Weave Communications, Inc. · NYSE:WEAV
Weave Communications — Q4 2025 Earnings Presentation
55 slides from Weave Communications's earnings presentation, Feb 19, 2026
Slide 1: Weave Overview Q4 2025
Weave Overview Q4 2025 NYSE : WEAV FEBRUARY 2026 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Weave Communications, Inc. (“Weave”, “we”, “us”, or “our”) for informational purposes only and not for any other purpose. This presentation contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995 t
Slide 3: Our vision
Our vision Elevate the patient experience through a unified platform that improves business operations so healthcare professionals can focus on patient care and realize their dreams. FEBRUARY 2026 3
Slide 4: A better healthcare experience. Every practice. Every patient. Every interaction.
A better healthcare experience. Every practice. Every patient. Every interaction. Who we are Leading vertical platform that delivers $239M AI-powered patient engagement and FY’25 Total Revenue payment solutions for small and 17% YoY Growth medium-sized healthcare practices. What we do Help practices
Slide 5: Investor highlights
Investor highlights AI Powered Multiple New Resilient Efficiently Scaling Communication & Vectors of Growth Customer Base the Business Payments Platform Expanding through specialty SMB healthcare practices Effectively balancing growth medical verticals, payments, have proven resilient despite while dr
Slide 6: Financial Update
Financial Update $63.4M $60.6M 89% Q4’25 Total Revenue Q4’25 Software & Payments Revenue Q4’25 Gross Revenue Retention Rate 17% YoY Growth 16% YoY Growth 73.3% $4.4M $2.3M Q4’25 Non-GAAP Gross Margin Q4’25 Free Cash Flow Q4’25 Non-GAAP Operating Income 70 bps Improvement YoY $1.7M YoY Decrease $500K
Slide 7: Our Customer
Our Customer FEBRUARY 2026 7
Slide 8: We serve those who serve others.
We serve those who serve others. Our customers are healthcare practitioners in Dental, Optometry, Veterinary and Specialty Medical Practices. 8
Slide 9: Running a modern healthcare practice is complicated
Running a modern healthcare practice is complicated Delivering consistent growth Accelerating revenue cycles Elevating patient experiences Optimizing operations FEBRUARY 2026 9
Slide 10: Practices have to manage a patchwork of point solutions
Practices have to manage a patchwork REVIEWS BirdEye Podium GatherUp of point solutions Running a healthcare business means deploying, managing, and paying for a patchwork of point solutions, often without Square Clover Vagaro Setmore dedicated IT, business intelligence, finance, PAYMENTS SCHEDULING
Slide 11: No-shows, cancellations, and fluctuating demand make it challenging to keep schedules full
No-shows, cancellations, and fluctuating demand make it challenging to keep schedules full 1in 3 Practices miss 1 out of 3 300 The average dental practice 47% 47% of bookings occur 80% Nearly 80% of missed calls calls during business hours misses 300 calls a month after hours are related to booking r
Slide 12: The patient experience is ready for an upgrade
The patient experience is ready for an upgrade 60% of Americans find the process of seeing a new healthcare provider to be frustrating 60% 79% want the ability to use technology when managing their healthcare experience 79% 52% say kindness from the office staff is important when meeting with healthcar
Slide 13: Weave is a unified platform purpose built for SMB healthcare practices
Weave is a unified platform purpose built for SMB healthcare practices. Reviews. Phones. Texting. Reminders. Payments. Analytics. AI. FEBRUARY 2026 13
Slide 14: Weave streamlines operations and elevates patient experiences
Weave streamlines operations and elevates patient experiences Immediately respond to patients Send an automatic text message Reduce no-shows asking how you can help when you Automatically send customer miss a call or a text from a patient. appointment reminders and get confirmations by text. Easy adv
Slide 15: Weave streamlines operations and elevates practice experiences
Weave streamlines operations and elevates practice experiences Optimize operations Call, message, and practice analytics provide powerful insights Get paid faster to make smarter decisions. Flexible payment options improve treatment plan acceptance and text-to pay and reminders speed up payments wit
Slide 16: Built to scale
Built to scale Single login to manage all locations and settings Consolidate phones, forms, faxes, reminders, texting, and team communication Centralized inbox for messages across locations Centralized management of reviews, and appointment requests Unify payment requests FEBRUARY 2026 16
Slide 17: America's largest dental support organization
Case Study America’s largest dental support organization for tooth replacement solutions 42 states Appointment no-shows decreased by 36% Weave is the platform of record for patient 97% of forms are completed prior to appointment communications, engagement, and payments for Affordable Care, America’s
Slide 18: Artificial intelligence is the catalyst for a new era in healthcare
From First Call to Final Treatment ‘Artificial intelligence is the catalyst for a new era in healthcare.’ Dr. Matt Nejad, DDS FEBRUARY 2026 18
Slide 19: AI-powered tools that actually help
AI-powered tools that actually help Response Assistant Voicemail Transcriptions Call Intelligence Weave acquired Drafts responses to online Allows front desk staff to quickly Analyzes call TrueLark reviews to help practices more and privately read voicemails—ideal recordings, detects Accelerating ea
Slide 20: Over a decade of patient interactions
Over a decade of patient interactions—billions of calls, voicemails, and texts—fine tune our large language models. FEBRUARY 2026 20
Slide 21: Missed calls = missed opportunities
Missed calls = missed opportunities Our AI Receptionist works around the clock,. ensuring every missed call is responded to promptly. FEBRUARY 2026 21
Slide 22: Make marketing budgets go farther
Make marketing budgets go farther Our AI Receptionist sends an instant text message to new leads, allowing them to book appointments directly within the text conversation. If a patient doesn’t book in the initial conversation, our AI Receptionist follows-up with a helpful SMS to keep the conversatio
Slide 23: Accomplish more with limited time
Accomplish more with limited time of patient calls fielded by our AI 80% Receptionist don’t require staff follow-up FEBRUARY 2026 23
Slide 24: Case Study
Case Study ‘TrueLark is our complete call handling solution. We call it a project goalkeeper or ‘no patient left behind.’ It pays for itself if just one new patient shows up.’ Myles McAllister, COO at SGA Dental Partners $500,000 $5,000 900 Annual increase in Additional revenue New patients in EBITD
Slide 25: Case Study
Case Study ‘On a monthly basis, TrueLark books or reschedules over 1200 appointments for us. And somebody at the front desk would otherwise be doing that. So there’s a tremendous amount of cost savings.’ Phillip Toh, Co-founder 1200 appointments booked monthly by TrueLark FEBRUARY 2026 25
Slide 26: Weave TAM
Weave TAM International Future TAM Opportunity Target international healthcare SMBs. Target Markets $22B 1,4 (DOVM) Further Expanding TAM Significant opportunity to expand TAM within medical verticals beyond Weave’s current focus markets. DOV + All Medical (US) $10B 3 Growing Opportunity in Current T
Slide 27: As we create more value, our opportunity grows
As we create more value, our opportunity grows FEBRUARY 2026 27
Slide 28: Why Weave
Why Weave FEBRUARY 2026 28
Slide 29: Modernized tech stack and intuitive user experience
What makes us unique Modernized tech stack and intuitive user experience FEBRUARY 2026 29
Slide 30: Authorized integrations. More customer value.
Authorized integrations. More customer value. With over 85 integration partners, including the industry’s biggest names, we can work with almost any customer’s preferred system of record. FEBRUARY 2026 30
Slide 31: We manage the trusted practice phone number.
What makes us unique We manage the trusted practice phone number. Communications come from a single, recognizable source. FEBRUARY 2026 31
Slide 32: Payments integrated into communication workflows
What makes us unique Payments integrated into communication workflows FPO JULY 2025 32
Slide 33: Weave leads the G2 Grid for Patient Relationship Management
Weave leads the G2 Grid® for Patient Relationship Management Market Presence Source: G2 Grid for Patient Relationship Management (PRM) Satisfaction FEBRUARY 2026 33
Slide 34: The future of healthcare operations
The future of healthcare operations FEBRUARY 2026 34
Slide 35: What the future looks like for our customers
What the future looks like for our customers AI Treatment Planning AI-powered diagnostic tools will analyze patient data to recommend optimized treatment plans and AI Billing and Payments predict long-term outcomes. AI-powered billing systems will streamline invoicing, automate collections, and prev
Slide 36: What the future looks like for our customers
What the future looks like for our customers AI Insurance Verification and Claims AI-driven claims processing will verify patient coverage and expedite reimbursements. AI Scheduling Predictive AI scheduling will optimize appointment bookings and reduce cancellations. AI Marketing AI-powered tools aut
Slide 37: From friction to fulfillment
From friction to fulfillment Patient AI Agent Available 24/7 The AI-powered future is designed to help healthcare practices better serve people. In the AI-powered future, practitioners and their teams will gain back critical time that could be spent serving their patients. Staff focus on valuable pat
Slide 38: Financials
Financials FEBRUARY 2026 38
Slide 39: Our growth vectors
Our growth vectors Specialty Integration Payments Multi-location AI-powered medical verticals partnerships practices innovations FEBRUARY 2026 39
Slide 40: Topline Revenue Growth at Scale
Topline Revenue Growth 17% at Scale ($M) $63.4 $61.3 $58.5 Q4—2025 $55.8 $54.2 17% $52.4 YoY Revenue Growth $50.6 $47.2 $45.7 Q4—23 Q1—24 Q2—24 Q3—24 Q4—24 Q1—25 Q2—25 Q3—25 Q4—25 FEBRUARY 2026 40
Slide 41: Our Path to Profitability
Our Path to Profitability —Operating margin Q4—23 Q1—24 Q2—24 Q3—24 Q4—24 Q1—25 Q2—25 Q3—25 Q4—25 2.7% 3.3% 0.1% 0.1% 2.7% 3.6% 3.4% 1.9% 2.9% 3.8% 12.7% 13.6% 14.6% 17.4% 16.7% 17.5% 17.3% 18.3% GAAP Op Margin% Non-GAAP Op Margin % FEBRUARY 2026 41
Slide 42: Strong Progress on Gross Margin
Strong Progress on Gross Margin +70 basis points 73.3% 72.6% 73.0% 72.5% 72.1% 72.3% 72.0% 72.1% 72.3% 72.7% 71.6% 71.7% 71.9% 71.4% 70.4% 69.9% 69.7% 69.1% Q4—23 Q1—24 Q2—24 Q3—24 Q4—24 Q1—25 Q2—25 Q3—25 Q4—25 GAAP GM% Non-GAAP GM% 58% Non-GAAP Gross Margin at IPO (2021) FEBRUARY 2026 42
Slide 43: Improving Cash Flows
Improving Cash Flows ($M) $17.5 $14.1 $12.9 $10.2 $10.4 $6.5 $12.8 $15.9 $20.4 $30.2 2021 2022 2023 2024 2025 Free Cash Flow Cash from Operations FEBRUARY 2026 43
Slide 44: Est. 2008, 39K+ Customer locations
Est. 2008 39K+ Customer locations 1 1. As of 12/31/2025 FEBRUARY 2026 44
Slide 45: People First. Always.
People First. Always. FEBRUARY 2026 45
Slide 46: Weave Milestones
Weave Milestones 2023 Weave reaches 2014 2017 2021 more than 31,000 customer locations Weave becomes the Weave reaches November 11th, first Utah company 5,000 customer Weave lists on the 2008 to graduate from Y locations 2019 NYSE under ticker 2025 Combinator, a prestigious symbol “WEAV” startup acce
Slide 47: Leadership team
Leadership team Brett White Jason Christiansen Marcus Bertilson Abhi Sharma Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Technology Officer Chris Baird Brooke Shreeve David McNeil Chief Marketing Officer Chief People Officer Chief Revenue Officer FEBRUARY 2026 47
Slide 48: Appendix
Appendix FEBRUARY 2026 48
Slide 49: Revenue and Operating Income Guidance
Revenue and Operating Income Guidance FEBRUARY 2026 49
Slide 50: Operating Income (Loss) Reconciliation (Non-GAAP)
Operating Income (Loss) Reconciliation (Non-GAAP) (in thousands) FEBRUARY 2026 50
Slide 51: Free Cash Flow Reconciliation (Non-GAAP)
Free Cash Flow Reconciliation (Non-GAAP) (in thousands) FEBRUARY 2026 51
Slide 52: Disaggregated Revenue and Cost of Revenue (GAAP)
Disaggregated Revenue and Cost of Revenue (GAAP) (in thousands) FEBRUARY 2026 52
Slide 53: Adjusted EBITDA (Non-GAAP)
Adjusted EBITDA (Non-GAAP) (in thousands) FEBRUARY 2026 53
Slide 54: Gross Margin Reconciliation (Non-GAAP)
Gross Margin Reconciliation (Non-GAAP) (in thousands) FEBRUARY 2026 54
Slide 55: Thank you
Thank you FEBRUARY 2026 55