Latest Ratios: P/E Ratio -18.4x · EV/EBITDA N/A · ROE -37.6%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $536M | $579M | $1.1B | $776M | $301M | $976M | — | — |
| Enterprise Value | $567M | $611M | $1.1B | $785M | $313M | $865M | — | — |
| P/E Ratio → | -18.41 | — | — | — | — | — | — | — |
| P/S Ratio | 2.24 | 2.42 | 5.58 | 4.55 | 2.12 | 8.43 | — | — |
| P/B Ratio | 6.31 | 7.03 | 17.03 | 9.83 | 3.62 | 8.69 | — | — |
| P/FCF | 35.35 | 38.23 | 95.35 | 118.89 | — | — | — | — |
| P/OCF | 30.54 | 33.02 | 80.63 | 75.97 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.56 | 5.61 | 4.61 | 2.20 | 7.47 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 40.32 | 95.72 | 120.23 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.1% | 72.1% | 71.4% | 68.1% | 62.5% | 57.4% | 56.9% | 59.5% |
| Operating Margin | -12.1% | -12.1% | -15.4% | -20.2% | -35.0% | -43.5% | -49.5% | -69.8% |
| Net Profit Margin | -11.7% | -11.7% | -13.9% | -18.2% | -35.0% | -44.6% | -50.6% | -70.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -37.6% | -37.6% | -38.9% | -38.3% | -50.9% | -68.8% | -77.8% | -48.6% |
| ROA | -14.1% | -14.1% | -14.5% | -15.2% | -25.1% | -36.9% | -39.8% | -29.0% |
| ROIC | -23.4% | -23.4% | -29.6% | -28.2% | -77.6% | -3625.3% | -2734.1% | — |
| ROCE | -24.5% | -24.5% | -26.1% | -26.0% | -36.9% | -55.3% | -62.9% | -41.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.05 | 1.05 | 0.84 | 0.75 | 0.88 | 0.22 | 0.49 | 0.24 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.39 | 0.07 | 0.11 | 0.14 | -0.99 | -0.98 | -0.98 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 2.10 | 0.37 | 1.35 | — | — | — | — |
| Interest Coverage | -16.04 | -16.04 | -17.49 | -15.00 | -33.44 | -42.61 | -35.85 | -38.53 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.08 | 1.08 | 1.58 | 1.78 | 1.84 | 2.84 | 1.54 | 2.66 |
| Quick Ratio | 1.08 | 1.08 | 1.58 | 1.78 | 1.84 | 2.84 | 1.54 | 2.66 |
| Cash Ratio | 0.97 | 0.97 | 1.29 | 1.49 | 1.57 | 2.50 | 1.27 | 2.40 |
| Asset Turnover | — | 1.15 | 1.08 | 0.85 | 0.68 | 0.62 | 0.86 | 0.41 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 6.64 | 6.69 | 7.52 | 8.47 | 9.64 | 11.62 | 18.06 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 2.8% | 2.6% | 1.0% | 0.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $76M | $72M | $68M | $66M | $64M | $64M | $11M |
Customer acquisition cost efficiency
According to current market data, Weave's forward P/E of 35.34 suggests investors are pricing in significant future earnings expansion, yet the negative TTM P/E of -16.00 highlights the disconnect between current GAAP losses and the growth-stage valuation multiples typically assigned to vertical SaaS providers.
The current P/S multiple of 1.95 appears modest for a high-growth software firm, potentially indicating that the market is discounting the company's ability to scale profitably. Investors should monitor whether the forward EV/EBITDA of 7.56 reflects a genuine path to margin expansion or merely an optimistic assumption regarding the operating leverage of the platform.
Based on reported financial figures, Weave's ROIC has remained consistently negative, bottoming at -9.8% in 2025Q1, which indicates that the company is currently destroying shareholder value rather than compounding it through its core investments in software development and market expansion.
The persistent negative ROIC suggests that the returns generated from the company's invested capital are insufficient to cover the cost of that capital. This trend warrants further investigation into whether the high sales and marketing spend is yielding long-term customer lifetime value or if it is merely subsidizing a high-churn customer base.
As reported in quarterly filings, Weave's asset turnover ratio has remained stagnant near 0.30, suggesting that the company's ability to generate revenue from its asset base is limited by the capital-intensive nature of its hardware-inclusive service model.
The relatively low asset turnover reflects the drag of hardware fulfillment on the overall efficiency of the software-as-a-service model. Investors should monitor the DSO, which has fluctuated between 6 and 22 days, as this volatility may indicate inconsistent collection cycles that impact the company's short-term cash availability.
Based on recent balance sheet data, Weave's debt-to-equity ratio reached 0.62 in 2026Q1, reflecting a management strategy that utilizes debt as a tactical liquidity tool rather than a permanent component of the capital structure to fund ongoing operations.
The negative interest coverage ratios, such as the -16.32 observed in 2026Q1, indicate that the company's operating income is not yet sufficient to cover its interest obligations. This reliance on debt to bridge operational gaps suggests that the company remains vulnerable to credit market tightening or increased financing costs.
The market's reliance on traditional P/E ratios for Weave is fundamentally flawed, as it ignores the significant non-cash impact of stock-based compensation and the heavy upfront investment in customer acquisition that characterizes the company's current growth-at-all-costs phase.
Investors should instead focus on the Rule of 40 and adjusted EBITDA, which better capture the underlying operational health of the business. By focusing on GAAP earnings, analysts risk misinterpreting the company's transition toward profitability, as the current accounting treatment of hardware and SBC masks the true cash-generating potential of the platform.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying WEAV stock.
Weave Communications, Inc.'s current P/E ratio is -18.4x. This places it at the 50th percentile of its historical range.
Weave Communications, Inc.'s return on equity (ROE) is -37.6%. The historical average is -51.5%.
Based on historical data, Weave Communications, Inc. is trading at a P/E of -18.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Weave Communications, Inc. has 72.1% gross margin and -12.1% operating margin.