Waystar Holding Corp. (WAY) income statement
NASDAQ · Healthcare · Medical - Healthcare Information Services · 1,700 employees · CEO Matthew J. Hawkins
- Price
- $28.00 -0.74%
- Market cap
- $5.37B
- Enterprise value
- $6.84B
- Last report
- Q2 '26 filed 2026-07-29
- Next report
- 2026-11-02 EPS est. $0.41
Waystar Holding Corp. (WAY) reported revenue of $320M for Q2 '26 (+18.1% year on year), operating income of $76M (23.8% of revenue) and net income of $40.9M. Over the last four quarters revenue was $1.21B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197M | $207M | $225M | $235M | $240M | $244M | $256M | $271M | $269M | $304M | $314M | $320M | |
| Cost of revenue | $62.9M | $67.2M | $75.2M | $80.5M | $80.5M | $79.5M | $83.3M | $87M | $85.1M | $92.6M | $97M | $97.7M | |
| Gross profit | $134M | $140M | $150M | $154M | $160M | $165M | $173M | $184M | $184M | $211M | $217M | $222M | |
| Research & development | $8.97M | $9.78M | $10.3M | $15.9M | $11.1M | $11.5M | $11.1M | $12.6M | $12.4M | $18.5M | $18.4M | $17.7M | |
| Sales & marketing | $32.1M | $30.9M | $33.8M | $45.7M | $38.5M | $39M | $40.1M | $43.5M | $45.2M | $49.2M | $45.8M | $50.4M | |
| General & administrative | $17.4M | $16.4M | $26.1M | $40M | $22.7M | $23M | $23.3M | $29.2M | $32.4M | $43.7M | $30.7M | $36.4M | |
| Other operating expenses | $43.7M | $44.7M | $44.2M | $44.3M | $60.2M | $38M | $33.4M | $33.4M | $33.3M | $40.4M | $41.5M | $41.5M | |
| Operating expenses | $102M | $102M | $114M | $146M | $132M | $111M | $108M | $119M | $123M | $152M | $136M | $146M | |
| Operating income | $32.2M | $37.7M | $35.2M | $8.25M | $27.1M | $53.1M | $65.2M | $64.8M | $60.2M | $59M | $80.5M | $76M | |
| Interest expense | $52.4M | $52.9M | $57.2M | $50.5M | $18.5M | $20.1M | $18.9M | $18.3M | $17.5M | $22.9M | $20.6M | $19.6M | |
| Total non-operating income | -$52.4M | -$52.9M | -$57.2M | -$50.5M | -$18.5M | -$20.1M | -$18.9M | -$18.3M | -$17.5M | -$22.9M | -$20.6M | -$19.6M | |
| Income before tax | -$20.2M | -$15.2M | -$22M | -$42.3M | $8.69M | $33.1M | $46.3M | $46.6M | $42.7M | $36.1M | $59.8M | $56.4M | |
| Income tax | -$4.71M | -$757K | -$6.06M | -$14.6M | $3.27M | $14M | $17M | $14.4M | $12.1M | $16.2M | $16.5M | $15.5M | |
| Net income | -$15.5M | -$14.4M | -$15.9M | -$27.7M | $5.41M | $19.1M | $29.3M | $32.2M | $30.6M | $20M | $43.3M | $40.9M | |
| EPS (basic) | -$0.09 | -$0.09 | -$0.10 | -$0.17 | $0.03 | $0.11 | $0.17 | $0.19 | $0.18 | $0.10 | $0.23 | $0.21 | |
| EPS (diluted) | -$0.09 | -$0.09 | -$0.10 | -$0.17 | $0.03 | $0.11 | $0.16 | $0.18 | $0.17 | $0.10 | $0.22 | $0.21 | |
| Shares (basic, weighted) | 167M | 167M | 167M | 167M | 172M | 173M | 172M | 173M | 174M | 191M | 192M | 192M | |
| Shares (diluted, weighted) | 167M | 167M | 167M | 167M | 176M | 179M | 181M | 182M | 181M | 197M | 195M | 195M | |
| Depreciation & amortization | $43.7M | $44.7M | $44.2M | $44.3M | $60.2M | $38M | $33.4M | $33.4M | $33.3M | $40.4M | $41.5M | $41.5M | |
| EBITDA | $75.9M | $82.4M | $79.4M | $52.5M | $87.3M | $91.2M | $98.6M | $98.3M | $93.5M | $99.5M | $122M | $118M |
| Income statement | Trend | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $579M | $705M | $791M | $944M | $1.1B | |
| Cost of revenue | $152M | $215M | $250M | $316M | $348M | |
| Gross profit | $427M | $490M | $541M | $628M | $751M | |
| Research & development | $28.3M | $32.8M | $35.3M | $48.8M | $54.6M | |
| Sales & marketing | $96.5M | $111M | $124M | $157M | $178M | |
| General & administrative | $65.5M | $73.1M | $62.9M | $112M | $129M | |
| Other operating expenses | $176M | $183M | $176M | $187M | $141M | |
| Operating expenses | $366M | $401M | $399M | $504M | $502M | |
| Operating income | $60.3M | $89.5M | $142M | $124M | $249M | |
| Interest expense | $127M | $155M | $206M | $146M | $77.5M | |
| Total non-operating income | -$127M | -$155M | -$206M | -$146M | -$77.5M | |
| Income before tax | -$66.7M | -$65.9M | -$63.8M | -$22.5M | $172M | |
| Income tax | -$19.6M | -$14.4M | -$12.5M | -$3.42M | $59.7M | |
| Net income | -$47.1M | -$51.5M | -$51.3M | -$19.1M | $112M | |
| EPS (basic) | -$0.28 | -$0.31 | -$0.31 | -$0.13 | $0.63 | |
| EPS (diluted) | -$0.28 | -$0.31 | -$0.31 | -$0.13 | $0.61 | |
| Shares (basic, weighted) | 167M | 167M | 167M | 150M | 178M | |
| Shares (diluted, weighted) | 167M | 167M | 167M | 150M | 185M | |
| Depreciation & amortization | $176M | $183M | $176M | $187M | $141M | |
| EBITDA | $236M | $273M | $319M | $310M | $390M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02