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Friday 6 November 2026 Export WAY’s income statement to Excel — free account

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

28.08 0.80 −2.77%
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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Waystar Holding Corp. (WAY) Gross margin

Alert me on Gross margin

Waystar Holding Corp.'s gross margin over the twelve months to 30 September 2026 was 69.4%, up 1.1 percentage points from fiscal 2025 (68.3%). That is above the Health Information Services industry median of 59.6% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 68.3% 1.79
FY2024 66.5% (1.88)
FY2023 68.4% (1.09)
FY2022 69.5% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 69.5% 0.09
Jun 2026 69.4% 0.36
Mar 2026 69.1% (0.40)
Dec 2025 69.5% 1.17
9 more quarters

Gross margin against peers

Company Gross margin
DOCS Doximity, Inc. compare 86.8%
HNGE Hinge Health Inc. compare 84.5%
HTFL Heartflow, Inc. compare 80.1%
HQY HealthEquity, Inc. compare 71.3%
WAY Waystar Holding Corp. 69.4%
TEM Tempus AI, Inc. compare 64.5%
SDGR Schrodinger, Inc. compare 58.5%
BTSG BrightSpring Health Services, Inc. compare 12.5%
PRVA Privia Health Group, Inc. compare 0.00%
Health Information Services industry median 59.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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