Weave Communications, Inc.
WEAV Healthcare Health Information Services
Weave Communications, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $239.0 million, up 17.0% from fiscal 2024. In the quarter to June 2026, revenue grew 15.5%, EPS grew 54.6%, free cash flow grew 94.3% and total debt rose 4.91%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Weave Communications, Inc. (WEAV) Altman Z-score
Weave Communications, Inc.'s Altman Z-score for fiscal 2025 is 1.40, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.40 | (2.87) |
| FY2024 | 4.27 | 1.66 |
| FY2023 | 2.61 | 2.49 |
| FY2022 | 0.12 | (1.40) |
| FY2021 | 1.51 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.10 | — | 0.12 | |
| Retained earnings / total assets | (1.53) | — | −2.15 | |
| EBIT / total assets | (0.15) | — | −0.49 | |
| Market value of equity / total liabilities | 4.61 | — | 2.77 | |
| Sales / total assets | 1.15 | — | 1.15 | |
| Altman Z-score | Distress zone | 1.40 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.66 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HSTM HealthStream, Inc. compare | 3.5× |
| NRC National Research Corporation compare | 3.3× |
| CARL Carlsmed, Inc. compare | 2.9× |
| MDRX Veradigm Inc. compare | 1.6× |
| WEAV Weave Communications, Inc. | 1.4× |
| PHR Phreesia, Inc. compare | 0.7× |
| CTEV Claritev Corporation compare | −0.4× |
| EVH Evolent Health, Inc compare | −0.4× |
| SOPH SOPHiA GENETICS SA compare | −3.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets