Filing Flows › Weave Communications (WEAV) › Q1 2026
Weave Communications (WEAV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Weave Communications (WEAV) reported revenue of $65.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +3% from the quarter before. Operating margin was -9.2%, net loss $5.8M (8.8% of revenue).
Weave Communications, Q1 2026: revenue $65.5M (+17% year over year), operating margin -9.2%, net loss $5.8M, operating cash flow −$5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.5M | +3% | +17% |
| Operating profit | −$6.0M | — | — |
| Net earnings | −$5.8M | — | — |
| Operating cash flow | −$5.7M | -191% | — |
What changed
Revenue was $65.5M in Q1 2026, up 17% year over year and up 3% from the previous quarter. Subscription and payment processing was the largest line at 96% of revenue. Subscription and payment processing added $9.1M year over year (up 17%), 94% of the total change.
Gross margin was 72.6%, up 1.0 points from Q1 2025. Operating costs exceeded revenue by $6.0M, an operating margin of -9.2%. Operating expenses grew 9% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+22%). The quarter ended with a net loss of $5.8M, wider than the previous quarter's $1.8M loss.
Operating cash flow was −$5.7M. Non-cash charges added back $3.1M of depreciation and amortization and $7.1M of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $521K exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Weave Communications' revenue in the first quarter 2026?
Weave Communications (WEAV) reported revenue of $65.5M for the first quarter 2026 (Q1 2026), +17% from a year earlier and +3% from the quarter before.
Was Weave Communications profitable in the first quarter 2026?
Operating loss was $6.0M (-9.2% of revenue) and net loss $5.8M.