Filing Flows › Weave Communications (WEAV) › Q4 2024
Weave Communications (WEAV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 13, 2025
Weave Communications (WEAV) reported revenue of $54.2M for the fourth quarter 2024 (Q4 2024), +19% from a year earlier and +3% from the quarter before. Operating margin was -13.6%, net loss $6.7M (12.4% of revenue).
Weave Communications, Q4 2024: revenue $54.2M (+19% year over year), operating margin -13.6%, net loss $6.7M, operating cash flow $6.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $54.2M | +3% | +19% |
| Operating profit | −$7.4M | — | — |
| Net earnings | −$6.7M | — | — |
| Operating cash flow | $6.7M | +48% | +78% |
| Free cash flow | $6.1M | — | — |
What changed
Revenue was $54.2M in Q4 2024, up 19% year over year and up 3% from the previous quarter.
Gross margin was 72.1%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $7.4M, an operating margin of -13.6%. Operating expenses grew 17% against revenue growth of 19%. The fastest-growing cost line was Sales & marketing (+20%). The quarter ended with a net loss of $6.7M, wider than the previous quarter's $5.9M loss.
Operating cash flow was $6.7M (up 78% year over year). Non-cash charges added back $2.8M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items added $1.4M. After purchases of property and equipment ($383K) and capitalized internal-use software costs ($166K), free cash flow as the company reports it was $6.1M.
Questions
What was Weave Communications' revenue in the fourth quarter 2024?
Weave Communications (WEAV) reported revenue of $54.2M for the fourth quarter 2024 (Q4 2024), +19% from a year earlier and +3% from the quarter before.
Was Weave Communications profitable in the fourth quarter 2024?
Operating loss was $7.4M (-13.6% of revenue) and net loss $6.7M.