Weave Communications
WEAV on NYSE. Weave sells patient communication and payment software to small healthcare practices. Market value $589m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $1.87 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 52 of 100. Price score: 10 of 100. Our list needs 70 on quality and 60 on price.
$7.38 a share, 74% above its 1-year low
Over the past year the price has ranged from $4.24 to $7.70.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $116m | $142m | $170m | $204m | $239m |
| Operating margin | |||||
| Operating margin | -43.5% | -35.0% | -20.2% | -15.4% | -12.8% |
| Debt to equity | |||||
| Debt to equity | 0.09 | 0.28 | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.07bn | 0.07bn | 0.07bn | 0.08bn | 0.08bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 19.8% a year
- Buying back its own sharesNo, 22% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $68 million last quarter, up 16% on a year ago.
- A loss of $4 million, compared with a loss of $9 million a year ago.
- It loses 8 cents on each $1 of sales, compared with 15 cents a year earlier.
- Spare cash over the past 12 months: $11 million, down from $13 million.
- 5% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $52m |
| December 2024 | $54m |
| March 2025 | $56m |
| June 2025 | $58m |
| September 2025 | $61m |
| December 2025 | $63m |
| March 2026 | $66m |
| June 2026 | $68m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$6m |
| December 2024 | -$7m |
| March 2025 | -$9m |
| June 2025 | -$9m |
| September 2025 | -$9m |
| December 2025 | -$2m |
| March 2026 | -$6m |
| June 2026 | -$4m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 5 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 185 funds in all.
- Engine CapitalArnaud Ajdler
- Value
- $6m
- Share of fund
- 0.6%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Engine CapitalArnaud Ajdler | $6m | 0.6% | |
| GAMCO InvestorsMario Gabelli | $95,840 | <0.1% | Cut |
Largest holders overall
- Newtyn Management$41mCut
- BlackRock$32mAdded
- Crosslink Capital$26m
- Disciplined Growth Investors$18mAdded
- Vanguard Capital Management$17mAdded
- Vanguard Portfolio Management$17mAdded
- Marshall Wace, LLP$15mAdded
- Frontier Capital Management$15mAdded
- Gumshoe Capital Management$13mCut
- State Street$12mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Newtyn Management, LLCPassive investorat least 8.0%(filed with 1 related holder)Since 13 March 2026
- BlackRock, Inc.Passive investor5.6%Since 30 June 2025
- Michael J. Starkat least 5.5%+0.8 pts(filed with 2 related holders)Since 17 August 2026
What they said
Item 4 of the Statement is hereby amended and supplemented as follows: Agreement and Plan of Merger On August 18, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Willow Parent, LLC, a Delaware limited liability company ("Parent"), and…
Read the filing - Blake G ModersitzkiPassive investorat least 4.8%−0.6 pts(filed with 7 related holders)Since 31 March 2025
- Wasatch Advisors LPPassive investorSold down below 5%Since 31 December 2025
- FMR LLCPassive investorSold down below 5%Since 27 February 2026
- Brian RichPassive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- Bessemer Venture Partners IX L.P.Passive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
Newtyn Management, LLC Passive investor | at least 8.0% (filed with 1 related holder) | 13 March 2026 | |
BlackRock, Inc. Passive investor | 5.6% | 30 June 2025 | |
Michael J. Stark | at least 5.5%+0.8 pts (filed with 2 related holders) | 17 August 2026 | What they saidItem 4 of the Statement is hereby amended and supplemented as follows: Agreement and Plan of Merger On August 18, 2026, the Issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with Willow Parent, LLC, a Delaware limited liability company ("Parent"), and… Read the filing |
Blake G Modersitzki Passive investor | at least 4.8%−0.6 pts (filed with 7 related holders) | 31 March 2025 | |
Wasatch Advisors LP Passive investor | Sold down below 5% | 31 December 2025 | |
FMR LLC Passive investor | Sold down below 5% | 27 February 2026 | |
Brian Rich Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
Bessemer Venture Partners IX L.P. Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 3 sold $545,131, $66,247 of it under preset trading plans.
- McNeil Joseph DavidChief Revenue OfficerSold
- Date
- 6 March 2026
- Shares
- 25,000
- Price
- $5.53
- Value
- $138,250
- Goodsell ErinChief Legal Officer & Corp.SecSoldunder a preset trading plan
- Date
- 22 December 2025
- Shares
- 9,615
- Price
- $6.89
- Value
- $66,247
- Newton TylerDirectorSold
- Date
- 5 November 2025
- Shares
- 50,993
- Price
- $6.68
- Value
- $340,633
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 6 March 2026 | McNeil Joseph David Chief Revenue Officer | Sold | 25,000 | $5.53 | $138,250 |
| 22 December 2025 | Goodsell Erin Chief Legal Officer & Corp.Sec | Sold under a preset trading plan | 9,615 | $6.89 | $66,247 |
| 5 November 2025 | Newton Tyler Director | Sold | 50,993 | $6.68 | $340,633 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.