Waystar Holding Corp. (WAY)

Waystar Holding Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	906.14	791.01	704.87	578.57
Revenue Growth (YoY)	18.23%	12.22%	21.83%	-
Cost of Revenue	303.38	249.77	214.89	151.77
Gross Profit	602.77	541.24	489.98	426.8
Selling, General & Admin	254.09	186.46	173.7	162.09
Research & Development	47.09	35.33	32.81	28.34
Operating Expenses	478.7	398.26	389.68	366.48
Operating Income	124.07	142.98	100.31	60.32
Interest Expense	-179.04	-205.92	-155.33	-127.01
EBT Excluding Unusual Items	-54.97	-62.93	-55.02	-66.7
Merger & Restructuring Charges	-	-0.9	-	-
Asset Writedown	-15.8	-	-10.86	-
Pretax Income	-70.77	-63.83	-65.88	-66.7
Income Tax Expense	-18.16	-12.5	-14.42	-19.58
Net Income	-52.62	-51.33	-51.46	-47.12
Net Income to Common	-52.62	-51.33	-51.46	-47.12
Shares Outstanding (Basic)	137	122	122	121
Shares Outstanding (Diluted)	137	122	122	121
Shares Change (YoY)	12.76%	-0.01%	0.22%	-
EPS (Basic)	-0.38	-0.42	-0.42	-0.39
EPS (Diluted)	-0.40	-0.43	-0.43	-0.39
Free Cash Flow	89.62	29.94	85.2	91.87
Free Cash Flow Per Share	0.65	0.25	0.70	0.76
Gross Margin	66.52%	68.42%	69.51%	73.77%
Operating Margin	13.69%	18.08%	14.23%	10.42%
Profit Margin	-5.81%	-6.49%	-7.30%	-8.14%
Free Cash Flow Margin	9.89%	3.79%	12.09%	15.88%
EBITDA	291.19	312.65	277.87	233.97
EBITDA Margin	32.14%	39.53%	39.42%	40.44%
D&A For EBITDA	167.12	169.67	177.57	173.66
EBIT	124.07	142.98	100.31	60.32
EBIT Margin	13.69%	18.08%	14.23%	10.42%
Advertising Expenses	-	10.5	10.9	10

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