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Waystar Holding Corp. by the numbers
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%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $320M | $271M | +18% |
| Gross profit | $222M | $184M | +21% |
| Operating income | $76M | $65M | +17% |
| Net income | $41M | $32M | +27% |
| Diluted EPS | $0.21 | $0.18 | +17% |
| Product | Revenue | Share |
|---|---|---|
| Volume Based | $84M | 96% |
| Subscription And Circulation | $3.5M | 4.0% |
| Implementation Services And Other | $296K | 0.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $87.9M (-72%)
Volume Based grew +7.6% year on yearImplementation Services And Other -30% year on year
Segment Latestquarter on quarteryear on year
- Volume Based$84.1M$84.1MQoQ -40%year on year +7.6%-40%+7.6%
- Subscription And Circulation$3.5M$3.5MQoQ -98%year on year +3.1%-98%+3.1%
- Implementation Services And Other$296.0K$296.0KQoQ -87%year on year -30%-87%-30%
Health Information Services
Ranks #7 of 13 by Smart Score