WAYWaystar Holding Corp.
Price
-22%1YEnd-of-day closes, not the intraday tick.
More going right than wrong
Quality mixed, no red flags, price roughly fair, growing in the filings, the market undecided.
Healthcare is one of the largest and most complex vertical end-markets within the U.S. economy, accounting for 18.0% of the U.S. gross domestic product as of 2024. According to the Council for Affordable Quality Healthcare (CAQH), total U.S. healthcare spending was $4.9 trillion in 2024. National health expenditures are expected to grow 5.8% annually reaching 20.3% of GDP in 2033. According to the CAQH, the U.S. spends $440 billion on healthcare administrative costs per year.
In the company’s own words · 10-K filed Feb 17, 2026 · SEC EDGAR
Charts
As reported to the SEC, without any scoring.
Waystar Holding Corp. (WAY) reported revenue of $320M in Q2 2026 (quarter ended Jun 30, 2026), up 18% from the same quarter a year earlier. That came with a gross margin of 69% and net income of $41M (13% of revenue). For the full year FY2025, revenue was $1.10B (+17% year on year) and net income $112M. Its largest product in Q2 2026 was Volume Based at $84M, 96% of the disclosed total, well ahead of Subscription And Circulation at 4.0%. The next results filing is expected around Oct 28, 2026, the same week as a year ago.
What the company said
The company's own words from its current reports to the SEC, newest first
- Jul 29, 2026Waystar Reports Second Quarter 2026 Results.Earnings release · press release
- Apr 29, 2026Waystar Reports First Quarter 2026 Results.Earnings release · press release
- Feb 17, 2026Waystar Reports Fourth Quarter and Fiscal Year 2025 Results, Provides 2026 Guidance.Earnings release · press release
Quoted from SEC EDGAR filings. A current report is filed within four business days of the event it describes.
Business segments
Q2 2026 · $87.9MThe company’s own SEC segment disclosure.
- Volume Based$84.1M96%
- Subscription And Circulation$3.5M4%
- Implementation Services And Other$296.0K0%
Why these answers
Each answer with the checks it was read from. Open one for the numbers.
Conflicts between checks are named, never averaged, and thin data says so.
Health Information Services
Ranks #2 of 18 by RyuScore