Waystar Holding Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	975.19	943.55	791.01	704.87	578.57
Revenue Growth (YoY)	18.25%	19.28%	12.22%	21.83%	-
Cost of Revenue	323.88	315.73	249.77	214.89	151.77
Gross Profit	651.31	627.82	541.24	489.98	426.8
Selling, General & Admin	272.2	268.69	186.46	173.7	162.09
Research & Development	49.53	48.78	35.33	32.81	28.34
Operating Expenses	479.69	486.22	398.26	389.68	366.48
Operating Income	171.62	141.6	142.98	100.31	60.32
Interest Expense	-107.99	-146.27	-205.92	-155.33	-127.01
EBT Excluding Unusual Items	63.64	-4.67	-62.93	-55.02	-66.7
Merger & Restructuring Charges	-17.88	-17.88	-0.9	-	-
Asset Writedown	-	-	-	-10.86	-
Pretax Income	45.76	-22.55	-63.83	-65.88	-66.7
Income Tax Expense	19.68	-3.42	-12.5	-14.42	-19.58
Net Income	26.08	-19.13	-51.33	-51.46	-47.12
Net Income to Common	26.08	-19.13	-51.33	-51.46	-47.12
Shares Outstanding (Basic)	163	150	122	122	121
Shares Outstanding (Diluted)	165	150	122	122	121
Shares Change (YoY)	35.34%	23.21%	-0.01%	0.22%	-
EPS (Basic)	0.16	-0.13	-0.42	-0.42	-0.39
EPS (Diluted)	0.15	-0.13	-0.42	-0.42	-0.39
Free Cash Flow	196.15	142.5	29.94	85.2	91.87
Free Cash Flow Per Share	1.19	0.95	0.25	0.70	0.76
Gross Margin	66.79%	66.54%	68.42%	69.51%	73.77%
Operating Margin	17.60%	15.01%	18.08%	14.23%	10.42%
Profit Margin	2.67%	-2.03%	-6.49%	-7.30%	-8.14%
Free Cash Flow Margin	20.11%	15.10%	3.79%	12.09%	15.88%
EBITDA	318.38	300.16	312.65	277.87	233.97
EBITDA Margin	32.65%	31.81%	39.52%	39.42%	40.44%
D&A For EBITDA	146.76	158.55	169.67	177.57	173.66
EBIT	171.62	141.6	142.98	100.31	60.32
EBIT Margin	17.60%	15.01%	18.08%	14.23%	10.42%
Advertising Expenses	-	12.5	10.5	10.9	10

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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