Waystar Holding Corp. Common Stock

WAY · NASDAQ · Healthcare / Health Information Services

27.99USD-0.15 (-0.53%)

Price History

Full chart

Market Stats

Previous Close28.14

Open28.47

Day Range27.92 – 28.71

52-Week Range17.26 – 40.35

Volume1.15M

Market Cap4.74B

P/E (TTM)35.29

Forward P/E12.80

EPS0.70

Dividend Yield0.00%

Beta0.15

50-Day Avg24.23

200-Day Avg24.58

About

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.

Company Details

SectorHealthcare
IndustryHealth Information Services
CEOMr. Matthew J. Hawkins
Employees1.70K
Headquarters1550 Digital Drive, Lehi, UT, United States, 84043, USA
Websitehttps://www.waystar.com

Leadership

Mr. Matthew J. HawkinsCEO & Director · b. 1972
Mr. Steven M. Oreskovich CPAAdvisor · b. 1972
Mr. T. Craig BridgeChief Transformation Officer · b. 1973
Ms. Alpana Wegner CPAChief Financial Officer · b. 1973
Mr. Amit KhannaChief Product & Technology Officer
Mr. Anthony CarrozzellaChief Growth Officer of Health Systems & Hospitals
Mr. Eric AverySenior VP of Business Operations & Intelligence
Mr. Dustin HamiltonSenior Vice President of Product Management
Mr. Perry SweetExecutive Vice President of Enterprise Client Experience
Ms. Amy BishopSenior Vice President of Performance Marketing

Financials

Income Statement

Currency: USD	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	578.57M	704.87M	791.01M	943.55M	1.10B
Growth (%)	-	+21.83%	+12.22%	+19.28%	+16.50%
Cost of Revenue	151.77M	214.89M	249.77M	315.73M	348.16M
Gross Profit	426.80M	489.98M	541.24M	627.82M	751.12M
Gross Margin	73.77%	69.51%	68.42%	66.54%	68.33%
Operating Expense	366.48M	400.53M	399.16M	504.09M	501.81M
Operating Income	60.31M	89.45M	142.08M	123.72M	249.31M
Operating Margin	10.42%	12.69%	17.96%	13.11%	22.68%
EBITDA	236.37M	272.62M	318.55M	310.36M	389.85M
EBITDA Margin	40.86%	38.68%	40.27%	32.89%	35.46%
Net Income	-47.12M	-51.45M	-51.33M	-19.13M	112.09M
Net Income Margin	-8.14%	-7.30%	-6.49%	-2.03%	10.20%
R&D	28.34M	32.81M	35.33M	48.77M	54.62M
R&D as % of Total Revenue	4.90%	4.65%	4.47%	5.17%	4.97%
Interest Expense	127.01M	155.32M	205.92M	146.27M	77.54M
Interest Expense % of Total Revenue	21.95%	22.04%	26.03%	15.50%	7.05%

Balance Sheet

Currency: USD	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	4.78B	4.69B	4.58B	4.58B	5.79B
Total Liabilities	2.66B	2.59B	2.53B	1.50B	1.91B
Total Equity	2.12B	2.11B	2.05B	3.08B	3.88B
Cash	47.25M	64.56M	35.58M	182.13M	61.35M
Total Debt	2.30B	2.26B	2.25B	1.26B	1.49B
Net Debt	2.25B	2.20B	2.21B	1.08B	1.43B

Cash Flow

Currency: USD	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	106.41M	102.63M	51.46M	169.77M	309.67M
Investing Cash Flow	-444.33M	-17.43M	-61.52M	-27.27M	-680.90M
Financing Cash Flow	331.50M	-67.06M	-17.15M	16.65M	243.45M
Capital Expenditure	14.54M	17.43M	21.52M	27.27M	26.48M
Free Cash Flow	91.86M	85.20M	29.94M	142.50M	283.19M
FCF to OCF	86.33%	83.01%	58.19%	83.94%	91.45%

Earnings

Report Date	May 29, 2024	Aug 7, 2024	Nov 6, 2024	Feb 18, 2025	Apr 30, 2025	Jul 30, 2025	Oct 29, 2025	Feb 17, 2026	Apr 29, 2026	Jul 29, 2026	Nov 4, 2026
EPS Estimate	0.00	-0.02	0.11	0.14	0.32	0.34	0.35	0.40	0.39	0.35	0.36
EPS Actual	-0.04	0.04	0.14	0.29	0.32	0.36	0.37	0.36	0.42	0.37	-
Surprise	-	300.00%	31.21%	107.29%	0.00%	5.88%	5.71%	-8.98%	7.69%	5.71%	-
Timing	-	After-hours	After-hours	-	After-hours	After-hours	After-hours	-	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap4.74B

Enterprise Value6.04B

Trailing P/E35.29

Forward P/E12.80

Price / Sales3.93

Price / Book1.19

EPS0.70

Book Value20.54

Revenue (TTM)1.21B

Gross Profit (TTM)833.24M

EBITDA434.01M

Profit Margin11.18%

Operating Margin24.41%

Return on Equity3.77%

Return on Assets3.44%

Shares Outstanding191.75M

Shares Float139.35M

Beta0.15

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 13 analystsTarget 33.68

Strong Buy
9
Buy
4

Ownership Breakdown

Institutions: 113.03%
Insiders: 2.55%
Retail / Other: 0.00%

Top Institutional Holders

EQT Fund Management S.à r.l.
24.88M12.97%
Canada Pension Plan Investment Board
19.03M9.92%
BlackRock Inc
16.67M8.69%
FMR Inc
14.96M7.80%
Bain Capital Investors LLC
13.24M6.91%
Advent International LP
11.06M5.77%
Vanguard Portfolio Management, LLC
6.41M3.34%
Goldentree Asset Management LP
6.16M3.21%
Bank of Montreal
5.19M2.71%
Vanguard Capital Management, LLC
5.15M2.68%
Neuberger Berman Group LLC
4.67M2.44%
State Street Corp
4.29M2.24%
PointState Capital LP
3.77M1.97%
Artisan Partners Limited Partnership
3.68M1.92%
Millennium Management LLC
3.65M1.90%
BMO Capital Markets Corp.
3.45M1.80%
Geode Capital Management, LLC
2.89M1.51%

Top Fund Holders

iShares Core S&P Small-Cap ETF
7.01M3.66%
Vanguard MStar Total Stk Mkt Idx Invest
3.68M1.92%
Fidelity Value
3.49M1.82%