--- title: "Weave Communications | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 65.5 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285257262.md" datetime: "2026-05-05T20:06:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285257262.md) - [en](https://longbridge.com/en/news/285257262.md) - [zh-HK](https://longbridge.com/zh-HK/news/285257262.md) generator: "portal-rs" --- # Weave Communications | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 65.5 B Revenue: As of FY2026 Q1, the actual value is USD 65.5 B, beating the estimate of USD 64.57 M. EPS: As of FY2026 Q1, the actual value is USD -0.07, beating the estimate of USD -0.0825. EBIT: As of FY2026 Q1, the actual value is USD -6.026 B. Weave Communications, Inc. operates as a single reportable segment, the Weave platform, which provides communications and payments services under Software-as-a-Service (SaaS) arrangements . #### Operational Metrics (Three Months Ended March 31) - **Total Revenue**: Increased by $9,691 thousand, or 17%, to $65,500 thousand in 2026 from $55,809 thousand in 2025 . - **Subscription and payment processing revenue**: $62,562 thousand in 2026, up from $53,415 thousand in 2025 . - **Onboarding revenue**: $932 thousand in 2026, compared to $888 thousand in 2025 . - **Phone Hardware revenue**: $2,006 thousand in 2026, up from $1,506 thousand in 2025 . - **Cost of Revenue**: Increased by $2,097 thousand, or 13%, to $17,961 thousand in 2026 from $15,864 thousand in 2025, primarily due to a $1.5 million increase in direct costs and a $0.3 million increase in personnel-related costs . - **Gross Profit**: Increased to $47,539 thousand in 2026 from $39,945 thousand in 2025 . - **Gross Margin**: Increased to 73% in 2026 from 72% in 2025 . - **Subscription and payment processing gross margin**: 78% in 2026, up from 77% in 2025 . - **Onboarding gross profit**: - $1,642 thousand in 2026, compared to - $1,104 thousand in 2025, with a gross margin of -176% in 2026 compared to -124% in 2025 . - **Phone Hardware gross profit**: $134 thousand in 2026, compared to - $285 thousand in 2025, with a gross margin of 7% in 2026 compared to -19% in 2025 . - **Operating Expenses**: Total operating expenses increased to $53,562 thousand in 2026 from $49,265 thousand in 2025 . - **Sales and marketing expenses**: Increased by $5,225 thousand, or 22%, to $28,751 thousand in 2026 from $23,526 thousand in 2025, driven by increases in personnel-related expenses and demand generation expenses . - **Research and development expenses**: Decreased by $339 thousand, or -3%, to $10,814 thousand in 2026 from $11,153 thousand in 2025, mainly due to an increase in capitalized software development costs . - **General and administrative expenses**: Decreased by $589 thousand, or -4%, to $13,997 thousand in 2026 from $14,586 thousand in 2025, primarily due to a decrease in personnel-related expenses . - **Loss from Operations**: Decreased to - $6,023 thousand in 2026 from - $9,320 thousand in 2025 . - **Net Loss**: Decreased to - $5,770 thousand in 2026 from - $8,825 thousand in 2025 . #### Cash Flow (Three Months Ended March 31) - **Net Cash Used in Operating Activities**: - $5,705 thousand in 2026, compared to - $219 thousand in 2025 . - **Net Cash Provided by (Used in) Investing Activities**: - $5,032 thousand in 2026, compared to $2,258 thousand in 2025 . - **Net Cash Used in Financing Activities**: - $2,008 thousand in 2026, compared to - $225 thousand in 2025 . - **Free Cash Flow**: - $7,124 thousand in 2026, compared to - $1,062 thousand in 2025 . - **Free Cash Flow Margin**: -11% in 2026, compared to -2% in 2025 . #### Unique Metrics (as of March 31) - **Dollar-based net revenue retention rate**: 92% in 2026, down from 98% in 2025 . - **Dollar-based gross revenue retention rate**: 89% in 2026, down from 91% in 2025 . - **Adjusted EBITDA**: $3,723 thousand in 2026, up from $1,020 thousand in 2025 . #### Future Outlook and Strategy Weave Communications, Inc. aims to grow by attracting new customers, retaining and expanding its current customer base, adding new products, and expanding into new industry verticals . The company focuses on reducing administrative burdens for healthcare practices through agentic AI, embedded automation, and real-time operational insights, including leveraging AI receptionist technology . 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