Waystar Holding Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	126.1	112.09	-19.13	-51.33	-51.46	-47.12
Depreciation & Amortization	148.62	140.55	186.63	176.47	183.17	176.06
Stock-Based Compensation	46.77	42.07	54.44	8.85	8	6.83
Other Adjustments	44.57	53.05	-32.01	-47.9	-2.3	-10.55
Change in Receivables	-0.8	-7.32	-21.82	-16.71	-17.37	-15.23
Changes in Accounts Payable	7.4	8.93	18.23	11.92	-3.34	12.27
Changes in Income Taxes Payable	-13.39	-16.99	3.97	-2.46	6.43	2.57
Changes in Unearned Revenue	-8.94	-4.66	-0.84	-0.17	-1.32	3.43
Changes in Other Operating Activities	-21.91	-18.04	-19.71	-27.2	-19.18	-21.85
Operating Cash Flow	330.34	309.67	169.77	51.46	102.63	106.41
Operating Cash Flow Growth	47.94%	82.41%	229.90%	-49.86%	-3.55%	-
Capital Expenditures	-36.38	-26.48	-27.27	-21.52	-17.43	-14.54
Purchases of Investments	-331.09	-231.32	-	-	-	-
Proceeds from Sale of Investments	-	206.44	-	-	-	-
Payments for Business Acquisitions	2.04	-629.54	-	-40	-	-429.79
Investing Cash Flow	-763.52	-680.9	-27.27	-61.52	-17.43	-444.33
Long-Term Debt Issued	-	390.14	576.06	20	-64.98	367
Long-Term Debt Repaid	-173.07	-152.44	-1,584	-37.98	-	-16.73
Net Long-Term Debt Issued (Repaid)	-173.07	237.7	-1,008	-17.98	-64.98	350.27
Issuance of Common Stock	17.5	25.78	1,019	0.43	0.65	0.54
Repurchase of Common Stock	-	-	-0.84	-0.69	-2.45	-1.91
Net Common Stock Issued (Repurchased)	17.5	25.78	1,018	-0.26	-1.81	-1.37
Other Financing Activities	-8.16	-20.03	6.76	1.1	-0.28	-17.4
Financing Cash Flow	246.17	243.45	16.65	-17.15	-67.07	331.5
Net Cash Flow	-14.11	-127.77	159.15	-27.21	18.14	-6.43
Free Cash Flow	293.96	283.19	142.5	29.94	85.2	91.87
Free Cash Flow Growth	3.80%	98.73%	375.90%	-64.86%	-7.25%	-
FCF Margin	25.41%	25.76%	15.10%	3.79%	12.09%	15.88%
Free Cash Flow Per Share	1.56	1.53	0.95	0.25	0.70	0.76
Levered Free Cash Flow	28.42	433.1	-866.13	67.72	31.89	461.09
Unlevered Free Cash Flow	255.46	246	265.97	251.3	218.2	200.54

SEC Filings: 10-K · 10-Q