Weave Communications Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	229.79	204.31	170.47	142.12	115.87	79.9
Revenue Growth (YoY)	17.34%	19.86%	19.95%	22.65%	45.03%	74.65%
Cost of Revenue	64.51	58.43	54.38	53.28	49.37	34.45
Gross Profit	165.28	145.88	116.09	88.84	66.5	45.45
Selling, General & Admin	152.63	137.06	116.42	107.83	89.88	65.05
Research & Development	46.93	40.23	34.04	30.71	27.01	19.97
Operating Expenses	199.55	177.3	150.46	138.55	116.89	85.02
Operating Income	-34.27	-31.41	-34.37	-49.7	-50.39	-39.57
Interest Expense	-1.7	-1.52	-1.92	-1.44	-1.18	-1.1
Interest & Investment Income	1.82	1.85	2.2	1.16	-	-
Other Non Operating Income (Expenses)	0.69	0.79	0.65	-0.06	-0.06	0.25
EBT Excluding Unusual Items	-33.45	-30.29	-33.44	-50.05	-51.63	-40.42
Gain (Loss) on Sale of Investments	1.21	2.13	2.67	0.41	-	-
Pretax Income	-33.8	-28.16	-30.77	-49.63	-51.63	-40.42
Income Tax Expense	-0.89	0.19	0.26	0.1	0.06	-
Net Income	-32.92	-28.35	-31.03	-49.74	-51.69	-40.42
Preferred Dividends & Other Adjustments	-	-	-	-	1.96	2.12
Net Income to Common	-32.92	-28.35	-31.03	-49.74	-53.65	-42.55
Shares Outstanding (Basic)	75	72	68	65	21	11
Shares Outstanding (Diluted)	75	72	68	65	21	11
Shares Change (YoY)	5.79%	5.85%	4.01%	215.38%	81.73%	9.98%
EPS (Basic)	-0.44	-0.40	-0.46	-0.76	-2.60	-3.75
EPS (Diluted)	-0.44	-0.40	-0.46	-0.76	-2.60	-3.75
Free Cash Flow	16.32	11.96	8.53	-14.66	-27.75	-18.28
Free Cash Flow Per Share	0.22	0.17	0.13	-0.23	-1.34	-1.61
Gross Margin	71.93%	71.40%	68.10%	62.51%	57.39%	56.88%
Operating Margin	-14.91%	-15.38%	-20.16%	-34.97%	-43.49%	-49.53%
Profit Margin	-14.32%	-13.87%	-18.20%	-35.00%	-46.30%	-53.25%
Free Cash Flow Margin	7.10%	5.86%	5.00%	-10.32%	-23.95%	-22.88%
EBITDA	-24.06	-21.4	-23.67	-37.74	-39.05	-30.15
EBITDA Margin	-10.47%	-10.47%	-13.88%	-26.55%	-33.70%	-37.73%
D&A For EBITDA	10.21	10.02	10.7	11.96	11.34	9.43
EBIT	-34.27	-31.41	-34.37	-49.7	-50.39	-39.57
EBIT Margin	-14.91%	-15.38%	-20.16%	-34.97%	-43.49%	-49.53%
Advertising Expenses	-	11.8	8.3	6.3	7.9	2.9

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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