Waystar Holding Corp.

WAY Healthcare Health Information Services

Waystar Holding Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 16.5% from fiscal 2024.

Revenue
+21.2%
EPS
−10.2%
Free cash flow
+23.4%
Total debt
+18.4%

Quarter to September 2026, against a year earlier

28.14 0.74 −2.56%
Market cap
$5.6B
P/E
40.9×
Fwd P/E
31.9×
Dividend yield
—
F-score
6/9
Altman Z
2.16
Beneish M
−2.41
Dividend safety
n/a

Waystar Holding Corp. (WAY) Current ratio

Alert me on Current ratio

Waystar Holding Corp.'s current ratio at the end of the quarter to 30 September 2026 was 2.1×, up 0.7× from fiscal 2025 (1.4×). That is in line with the Health Information Services industry median of 2.1× and below the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.4× (44.49%)
FY2024 2.5× 41.69%
FY2023 1.8× (15.65%)
FY2022 2.1× —

Quarterly newest first

Period Current ratio Change
Sep 2026 2.1× 13.85%
Jun 2026 1.8× 5.06%
Mar 2026 1.8× 24.27%
Dec 2025 1.4× (63.66%)
8 more quarters

Current ratio against peers

Company Current ratio
DOCS Doximity, Inc. compare 6.4×
HTFL Heartflow, Inc. compare 5.1×
HQY HealthEquity, Inc. compare 3.0×
SDGR Schrodinger, Inc. compare 2.7×
TEM Tempus AI, Inc. compare 2.6×
WAY Waystar Holding Corp. 2.1×
PRVA Privia Health Group, Inc. compare 1.6×
BTSG BrightSpring Health Services, Inc. compare 1.6×
HNGE Hinge Health Inc. compare 1.3×
Health Information Services industry median 2.1×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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