Weave Communications (WEAV)
Market Price (8/19/2026): $7.285 | Market Cap: $580.1 MilSector: Health Care | Industry: Health Care Technology
Weave Communications (WEAV)
Market Price (8/19/2026): $7.285Market Cap: $580.1 MilSector: Health CareIndustry: Health Care Technology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more. | Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -119% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.3% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 26x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.1% Key risksWEAV key risks include [1] its persistent unprofitability with no clear path to breakeven, Show more. |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more. |
| Weak multi-year price returns2Y Excs Rtn is -92%, 3Y Excs Rtn is -119% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -21 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -8.3% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 26x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.1% |
| Key risksWEAV key risks include [1] its persistent unprofitability with no clear path to breakeven, Show more. |
Qualitative Assessment
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Weave Communications (WEAV) stock has gained about 50% since 4/30/2026 because of the following key factors:
1. Acquisition by Francisco Partners at a significant premium.
On August 18, 2026, Weave Communications announced a definitive agreement to be acquired by Francisco Partners for approximately $650 million. Under the terms of the agreement, Weave stockholders are set to receive $7.40 per share in cash, representing a premium of approximately 34% to the unaffected closing stock price on August 17, 2026.
2. Strong financial performance in fiscal Q2 2026.
Weave reported robust results for the second quarter of 2026 (ended June 30, 2026), released on August 6, 2026. The company achieved total revenue of $67.5 million, marking a 15.5% year-over-year increase from $58.5 million in fiscal Q2 2025. Non-GAAP income from operations significantly improved to $3.2 million, compared to $0.1 million in the prior year's quarter. Additionally, Weave reported an EPS of $0.04, which met or slightly exceeded analyst consensus estimates.
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Weave Communications (WEAV) stock has gained about 50% since 4/30/2026 because of the following key factors:
1. Acquisition by Francisco Partners at a significant premium.
On August 18, 2026, Weave Communications announced a definitive agreement to be acquired by Francisco Partners for approximately $650 million. Under the terms of the agreement, Weave stockholders are set to receive $7.40 per share in cash, representing a premium of approximately 34% to the unaffected closing stock price on August 17, 2026.
2. Strong financial performance in fiscal Q2 2026.
Weave reported robust results for the second quarter of 2026 (ended June 30, 2026), released on August 6, 2026. The company achieved total revenue of $67.5 million, marking a 15.5% year-over-year increase from $58.5 million in fiscal Q2 2025. Non-GAAP income from operations significantly improved to $3.2 million, compared to $0.1 million in the prior year's quarter. Additionally, Weave reported an EPS of $0.04, which met or slightly exceeded analyst consensus estimates.
3. Outperformance in fiscal Q1 2026 earnings.
At the start of the specified period, Weave Communications reported its fiscal Q1 2026 earnings on April 30, 2026. The company posted an earnings per share (EPS) of $0.03, significantly exceeding analysts' expectations of -$0.02, representing a positive earnings surprise of 250%.
4. Sustained growth in AI-powered platform and customer locations.
Throughout the period, Weave continued to highlight its position as a leading AI-powered patient engagement and payments platform for healthcare practices. In fiscal Q2 2026, the company added the most new locations ever in a single quarter, both gross and net. Its payments business accelerated at roughly twice the rate of total revenue growth, and AI-powered features on the platform increased by 70% year-over-year.
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Stock Movement Drivers
Fundamental Drivers
The 48.3% change in WEAV stock from 4/30/2026 to 8/18/2026 was primarily driven by a 40.0% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.91 | 7.28 | 48.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 239 | 258 | 7.8% |
| P/S Multiple | 1.6 | 2.2 | 40.0% |
| Shares Outstanding (Mil) | 78 | 80 | -1.8% |
| Cumulative Contribution | 48.3% |
Market Drivers
4/30/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| WEAV | 48.3% | |
| Market (SPY) | 6.8% | -13.1% |
| Sector (XLV) | 16.3% | 18.0% |
Fundamental Drivers
The 12.0% change in WEAV stock from 1/31/2026 to 8/18/2026 was primarily driven by a 12.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.50 | 7.28 | 12.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 230 | 258 | 12.2% |
| P/S Multiple | 2.2 | 2.2 | 2.8% |
| Shares Outstanding (Mil) | 77 | 80 | -2.9% |
| Cumulative Contribution | 12.0% |
Market Drivers
1/31/2026 to 8/18/2026| Return | Correlation | |
|---|---|---|
| WEAV | 12.0% | |
| Market (SPY) | 11.2% | 3.1% |
| Sector (XLV) | 10.1% | 14.8% |
Fundamental Drivers
The -0.3% change in WEAV stock from 7/31/2025 to 8/18/2026 was primarily driven by a -11.1% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.30 | 7.28 | -0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 213 | 258 | 21.1% |
| P/S Multiple | 2.5 | 2.2 | -11.1% |
| Shares Outstanding (Mil) | 74 | 80 | -7.3% |
| Cumulative Contribution | -0.3% |
Market Drivers
7/31/2025 to 8/18/2026| Return | Correlation | |
|---|---|---|
| WEAV | -0.3% | |
| Market (SPY) | 22.4% | 14.1% |
| Sector (XLV) | 31.8% | 15.3% |
Fundamental Drivers
The -39.3% change in WEAV stock from 7/31/2023 to 8/18/2026 was primarily driven by a -57.8% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8182026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.00 | 7.28 | -39.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 148 | 258 | 73.7% |
| P/S Multiple | 5.3 | 2.2 | -57.8% |
| Shares Outstanding (Mil) | 66 | 80 | -17.2% |
| Cumulative Contribution | -39.3% |
Market Drivers
7/31/2023 to 8/18/2026| Return | Correlation | |
|---|---|---|
| WEAV | -39.3% | |
| Market (SPY) | 73.6% | 32.6% |
| Sector (XLV) | 32.5% | 21.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WEAV Return | -19% | -70% | 150% | 39% | -52% | -27% | -71% |
| Peers Return | -34% | -54% | 13% | 17% | -13% | 11% | -61% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| WEAV Win Rate | 0% | 50% | 50% | 58% | 33% | 38% | |
| Peers Win Rate | 38% | 28% | 43% | 48% | 47% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WEAV Max Drawdown | - | -80% | -44% | -38% | -68% | -42% | |
| Peers Max Drawdown | -60% | -70% | -48% | -31% | -43% | -37% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PHR, EVCM, RNG, LSPD, TOST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/18/2026 (YTD)
How Low Can It Go
| Event | WEAV | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.5% | -9.5% |
| % Gain to Breakeven | 59.9% | 10.5% |
| Time to Breakeven | 46 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.1% | -6.7% |
| % Gain to Breakeven | 31.8% | 7.1% |
| Time to Breakeven | 7 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -79.2% | -24.5% |
| % Gain to Breakeven | 379.9% | 32.4% |
| Time to Breakeven | 890 days | 427 days |
In The Past
Weave Communications's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
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Asset Allocation
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| Event | WEAV | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -37.5% | -9.5% |
| % Gain to Breakeven | 59.9% | 10.5% |
| Time to Breakeven | 46 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.1% | -6.7% |
| % Gain to Breakeven | 31.8% | 7.1% |
| Time to Breakeven | 7 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -79.2% | -24.5% |
| % Gain to Breakeven | 379.9% | 32.4% |
| Time to Breakeven | 890 days | 427 days |
In The Past
Weave Communications's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Weave Communications (WEAV)
Weave Communications, Inc. (WEAV) offers a comprehensive software platform designed for small and medium-sized businesses (SMBs) in the United States and Canada. Its primary function is to enhance customer communications and engagement while minimizing the time and effort SMBs spend on manual administrative tasks. Essentially, Weave provides an all-in-one solution to help these businesses better connect with their customers, streamline operations, and drive growth through improved interaction management.
The company's platform integrates a variety of essential tools. Key offerings include a "smart" phone system that identifies callers and manages call volumes, robust text messaging capabilities for customer communication, and a mobile app to facilitate calls, texts, and payment requests on the go. Additionally, Weave provides solutions for reputation management through Weave Reviews, email marketing, and online appointment requests. It also features tools for internal team messaging and automated digital forms to simplify data collection.
Beyond communication, Weave offers integrated payment processing with Weave Payments, alongside customer insights and analytics tools. These features help businesses collect payments faster, gain a deeper understanding of customer engagement, and identify operational needs such as unscheduled treatments or unpaid invoices. Weave primarily serves specialized service industries, including dental, optometry, veterinary, physical therapy, home services, audiology, medical specialties, and podiatry, tailoring its platform to meet the unique needs of these professional environments.
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- HubSpot for local service businesses.
- Square, but focused on customer communication and front-office operations for service-based SMBs.
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- Customized Phone System: A smart phone system designed to identify callers, provide information, and manage heavy call times for businesses.
- Weave Text Messaging: A service enabling businesses to communicate with customers through text messages.
- Weave Missed Call Text: Automatically sends a text message to customers who have missed a call, prompting real-time action.
- Weave Team: A group messaging solution that facilitates internal communication among business team members.
- Weave Mobile App: A mobile application allowing businesses to text customers, request payments, and manage calls on the go.
- Weave Reviews: A platform for businesses to request, collect, monitor, and respond to customer reviews.
- Weave Email Marketing: An email system for businesses to execute and manage marketing campaigns.
- Web Assistant & Text Connect: Tools that enable online interaction with customers directly through a business's website for appointment requests and communication.
- Weave Payments: A payment processing solution designed to streamline customer transactions.
- Customer Insights: A service that helps businesses collect payments faster, improve personalized engagement, and recommend follow-up actions.
- Analytics: Provides tools to identify unscheduled treatments, canceled appointments, unpaid invoices, and other operational needs.
- Digital Forms: Enables customers to fill out critical information electronically.
- Scheduling: A feature that sends automatic appointment reminders via text message or email.
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Weave Communications (WEAV) sells primarily to other companies, specifically small and medium-sized businesses (SMBs).
The provided information does not list specific major customer company names. However, Weave Communications serves customers across the following industries:
- Dental practices
- Optometry practices
- Veterinary practices
- Physical therapy clinics
- Home services businesses
- Audiology clinics
- Medical specialty services
- Podiatry clinics
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Brett White, Chief Executive Officer
Brett White has been the CEO of Weave since October 2022, after serving as President and Chief Operating Officer, and a member of the board of directors since July 2020. Prior to Weave, Mr. White held executive-level positions at various technology companies. He served as the Chief Financial Officer for Mindbody, Inc. from July 2013, and also as its Chief Operating Officer from 2016 to 2020. Mindbody, Inc. was later acquired by Vista Equity Partners. His background also includes roles as Chief Financial Officer at Meru Networks (which was acquired by Fortinet, Inc.) and Vice President of Finance at Oracle. Mr. White’s career demonstrates a pattern of managing companies, including those with private equity backing and those that were acquired.
Jason Christiansen, Chief Financial Officer
Jason Christiansen is Weave's Chief Financial Officer, a role he assumed in a planned succession at the end of Q1 2025. Before becoming CFO, he served as Weave's Vice President of Finance for three years, playing a pivotal role in the company's IPO and driving key corporate initiatives, including developing Weave's payments business strategy. Prior to joining Weave, Jason held senior leadership roles at inContact and NICE, where he gained extensive experience scaling SaaS companies. He is a certified public accountant.
Marcus Bertilson, Chief Operating Officer
Marcus Bertilson serves as the Chief Operating Officer of Weave. He brings extensive experience in scaling technology for small and medium-sized business (SMB) customers, with a deep understanding of delivering best-in-class customer experience and a strong track record of strategy development and growth execution.
David McNeil, Chief Revenue Officer
David McNeil is a seasoned revenue leader with over 25 years of experience in SaaS sales, go-to-market strategy, partnerships, and operational excellence. He has a proven track record of driving growth at companies such as Tebra, HubSpot, and Salesforce.
Abhi Sharma, Chief Technology Officer
Abhi Sharma is an experienced technology leader recognized for scaling high-performing engineering teams and driving AI-powered innovation. His career includes leadership roles at major technology companies such as Salesforce, Oracle, Amazon, and Microsoft. Most recently, he led Research & Development for Twilio's communications business.
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Key Risks to Weave Communications (WEAV)
- Intense and Evolving Competition: Weave Communications operates in a highly competitive and dynamic market with numerous direct and indirect rivals. This competitive landscape poses risks that competitors could innovate faster, lower prices, or capture market share, which may put pressure on Weave's margins and slow its growth.
- Regulatory and Compliance Pressures: The company's products and services are subject to complex and changing regulations, particularly within the healthcare sector, as well as those from entities like the FCC, industry standards, and emerging frameworks for artificial intelligence (AI). Failure to comply with these regulations could lead to significant fines, operational restrictions, or a loss of market access.
- Dependence on Small and Medium-Sized Healthcare Businesses (SMBs): Weave's business is heavily concentrated on serving the SMB healthcare vertical. This focus carries unique risks, including the susceptibility of SMBs to unfavorable economic conditions and macroeconomic uncertainties. Additionally, many customers utilize monthly subscriptions, which can make revenue less predictable and increase the risk of churn.
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The rapid advancement and widespread adoption of Artificial Intelligence (AI) capable of autonomously managing sophisticated customer communications, intelligent call handling, scheduling, payments, and analytics. Such AI-powered platforms could offer more deeply integrated and efficient solutions directly within existing enterprise software or as standalone services, potentially diminishing the need for Weave's specialized, module-based platform for small and medium-sized businesses.
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- Expansion into Specialty Medical Verticals: Weave Communications is actively focusing on expanding its presence in specialty medical markets, which has been identified as its fastest-growing segment. The company added more specialty medical locations in Q4 2025 than in any previous quarter, and management remains confident in capturing share in this area. While new verticals like specialty medical can initially have higher churn rates, Weave views this expansion as a significant growth opportunity.
- Launch and Growth of AI-Powered Solutions: A key driver is Weave's accelerating AI-driven product roadmap, including the acquisition of TrueLark (an AI Receptionist) and the launch of a unified inbox and omnichannel AI Receptionist capabilities. These AI solutions are designed to optimize practice operations, enhance practitioner-patient relationships, and expand Weave's total addressable market by an estimated $7 billion to $22 billion. Management anticipates these new products will positively impact revenue growth, particularly in the latter half of 2026 as they are rolled out and evolve towards more autonomous intake and payments.
- Growth of the Payments Platform: Weave Payments continues to be a significant contributor to revenue growth, with payments experiencing a remarkable 40% year-over-year increase in Q3 2025 and growing at more than twice the rate of total revenue in 2025. The integration of patient financing solutions, such as the partnership with CareCredit, is expected to enhance payment volumes and increase customer engagement and revenue. This higher-margin revenue stream is contributing to gross margin expansion.
- Customer Acquisition and Increased Locations: The addition of new customer locations remains a fundamental driver of revenue growth. Weave ended 2025 with nearly 40,000 active customer locations, an increase of over 4,600 locations year over year. The company's platform streamlines disparate point solutions for small and medium-sized healthcare practices, making it easier to attract, engage, and retain patients, which directly translates to new customer additions.
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Capital Allocation Decisions for Weave Communications (WEAV)
Share Repurchases
- As of December 2024, Weave Communications had repurchased shares valued at $12.7 million over the preceding twelve months.
Share Issuance
- Weave Communications completed its Initial Public Offering (IPO) on November 11, 2021, issuing 5 million shares and raising $120 million.
- The company recognized stock-based compensation expenses related to its Employee Stock Purchase Plan (ESPP) of $0.9 million in 2025, $0.9 million in 2024, and $0.7 million in 2023.
- In March 2026, the General Counsel and Corporate Secretary received a grant of 150,000 restricted stock units (RSUs) at no cash cost.
Outbound Investments
- In May 2025, Weave Communications acquired TrueLark, an AI-powered receptionist platform, for $25 million in cash and $10 million in equity. This acquisition was intended to expand Weave's capabilities in AI-powered workflow automation and front-office automation.
Capital Expenditures
- Capital expenditures totaled $2.0 million for the trailing twelve months ending Q3 2024.
- The company's capital expenditures are primarily focused on the operations and expansion of its business, including investments in research and development for new platform features and functionality, international expansion, and additional systems and processes.
Peer Outperformance in Health Care Technology
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 7 | 9.7% | 79.7% | 140.2% | CAH 411% · MCK 348% · COR 179% |
| Health Care Services | 20 | 20.0% | 41.9% | 9.5% | HIMS 302% · RDNT 143% · DGX 72% |
| Managed Health Care | 8 | 33.2% | -3.6% | 1.3% | OSCR 142% · HQY 64% · ELV 14% |
| Health Care Facilities | 24 | 11.9% | -3.3% | -15.7% | THC 289% · NHC 263% · ENSG 132% |
| Health Care Equipment | 51 | -2.3% | -9.2% | -18.9% | POCI 10738% · UFPT 396% · GKOS 288% |
| Health Care Supplies | 12 | 38.3% | -12.4% | -27.5% | LNTH 314% · HAE 81% · MMSI 31% |
| Pharmaceuticals | 63 | 3.1% | -1.7% | -31.9% | LQDA 2959% · INDV 1388% · ETON 1385% |
| Life Sciences Tools & Services | 108 | -8.4% | -32.7% | -70.6% | SNWV 1953% · ELMD 259% · MEDP 235% |
| Health Care Technology ← | 20 | -28.4% | -53.8% | -73.9% | SPOK 37% · HSTM -2% · VEEV -24% |
| Biotechnology | 365 | 6.6% | -27.4% | -77.2% | BRTX 106400% · DNTH 1803% · CELZ 1443% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.88 |
| Mkt Cap | 1.6 |
| Rev LTM | 921 |
| Op Inc LTM | 31 |
| FCF LTM | 68 |
| FCF 3Y Avg | 50 |
| CFO LTM | 97 |
| CFO 3Y Avg | 76 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.8% |
| Rev Chg 3Y Avg | 17.9% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 71.5% |
| Op Inc Chg 3Y Avg | 95.8% |
| Op Mgn LTM | 3.5% |
| Op Mgn 3Y Avg | -5.6% |
| QoQ Delta Op Mgn LTM | 1.4% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 8.1% |
| FCF/Rev LTM | 10.2% |
| FCF/Rev 3Y Avg | 5.9% |
Price Behavior
| Market Price | $7.28 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 11/11/2021 | |
| Distance from 52W High | -9.0% | |
| 50 Days | 200 Days | |
| DMA Price | $6.21 | $6.01 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 17.3% | 21.2% |
| 3M | 1YR | |
| Volatility | 95.5% | 68.1% |
| Downside Capture | -128.69 | 92.43 |
| Upside Capture | -1.84 | 61.77 |
| Correlation (SPY) | -5.7% | 16.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.79 | -0.34 | -0.56 | 0.40 | 0.92 | 1.32 |
| Up Beta | -6.71 | -2.51 | -2.52 | -0.80 | 0.30 | 1.23 |
| Down Beta | 0.04 | -0.06 | 0.08 | 0.31 | 1.03 | 1.56 |
| Up Capture | 138% | 49% | 46% | 78% | 84% | 96% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 12 | 20 | 31 | 60 | 121 | 369 |
| Down Capture | 0% | -6% | -111% | 96% | 119% | 108% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 21 | 30 | 58 | 118 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WEAV | |
|---|---|---|---|---|
| WEAV | -6.6% | 68.0% | 0.17 | - |
| Sector ETF (XLV) | 26.3% | 15.5% | 1.31 | 15.9% |
| Equity (SPY) | 20.4% | 12.8% | 1.17 | 12.0% |
| Gold (GLD) | 29.8% | 28.5% | 0.91 | -10.2% |
| Commodities (DBC) | 40.2% | 20.2% | 1.56 | -8.9% |
| Real Estate (VNQ) | 13.1% | 13.9% | 0.65 | 11.2% |
| Bitcoin (BTCUSD) | -45.4% | 42.7% | -1.30 | 15.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WEAV | |
|---|---|---|---|---|
| WEAV | -18.6% | 66.4% | -0.06 | - |
| Sector ETF (XLV) | 6.6% | 15.0% | 0.25 | 24.9% |
| Equity (SPY) | 13.1% | 17.2% | 0.59 | 37.5% |
| Gold (GLD) | 19.8% | 18.6% | 0.87 | -0.4% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 4.8% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 29.5% |
| Bitcoin (BTCUSD) | 7.1% | 52.6% | 0.32 | 25.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WEAV | |
|---|---|---|---|---|
| WEAV | -9.8% | 66.4% | -0.06 | - |
| Sector ETF (XLV) | 10.4% | 16.7% | 0.51 | 24.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 37.5% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | -0.4% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 4.8% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 29.5% |
| Bitcoin (BTCUSD) | 59.9% | 66.0% | 1.00 | 25.1% |
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Returns Analyses
Earnings Returns History
Updated 8/18/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -20.6% | -20.1% | |
| 4/30/2026 | 17.1% | 23.2% | 32.0% |
| 2/19/2026 | -4.9% | -11.9% | -16.7% |
| 10/30/2025 | 13.5% | 2.0% | -3.4% |
| 7/31/2025 | -6.4% | 6.2% | 6.6% |
| 5/5/2025 | -11.7% | 2.4% | -9.5% |
| 2/20/2025 | -15.6% | -26.5% | -30.7% |
| 10/30/2024 | 1.7% | 1.4% | -0.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 7 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 11.2% | 6.2% | 11.9% |
| Median Negative | -11.5% | -15.2% | -16.7% |
| Max Positive | 25.6% | 44.8% | 80.0% |
| Max Negative | -20.9% | -34.5% | -36.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -20.6% | -20.1% | |
| 4/30/2026 | 17.1% | 23.2% | 32.0% |
| 2/19/2026 | -4.9% | -11.9% | -16.7% |
| 10/30/2025 | 13.5% | 2.0% | -3.4% |
| 7/31/2025 | -6.4% | 6.2% | 6.6% |
| 5/5/2025 | -11.7% | 2.4% | -9.5% |
| 2/20/2025 | -15.6% | -26.5% | -30.7% |
| 10/30/2024 | 1.7% | 1.4% | -0.9% |
| 7/31/2024 | 9.0% | -0.8% | 11.9% |
| 5/1/2024 | -20.9% | -17.6% | -20.9% |
| 2/21/2024 | -11.5% | 0.2% | -3.1% |
| 8/2/2023 | -0.3% | -9.2% | -7.4% |
| 5/3/2023 | 25.6% | 44.8% | 80.0% |
| 2/22/2023 | 13.7% | 8.1% | 0.2% |
| 11/2/2022 | -5.8% | -12.9% | -23.9% |
| 8/3/2022 | 5.6% | 13.4% | 14.4% |
| 5/4/2022 | 5.1% | -20.1% | 0.5% |
| 3/2/2022 | -16.8% | -34.5% | -36.1% |
| 12/7/2021 | -8.6% | -10.1% | -29.4% |
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 7 |
| # Negative | 11 | 10 | 11 |
| Median Positive | 11.2% | 6.2% | 11.9% |
| Median Negative | -11.5% | -15.2% | -16.7% |
| Max Positive | 25.6% | 44.8% | 80.0% |
| Max Negative | -20.9% | -34.5% | -36.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/05/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/13/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-Q |
| 03/31/2022 | 05/13/2022 | 10-Q |
| 12/31/2021 | 03/23/2022 | 10-K |
| 09/30/2021 | 12/09/2021 | 10-Q |
| 06/30/2021 | 11/12/2021 | 424B4 |
Recent Forward Guidance
Updated 8/7/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Total revenue | 68.60 Mil | 69.10 Mil | 69.60 Mil | 2.1% | Higher New | Actual: 67.70 Mil for Q2 2026 | |
| Q3 2026 Non-GAAP income from operations | 3.00 Mil | 3.50 Mil | 4.00 Mil | 34.6% | Higher New | Actual: 2.60 Mil for Q2 2026 | |
| 2026 Total revenue | 273.00 Mil | 274.00 Mil | 275.00 Mil | -0.9% | Lowered | Guidance: 276.50 Mil for 2026 | |
| 2026 Non-GAAP income from operations | 12.00 Mil | 13.00 Mil | 14.00 Mil | 8.3% | Raised | Guidance: 12.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Total revenue | 67.20 Mil | 67.70 Mil | 68.20 Mil | 5.0% | Higher New | Guidance: 64.50 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP income from operations | 2.10 Mil | 2.60 Mil | 3.10 Mil | 73.3% | Higher New | Guidance: 1.50 Mil for Q1 2026 | |
| Q2 2026 Weighted average share count | 79.6 | ||||||
| 2026 Total revenue | 275.00 Mil | 276.50 Mil | 278.00 Mil | 0.7% | Raised | Guidance: 274.50 Mil for 2026 | |
| 2026 Non-GAAP income from operations | 10.50 Mil | 12.00 Mil | 13.50 Mil | 20.0% | Raised | Guidance: 10.00 Mil for 2026 | |
| 2026 Weighted average share count | 79.8 | ||||||
Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Total revenue | 64.20 Mil | 64.50 Mil | 64.80 Mil | 2.5% | Higher New | Actual: 62.90 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP income from operations | 1.00 Mil | 1.50 Mil | 2.00 Mil | -25.0% | Lower New | Actual: 2.00 Mil for Q4 2025 | |
| 2026 Total revenue | 273.00 Mil | 274.50 Mil | 276.00 Mil | 15.1% | Higher New | Actual: 238.50 Mil for 2025 | |
| 2026 Non-GAAP income from operations | 8.00 Mil | 10.00 Mil | 12.00 Mil | 163.2% | Higher New | Actual: 3.80 Mil for 2025 | |
Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 62.40 Mil | 62.90 Mil | 63.40 Mil | ||||
| Q4 2025 Non-GAAP income from operations | 1.50 Mil | 2.00 Mil | 2.50 Mil | ||||
| 2025 Revenue | 238.00 Mil | 238.50 Mil | 239.00 Mil | 0.1% | Raised | Guidance: 238.30 Mil for 2025 | |
| 2025 Non-GAAP income from operations | 3.30 Mil | 3.80 Mil | 4.30 Mil | 72.7% | Raised | Guidance: 2.20 Mil for 2025 | |
Insider Activity
Updated 7/17/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McNeil, Joseph David | Chief Revenue Officer | Direct | Sell | 3092026 | 5.53 | 25,000 | 138,250 | 2,796,637 | Form |
| 2 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 12232025 | 6.89 | 9,615 | 66,247 | 3,631,409 | Form |
| 3 | Newton, Tyler | Mia Newton Revocable Trust | Sell | 11072025 | 6.68 | 50,993 | 340,633 | 340,627 | Form | |
| 4 | Christiansen, Jason Paul | Chief Financial Officer | Direct | Sell | 9242025 | 7.50 | 3,897 | 29,228 | 2,351,130 | Form |
| 5 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 9242025 | 7.50 | 9,541 | 71,558 | 4,081,358 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McNeil, Joseph David | Chief Revenue Officer | Direct | Sell | 3092026 | 5.53 | 25,000 | 138,250 | 2,796,637 | Form |
| 2 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 12232025 | 6.89 | 9,615 | 66,247 | 3,631,409 | Form |
| 3 | Newton, Tyler | Mia Newton Revocable Trust | Sell | 11072025 | 6.68 | 50,993 | 340,633 | 340,627 | Form | |
| 4 | Christiansen, Jason Paul | Chief Financial Officer | Direct | Sell | 9242025 | 7.50 | 3,897 | 29,228 | 2,351,130 | Form |
| 5 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 9242025 | 7.50 | 9,541 | 71,558 | 4,081,358 | Form |
| 6 | McNeil, Joseph David | Chief Revenue Officer | Direct | Sell | 9182025 | 7.73 | 14,236 | 110,044 | 3,051,990 | Form |
| 7 | Christiansen, Jason Paul | Chief Financial Officer | Direct | Sell | 9182025 | 7.73 | 4,131 | 31,933 | 2,453,355 | Form |
| 8 | White, Brett T | Chief Executive Officer | Direct | Sell | 9182025 | 7.73 | 53,953 | 417,057 | 14,857,609 | Form |
| 9 | Bertilson, Marcus | Chief Operating Officer | Direct | Sell | 9182025 | 7.73 | 13,836 | 106,952 | 2,617,316 | Form |
| 10 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 9172025 | 7.73 | 7,585 | 58,632 | 4,280,271 | Form |
| 11 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 8202025 | 8.02 | 1,006 | 8,068 | 4,501,682 | Form |
| 12 | White, Brett T | Chief Executive Officer | Direct | Sell | 8202025 | 7.98 | 28,112 | 224,334 | 15,768,672 | Form |
| 13 | Goodsell, Erin | Chief Legal Officer & Corp.Sec | Direct | Sell | 8202025 | 7.98 | 23,350 | 186,333 | 4,487,258 | Form |
Investor Activity (13F)
Updated Aug 19, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Health Care Technology Resources |
| Healthcare IT News |
| MobiHealthNews |
| HealthTech Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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