Company research
Waystar Holding Corp.
CIK 1990354Updated Sep 24, 2026
SecurityWAY · NASDAQ · equity
WAY price & chart
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NASDAQ:WAY on TradingView ↗About the company
Waystar’s mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers, including 16 of 20 institutions on the U.S. News Best Hospitals list. Waystar’s enterprise-grade platform annually processes over 7.5 billion healthcare payment transactions, including over $2.4 trillion in annual gross claims and spanning approximately 60% of U.S. patients. Waystar strives to transform healthcare payments so providers can focus on what matters most: their patients and communities. Discover the way forward at waystar.com.
In the news
Waystar Earns Overall "A" Rating from KLAS for Revenue Cycle Suites, Cementing Its Platform Advantage in a Fragmented Market ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 5,785,100,000Source | 4,577,004,000Source | 4,582,974,000Source |
| GoodwillUSD | 4,016,818,000Source | 3,019,999,000Source | 3,030,013,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 1,292,839,000Source | 1,039,049,000Source | 1,186,936,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 61,355,000Source | 182,133,000Source | 35,580,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 177,037,000Source | 145,235,000Source | 126,089,000Source |
| Assets, CurrentUSD | 308,412,000Source | 371,041,000Source | 222,050,000Source |
| Operating Lease, Right-of-Use AssetUSD | 12,972,000Source | 10,820,000Source | 10,353,000Source |
| Other Assets, NoncurrentUSD | 8,459,000Source | 6,549,000Source | 6,552,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 1,906,274,000Source | 1,497,218,000Source | 2,533,042,000Source |
| Stockholders’ equity: | |||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 1,916,000Source | 1,722,000Source | 1,217,000Source |
| Additional Paid in CapitalUSD | 3,986,353,000Source | 3,298,083,000Source | 2,234,688,000Source |
| Retained Earnings (Accumulated Deficit)USD | -108,811,000Source | -220,900,000Source | -201,775,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -632,000Source | 881,000Source | 15,802,000Source |
| Stockholders' Equity Attributable to ParentUSD | 3,878,826,000Source | 3,079,786,000Source | 2,049,932,000Source |
| Liabilities and EquityUSD | 5,785,100,000Source | 4,577,004,000Source | 4,582,974,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 218,063,000Source | 145,633,000Source | 123,489,000Source |
| Operating Lease, Liability, CurrentUSD | 6,029,000Source | 5,591,000Source | 4,398,000Source |
| Accounts Payable, CurrentUSD | 50,949,000Source | 47,365,000Source | 45,484,000Source |
| Operating Lease, Liability, NoncurrentUSD | 11,994,000Source | 13,133,000Source | 14,278,000Source |
| Deferred Income Tax Liabilities, NetUSD | 211,320,000Source | 100,523,000Source | 174,480,000Source |
| Other Liabilities, NoncurrentUSD | 692,000Source | 278,000Source | 2,750,000Source |
| Additional Financial Items | |||
| Deferred Tax Liabilities, NetUSD | 211,320,000Source | 100,523,000Source | 174,480,000Source |
| Long-term Debt, Current MaturitiesUSD | 14,194,000Source | 11,668,000Source | 17,983,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,458,709,000Source | 1,220,622,000Source | 2,199,678,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -19,125,000Source | -51,334,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 140,548,000Source | 186,631,000Source | 176,467,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 42,069,000Source | 54,437,000Source | 8,848,000Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | 7,324,000Source | 21,816,000Source | 16,714,000Source |
| Deferred Income Tax Expense (Benefit)USD | 45,222,000Source | -59,135,000Source | -61,665,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 309,673,000Source | 169,768,000Source | 51,460,000Source |
| Cash flows from investing activities: | |||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 629,535,000Source | — | 40,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -680,896,000Source | -27,268,000Source | -61,517,000Source |
| Cash flows from financing activities: | |||
| Payments for Repurchase of Common StockUSD | 0Source | 844,000Source | 688,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 243,450,000Source | 16,654,000Source | -17,151,000Source |
| Repayments of Long-term DebtUSD | 152,440,000Source | 1,584,080,000Source | 37,983,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -127,773,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 76,809,000Source | 204,582,000Source | 45,428,000Source |
| Supplemental disclosure of cash flow information: | |||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 81,666,000Source | 122,771,000Source | 193,003,000Source |
| Income Taxes Paid, NetUSD | 31,721,000Source | 51,100,000Source | 51,449,000Source |
| Additional Financial Items | |||
| Share-based Payment Arrangement, ExpenseUSD | 42,069,000Source | 54,437,000Source | 8,848,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 2,697,000Source | 3,946,000Source | 10,471,000Source |
| Amortization of Intangible AssetsUSD | 118,600,000Source | 147,900,000Source | 159,400,000Source |
| Capitalized Computer Software, AmortizationUSD | 10,600,000Source | 10,200,000Source | 6,800,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 2,100,000Source | — | — |
| DepreciationUSD | 21,900,000Source | 38,700,000Source | 17,100,000Source |
| Gain (Loss) on Termination of LeaseUSD | -838,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -821,000Source | -20,611,000Source | -393,000Source |
| General and Administrative ExpenseUSD | 128,623,000Source | 111,753,000Source | 62,924,000Source |
| GoodwillUSD | 4,016,818,000Source | 3,019,999,000Source | 3,030,013,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 59,674,000Source | -3,420,000Source | -12,500,000Source |
| Net Income (Loss) Attributable to ParentUSD | 112,089,000Source | -19,125,000Source | -51,334,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 112,089,000Source | -19,125,000Source | -51,334,000Source |
| Proceeds from Issuance of Common StockUSD | — | 1,683,000Source | 425,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 390,140,000Source | 576,060,000Source | 20,000,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Total RevenueUSD | 1,099,278,000Source | 943,549,000Source | 791,010,000Source |
| Operating Income (Loss)USD | 249,305,000Source | 123,725,000Source | 142,083,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 171,763,000Source | -22,545,000Source | -63,834,000Source |
| Income Tax Expense (Benefit)USD | 59,674,000Source | -3,420,000Source | -12,500,000Source |
| Net Income (Loss) Attributable to ParentUSD | 112,089,000Source | -19,125,000Source | -51,334,000Source |
| Earnings Per Share, BasicUSD per share | 0.63Source | -0.13Source | -0.42Source |
| Earnings Per Share, DilutedUSD per share | 0.61Source | -0.13Source | -0.42Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 177,926,745Source | 149,915,839Source | 121,675,430Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 184,783,285Source | 149,915,839Source | 121,675,430Source |
| Additional Financial Items | |||
| Amortization of Intangible AssetsUSD | 118,600,000Source | 147,900,000Source | 159,400,000Source |
| Capitalized Computer Software, AmortizationUSD | 10,600,000Source | 10,200,000Source | 6,800,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 348,162,000Source | 315,730,000Source | 249,767,000Source |
| Costs and ExpensesUSD | 849,973,000Source | 819,824,000Source | 648,927,000Source |
| Current Income Tax Expense (Benefit)USD | 14,452,000Source | 55,715,000Source | 49,165,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 140,548,000Source | 186,631,000Source | 176,467,000Source |
| General and Administrative ExpenseUSD | 128,623,000Source | 111,753,000Source | 62,924,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 112,089,000Source | -19,125,000Source | -51,334,000Source |
| Research and Development ExpenseUSD | 54,623,000Source | 48,775,000Source | 35,332,000Source |
| Selling and Marketing ExpenseUSD | 178,017,000Source | 156,935,000Source | 124,437,000Source |
Offerings
Registration 333-287209
Registration 333-285018
Filing attachments
way072926-8xkex991.htm · 8-K · 2026-07-29
EX-99.1 2 way072926-8xkex991.htm EX-99.1 Document Waystar Reports Second Quarter 2026 Results Q2 revenue of $319.7M, up 18% YoY Q2 net income of $40.9M and non-GAAP net income of $83.3M Q2 net income margin of 13%; adjusted EBITDA margin of 43% Raising revenue and adjusted EBITDA guidance for 2026 LEHI, Utah and LOUISVILLE, Ky., July 29, 2026 - Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the second quarter ende…
Read attachment ↗way042926-8xkex991.htm · 8-K · 2026-04-29
EX-99.1 2 way042926-8xkex991.htm EX-99.1 Document Waystar Reports First Quarter 2026 Results Q1 revenue of $313.9M, up 22% YoY Q1 net income of $43.3M and non-GAAP net income of $81.2M Q1 net income margin of 14%; adjusted EBITDA margin of 43% LEHI, Utah and LOUISVILLE, Ky., April 29, 2026 - Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the first quarter ended March 31, 2026. "Waystar delivered a solid first quart…
Read attachment ↗way021726-8xkex991.htm · 8-K · 2026-02-17
EX-99.1 2 way021726-8xkex991.htm EX-99.1 Document Waystar Reports Fourth Quarter and Fiscal Year 2025 Results, Provides 2026 Guidance Q4 revenue of $304M, up 24% YoY Q4 net income of $20.0M and non-GAAP net income of $70.7M Q4 net income margin of 7%; adjusted EBITDA margin of 43% FY 2025 revenue of $1,099M, up 17% YoY FY net income of $112.1M and non-GAAP net income of $262.9M FY net income margin of 10%; adjusted EBITDA margin of 42% LEHI, Utah and LOUISVILLE, Ky., February 17, 202…
Read attachment ↗way102925-8xkex991.htm · 8-K · 2025-10-29
EX-99.1 2 way102925-8xkex991.htm EX-99.1 Document Waystar Reports Third Quarter 2025 Results Q3 revenue growth of 12% year-over-year Q3 net income of $30.6 million and non-GAAP net income of $67.8 million Q3 net income margin of 11%; adjusted EBITDA margin of 42% Raising revenue and adjusted EBITDA guidance for 2025 LEHI, Utah and LOUISVILLE, Ky., October 29, 2025 - Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the th…
Read attachment ↗tm2527690d1_ex99-1.htm · 8-K · 2025-10-01
EX-99.1 3 tm2527690d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Waystar Closes Acquisition of Iodine Software, Extending AI Leadership in Healthcare Software Unites industry-leading AI-powered financial and clinical intelligence on Waystar’s cloud-based software platform Expands total addressable market by more than 15%; expected to be accretive to financial profile with highly recurring subscription-based business LEHI, Utah, and LOUISVILLE, Ky., October 1, 2025 - Waystar Holding Corp. (Nasd…
Read attachment ↗way073025-8xkex991.htm · 8-K · 2025-07-30
EX-99.1 2 way073025-8xkex991.htm EX-99.1 Document Waystar Reports Second Quarter 2025 Results Q2 revenue growth of 15% year-over-year Q2 net income of $32.2 million and non-GAAP net income of $65.7 million Q2 net income margin of 12%; adjusted EBITDA margin of 42% Raising revenue and adjusted EBITDA guidance for 2025 LEHI, Utah and LOUISVILLE, Ky., July 30, 2025 - Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the seco…
Read attachment ↗