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Stocks · Technology · Services-Computer Integrated Systems Design

Waystar Holding Corp.

WAY Clue Score63
United States Fiscal year ends December CIK 0001990354
$26.68 +0.76% Close, 9 Oct 2026
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Price $26.68 −28.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 7 Jun 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue704.9Operating income89.5Net income−51.5EPS, diluted−0.42Fiscal year 2023Revenue791.0 +12.2%Operating income142.1Net income−51.3EPS, diluted−0.42Fiscal year 2024Revenue943.5 +19.3%Operating income123.7Net income−19.1EPS, diluted−0.13Fiscal year 2025Revenue1,099.3 +16.5%Operating income249.3Net income112.1EPS, diluted0.61
FY2022FY2023FY2024FY2025
Revenue 704.9 791.0 943.5 1,099.3
Growth +12.2% +19.3% +16.5%
Operating income 89.5 142.1 123.7 249.3
Net income −51.5 −51.3 −19.1 112.1
Growth
EPS, diluted −0.42 −0.42 −0.13 0.61
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2022Operating margin12.7%Net margin−7.3%Free cash flow margin12.1%Fiscal year 2023Operating margin18.0%Net margin−6.5%Free cash flow margin3.8%Fiscal year 2024Operating margin13.1%Net margin−2.0%Free cash flow margin15.1%Fiscal year 2025Operating margin22.7%Net margin10.2%Free cash flow margin25.8%
FY2022FY2023FY2024FY2025
Operating margin 12.7% 18.0% 13.1% 22.7%
Net margin −7.3% −6.5% −2.0% 10.2%
Free cash flow margin 12.1% 3.8% 15.1% 25.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow102.6Capital expenditure−17.4Free cash flow85.2Buybacks−2.5Fiscal year 2023Operating cash flow51.5Capital expenditure−21.5Free cash flow29.9 −64.9%Buybacks−0.7Fiscal year 2024Operating cash flow169.8Capital expenditure−27.3Free cash flow142.5 +375.9%Buybacks−0.8Fiscal year 2025Operating cash flow309.7Capital expenditure−26.5Free cash flow283.2 +98.7%Buybacks0.0
FY2022FY2023FY2024FY2025
Operating cash flow 102.6 51.5 169.8 309.7
Capital expenditure −17.4 −21.5 −27.3 −26.5
Free cash flow 85.2 29.9 142.5 283.2
Growth −64.9% +375.9% +98.7%
Buybacks −2.5 −0.7 −0.8 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash64.6Shareholders’ equity2,106.2Fiscal year 2023Cash35.6Total debt2,217.7Net cash (debt)−2,182.1Shareholders’ equity2,049.9Debt to equity1.08Fiscal year 2024Cash182.1Total debt1,232.3Net cash (debt)−1,050.2Shareholders’ equity3,079.8Debt to equity0.40Fiscal year 2025Cash61.4Total debt1,472.9Net cash (debt)−1,411.5Shareholders’ equity3,878.8Debt to equity0.38
FY2022FY2023FY2024FY2025
Cash 64.6 35.6 182.1 61.4
Total debt n/a 2,217.7 1,232.3 1,472.9
Net cash (debt) n/a −2,182.1 −1,050.2 −1,411.5
Shareholders’ equity 2,106.2 2,049.9 3,079.8 3,878.8
Debt to equity n/a 1.08 0.40 0.38

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
102.6 51.5 169.8 309.7
Growth −49.9% +229.9% +82.4%
183.2 176.5 186.6 140.5
Investment
−17.4 −21.5 −27.3 −26.5
calc 85.2 29.9 142.5 283.2
Growth −64.9% +375.9% +98.7%
calc 0.70 0.25 0.95 1.53
−17.4 −61.5 −27.3 −680.9
Financing
−67.1 −17.2 16.7 243.5
−2.5 −0.7 −0.8 0.0

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.