Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
Weave sells cloud-based software that helps small healthcare and dental offices manage their phones, scheduling, billing, and patient communications in one place.
Weave makes the software that runs the front desk of a small doctor's or dentist's office. When a patient calls, the phone system that answers, routes, and transcribes the message is often Weave's. The same system sends appointment reminders, collects payments, manages reviews, and keeps the patient's records in one dashboard, so the staff isn't juggling five different tools and a paper calendar.
The customer is the practice owner, usually a dentist, optometrist, or veterinary clinic or another small healthcare group. Weave charges them a subscription per month, and the price rises with the number of locations and phone lines they need. Practices choose Weave because a missed call is a missed patient — and Weave's pitch is that it catches more of those calls and turns them into booked appointments. It is a "vertical" software company, meaning it sells to one specific industry rather than everyone. That focus lets it build features for HIPAA rules and dental scheduling that a generic phone or CRM vendor would never bother with. Weave was founded in 2015 in Utah and went public on the NYSE in 2021. Its rivals include patient-communication upstarts and big practice-management vendors, and it competes against the phone company and the front-desk software the practice already has. The business has grown steadily — revenue hit roughly $200 million in 2024 — but it has also spent years losing money, and it has had to convince investors that a niche subscription tool can grow fast enough to justify its valuation.
The thing to watch is whether Weave can keep adding practices and sell them more add-ons without spending too much to win each one. Subscription software is a good business once it scales: each new customer adds recurring revenue that costs little extra to serve. The trouble is that Weave is still a relatively small player fighting bigger, richer competitors, so its sales and marketing bill eats a large chunk of what it brings in. If it can hold onto customers and expand within them, the math improves; if it can't, the growth gets expensive fast.
Saved answer · last researched 6 Nov 2026