WEAVMEDIUM SIGNALOPERATIONAL10-K

Weave has repositioned itself as an "AI-powered patient communications" platform while delivering solid financial growth with 17% revenue expansion and improved cash generation.

The strategic pivot to emphasize AI capabilities suggests management is adapting to market trends and potentially commanding premium pricing in healthcare technology. However, the addition of M&A risk language and AI regulatory compliance concerns indicates management anticipates increased operational complexity. The 6.5% increase in outstanding shares suggests continued equity dilution that investors should monitor.

Comparing 2026-03-05 vs 2025-03-13View on EDGAR →
FINANCIAL ANALYSIS

Weave demonstrated healthy operational momentum with revenue growing 17% to $239 million and gross profit expanding 18% to $172 million, while operating cash flow improved 24% to $17.5 million. The balance sheet strengthened with stockholders' equity rising 23% to $82.4 million and total assets growing 10% to $208 million, though current assets declined 13% while current liabilities increased 10%. Overall, the financial picture reflects a growing company with improving profitability metrics and cash generation, though working capital dynamics warrant attention.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+24%
$14.1M→$17.5M

Operating cash flow grew 24% — strong conversion of earnings to cash, healthy business fundamentals.

Stockholders Equity
Balance Sheet
+23%
$67.0M→$82.4M

Equity base grew 23% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Interest Expense
P&L
-20.8%
$1.9M→$1.5M

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Gross Profit
P&L
+18.1%
$145.9M→$172.3M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Revenue
P&L
+17%
$204.3M→$239.0M

Revenue growing 17% — solid top-line momentum, watch margins for quality of growth.

Accounts Receivable
Balance Sheet
+16.1%
$3.7M→$4.3M

Receivables grew 16.1% — monitor days sales outstanding for collection efficiency.

Current Assets
Balance Sheet
-13%
$120.7M→$105.0M

Current assets declined 13% — monitor working capital adequacy and short-term liquidity.

R&D Expense
P&L
+10.5%
$40.2M→$44.5M

R&D investment increased 10.5% — signals commitment to future product development, though near-term margin impact.

Current Liabilities
Balance Sheet
+10.4%
$76.6M→$84.6M

Current liabilities rose 10.4% — increased short-term obligations, watch current ratio.

Total Assets
Balance Sheet
+10.1%
$188.9M→$208.0M

Asset base grew 10.1% — expansion through organic growth, acquisitions, or capital deployment.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-13
ADDED
As of March 2, 2026, the registrant had 78,648,611 shares of common stock, par value $0.00001 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 58 Item 7A.
Conflicting and evolving regulations regarding AI could result in increased compliance costs, operational constraints, or legal liability.
We have engaged in and may continue to engage in merger and acquisition activities, which require significant management attention and could disrupt our business, dilute stockholder value, and adversely affect our business, results of operations and financial condition.
Overview Weave is a leading AI-powered patient communications, engagement, and payments platform purpose-built for small and medium-sized ( SMB ) healthcare practices.
We strive to elevate patient experiences through a unified platform that improves business operations, allowing healthcare professionals to focus on what matters most: patient care.
Weave serves as the orchestration layer for modern healthcare practices, bringing together voice, text, and AI-powered workflows into a single system of work.
Our platform is built on nearly two decades of domain expertise and billions of patient interactions, allowing us to leverage a vertically specialized data that allows us to deliver high-accuracy automation within strict privacy and regulatory frameworks.
Our platform integrates with more than 90 practice management systems ( PMS ) to provide more personalized interactions between practices and patients.
Key current capabilities include: Communications: our proprietary telephony platform unifies voice and text interactions and manages the practice's trusted phone number.
REMOVED
As of March 7, 2025, the registrant had 73,900,241 shares of common stock, par value $0.00001 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 56 Item 7A.
and its wholly owned subsidiaries Weave Communications Canada, Inc.
Our products and services must comply with industry standards, Federal Communications Commission ( FCC ) regulations, state, local, country-specific and international regulations, and changes may require us to modify existing services, potentially increase our costs or prices we charge customers, and otherwise harm our business.
Overview Weave is a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses.
From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire patient journey.
Weave s software solutions transform how healthcare practices attract, communicate with, and engage patients and clients to grow their business.
Weave seamlessly integrates billing and payment requests into communication workflows, streamlining payment timelines, reducing accounts receivable, and supporting practice profitability.
Our verticalized software platform streamlines the day-to-day operations of running an SMB healthcare practice.
Instead of a fragmented set of tools, Weave offers an AI-powered solution that spans all forms of communication and engagement including physical and softphones, messaging, email marketing, insurance verification, online appointment scheduling, reviews, payments, digital forms, and more.
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