WAY
$28.81+2.93%
Waystar Holding Corp.Stock · HealthcareRussell 2000 · 0.07% of IWMNasdaq Composite · 0.01% of ONEQUS Stock Market · 0.003% of VTIRussell 3000 · 0.003% of IWV
WAY financial statements
The full income statement, balance sheet, and cash-flow statement for Waystar Holding Corp. (WAY), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 166.7M2024-09 172.1M2024-12 172.2M2025-03 173.0M2025-06 174.2M2025-09 191.3M2025-12 191.7M2026-03 191.8M2026-06 191.7M+15.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 1.10B+16.5% | 944M+19.3% | 791M+12.2% | 705M | |
| Research & development | 54.6M+12.0% | 48.8M+38.0% | 35.3M+7.7% | 32.8M | |
| Selling, general & administrative | 129M+15.1% | 112M+77.6% | 62.9M-13.9% | 73.1M | |
| General & administrative | 129M+15.1% | 112M+77.6% | 62.9M-13.9% | 73.1M | |
| Selling & marketing | 178M+13.4% | 157M+26.1% | 124M+11.6% | 111M | |
| Amortization of intangibles | 119M-19.8% | 148M-7.2% | 159M-4.8% | 168M | |
| Provision for credit losses | 3.32M+24.4% | 2.67M+10.3% | 2.42M-3.9% | 2.52M | |
| Operating income | 249M+101.5% | 124M-12.9% | 142M+58.8% | 89.5M | |
| Pre-tax income | 172M+861.9% | -22.5M+64.7% | -63.8M+3.1% | -65.9M | |
| Income tax | 59.7M+1844.9% | -3.42M+72.6% | -12.5M+13.3% | -14.4M | |
| 112M+686.1% | -19.1M+62.7% | -51.3M+0.2% | -51.5M | ||
| Net income to common | 112M+686.1% | -19.1M+62.7% | -51.3M+0.2% | -51.5M | |
| $0.61+569.2% | -$0.13+69.0% | -$0.42+0.0% | -$0.42 | ||
| EPS (basic) | $0.63+584.6% | -$0.13+69.0% | -$0.42+0.0% | -$0.42 | |
| Weighted-avg shares (basic) | 178M+18.7% | 150M+23.2% | 122M-0.0% | 122M | |
| Weighted-avg shares (diluted) | 185M+23.3% | 150M+23.2% | 122M-0.0% | 122M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 308M-16.9% | 371M+67.1% | 222M | — | ||
| Cash & equivalents | 61.4M-66.3% | 182M+411.9% | 35.6M-44.9% | 64.6M | |
| Accounts receivable | 177M+21.9% | 145M+15.2% | 126M | — | |
| Prepaid expenses | 20.1M+39.3% | 14.4M+8.4% | 13.3M | — | |
| Other current assets | 3.17M-20.1% | 3.97M-86.9% | 30.4M | — | |
| 5.79B+26.4% | 4.58B-0.1% | 4.58B | — | ||
| Operating lease right-of-use | 13.0M+19.9% | 10.8M+4.5% | 10.4M | — | |
| Goodwill | 4.02B+33.0% | 3.02B-0.3% | 3.03B+0.7% | 3.01B | |
| Intangible assets | 1.29B+24.4% | 1.04B-12.5% | 1.19B | — | |
| Other non-current assets | 8.46M+29.2% | 6.55M-0.0% | 6.55M | — | |
| 218M+49.7% | 146M+17.9% | 123M | — | ||
| Accounts payable | 50.9M+7.6% | 47.4M+4.1% | 45.5M | — | |
| Deferred revenue | 67.9M+544.6% | 10.5M-3.7% | 10.9M | — | |
| Short-term & current debt | 14.2M+21.6% | 11.7M-35.1% | 18.0M | — | |
| Current lease liability | 6.03M+7.8% | 5.59M+27.1% | 4.40M | — | |
| Finance lease liability (current) | 0.00-100.0% | 904K+10.1% | 821K | — | |
| 1.91B+27.3% | 1.50B-40.9% | 2.53B | — | ||
| Long-term debt | 1.46B+19.5% | 1.22B-44.5% | 2.20B | — | |
| Deferred revenue (non-current) | 5.50M-4.2% | 5.74M-7.0% | 6.17M | — | |
| Non-current lease liability | 12.0M-8.7% | 13.1M-8.0% | 14.3M | — | |
| Operating lease liability (total) | 18.0M-3.7% | 18.7M | — | — | |
| Finance lease liability (total) | 0.00-100.0% | 12.2M | — | — | |
| Finance lease liability | 0.00-100.0% | 11.3M-7.4% | 12.2M | — | |
| Deferred tax liabilities | 211M+110.2% | 101M-42.4% | 174M | — | |
| Other non-current liabilities | 692K+148.9% | 278K-89.9% | 2.75M | — | |
| 3.88B+25.9% | 3.08B+50.2% | 2.05B-2.7% | 2.11B | ||
| Preferred stock | 0.00 | 0.00 | — | — | |
| Common stock | 1.92M+11.3% | 1.72M+41.5% | 1.22M | — | |
| Additional paid-in capital | 3.99B+20.9% | 3.30B+47.6% | 2.23B | — | |
| Retained earnings | -109M+50.7% | -221M-9.5% | -202M | — | |
| Treasury stock | 0.00 | — | — | — | |
| Accumulated other comprehensive income | -632K-171.7% | 881K-94.4% | 15.8M | — | |
| Total liabilities & equity | 5.79B+26.4% | 4.58B-0.1% | 4.58B | — | |
| Common shares issued | 192M+11.3% | 172M+41.4% | 122M | — | |
| Common shares outstanding | 192M+11.3% | 172M+41.4% | 122M | — | |
| Shares outstanding (cover) | 192M+11.3% | 172M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 310M+82.4% | 170M+229.9% | 51.5M-49.9% | 103M | ||
| Depreciation & amortization | 141M-24.7% | 187M+5.8% | 176M-3.7% | 183M | |
| Intangible amortization | 119M-19.8% | 148M-7.2% | 159M-4.8% | 168M | |
| Share-based compensation | 42.1M-22.7% | 54.4M+515.2% | 8.85M+10.6% | 8.00M | |
| Deferred income taxes | 45.2M+176.5% | -59.1M+4.1% | -61.7M-127.5% | -27.1M | |
| Change in receivables | 7.32M-66.4% | 21.8M+30.5% | 16.7M-3.8% | 17.4M | |
| -681M-2397.1% | -27.3M+55.7% | -61.5M-252.9% | -17.4M | ||
| Capital expenditure | 26.5M-2.9% | 27.3M+26.7% | 21.5M+23.4% | 17.4M | |
| Free cash flow | 283M+98.7% | 143M+375.9% | 29.9M-64.9% | 85.2M | |
| Acquisitions | 630M | 0.00-100.0% | 40.0M | 0.00 | |
| 243M+1361.8% | 16.7M+197.1% | -17.2M+74.4% | -67.1M | ||
| Long-term debt issued | 390M-32.3% | 576M+2780.3% | 20.0M | 0.00 | |
| Long-term debt repaid | 152M-90.4% | 1.58B+4070.5% | 38.0M-41.5% | 65.0M | |
| Common stock issued | 0.00-100.0% | 1.68M+296.0% | 425K-34.5% | 649K | |
| Common stock repurchased | 0.00-100.0% | 844K+22.7% | 688K-72.0% | 2.45M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | -128M-180.3% | 159M+685.0% | -27.2M | — | |
| Interest paid | 81.7M-33.5% | 123M-36.4% | 193M+33.7% | 144M | |
| Income taxes paid | 31.7M-37.2% | 50.5M+0.8% | 50.1M+799.0% | 5.57M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 6.28B-0.6% | 6.32B | — | — | |
| P/E | 56.0× | — | — | — | |
| P/S | 5.7×-14.7% | 6.7× | — | — | |
| P/B | 1.6×-21.1% | 2.1× | — | — | |
| P/FCF | 22.2×-50.0% | 44.3× | — | — | |
| Earnings yield | 1.8% | — | — | — | |
| FCF yield | 4.5%+100.0% | 2.3% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WAY’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WAY filings on SEC EDGAR → Not investment advice.