Waystar Holding Corp. (WAY)

Waystar Holding Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,099	943.55	791.01	704.87	578.57
Revenue Growth (YoY)	16.50%	19.28%	12.22%	21.83%	-
Cost of Revenue	348.16	315.73	249.77	214.89	151.77
Gross Profit	751.12	627.82	541.24	489.98	426.8
Selling, General & Admin	306.64	268.69	187.36	184.56	162.09
Depreciation & Amortization Expenses	140.55	186.63	176.47	183.17	176.06
Research & Development	54.62	48.78	35.33	32.81	28.34
Total Operating Expenses	501.81	504.09	399.16	400.53	366.48
Operating Income	249.31	123.73	142.08	89.45	60.32
Interest Expense	-77.54	-146.27	-205.92	-155.33	-127.01
Total Non-Operating Income (Expense)	-77.54	-146.27	-205.92	-155.33	-127.01
Pretax Income	171.76	-22.55	-63.83	-65.88	-66.7
Provision for Income Taxes	59.67	-3.42	-12.5	-14.42	-19.58
Net Income	112.09	-19.13	-51.33	-51.46	-47.12
Net Income to Common	112.09	-19.13	-51.33	-51.46	-47.12
Shares Outstanding (Basic)	178	150	122	122	121
Shares Outstanding (Diluted)	185	150	122	122	121
Shares Change (YoY)	23.26%	23.21%	-0.01%	0.22%	-
EPS (Basic)	0.63	-0.13	-0.42	-0.42	-0.38
EPS (Diluted)	0.61	-0.13	-0.42	-0.42	-0.38
Shares Outstanding	191.59	172.11	-	-	-
Free Cash Flow	283.19	142.5	29.94	85.2	91.87
Free Cash Flow Growth	98.73%	375.90%	-64.86%	-7.25%	-
Free Cash Flow Per Share	1.53	0.95	0.25	0.70	0.76
Gross Margin	68.33%	66.54%	68.42%	69.51%	73.77%
Operating Margin	22.68%	13.11%	17.96%	12.69%	10.42%
Profit Margin	10.20%	-2.03%	-6.49%	-7.30%	-8.14%
FCF Margin	25.76%	15.10%	3.79%	12.09%	15.88%
EBITDA	389.85	310.36	318.55	272.62	236.37
EBITDA Margin	35.46%	32.89%	40.27%	38.68%	40.86%
EBIT	249.31	123.73	142.08	89.45	60.32
EBIT Margin	22.68%	13.11%	17.96%	12.69%	10.42%
Effective Tax Rate	34.74%	15.17%	19.58%	21.89%	29.36%

Updated Feb 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q