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Waystar Holding Corp. Common Stock (WAY) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

HEALTHCARE · HEALTH INFORMATION SERVICES · DATA UPDATED 2026-08-22

Waystar Holding Corp. Common Stock (WAY) operates in the HEALTH INFORMATION SERVICES industry and is headquartered in Lehi, United States with about 1,700 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, WAY reported $1.1B in revenue and $112M in net income.

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions.

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WAY Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$1.2B$1.1B$944M$791M$705M$579M
Gross Profit$833M$751M$628M$541M$490M$427M
Gross Margin %69.1%68.3%66.5%68.4%69.5%73.8%
Operating Income (EBIT)$276M$249M$124M$142M$89M$60M
Operating Margin %22.9%22.7%13.1%18.0%12.7%10.4%
Net Income$135M$112M($19M)($51M)($51M)($47M)
Net Margin %11.2%10.2%-2.0%-6.5%-7.3%-8.1%
EBITDA$432M$390M$310M$319M$273M$236M
Earnings Per Share (EPS)$0.70$0.61$-0.13$-0.31$-0.31$-0.28
Shares Outstanding (M)195M185M150M167M167M167M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WAY Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$320M$314M$304M$269M$271M$256M$244M$240M
Gross Profit$222M$217M$211M$184M$184M$173M$165M$160M
Gross Margin %69.4%69.1%69.5%68.3%67.8%67.5%67.4%66.5%
Operating Income (EBIT)$76M$80M$59M$60M$65M$65M$53M$27M
Operating Margin %23.8%25.6%19.4%22.4%24.0%25.4%21.8%11.3%
Net Income$41M$43M$20M$31M$32M$29M$19M$5M
Net Margin %12.8%13.8%6.6%11.4%11.9%11.4%7.8%2.2%
EBITDA$118M$122M$99M$94M$98M$99M$91M$87M
Earnings Per Share (EPS)$0.21$0.22$0.10$0.17$0.18$0.16$0.11$0.03
Shares Outstanding (M)195M195M197M181M182M181M179M176M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WAY Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Cash from Operations (CFO)$293M$310M$170M$51M$103M$106M
Capital Expenditures (CapEx)$47M$26M$27M$22M$17M$15M
Free Cash Flow (FCF)$246M$283M$142M$30M$85M$92M
FCF Margin %20.4%25.8%15.1%3.8%12.1%15.9%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WAY Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$59M$85M$67M$82M$97M$64M$65M$79M
Capital Expenditures (CapEx)$16M$15M$9M$6M$6M$5M$6M$9M
Free Cash Flow (FCF)$43M$70M$57M$76M$91M$59M$59M$70M
FCF Margin %13.5%22.2%18.9%28.3%33.6%22.9%24.0%29.2%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WAY Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$5.9B$5.8B$4.6B$4.6B$4.7B$4.8B
Cash & Cash Equivalents$13M$61M$182M$36M$65M$47M
Total Liabilities$1.9B$1.9B$1.5B$2.5B$2.6B$2.7B
Total Debt (Short + Long-Term)$1.5B$1.5B$1.2B$2.2B$2.2B$2.3B
Total Shareholders' Equity$4.0B$3.9B$3.1B$2.0B$2.1B$2.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WAY viewer.

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