Waystar Holding Corp. (WAY) — Financial statements
Income statement, balance sheet, and cash flow for Waystar Holding Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,099↑16.5% | 944↑19.3% | 791↑12.2% | 705↑21.8% | 579 | |
| Cost of Revenue | 389↑23.1% | 316↑26.4% | 250↑16.2% | 215↑41.6% | 152 | |
| Gross Profit | 711↑13.2% | 628↑16.0% | 541↑10.5% | 490↑14.8% | 427 | |
| Operating Expenses | ||||||
| R&D Expenses | 55↑12.0% | 49↑38.0% | 35↑7.7% | 33↑15.8% | 28 | |
| General & Administrative Expenses | 129↑15.1% | 112↑77.6% | 63↓13.9% | 73↑11.5% | 66 | |
| Selling & Marketing Expenses | 178↑13.4% | 157↑26.1% | 124↑11.6% | 111↑15.5% | 97 | |
| SG&A Expenses | 307↑14.1% | 269↑43.4% | 187↑1.5% | 185↑13.9% | 162 | |
| Other Expenses | 83↓55.4% | 187↑5.8% | 176↓3.7% | 183↑4.0% | 176 | |
| Operating Expenses | 444↓11.8% | 504↑26.3% | 399↓0.3% | 401↑9.3% | 366 | |
| Total Costs & Expenses | 833↑1.6% | 820↑26.3% | 649↑5.4% | 615↑18.8% | 518 | |
| Operating Results | ||||||
| Operating Income | 266↑115.2% | 124↓12.9% | 142↑58.8% | 89↑48.3% | 60 | |
| Depreciation & Amortization | 141↓24.7% | 187↑5.8% | 176↓3.7% | 183↑4.0% | 176 | |
| EBITDA | 406↑30.8% | 310↓2.6% | 319↑16.8% | 273↑15.3% | 236 | |
| EBIT | 265↑114.4% | 124↓12.9% | 142↑58.8% | 89↑48.3% | 60 | |
| Interest & Other Income | ||||||
| Net Interest Income | -79↑45.9% | -146↑29.0% | -206↓32.6% | -155↓22.3% | -127 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 79↓45.9% | 146↓29.0% | 206↑32.6% | 155↑22.3% | 127 | |
| Non-Operating Income | 0.90 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | -94↑35.4% | -146↑29.0% | -206↓32.6% | -155↓22.3% | -127 | |
| Income Before Tax | 172↑861.9% | -23↑64.7% | -64↑3.1% | -66↑1.2% | -67 | |
| Income Tax Expense | 60↑1844.9% | -3↑72.6% | -13↑13.3% | -14↑26.4% | -20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 112↑686.1% | -19↑62.7% | -51↑0.2% | -51↓9.2% | -47 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 112↑686.1% | -19↑62.7% | -51↑0.2% | -51↓9.2% | -47 | |
| Bottom-Line Net Income | 112↑686.1% | -19↑62.7% | -51↑0.2% | -51↓9.2% | -47 | |
| EPS (Basic) | 0.63↑584.6% | -0.13↑58.1% | -0.31↑0.0% | -0.31↓10.7% | -0.28 | |
| EPS (Diluted) | 0.61↑569.2% | -0.13↑58.1% | -0.31↑0.0% | -0.31↓10.7% | -0.28 | |
| Weighted Average Shares | 191↑27.7% | 150↓10.0% | 167↑0.0% | 167↑0.0% | 167 | |
| Weighted Average Diluted Shares | 197↑31.6% | 150↓10.0% | 167↑0.0% | 167↑0.0% | 167 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.