Waystar Holding
WAY
25.77
-0.63
-2.39%
Waystar Holding
US · WAY
#2140 by market cap
Listed 2024
25.77
-0.63
-2.39%
Live - 5344 symbols - heartbeat 269s ago
· 2026-10-08 08:00
Pre-market
25.65
-0.47%
After-hours
25.77
0.00%
- Market cap
- 4.94B
- P/E (TTM)i
- 36.81
- P/Bi
- 1.24
- EPSi
- 0.61
- Div yieldi
- 0.00%
- 52W posi
- 37%
Reader sentiment
Are you bullish or bearish on WAY?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.88, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 5 years
Latest year +16.50% YoY
Margins
- Gross margin
- 68.33%
- Operating margin
- 22.68%
- Net margin
- 10.20%
Key ratios & quality
- Enterprise valuei
- 6.33B
- Altman Z-Scorei
- 1.88
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 578.57M | 704.87M | 791.01M | 943.55M | 1.10B |
| Gross profit | 426.80M | 489.98M | 541.24M | 627.82M | 751.12M |
| Selling & admin expenses | 162.09M | 184.56M | 187.36M | 268.69M | 306.64M |
| Research & development | 28.34M | 32.81M | 35.33M | 48.78M | 54.62M |
| Operating profit | 60.32M | 89.45M | 142.08M | 123.73M | 249.31M |
| Pretax profit | -66.70M | -65.88M | -63.83M | -22.55M | 171.76M |
| Tax | -19.58M | -14.42M | -12.50M | -3.42M | 59.67M |
| Net profit | -47.12M | -51.46M | -51.33M | -19.13M | 112.09M |
| Basic EPS | 0 | 0 | 0 | 0 | 1 |
| Diluted EPS | -0.28 | -0.31 | -0.31 | -0.11 | 0.61 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 256.44M | 270.65M | 268.65M | 303.54M | 313.87M | 319.67M |
| Gross profit | 173.09M | 183.61M | 183.52M | 210.90M | 216.84M | 221.99M |
| Selling & admin expenses | 63.42M | 72.72M | 77.58M | 92.92M | 76.55M | 86.76M |
| Research & development | 11.08M | 12.62M | 12.40M | 18.52M | 18.37M | 17.72M |
| Operating profit | 65.21M | 64.85M | 60.23M | 59.02M | 80.47M | 76.04M |
| Pretax profit | 46.31M | 46.59M | 42.72M | 36.15M | 59.82M | 56.40M |
| Tax | 17.04M | 14.41M | 12.07M | 16.16M | 16.54M | 15.53M |
| Net profit | 29.27M | 32.18M | 30.65M | 19.99M | 43.28M | 40.87M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.16 | 0.18 | 0.17 | 0.10 | 0.22 | 0.21 |
Balance sheet
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total current assets | 166.89M | 217.90M | 222.05M | 371.04M | 308.41M |
| Cash & ST investments | 47.25M | 64.56M | 35.58M | 182.13M | 86.23M |
| Inventory | -- | -- | -- | -- | -- |
| Total assets | 4.78B | 4.69B | 4.58B | 4.58B | 5.79B |
| Total current liabilities | 110.26M | 102.21M | 123.49M | 145.63M | 218.06M |
| Short-term debt | 18.69M | 22.76M | 23.20M | 18.16M | 20.22M |
| Long-term debt | 2.26B | 2.21B | 2.20B | 1.22B | 1.46B |
| Total liabilities | 2,655,528,000.00 | 2,588,160,000.00 | 2,533,042,000.00 | 1,497,218,000.00 | 1,906,274,000.00 |
| Total equity | 2.12B | 2.11B | 2.05B | 3.08B | 3.88B |
| Retained earnings | -98.99M | -150.44M | -201.78M | -220.90M | -108.81M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 440.55M | 524.48M | 613.58M | 308.41M | 386.61M | 438.97M |
| Cash & ST investments | 248.41M | 340.79M | 421.06M | 86.23M | 158.93M | 191.60M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 4.62B | 4.68B | 4.75B | 5.79B | 5.84B | 5.87B |
| Total current liabilities | 141.30M | 152.84M | 157.65M | 218.06M | 219.96M | 237.72M |
| Short-term debt | 18.13M | 17.95M | 18.33M | 20.22M | 19.80M | 19.28M |
| Long-term debt | 1.22B | 1.22B | 1.21B | 1.46B | 1.46B | 1.45B |
| Total liabilities | 1,493,266,000.00 | 1,504,782,000.00 | 1,523,760,000.00 | 1,906,274,000.00 | 1,901,555,000.00 | 1,882,519,000.00 |
| Total equity | 3.13B | 3.17B | 3.22B | 3.88B | 3.94B | 3.99B |
| Retained earnings | -191.63M | -159.45M | -128.80M | -108.81M | -65.53M | -24.66M |
Cash flow
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 106.41M | 102.63M | 51.46M | 169.77M | 309.67M |
| Depreciation & amortization | 176.06M | 183.17M | 176.47M | 186.63M | 140.55M |
| Free cash flow | 91.87M | 85.20M | 29.94M | 142.50M | 283.19M |
| Dividends paid | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -715.00K | -1.81M | -263.00K | 1.02B | 25.78M |
| Ending cash balance | 54.50M | 72.64M | 45.43M | 204.58M | 76.81M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 64.25M | 96.76M | 82.03M | 66.63M | 84.91M | 59.41M |
| Depreciation & amortization | 33.38M | 33.43M | 33.30M | 40.44M | 41.45M | 41.47M |
| Free cash flow | 58.82M | 90.99M | 76.15M | 57.22M | 69.59M | 43.30M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 10.69M | 4.36M | 7.39M | 3.34M | 2.41M | -6.28M |
| Ending cash balance | 249.72M | 311.47M | 445.36M | 76.81M | 62.70M | 45.41M |
Returns & efficiency
| Line item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| ROE %i | -2.22 | -2.08 | -2.47 | -0.75 | 3.22 |
| ROA %i | -0.99 | -0.93 | -1.11 | -0.42 | 2.16 |
| ROIC %i | 0.95 | 1.37 | 2.61 | 2.43 | 3.35 |
| 5-year avg ROE %i | -- | -- | -- | -- | -0.93 |
| EBIT margin %i | 10.42 | 12.69 | 17.96 | 13.11 | 22.68 |
| FCF / sales %i | 15.88 | 12.09 | 3.79 | 15.10 | 25.76 |
| Current ratioi | 1.51 | 2.13 | 1.80 | 2.55 | 1.41 |
| Quick ratioi | 1.36 | 1.72 | 1.36 | 2.27 | 1.24 |
| Debt / assetsi | 48.05 | 48.17 | 49.08 | 27.60 | 25.77 |
| LT debt / equityi | 107.31 | 106.29 | 108.60 | 40.43 | 37.92 |
| Interest coveragei | 0.47 | 0.58 | 0.69 | 0.85 | 3.22 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 17.71 | 15.97 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | 15.76 | 49.24 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.01 | 2.81 | 3.54 | 3.22 | 3.57 | 3.77 |
| ROA %i | 0.57 | 1.86 | 2.39 | 2.16 | 2.41 | 2.56 |
| ROIC %i | 2.56 | 3.07 | 3.65 | 3.35 | 3.67 | 3.85 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 15.77 | 20.80 | 23.41 | 22.68 | 22.87 | 22.87 |
| FCF / sales %i | 20.11 | 27.55 | 27.36 | 25.76 | 25.41 | 20.42 |
| Current ratioi | 3.12 | 3.43 | 3.89 | 1.41 | 1.76 | 1.85 |
| Quick ratioi | 2.80 | 3.17 | 3.59 | 1.24 | 1.51 | 1.59 |
| Debt / assetsi | 27.26 | 26.83 | 26.44 | 25.77 | 25.45 | 25.25 |
| LT debt / equityi | 39.70 | 38.99 | 38.37 | 37.92 | 37.24 | 36.69 |
| Interest coveragei | 1.42 | 2.78 | 3.26 | 3.22 | 3.34 | 3.42 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:00:18 · For reference only, not investment advice and not tailored to your situation.