Waystar Holding Corp.
NASDAQ•WAY
CEO: Mr. Matthew J. Hawkins
Sector: Technology
Industry: Information Technology Services
Listing Date: 2007-10-16
Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah.
Contact Information
Market Cap
$4.71B
P/E (TTM)
42.0
18.2
Dividend Yield
--
52W High
$42.55
52W Low
$21.13
52W Range
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 4-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2022-2025
Financial Dashboard
Q4 2025 Data
Revenue
$303.54M+0.00%
4-Quarter Trend
EPS
$0.10+0.00%
4-Quarter Trend
FCF
$57.22M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Revenue and Profitability Surge Total Revenue reached $1.10B, up 16.5%; Net Income swung to $112.1M profit from prior year loss.
Strong Recurring Revenue Growth Subscription revenue grew 21.9% to $558.4M; Net Revenue Retention Rate stood strong at 112.0% for 2025.
AI Capabilities Bolstered by Acquisition Completed Iodine acquisition for $1.26B, bolstering proprietary AI leadership and clinical intelligence capabilities.
Client Base Expansion Client count exceeding $100K revenue grew to 1,391, up from 1,203 in 2024, showing strong client adoption.
Risk Factors
High Debt Load Exposure Substantial outstanding indebtedness reached approximately $1.5B, increasing interest rate risk exposure on variable rate debt.
Intense Industry Competition Operate in fragmented market facing competition from large EHR/PM providers and smaller niche technology vendors.
Regulatory and Compliance Complexity Subject to complex, evolving healthcare laws (HIPAA, AKS) creating compliance costs and potential for adverse enforcement actions.
Goodwill Valuation Risk Goodwill balance is $4.0B; impairment risk exists if acquired businesses underperform or macroeconomic conditions worsen.
Outlook
Focus on Existing Client Growth Plan to double revenue from existing clients through cross-sell and up-sell opportunities across current solution set.
Continued AI Platform Investment Heavy investment planned for Waystar platform expansion, leveraging agentic AI for autonomous revenue cycle management.
Expanding Channel Partner Reach Deepen strategic channel partnerships, leveraging EHR/PM providers to access larger client base and accelerate growth.
Capital Structure Flexibility Future capital needs may require additional debt or equity financing, potentially leading to stockholder dilution.
Peer Comparison
Revenue (TTM)
$15.12B
$5.46B
$5.08B
Gross Margin (Latest Quarter)
38000.0%
87.5%
81.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ONTO | $9.58B | 69.5 | 6.9% | 0.0% |
| AUR | $8.67B | -10.6 | -39.8% | 3.6% |
| GDS | $8.42B | 12.2 | 22.4% | 59.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.8%
Steady Growth
4Q Net Income CAGR
-11.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 28, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data