Waystar Holding Corp. (WAY)
NASDAQ: WAY · Real-Time Price · USD
27.42
-0.72 (-2.56%)
Nov 3, 2026, 12:39 PM EST - Market open
Waystar Holding Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 135.16 | 112.09 | -19.13 | -51.33 | -51.46 | -47.12 |
Depreciation & Amortization | 154.23 | 129.95 | 158.55 | 169.67 | 177.57 | 173.66 |
Other Amortization | 13.29 | 13.3 | 14.15 | 17.27 | 15.86 | 11.29 |
Loss (Gain) From Sale of Assets | - | - | - | - | 0.03 | - |
Asset Writedown & Restructuring Costs | 1.99 | - | 17.88 | - | 10.86 | - |
Stock-Based Compensation | 61.89 | 42.07 | 54.44 | 8.85 | 8 | 6.83 |
Provision & Write-off of Bad Debts | 3.6 | 3.32 | 2.67 | 2.42 | 2.52 | 2.56 |
Other Operating Activities | -13.93 | 47.04 | -38.62 | -60.79 | -25.96 | -22.01 |
Change in Accounts Receivable | -17.13 | -7.32 | -21.82 | -16.71 | -17.37 | -15.23 |
Change in Accounts Payable | 19.18 | 8.93 | 18.23 | 11.92 | -3.34 | 12.27 |
Change in Unearned Revenue | -5.8 | -4.66 | -0.84 | -0.17 | -1.32 | 3.43 |
Change in Income Taxes | -13.39 | -16.99 | 3.97 | -2.46 | 6.43 | 2.57 |
Change in Other Net Operating Assets | -24.25 | -18.04 | -19.71 | -27.2 | -19.18 | -21.85 |
Operating Cash Flow | 314.82 | 309.67 | 169.77 | 51.46 | 102.63 | 106.41 |
Operating Cash Flow Growth | 2.28% | 82.41% | 229.90% | -49.86% | -3.55% | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -50.77 | -26.48 | -27.27 | -21.52 | -17.43 | -14.54 |
Cash Acquisitions | -629.54 | -629.54 | - | -40 | - | -429.79 |
Investment in Securities | -244.13 | -24.88 | - | - | - | - |
Investing Cash Flow | -922.4 | -680.9 | -27.27 | -61.52 | -17.43 | -444.33 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 390.14 | 576.06 | 20 | - | 367 |
Long-Term Debt Repaid | - | -165.47 | -1,585 | -38.77 | -65.81 | -17.71 |
Net Debt Issued (Repaid) | 223.25 | 224.67 | -1,009 | -18.77 | -65.81 | 349.29 |
Issuance of Common Stock | 27.97 | 25.78 | 1,019 | 0.43 | 0.65 | 1.19 |
Repurchase of Common Stock | -33.49 | - | -0.84 | -0.69 | -2.45 | -1.91 |
Other Financing Activities | -0.52 | -7 | 7.58 | 1.89 | 0.55 | -17.07 |
Financing Cash Flow | 217.21 | 243.45 | 16.65 | -17.15 | -67.07 | 331.5 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | -390.38 | -127.77 | 159.15 | -27.21 | 18.14 | -6.43 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 264.05 | 283.19 | 142.5 | 29.94 | 85.2 | 91.87 |
Free Cash Flow Growth | -7.19% | 98.73% | 375.90% | -64.86% | -7.25% | - |
Free Cash Flow Margin | 20.91% | 25.76% | 15.10% | 3.79% | 12.09% | 15.88% |
Free Cash Flow Per Share | 1.35 | 1.53 | 0.95 | 0.25 | 0.70 | 0.76 |
Levered Free Cash Flow | 327.8 | 310.37 | 199.47 | 121.54 | 135 | - |
Unlevered Free Cash Flow | 376.65 | 356.13 | 286.95 | 239.77 | 221.82 | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 81.67 | 81.67 | 122.77 | 193 | 144.32 | 117.11 |
Cash Income Tax Paid | 32.42 | 32.42 | 51.1 | 51.45 | 5.57 | 2.1 |
Change in Working Capital | -41.41 | -38.09 | -20.17 | -34.62 | -34.78 | -18.81 |