Waystar Holding Corp (WAY) financials
Waystar Holding revenue and earnings by year
Waystar Holding's revenue was $1.10 billion in the fiscal year to December 31, 2025, up 16.5% from the year before. Net income was $112 million, 10.2% of revenue. Since the fiscal year to December 31, 2022, revenue has grown 16.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 4 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
| Revenue | 1.10 | 0.94 | 0.79 | 0.70 |
| Revenue growth | 16.5% | 19.3% | 12.2% | — |
| Gross profit | 0.75 | 0.63 | 0.54 | 0.49 |
| Gross margin | 68.3% | 66.5% | 68.4% | 69.5% |
| Operating income | 0.25 | 0.12 | 0.14 | 0.09 |
| Operating margin | 22.7% | 13.1% | 18.0% | 12.7% |
| Net income | 0.11 | -0.02 | -0.05 | -0.05 |
| Net margin | 10.2% | -2.0% | -6.5% | -7.3% |
| Diluted EPS | $0.61 | -$0.13 | — | — |
| Free cash flow | 0.28 | 0.14 | 0.03 | 0.09 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WAY in Markets.
How Waystar Holding makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Subscription & Circulation | $176M | 55.1% |
| Volume Based Revenue | $142M | 44.5% |
| Implementation Services & Other Revenue | $1.24M | 0.4% |
See also: WAY valuation and P/E history · WAY returns
No forecast, no recommendation. This page describes Waystar Holding Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.