Waystar Holding Corp.

WAY

WAYWaystar Holding Corp. US flag

NASDAQ Global Select

20.83

USD

-0.68

- -

4.00BMarket Cap

Income Statement (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	579	705	791	944	1,099
+ Sales & Services Revenue	579	705	791	944	1,099
- Cost of Revenue	152	215	250	316	348
+ Cost of Goods & Services	152	215	250	316	348
Gross Profit	427	490	541	628	751
+ Other Operating Income	- -	- -	- -	- -	- -
- Operating Expenses	366	401	399	504	502
+ Selling, General & Admin	162	185	187	269	307
+ Research & Development	28	33	35	49	55
+ Other Operating Expense	176	183	176	187	141
Operating Income (Loss)	60	89	142	124	249
- Non-Operating (Income) Loss	127	155	206	146	78
+ Interest Expense, Net	127	155	206	146	78
+ Interest Expense	127	155	206	146	78
- Interest Income	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -
Pretax Income	-67	-66	-64	-23	172
- Income Tax Expense (Benefit)	-20	-14	-12	-3	60
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-47	-51	-51	-19	112
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-47	-51	-51	-19	112
- Minority Interest	- -	- -	- -	- -	- -
Net Income, GAAP	-47	-51	-51	-19	112
- Preferred Dividends	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-47	-51	-51	-19	112
EBIT	60	89	142	124	249
EBITDA	236	273	319	310	390
EBITDA Margin (%)	40.86	38.68	40.27	32.89	35.46
EBITA	60	89	142	124	249
Gross Margin (%)	73.77	69.51	68.42	66.54	68.33
Operating Margin (%)	10.42	12.69	17.96	13.11	22.68
Profit Margin (%)	-8.14	-7.3	-6.49	-2.03	10.2
Sales per Employee	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -
Depreciation Expense	176	183	176	187	141
Basic Weighted Avg Shares	167	167	167	150	178
Basic EPS, GAAP	-0.28	-0.31	-0.31	-0.13	0.63
Basic EPS from Cont Ops	-0.28	-0.31	-0.31	-0.13	0.63
Diluted Weighted Avg Shares	167	167	167	150	185
Diluted EPS, GAAP	-0.28	-0.31	-0.31	-0.13	0.61
Diluted EPS from Cont Ops	-0.28	-0.31	-0.31	-0.13	0.61

Balance Sheet (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	167	218	222	371	308
+ Cash, Cash Equivalents & STI	47	65	36	182	86
+ Cash & Cash Equivalents	47	65	36	182	61
+ ST Investments	- -	- -	- -	- -	25
+ Accounts & Notes Receiv	103	111	133	148	183
+ Accounts Receivable, Net	92	107	126	145	177
+ Notes Receivable, Net	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -
+ Other Receivable, Net	11	4	7	3	6
+ Inventories	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -
+ Other ST Assets	17	42	54	41	39
+ Misc ST Assets	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -
Total Noncurrent Assets	4,610	4,476	4,361	4,206	5,477
+ Property, Plant & Equip, Net	59	68	72	58	65
+ Property, Plant & Equip	99	120	141	137	162
- Accumulated Depreciation	40	52	69	79	98
+ LT Investments & Receivables	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -
+ Other LT Assets	4,551	4,409	4,289	4,148	5,412
+ Total Intangible Assets	4,504	4,336	4,217	4,059	5,310
+ Goodwill	3,010	3,010	3,030	3,020	4,017
+ Other Intangible Assets	1,494	1,327	1,187	1,039	1,293
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -
+ Misc LT Assets	47	73	72	89	102
Total Assets	4,777	4,694	4,583	4,577	5,785
+ Payables & Accruals	50	43	66	85	88
+ Accounts Payable	35	28	45	47	51
+ Accrued Taxes	3	2	4	8	8
+ Interest & Dividends Payable	- -	- -	- -	- -	- -
+ Other Payables & Accruals	12	13	17	30	29
+ ST Debt	19	23	23	18	20
+ ST Borrowings	18	18	18	12	14
+ ST Finance Leases	1	5	5	6	6
+ Other ST Liabilities	41	36	34	42	110
+ Deferred Revenue	12	10	11	11	68
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Misc ST Liabilities	29	26	23	32	42
Total Current Liabilities	110	102	123	146	218
+ LT Debt	2,276	2,239	2,226	1,245	1,471
+ LT Borrowings	2,263	2,208	2,200	1,221	1,459
+ LT Finance Leases	14	31	26	24	12
+ Other LT Liabilities	269	247	183	107	218
+ Accrued Liabilities	264	247	181	106	217
+ Pension Liabilities	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -
+ Misc LT Liabilities	5	- -	3	- -	1
Total Noncurrent Liabilities	2,545	2,486	2,410	1,352	1,688
Total Liabilities	2,656	2,588	2,533	1,497	1,906
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,221	2,227	2,236	3,300	3,988
+ Common Stock	2	1	1	2	2
+ Additional Paid in Capital	2,219	2,226	2,235	3,298	3,986
- Treasury Stock	- -	- -	- -	- -	- -
+ Retained Earnings	-99	-150	-202	-221	-109
+ Other Equity	- -	30	16	1	-1
Equity Before Minority Interest	2,121	2,106	2,050	3,080	3,879
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -
Total Equity	2,121	2,106	2,050	3,080	3,879
Total Liabilities & Equity	4,777	4,694	4,583	4,577	5,785
Shares Outstanding	167	167	167	172	192
Number of Employees	- -	- -	- -	- -	- -
Capital Leases - Total	14	35	32	31	18
Net Debt	2,233	2,161	2,182	1,050	1,412
Net Debt to Equity	105.29	102.62	106.45	34.1	36.39
Tangible Common Equity Ratio	-873.09	-622.36	-592.04	-189.06	-300.95
Current Ratio	1.51	2.13	1.8	2.55	1.41
Cash Conversion Cycle	- -	-1.83	0.03	-1.19	1.97

Cash Flow Statement (USD)

API ChatGPT

	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-47	-51	-51	-19	112
+ Depreciation & Amortization	176	183	176	187	141
+ Non-Cash Items	-4	6	-39	22	95
+ Stock-Based Compensation	7	8	9	54	42
+ Deferred Income Taxes	-23	-27	-62	-59	45
+ Asset Impairment Charge	- -	11	- -	- -	- -
+ Other Non-Cash Adj	13	14	14	27	8
+ Chg in Non-Cash Work Cap	-19	-35	-35	-20	-38
+ (Inc) Dec in Accts Receiv	-13	-11	-19	-18	-24
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	1	-1	-10	-2	-2
+ Inc (Dec) in Accts Payable	12	-3	12	18	9
+ Inc (Dec) in Other	-19	-20	-18	-18	-21
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Operating Activities	106	103	51	170	310
+ Change in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-15	-17	-22	-27	-26
+ Acq of Fixed Prod Assets	-15	-17	-22	-27	-26
+ Acq of Intangible Assets	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-1	-2	- -	1,018	26
+ Increase in Capital Stock	1	1	- -	1,019	26
+ Decrease in Capital Stock	-2	-2	-1	-1	- -
+ Net Change in LT Investment	- -	- -	- -	- -	-25
+ Dec in LT Investment	- -	- -	- -	- -	206
+ Inc in LT Investment	- -	- -	- -	- -	-231
+ Net Cash From Acq & Div	-430	- -	-40	- -	-630
+ Cash from Divestitures	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-430	- -	-40	- -	-630
+ Cash for JVs	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Investing Activities	-444	-17	-62	-27	-681
+ Dividends Paid	- -	- -	- -	- -	- -
+ Net Cash From Debt	349	-66	-19	-1,009	225
+ Cash From Debt	367	- -	20	576	390
+ Repayments of Debt	-18	-66	-39	-1,585	-165
+ Other Financing Activities	-17	1	2	8	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -
Cash from Financing Activities	332	-67	-17	17	243
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -
Net Changes in Cash	-6	18	-27	159	-128
EBITDA	236	273	319	310	390
EBITDA Margin (%)	40.86	38.68	40.27	32.89	35.46
Free Cash Flow	92	85	30	142	283
Net Cash Paid for Acquisitions	430	- -	40	- -	630
Free Cash Flow to Firm	- -	- -	- -	- -	334
Free Cash Flow to Equity	- -	19	11	-866	508
Free Cash Flow per Basic Share	0.55	0.51	0.18	0.95	1.59
Price/Free Cash Flow	- -	- -	- -	27.92	18
Cash Flow to Net Income	-2.26	-1.99	-1	-8.88	2.76
Capital Expenditures	-15	-17	-22	-27	-26