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Weave Communications (WEAV) Revenue & Revenue Breakdown

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Weave Communications Revenue Highlights

Latest Revenue (Y)

$170.47M

Latest Revenue (Q)

$52.39M

Main Segment (Y)

Subscription And Payment Processing

Weave Communications Revenue by Period

Weave Communications Revenue by Year

DateRevenueChange
2023-12-31$170.47M19.95%
2022-12-31$142.12M22.65%
2021-12-31$115.87M45.03%
2020-12-31$79.90M74.65%
2019-12-31$45.75M-

Weave Communications generated $170.47M in revenue during NA 2023, up 19.95% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Weave Communications Revenue by Quarter

DateRevenueChange
2024-09-30$52.39M3.56%
2024-06-30$50.59M7.24%
2024-03-31$47.17M3.24%
2023-12-31$45.69M4.93%
2023-09-30$43.54M4.50%
2023-06-30$41.67M5.31%
2023-03-31$39.56M4.99%
2022-12-31$37.69M4.02%
2022-09-30$36.23M3.72%
2022-06-30$34.93M4.98%
2022-03-31$33.27M4.50%
2021-12-31$31.84M5.08%
2021-09-30$30.30M7.99%
2021-06-30$28.06M9.32%
2021-03-31$25.67M7.97%
2020-12-31$23.77M11.15%
2020-09-30$21.39M17.12%
2020-06-30$18.26M5.14%
2020-03-31$17.37M-

Weave Communications generated $52.39M in revenue during Q3 2024, up 3.56% compared to the previous quarter, and up 125.73% compared to the same period a year ago.

Weave Communications Revenue Breakdown

Weave Communications Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Onboarding$3.23M$1.29M$3.69M
Subscription And Payment Processing$162.72M$136.59M$108.84M
Product$4.50M$4.20M$3.30M

Weave Communications's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription And Payment Processing (95.46%), Product (2.64%), and Onboarding (1.90%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Onboarding$845.00K$960.00K$824.00K$757.00K$867.00K$784.00K$429.00K$278.00K$319.00K$262.00K$599.00K$1.02M
Subscription And Payment Processing$50.38M$45.09M$43.73M$41.60M$39.70M$37.69M$36.16M$34.94M$33.54M$31.95M$30.33M$28.38M
Phone Hardware Lease---------$1.06M--
Product----------$900.00K$900.00K

Weave Communications's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Subscription And Payment Processing (98.35%), and Onboarding (1.65%).

Weave Communications Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
KCKingsoft Cloud$7.05B$1.78B
NICENICE$2.38B$659.31M
SMARSmartsheet$958.34M$286.87M
EGHT8x8$728.71M$181.00M
FRSHFreshworks$596.43M$186.57M
BRZEBraze$471.80M$152.05M
CWANClearwater Analytics$368.17M$115.83M
SPTSprout Social$333.64M$102.64M
VTEXVTEX$201.52M$52.65M
ENFNEnfusion$174.53M$51.17M
MITKMitek Systems$172.08M$44.98M
WEAVWeave Communications$170.47M$52.39M
ONTFON24$163.71M$37.35M
EXFYExpensify$150.69M$35.41M
LAWCS Disco$138.09M$36.27M

WEAV Revenue FAQ

What is Weave Communications’s yearly revenue?

Weave Communications's yearly revenue for 2023 was $170.47M, representing an increase of 19.95% compared to 2022. The company's yearly revenue for 2022 was $142.12M, representing an increase of 22.65% compared to 2021. WEAV's yearly revenue for 2021 was $115.87M, representing an increase of 45.03% compared to 2020.

What is Weave Communications’s quarterly revenue?

Weave Communications's quarterly revenue for Q3 2024 was $52.39M, a 3.56% increase from the previous quarter (Q2 2024), and a 20.31% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $50.59M, a 7.24% increase from the previous quarter (Q1 2024), and a 21.41% increase year-over-year (Q2 2023). WEAV's quarterly revenue for Q1 2024 was $47.17M, a 3.24% increase from the previous quarter (Q4 2023), and a 19.23% increase year-over-year (Q1 2023).

What is Weave Communications’s revenue growth rate?

Weave Communications's revenue growth rate for the last 3 years (2021-2023) was 47.12%, and for the last 5 years (2019-2023) was 272.64%.

What are Weave Communications’s revenue streams?

Weave Communications's revenue streams in c 23 are Onboarding, Subscription And Payment Processing, and Product. Onboarding generated $3.23M in revenue, accounting 1.90% of the company's total revenue, up 150.93% year-over-year. Subscription And Payment Processing generated $162.72M in revenue, accounting 95.46% of the company's total revenue, up 19.12% year-over-year. Product generated $4.5M in revenue, accounting 2.64% of the company's total revenue, up 7.14% year-over-year.

What is Weave Communications’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Weave Communications was Subscription And Payment Processing. This segment made a revenue of $162.72M, representing 95.46% of the company's total revenue.