Waystar Holding Corp. (WAY) Financial Statements
Industry: Computer Integrated Systems Design (Services)
In fiscal 2025, Waystar reported revenue of $1.10B, up 16.5% from $943.5M the year before. Net income was $112.1M (a 10.2% net margin), or $0.61 per diluted share. Gross margin was 22.7% and operating margin was 22.7%. Operating activities generated $309.7M of cash, leaving $283.2M of free cash flow. At fiscal year end, Waystar held $5.79B in total assets against $1.91B in total liabilities, including $61.4M of cash and equivalents.
Open the full interactive Waystar financials → Quarterly statements, key ratios, valuation history and price charts.
Waystar Key Stats
| Share Price | $26.30 |
|---|---|
| Market Cap | $5.12B |
| P/E Ratio | 43.1 |
| Revenue YoY Growth | +16.5% |
| 52-Week Range | $17.31 – $39.62 |
| Shares Outstanding | 191.9 million (basic, 2026 Q2) |
Waystar Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $943.5M | $1.10B |
| Cost of Goods Sold | $819.8M | $850.0M |
| Gross Profit | $123.7M | $249.3M |
| Operating Income | $123.7M | $249.3M |
| Pre-Tax Income | -$22.5M | $171.8M |
| Income Tax | -$3.4M | $59.7M |
| Net Income | -$19.1M | $112.1M |
| Diluted EPS | -$0.13 | $0.61 |
Waystar Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $268.7M | $303.5M | $313.9M | $319.7M |
| Net Income | $30.6M | $20.0M | $43.3M | $40.9M |
| Diluted EPS | $0.17 | $0.11 | $0.22 | $0.21 |
Waystar Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $182.1M | $61.4M |
| Current Assets | $371.0M | $308.4M |
| Total Assets | $4.58B | $5.79B |
| Current Liabilities | $145.6M | $218.1M |
| Total Long-Term Debt | $1.23B | $1.47B |
| Total Liabilities | $1.50B | $1.91B |
| Shareholders' Equity | $3.08B | $3.88B |
Waystar Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $169.8M | $309.7M |
| Cash From Investing | -$27.3M | -$680.9M |
| Cash From Financing | $16.7M | $243.4M |
| Free Cash Flow | $142.5M | $283.2M |
Figures from Waystar's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Waystar financials page for every line item.
Waystar Company Profile
| Ticker | WAY |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Integrated Systems Design (Services) |
| Headquarters | Lehi, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001990354 |
Frequently Asked Questions
What was Waystar's revenue in fiscal 2025?
Waystar (WAY) reported revenue of $1.10B for fiscal 2025.
What was Waystar's net income in fiscal 2025?
Waystar reported net income of $112.1M for fiscal 2025.
What was Waystar's earnings per share (EPS) in fiscal 2025?
Waystar's diluted EPS was $0.61 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Waystar generate in fiscal 2025?
Waystar generated $283.2M of free cash flow in fiscal 2025.
What was Waystar's revenue last quarter?
In its most recent reported quarter (2026 Q2), Waystar reported revenue of $319.7M.
How much debt does Waystar have?
Waystar reported $1.47B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Waystar are outstanding?
Waystar reported a weighted average of 191.9 million basic shares outstanding in 2026 Q2.
What is Waystar's market cap?
Based on its latest closing price, Waystar (WAY) has a market capitalization of about $5.12B.
When does Waystar's fiscal year end?
Waystar's fiscal year end, as registered with the SEC, is December 31.
Where is Waystar headquartered?
Waystar lists its business address in Lehi, Utah in its SEC filings.
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