Waystar (WAY)
Automates healthcare reimbursement, patient payments, denial recovery, and clinical revenue workflows.
$25.08
After hours−0.57 (−2.24%)
At close$25.65(−0.23%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 207 | 225 | 235 | 240 | 244 | 256 | 271 | 269 | 304 | 314 | 320 |
| Cost of revenue | 63 | 67 | 75 | 80 | 81 | 80 | 83 | 87 | 85 | 93 | 97 | 98 |
| Gross profit | 134 | 140 | 150 | 154 | 160 | 165 | 173 | 184 | 184 | 211 | 217 | 222 |
| 102 | 102 | 114 | 146 | 132 | 111 | 108 | 119 | 123 | 152 | 136 | 146 | |
| Research & development | 9 | 10 | 10 | 16 | 11 | 11 | 11 | 13 | 12 | 19 | 18 | 18 |
| 49 | 47 | 60 | 86 | 61 | 62 | 63 | 73 | 78 | 93 | 77 | 87 | |
| Selling & marketing | 32 | 31 | 34 | 46 | 38 | 39 | 40 | 44 | 45 | 49 | 46 | 50 |
| General & administrative | 17 | 16 | 26 | 40 | 23 | 23 | 23 | 29 | 32 | 44 | 31 | 36 |
| Other expenses | 44 | 45 | 44 | 44 | 60 | 38 | 33 | 33 | 33 | 40 | 41 | 41 |
| Operating income | 32 | 38 | 35 | 8 | 27 | 53 | 65 | 65 | 60 | 59 | 80 | 76 |
| −52 | −53 | −57 | −51 | −18 | −20 | −19 | −18 | −18 | −23 | −21 | −20 | |
| Interest expense | 52 | 53 | 57 | 51 | 18 | 20 | 19 | 18 | 18 | 23 | 21 | 20 |
| Income before tax | −20 | −15 | −22 | −42 | 9 | 33 | 46 | 47 | 43 | 36 | 60 | 56 |
| Income tax expense | −5 | −1 | −6 | −15 | 3 | 14 | 17 | 14 | 12 | 16 | 17 | 16 |
| Net income from continuing operations | −15 | −14 | −16 | −28 | 5 | 19 | 29 | 32 | 31 | 20 | 43 | 41 |
| Net income | −15 | −14 | −16 | −28 | 5 | 19 | 29 | 32 | 31 | 20 | 43 | 41 |
| EPS, basic | −$0.09 | −$0.09 | −$0.10 | −$0.17 | $0.03 | $0.11 | $0.17 | $0.19 | $0.18 | $0.10 | $0.23 | $0.21 |
| EPS, diluted | −$0.09 | −$0.09 | −$0.10 | −$0.17 | $0.03 | $0.11 | $0.16 | $0.18 | $0.17 | $0.10 | $0.22 | $0.21 |
| Weighted average shares, basic | 167 | 167 | 167 | 167 | 172 | 173 | 172 | 173 | 174 | 191 | 192 | 192 |
| Weighted average shares, diluted | 167 | 167 | 167 | 167 | 176 | 179 | 181 | 182 | 181 | 197 | 195 | 195 |
| EBITDA | 76 | 82 | 79 | 53 | 87 | 91 | 99 | 98 | 94 | 99 | 122 | 118 |
| Depreciation & amortization | 44 | 45 | 44 | 44 | 60 | 38 | 33 | 33 | 33 | 40 | 41 | 41 |
| EBIT | 32 | 38 | 35 | 8 | 27 | 53 | 65 | 65 | 60 | 59 | 80 | 76 |
