Waystar Holding Corp.

Waystar Holding Corp.

WAY
Waystar Holding Corp.US flagNASDAQ Global Select
25.07
USD
-1.01
- -
4.81BMarket Cap
Waystar Holding Corp.
WAY
(NASDAQ Global Select)

Recent

price

25.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
TTM
FRC
3.47
4.23
4.75
6.29
6.18
6.44
Revenue per Share
-0.28
-0.31
-0.31
-0.13
0.63
0.72
Basic EPS, GAAP
0.55
0.51
0.18
0.95
1.59
1.31
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
12.73
12.64
12.3
17.89
20.25
20.77
Book Value per Share
-14.3
-13.38
-13
-5.69
-7.47
-6.53
Tangible Book Value per Share
167
167
167
150
178
187
Basic Weighted Avg Shares
579
705
791
944
1,099
1,206
Sales/Revenue/Turnover
10.42
12.69
17.96
13.11
22.68
22.87
Operating Margin (%)
176
183
176
187
141
157
Depreciation Expense
-47
-51
-51
-19
112
135
Net Income, GAAP
- -
- -
- -
- -
34.74
30.91
Effective Tax Rate (%)
-8.14
-7.3
-6.49
-2.03
10.2
11.18
Profit Margin (%)
57
116
99
225
90
201
Working Capital
2,276
2,239
2,226
1,245
1,471
1,462
LT Debt
2,121
2,106
2,050
3,080
3,879
3,986
Total Equity
- -
- -
- -
- -
3.35
3.84
Return on Invested Capital (%)
- -
- -
- -
- -
3.35
3.85
Return on Capital (%)
- -
-2.43
-2.47
-0.75
3.22
3.77
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
20
20
19
LT Borrowings
1,459
1,456
1,453
LT Finance Leases
12
11
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
192
192
192
Market Capitalization
6,274
4,622
3,940

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
308
387
439
Cash, Cash Equivalents & STI
86
159
192
Accounts Receivable, Net
177
173
186
Inventories
- -
- -
- -
Total Current Liabilities
218
220
238
Payables & Accruals
88
117
132
ST Debt
20
20
19
Deferred Revenue
68
65
61

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
320
- -
- -
- -

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
0.21
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

  • Bain Capital Venture Investors LLC Takes $18.13 Billion Position in Waystar Holding Corp. $WAY

  • Bamco Inc. NY Purchases Shares of 1,787,600 Waystar Holding Corp. $WAY

  • Waystar Holding Corp. (WAY) Analyst/Investor Day Transcript

  • Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle

  • Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle

  • Waystar Targets Autonomous Revenue Cycle With AI, Automation Push at Investor Day

  • Waystar Expands Executive Leadership to Accelerate Innovation and Growth

  • Waystar Holding Corp. $WAY Shares Purchased by California State Teachers Retirement System

  • Waystar (WAY) Upgraded to Buy: What Does It Mean for the Stock?

  • WAY vs. ADSK: Which Stock Is the Better Value Option?

  • Waystar Holding Corp. (WAY) Q2 2026 Earnings Call Transcript

  • Waystar Q2 Earnings Call Highlights

  • Waystar (WAY) Reports Q2 Earnings: What Key Metrics Have to Say

  • Waystar Holding (WAY) Beats Q2 Earnings and Revenue Estimates

  • Waystar Announces Appointment of Alpana Wegner as Chief Financial Officer

  • Waystar Reports Second Quarter 2026 Results

  • Waystar Holding Corp. $WAY Stock Holdings Boosted by Fifth Third Bancorp

  • 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