Waystar Holding Corp.

Waystar Holding Corp.

WAY
Waystar Holding Corp.US flagNASDAQ Global Select
20.83
USD
-0.68
- -
4.00BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.47
4.23
4.75
6.29
6.18
6.33
Basic EPS, GAAP
-0.28
-0.31
-0.31
-0.13
0.63
0.69
Free Cash Flow per Basic Share
0.55
0.51
0.18
0.95
1.59
1.61
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.58
-0.9
-1.2
-1.46
-0.6
-0.35
Tangible Book Value per Share
-14.3
-13.38
-13
-6.53
-8.04
-7.31
Basic Weighted Avg Shares
167
167
167
150
178
183
Sales/Revenue/Turnover
579
705
791
944
1,099
1,157
Operating Margin (%)
10.42
12.69
17.96
13.11
22.68
22.87
Depreciation Expense
176
183
176
187
141
149
Net Income, GAAP
-47
-51
-51
-19
112
126
Effective Tax Rate (%)
- -
- -
- -
- -
34.74
31.94
Profit Margin (%)
-8.14
-7.3
-6.49
-2.03
10.2
10.9
Working Capital
57
116
99
225
90
167
LT Debt
2,276
2,239
2,226
1,245
1,471
1,466
Total Equity
2,121
2,106
2,050
3,080
3,879
3,937
Return on Invested Capital (%)
- -
- -
- -
- -
3.35
3.66
Return on Capital (%)
- -
- -
- -
- -
13.4
14.45
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
18
20
20
LT Borrowings
1,214
1,459
1,456
LT Finance Leases
22
12
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
175
192
192
Market Capitalization
6,564
5,824
4,405

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
614
308
387
Cash, Cash Equivalents & STI
421
86
159
Accounts Receivable, Net
146
177
173
Inventories
- -
- -
- -
Total Current Liabilities
158
218
220
Payables & Accruals
102
88
117
ST Debt
18
20
20
Deferred Revenue
9
68
65

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
25.94%
Free Cash Flow
- -
- -
98.73%
Net Income, GAAP
- -
- -
-686.09%
Sales/Revenue/Turnover
- -
- -
16.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
225
235
240
244
944
2025
256
271
269
304
1,099
2026
314
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.1
-0.21
0.03
0.11
-0.13
2025
0.17
0.19
0.18
0.1
0.63
2026
0.23
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Matthew J. Hawkins
Full Time Employees
1,700
Sector
Technology
Industry
Information Technology Services
Address
1550 Digital Drive Lehi UT United States of America 84043
IPO Date
Jun 7, 2024
Business
Waystar Holding Corp. Waystar Holding Corp. (Nasdaq: WAY) provides mission-critical cloud-based software platforms for healthcare revenue cycle management, enabling providers to streamline payments, enhance financial performance, and prioritize patient care. The company offers a comprehensive suite of solutions, including financial clearance for insurance verification, price transparency, and prior authorizations; patient financial care with self-service payments, personalized estimates, and video explanations of benefits; clinical integrity and revenue capture to identify missing charges; claim and payer payment management for automated monitoring, attachments, and remittances; denial prevention and recovery to track, appeal, and minimize denials; and analytics and reporting for actionable insights. Waystar Holding Corp. serves approximately 30,000 clients representing over 1 million providers, including 16 of the 20 top U.S. News Best Hospitals, across the United States, Puerto Rico, and other U.S. territories, processing over 6 billion transactions and $1.8 trillion in gross claims annually. Founded in 2017 and headquartered in Lehi, Utah, with additional offices in Louisville, Kentucky; Duluth, Georgia; Chicago, Illinois; Denver, Colorado; and Overland Park, Kansas, the company operates in the healthcare technology sector targeting hospitals, health systems, physician groups, and dental practices. In October 2025, Waystar Holding Corp. completed its acquisition of Iodine Software, integrating leading clinical AI capabilities with its financial datasets to expand its total addressable market by over 15%, enhance cross-selling opportunities, and accelerate AI-driven automation for denial prevention and revenue optimization; the deal, announced in July 2025 and funded with a mix of cash and stock, positions current Waystar shareholders to own 92% of the combined entity and is expected to be immediately accretive to gross and adjusted EBITDA margins.

Company News

APIChatGPT
  • Waystar Holding (WAY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

  • Waystar Earns Overall "A" Rating from KLAS for Revenue Cycle Suites, Cementing Its Platform Advantage in a Fragmented Market

  • Kaskela Law LLC Announces Investigation of Waystar Holding Corp. (WAY) and Encourages Long-Term WAY Shareholders to Contact the Firm

  • Waystar to Report Second Quarter 2026 Financial Results on July 29, 2026

  • Strength Seen in Waystar (WAY): Can Its 9.5% Jump Turn into More Strength?

  • Waystar to Host Investor Day at Waystar True North™ Conference on August 25, 2026

  • Waystar: Silently Taking Over Healthcare Billing

  • New Research Reveals Healthcare Leaders Who Unite Financial and Clinical Data Recover Millions in Previously Missed Revenue

  • Baron Discovery Fund Q1 2026: Who Moved The Needle

  • TBRG vs. Waystar: Which Healthcare RCM Stock Is the Better Bet Now?

  • Waystar to Speak at William Blair Conference

  • AI Is Coming for Pharmacy Benefit Managers: Potential Winners and Losers

  • Waystar Announces $200 Million Share Repurchase Authorization, Reflecting Confidence in Long-Term Outlook

  • Waystar: Revised Guidance Does Not Imply Demand Weakness

  • Waystar Named to TIME100 Most Influential Companies

  • Waystar Holding Corp. (WAY) Q1 2026 Earnings Call Transcript

  • Waystar (WAY) Reports Q1 Earnings: What Key Metrics Have to Say

  • Waystar Holding (WAY) Q1 Earnings and Revenues Surpass Estimates

  • Waystar Reports First Quarter 2026 Results

  • WAY vs. FFIV: Which Stock Should Value Investors Buy Now?