Weave Communications Inc. reported total revenue of $61.3 million for the third quarter of 2025, representing a 17.1% increase compared to $52.4 million in the same period of 2024. The company's GAAP gross margin was 72.3%, up from 72.0% in the third quarter of the previous year, while non-GAAP gross margin was 73.0%, compared to 72.5% in the third quarter of 2024. Net cash provided by operating activities reached $6.1 million, an increase of $1.6 million year over year. Free cash flow was $5.0 million, up $1.5 million from the prior year. GAAP loss from operations was $8.9 million, compared to $6.6 million in the third quarter of 2024. Non-GAAP income from operations was $1.7 million, up from $1.4 million in the same period last year. For the fourth quarter of 2025, Weave projects total revenue between $62.4 million and $63.4 million and non-GAAP income from operations between $1.5 million and $2.5 million. Full-year 2025 guidance includes total revenue between $238.0 million and $239.0 million and non-GAAP income from operations between $3.3 million and $4.3 million. The company highlighted progress in its product roadmap and continued focus on AI-powered patient engagement and payment solutions for small and medium-sized healthcare practices.
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