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Side-by-side financial comparison of Townsquare Media, Inc. (TSQ) and Weave Communications, Inc. (WEAV). Click either name above to swap in a different company.

Townsquare Media, Inc. is the larger business by last-quarter revenue ($106.5M vs $63.4M, roughly 1.7× Weave Communications, Inc.). Weave Communications, Inc. runs the higher net margin — -2.9% vs -4.9%, a 2.0% gap on every dollar of revenue. On growth, Weave Communications, Inc. posted the faster year-over-year revenue change (17.0% vs -9.6%). Townsquare Media, Inc. produced more free cash flow last quarter ($9.2M vs $5.1M). Over the past eight quarters, Weave Communications, Inc.'s revenue compounded faster (15.9% CAGR vs 3.4%).

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

Weave Communications, Inc. develops integrated all-in-one customer engagement and communication platforms tailored for small and medium-sized businesses. Its product suite includes cloud-based phone systems, appointment scheduling, payment processing, review management and text messaging tools, primarily serving local service sectors like dental clinics, healthcare practices and fitness studios across the U.S. and Canada.

TSQ vs WEAV — Head-to-Head

Bigger by revenue
TSQ
TSQ
1.7× larger
TSQ
$106.5M
$63.4M
WEAV
Growing faster (revenue YoY)
WEAV
WEAV
+26.7% gap
WEAV
17.0%
-9.6%
TSQ
Higher net margin
WEAV
WEAV
2.0% more per $
WEAV
-2.9%
-4.9%
TSQ
More free cash flow
TSQ
TSQ
$4.1M more FCF
TSQ
$9.2M
$5.1M
WEAV
Faster 2-yr revenue CAGR
WEAV
WEAV
Annualised
WEAV
15.9%
3.4%
TSQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TSQ
TSQ
WEAV
WEAV
Revenue
$106.5M
$63.4M
Net Profit
$-5.2M
$-1.8M
Gross Margin
24.1%
72.7%
Operating Margin
9.5%
-3.4%
Net Margin
-4.9%
-2.9%
Revenue YoY
-9.6%
17.0%
Net Profit YoY
-121.2%
72.5%
EPS (diluted)
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TSQ
TSQ
WEAV
WEAV
Q4 25
$106.5M
$63.4M
Q3 25
$106.8M
$61.3M
Q2 25
$115.4M
$58.5M
Q1 25
$98.7M
$55.8M
Q4 24
$117.8M
$54.2M
Q3 24
$115.3M
$52.4M
Q2 24
$118.2M
$50.6M
Q1 24
$99.6M
$47.2M
Net Profit
TSQ
TSQ
WEAV
WEAV
Q4 25
$-5.2M
$-1.8M
Q3 25
$-5.9M
$-8.7M
Q2 25
$1.6M
$-8.7M
Q1 25
$-2.0M
$-8.8M
Q4 24
$24.6M
$-6.7M
Q3 24
$10.8M
$-5.9M
Q2 24
$-49.2M
$-8.6M
Q1 24
$1.1M
$-7.2M
Gross Margin
TSQ
TSQ
WEAV
WEAV
Q4 25
24.1%
72.7%
Q3 25
26.2%
72.3%
Q2 25
28.3%
71.7%
Q1 25
23.2%
71.6%
Q4 24
31.6%
72.1%
Q3 24
27.3%
72.0%
Q2 24
27.7%
71.4%
Q1 24
22.8%
69.9%
Operating Margin
TSQ
TSQ
WEAV
WEAV
Q4 25
9.5%
-3.4%
Q3 25
5.6%
-14.6%
Q2 25
18.2%
-17.4%
Q1 25
7.2%
-16.7%
Q4 24
18.1%
-13.6%
Q3 24
13.1%
-12.7%
Q2 24
-18.1%
-18.3%
Q1 24
6.7%
-17.3%
Net Margin
TSQ
TSQ
WEAV
WEAV
Q4 25
-4.9%
-2.9%
Q3 25
-5.5%
-14.1%
Q2 25
1.4%
-14.9%
Q1 25
-2.0%
-15.8%
Q4 24
20.8%
-12.4%
Q3 24
9.4%
-11.2%
Q2 24
-41.7%
-16.9%
Q1 24
1.1%
-15.3%
EPS (diluted)
TSQ
TSQ
WEAV
WEAV
Q4 25
$-0.03
Q3 25
$-0.36
$-0.11
Q2 25
$0.09
$-0.11
Q1 25
$-0.12
$-0.12
Q4 24
$1.76
$-0.10
Q3 24
$0.63
$-0.08
Q2 24
$-3.26
$-0.12
Q1 24
$0.06
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TSQ
TSQ
WEAV
WEAV
Cash + ST InvestmentsLiquidity on hand
$4.8M
$55.0M
Total DebtLower is stronger
$433.0M
Stockholders' EquityBook value
$-41.0M
$82.4M
Total Assets
$528.6M
$208.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSQ
TSQ
WEAV
WEAV
Q4 25
$4.8M
$55.0M
Q3 25
$3.2M
$64.4M
Q2 25
$3.2M
$44.7M
Q1 25
$5.5M
$53.4M
Q4 24
$33.0M
$51.6M
Q3 24
$21.8M
$51.1M
Q2 24
$28.5M
$51.7M
Q1 24
$56.6M
$30.6M
Total Debt
TSQ
TSQ
WEAV
WEAV
Q4 25
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
TSQ
TSQ
WEAV
WEAV
Q4 25
$-41.0M
$82.4M
Q3 25
$-34.0M
$78.6M
Q2 25
$-27.1M
$78.9M
Q1 25
$-26.8M
$68.6M
Q4 24
$-28.4M
$67.0M
Q3 24
$-52.5M
$68.8M
Q2 24
$-64.1M
$69.8M
Q1 24
$1.8M
$73.4M
Total Assets
TSQ
TSQ
WEAV
WEAV
Q4 25
$528.6M
$208.0M
Q3 25
$539.2M
$206.5M
Q2 25
$545.7M
$204.3M
Q1 25
$544.5M
$188.3M
Q4 24
$580.4M
$188.9M
Q3 24
$565.4M
$192.0M
Q2 24
$579.6M
$191.2M
Q1 24
$636.7M
$190.2M
Debt / Equity
TSQ
TSQ
WEAV
WEAV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TSQ
TSQ
WEAV
WEAV
Operating Cash FlowLast quarter
$12.6M
$6.2M
Free Cash FlowOCF − Capex
$9.2M
$5.1M
FCF MarginFCF / Revenue
8.6%
8.1%
Capex IntensityCapex / Revenue
3.2%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.4M
$15.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSQ
TSQ
WEAV
WEAV
Q4 25
$12.6M
$6.2M
Q3 25
$7.9M
$6.1M
Q2 25
$10.2M
$5.4M
Q1 25
$-66.0K
$-219.0K
Q4 24
$28.2M
$6.7M
Q3 24
$9.9M
$4.5M
Q2 24
$9.0M
$22.7M
Q1 24
$1.7M
$-19.7M
Free Cash Flow
TSQ
TSQ
WEAV
WEAV
Q4 25
$9.2M
$5.1M
Q3 25
$4.3M
$5.8M
Q2 25
$6.4M
$4.9M
Q1 25
$-4.5M
$-663.0K
Q4 24
$24.5M
$6.3M
Q3 24
$4.8M
$4.0M
Q2 24
$4.8M
$21.9M
Q1 24
$-2.8M
$-20.2M
FCF Margin
TSQ
TSQ
WEAV
WEAV
Q4 25
8.6%
8.1%
Q3 25
4.1%
9.4%
Q2 25
5.5%
8.4%
Q1 25
-4.6%
-1.2%
Q4 24
20.8%
11.6%
Q3 24
4.1%
7.5%
Q2 24
4.0%
43.4%
Q1 24
-2.8%
-42.9%
Capex Intensity
TSQ
TSQ
WEAV
WEAV
Q4 25
3.2%
1.8%
Q3 25
3.3%
0.5%
Q2 25
3.3%
0.9%
Q1 25
4.5%
0.8%
Q4 24
3.1%
0.7%
Q3 24
4.4%
1.0%
Q2 24
3.6%
1.5%
Q1 24
4.4%
1.1%
Cash Conversion
TSQ
TSQ
WEAV
WEAV
Q4 25
Q3 25
Q2 25
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
Q1 24
1.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

WEAV
WEAV

Segment breakdown not available.

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