One-glance verdict
Within fair range
$4.81 our estimate vs market $7.40
Wall Street consensus: $7.40 (53.9% higher than our fair-value estimate)
54% above our estimate
Fundamentals snapshot
Weave Communications, Inc.
WEAV · NYQ · Healthcare · Health Information Services
Current price
$7.40
52-week range
$4.24 - $7.70
Market cap
$595.33M
Balance sheet
Healthy
-18.01x Concerning
Net cash $27.09M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 7.8% last year.
- Reward Free cash flow was positive in 3/10 years.
- Risk Return on equity was -25.1% last year — the company lost money on shareholders' equity.
What this company does
Weave Communications, Inc.
Weave Communications provides a technology platform that helps small healthcare offices manage patient communication, from calls and texts to payments and appointment scheduling. The money primarily comes from monthly fees for these services, which is important because it means the company has predictable income each month, like a regular paycheck for a business. This predictability helps them plan for the future and invest in making their services even better for doctors' offices.
How the company got here
Weave Communications, Inc. started in 2008, originally as Recall Solutions, LLC, before rebranding in October 2015. The company was founded with the goal of improving how small and medium-sized healthcare practices communicate with their patients. It recognized a gap in how these smaller offices, often juggling many tasks, could efficiently manage patient interactions and administrative work. Weave aimed to provide a unified technology solution to streamline these processes, moving beyond basic phone systems to a more integrated communication and payment platform.
What it actually does
Weave provides a technology platform designed to help small and medium-sized healthcare offices communicate better with their patients and manage payments. Think of it as a digital assistant for a doctor's or dentist's office that handles phone calls, text messages, appointment scheduling, and even collecting payments. It uses artificial intelligence (AI) to automate tasks, making it easier for practices to stay connected with patients, reduce administrative burdens, and improve the overall patient experience. The goal is to help these businesses run more smoothly and efficiently.
Communications Platform
This is the core of Weave's business, offering a suite of tools to manage patient interactions. It includes a smart phone system that can identify callers and provide information, a way for staff to make and receive calls from anywhere using softphones (phone software on a computer), and text messaging capabilities. This segment also encompasses features like automated replies to missed calls or texts, and team chat for internal office communication. Essentially, it's about ensuring seamless and efficient communication between the healthcare practice and its patients, handling everything from initial contact to follow-ups.
Patient Engagement & Payments
Beyond just communication, Weave helps practices engage with patients and handle financial transactions. This part of the business includes tools for requesting and responding to online reviews, sending out email marketing campaigns, and allowing patients to interact directly through their website. It also offers Weave Payments, a system for processing patient payments, and digital forms to collect necessary information before appointments. Online scheduling and appointment reminders are also key features, making it easier for patients to book and manage their visits, which in turn helps practices fill their schedules and get paid.
Analytics and Enterprise Solutions
Weave also provides tools to help practices understand their performance and manage multiple locations. Practice Analytics offers real-time data on important metrics like how many patients are returning, how successful appointment scheduling is, and how much revenue is being generated. Call Intelligence helps analyze phone conversations for insights. For larger organizations with multiple offices, such as dental service organizations or veterinary groups, Weave Enterprise offers a way to manage communications and operations across all locations from a single platform.
What management is betting on now
Weave's management is focused on expanding its AI capabilities to further automate patient communications and administrative tasks. They are betting on deepening the integration of their platform, making it an indispensable tool for small and medium-sized healthcare practices. The strategy involves enhancing features like the AI receptionist and payment processing to improve efficiency and patient satisfaction. By offering a comprehensive, easy-to-use system, Weave aims to capture a larger share of the healthcare technology market, particularly among practices looking to modernize their operations and improve patient relationships.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$3.95M
FY2024 Q4
$6.29M
FY2025 Q1
$-663.00K
FY2025 Q2
$4.90M
FY2025 Q3
$5.79M
FY2025 Q4
$5.12M
FY2026 Q1
$-6.23M
FY2026 Q2
$9.61M
Revenue
$67.54M
Net income
$-4.26M
Diluted EPS
-0.05
Operating cash flow
$10.24M
Free cash flow
$9.61M
Fetching…
Sources
Revenue
$65.50M
Net income
$-5.77M
Diluted EPS
-0.07
Operating cash flow
$-5.71M
Free cash flow
$-6.23M
Fetching…
Sources
Revenue
$63.40M
Net income
$-1.85M
Diluted EPS
-0.03
Operating cash flow
$6.25M
Free cash flow
$5.12M
Fetching…
Sources
Revenue
$61.34M
Net income
$-8.67M
Diluted EPS
-0.11
Operating cash flow
$6.07M
Free cash flow
$5.79M
Fetching…
Sources
Revenue
$58.47M
Net income
$-8.71M
Diluted EPS
-0.11
Operating cash flow
$5.45M
Free cash flow
$4.90M
Fetching…
Sources
Revenue
$55.81M
Net income
$-8.82M
Diluted EPS
-0.12
Operating cash flow
$-219.00K
Free cash flow
$-663.00K
Fetching…
Sources
Revenue
$54.17M
Net income
$-6.71M
Diluted EPS
-0.10
Operating cash flow
$6.67M
Free cash flow
$6.29M
Fetching…
Sources
Revenue
$52.39M
Net income
$-5.88M
Diluted EPS
-0.08
Operating cash flow
$4.50M
Free cash flow
$3.95M
Fetching…
Sources
Is it cheap or expensive?
Fair value $4.81 vs current price $7.40
Wall Street consensus is the average analyst price target: $7.40 (53.9% higher than our fair-value estimate).
Our most-likely fair value is $4.81 a share — about 35.0% away from today's price of $7.40, so the stock currently looks fairly priced.
Is it drowning in debt?
Healthy
Net cash $27.1M - more cash than debt. Interest coverage -18.0x.
Net debt
$-27.09M
Interest coverage
-18.01x
Weave Communications, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
WEAV
BASELINE
Weave Communications, Inc.
Total debt $51.38M Interest coverage -18.01x This is the baseline the peer rows are being compared against.
Total debt $67.95M Interest coverage -0.95x Neither company has much profit cushion over interest right now.
Total debt $218.81M Interest coverage -3.08x Neither company has much profit cushion over interest right now.
Total debt $9.67M Interest coverage 6.02x This peer still has a real interest-payment cushion, while WEAV does not.
What you should know
The case for and against WEAV
2 Rewards
1 Risk
Rewards
-
Revenue grew 7.8% last year.
-
Free cash flow was positive in 3/10 years.
Risks
-
Return on equity was -25.1% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
29.90x
P/B
6.96x
P/S
2.31x
EV/EBITDA
-59.24x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
72.4%
Operating margin
-6.2%
Net margin
-8.0%
ROE
-25.1%
ROA
-6.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.60x
Current ratio
1.25x
Quick ratio
0.99x
Total debt
$51.38M
Total cash
$78.47M
Growth
How the business has been compounding
Revenue TTM
$257.79M
Revenue 5Y CAGR
19.8%
EPS TTM
-0.26
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$16.85M
Free CF TTM
$15.15M
FCF margin
5.9%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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