Waystar Holding Corp.WAYEarnings & Financial Report
Waystar Holding Corp is a leading provider of integrated healthcare payment and revenue cycle management solutions. It serves healthcare providers, health systems, and payers across the United States, offering tools that streamline billing, claims processing, patient payment collection, and revenue optimization to reduce administrative burdens and improve financial performance for healthcare organizations.
WAY Q1 FY2026 Key Financial Metrics
Revenue
$313.9M
Gross Profit
N/A
Operating Profit
$80.5M
Net Profit
$43.3M
Gross Margin
N/A
Operating Margin
25.6%
Net Margin
13.8%
YoY Growth
22.4%
EPS
$0.42
Waystar Holding Corp. Q1 FY2026 Financial Summary
Waystar Holding Corp. reported revenue of $313.9M (up 22.4% YoY) for Q1 FY2026, with a net profit of $43.3M (up 47.9% YoY) (13.8% margin).
Key Financial Metrics
| Total Revenue | $313.9M |
|---|---|
| Net Profit | $43.3M |
| Gross Margin | N/A |
| Operating Margin | 25.6% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Waystar Holding Corp. Q1 FY2026 revenue of $313.9M breaks down across 2 segments, led by Subscription at $172.2M (54.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription | $172.2M | 54.9% |
| Volume-based | $139.5M | 44.4% |
Waystar Holding Corp. Annual Revenue by Year
Waystar Holding Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.1B).
Waystar Holding Corp. Quarterly Revenue & Net Profit History
Waystar Holding Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $313.9M | +22.4% | $43.3M | 13.8% |
| Q4 FY2025 | $303.5M | +24.3% | $20.0M | 6.6% |
| Q3 FY2025 | $268.7M | +11.9% | $30.6M | 11.4% |
| Q2 FY2025 | $270.7M | +15.4% | $32.2M | 11.9% |
| Q1 FY2025 | $256.4M | +14.1% | $29.3M | 11.4% |
| Q4 FY2024 | $244.1M | — | $19.1M | 7.8% |
| Q3 FY2024 | $240.1M | +21.7% | $5.4M | 2.3% |
| Q2 FY2024 | $234.5M | +19.7% | $-27.7M | -11.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $234.5M | $240.1M | $244.1M | $256.4M | $270.7M | $268.7M | $303.5M | $313.9M |
| YoY Growth | 19.7% | 21.7% | N/A | 14.1% | 15.4% | 11.9% | 24.3% | 22.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.57B | $4.54B | $4.58B | $4.62B | $4.68B | $4.75B | $5.79B | $5.84B |
| Liabilities | $1.62B | $1.49B | $1.50B | $1.49B | $1.50B | $1.52B | $1.91B | $1.90B |
| Equity | $2.95B | $3.05B | $3.08B | $3.13B | $3.17B | $3.22B | $3.88B | $3.94B |
Cash Flow
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $15.4M | $78.8M | $64.2M | $96.8M | $82.0M | $66.6M | $84.9M |