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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) Net margin

Alert me on Net margin

Waystar Holding Corp.'s net margin over the twelve months to 30 September 2026 was 10.7%, up 0.5 percentage points from fiscal 2025 (10.2%). That is above the Health Information Services industry median of −16.1% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 10.2% 12.23
FY2024 −2.03% 4.46
FY2023 −6.49% 0.81
FY2022 −7.30% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 9.53% (3.25)
Jun 2026 12.8% (1.01)
Mar 2026 13.8% 7.20
Dec 2025 6.59% (4.82)
9 more quarters

Net margin against peers

Company Net margin
DOCS Doximity, Inc. compare 21.1%
HQY HealthEquity, Inc. compare 17.4%
HNGE Hinge Health Inc. compare 14.9%
WAY Waystar Holding Corp. 10.7%
BTSG BrightSpring Health Services, Inc. compare 2.69%
PRVA Privia Health Group, Inc. compare 1.43%
TEM Tempus AI, Inc. compare −12.5%
SDGR Schrodinger, Inc. compare −22.0%
HTFL Heartflow, Inc. compare −55.8%
Health Information Services industry median −16.1%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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