16.04x | -17.49x | -15.00x | -33.44x | -42.61x | -35.85x | -38.53x |
| Total Equity | 83.28M | 82.38M | 66.97M | 78.96M | 83.22M | 112.3M | 37.99M | 65.95M |
| Equity Growth % | 71.62% | 23.02% | -15.18% | -5.12% | -25.9% | 195.58% | -42.39% | - |
| Book Value per Share | 1.06 | 1.08 | 0.93 | 1.17 | 1.27 | 1.75 | 0.59 | 5.96 |
| Total Shareholders' Equity | 83.28M | 82.38M | 66.97M | 78.96M | 83.22M | 112.3M | 37.99M | 65.95M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Retained Earnings | -324.83M | -319.06M | -291.01M | -262.67M | -231.64M | -181.9M | -130.21M | -89.79M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -406K | -127K | -568K | 110K | -29K | -31K | 2K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated deficit and leverage
According to reported financial statements, Weave's accumulated deficit has expanded to $324.8 million as of 2026Q1, signaling that despite revenue growth, the company has yet to achieve the operational scale necessary to reverse the long-term erosion of its shareholder equity base through profitable core business activities.
The consistent growth in the accumulated deficit suggests that historical capital allocation has prioritized aggressive market capture over immediate bottom-line sustainability. Investors should monitor whether the recent pivot toward operational discipline can stabilize this trajectory, as the current trend indicates a reliance on external financing to offset persistent GAAP losses.
Based on quarterly filings, Weave's total debt reached $51.3 million in 2026Q1, with the debt-to-equity ratio exhibiting significant volatility, peaking at 1.05 in 2025Q4, which suggests that management utilizes debt as a tactical tool to manage liquidity rather than as a permanent capital structure component.
The fluctuation in leverage appears to correlate with periods of lower cash reserves, implying that debt serves as a necessary buffer for operational continuity. This reliance warrants further investigation into the company's refinancing risk and the potential impact of interest expenses on the path to achieving sustainable cash flow.
As reported in recent balance sheets, Weave's cash position fluctuated from a low of $30.6 million in 2024Q1 to $42.2 million in 2026Q1, indicating that the company maintains a relatively thin liquidity buffer relative to its ongoing operating expenses and potential working capital requirements.
The current ratio of 1.24 suggests an adequate ability to cover short-term obligations, yet the volatility in cash balances implies that liquidity is sensitive to the timing of customer payments and hardware procurement cycles. This variability may limit the company's flexibility to pursue strategic investments without further capital raises.
Based on the provided data, the emergence of $29.5 million in goodwill as of 2026Q1, up from zero in previous periods, suggests that recent inorganic growth or accounting adjustments may be inflating the asset base, potentially masking the underlying quality of the company's tangible asset portfolio.
The sudden appearance of goodwill warrants close scrutiny, as it may indicate future impairment risk if the acquired assets fail to deliver the expected synergies. Investors should consider whether this intangible value accurately reflects the competitive moat or if it represents an overpayment for market share in a consolidating industry.
Quick answers to the most common questions about buying WEAV stock.
As of 2025, Weave Communications, Inc. (WEAV) had total assets of $208.0M including $91.7M in current assets.
Weave Communications, Inc. (WEAV) carries total debt of $86.7M, offset by $81.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Weave Communications, Inc. (WEAV) has total shareholders' equity (book value) of $82.4M ($1.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Weave Communications, Inc. (WEAV) reported a current ratio of 1.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.