Waystar Holding Corp. (WAY)

Waystar Holding Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	943.55	791.01	704.87	578.57
Revenue Growth (YoY)	19.28%	12.22%	21.83%	-
Cost of Revenue	315.73	249.77	214.89	151.77
Gross Profit	627.82	541.24	489.98	426.8
Selling, General & Admin	268.69	186.46	173.7	162.09
Research & Development	48.78	35.33	32.81	28.34
Operating Expenses	486.22	398.26	389.68	366.48
Operating Income	141.6	142.98	100.31	60.32
Interest Expense	-146.27	-205.92	-155.33	-127.01
EBT Excluding Unusual Items	-4.67	-62.93	-55.02	-66.7
Merger & Restructuring Charges	-17.88	-0.9	-	-
Asset Writedown	-	-	-10.86	-
Pretax Income	-22.55	-63.83	-65.88	-66.7
Income Tax Expense	-3.42	-12.5	-14.42	-19.58
Net Income	-19.13	-51.33	-51.46	-47.12
Net Income to Common	-19.13	-51.33	-51.46	-47.12
Shares Outstanding (Basic)	150	122	122	121
Shares Outstanding (Diluted)	150	122	122	121
Shares Change (YoY)	23.21%	-0.01%	0.22%	-
EPS (Basic)	-0.13	-0.42	-0.42	-0.39
EPS (Diluted)	-0.13	-0.42	-0.42	-0.39
Free Cash Flow	142.5	29.94	85.2	91.87
Free Cash Flow Per Share	0.95	0.25	0.70	0.76
Gross Margin	66.54%	68.42%	69.51%	73.77%
Operating Margin	15.01%	18.08%	14.23%	10.42%
Profit Margin	-2.03%	-6.49%	-7.30%	-8.14%
Free Cash Flow Margin	15.10%	3.79%	12.09%	15.88%
EBITDA	300.16	312.65	277.87	233.97
EBITDA Margin	31.81%	39.53%	39.42%	40.44%
D&A For EBITDA	158.55	169.67	177.57	173.66
EBIT	141.6	142.98	100.31	60.32
EBIT Margin	15.01%	18.08%	14.23%	10.42%
Advertising Expenses	12.5	10.5	10.9	10

Source: S&P Capital IQ. Standard template. Financial Sources.