Symbols / WAY Stock $24.85 -2.01% Waystar Holding Corp.

Healthcare • Health Information Services • United States • NMS
WAY (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.

Stock Fundamentals
Scroll to Statements
Market Cap 4.77B Enterprise Value 6.17B Income 112.09M Sales 1.10B Book/sh 20.25 Cash/sh 0.45
Dividend Yield — Payout 0.00% Employees 1700 IPO — P/E 40.74 Forward P/E 13.40
PEG — P/S 4.34 P/B 1.23 P/C — EV/EBITDA 15.74 EV/Sales 5.61
Quick Ratio 1.24 Current Ratio 1.41 Debt/Eq 38.45 LT Debt/Eq — EPS (ttm) 0.61 EPS next Y 1.85
EPS Growth -2.70% Revenue Growth 24.30% Earnings 2026-04-29 ROA 3.16% ROE 3.22% ROIC —
Gross Margin 68.33% Oper. Margin 23.63% Profit Margin 10.20% Shs Outstand 191.81M Shs Float 139.87M Short Float 10.91%
Short Ratio 4.85 Short Interest — 52W High 42.55 52W Low 20.93 Beta — Avg Volume 2.74M
Volume 1.80M Target Price $36.00 Recom Strong_buy Prev Close $25.36 Price $24.85 Change -2.01%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.00
Mean price target
2. Current target
$24.85
Latest analyst target
3. DCF / Fair value
$29.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.85
Low
$27.00
High
$44.00
Mean
$36.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-10 main B of A Securities Buy → Buy $38
2026-03-30 init Morgan Stanley — → Equal-Weight $28
2026-03-12 main Deutsche Bank Buy → Buy $37
2026-02-19 main Wells Fargo Overweight → Overweight $36
2026-02-18 main Canaccord Genuity Buy → Buy $30
2026-02-18 main Citigroup Buy → Buy $35
2026-02-18 main BMO Capital Outperform → Outperform $30
2026-02-18 main Goldman Sachs Buy → Buy $38
2026-02-18 main Barclays Overweight → Overweight $36
2026-02-18 main Truist Securities Buy → Buy $38
2026-02-18 main Evercore ISI Group Outperform → Outperform $27
2026-02-18 up Freedom Capital Markets Hold → Buy $33
2026-02-17 main Needham Buy → Buy $33
2026-01-09 main Citigroup Buy → Buy $46
2026-01-09 init Wells Fargo — → Overweight $41
2025-12-15 init UBS — → Buy $41
2025-12-09 main Barclays Overweight → Overweight $42
2025-11-21 init Freedom Capital Markets — → Hold $40
2025-11-13 init BMO Capital — → Outperform $47
2025-11-11 init Needham — → Buy $46
News
RSS: Latest WAY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 SCHREMSER CHRISTOPHER L.AWRENCE Chief Technology Officer — 87,413 $0.00 $0
2026-03-09 WITTMAN KIMBERLY S. Officer — 61,703 $0.00 $0
2026-03-09 BRIDGE T. CRAIG Officer — 87,413 $0.00 $0
2026-03-09 HAWKINS MATTHEW J. Chief Executive Officer — 257,096 $0.00 $0
2026-03-09 CHAN WILLIAM Officer — 82,271 $0.00 $0
2026-03-09 ORESKOVICH STEVEN M Chief Financial Officer — 82,271 $0.00 $0
2026-03-09 PACKER GREGORY R Officer — 65,817 $0.00 $0
2026-03-09 MILLER MELISSA F. Officer — 61,703 $0.00 $0
2026-03-02 MILLER HEIDI G Director — 7,200 $26.25 $188,986
2026-01-20 SINCLAIR ERIC LEE III Officer — 40,225 $30.08 $1,210,077
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,099.28
+16.50%
943.55
+19.28%
791.01
+12.22%
704.87
Operating Revenue
1,099.28
+16.50%
943.55
+19.28%
791.01
+12.22%
704.87
Cost Of Revenue
348.16
+10.27%
315.73
+26.41%
249.77
+16.23%
214.89
Reconciled Cost Of Revenue
348.16
+10.27%
315.73
+26.41%
249.77
+16.23%
214.89
Gross Profit
751.12
+19.64%
627.82
+16.00%
541.24
+10.46%
489.98
Operating Expense
501.81
-0.45%
504.09
+26.29%
399.16
-0.34%
400.53
Research And Development
54.62
+11.99%
48.77
+38.05%
35.33
+7.70%
32.81
Selling General And Administration
306.64
+14.12%
268.69
+43.41%
187.36
+1.52%
184.56
Selling And Marketing Expense
178.02
+13.43%
156.94
+26.12%
124.44
+11.63%
111.47
General And Administrative Expense
128.62
+15.10%
111.75
+77.60%
62.92
-13.91%
73.09
Other Gand A
128.62
+15.10%
111.75
+77.60%
62.92
-13.91%
73.09
Total Expenses
849.97
+3.68%
819.82
+26.34%
648.93
+5.44%
615.42
Operating Income
249.31
+101.50%
123.72
-12.92%
142.08
+58.84%
89.45
Total Operating Income As Reported
249.31
+101.50%
123.72
-12.92%
142.08
+58.84%
89.45
EBITDA
389.85
+25.61%
310.36
-2.57%
318.55
+16.85%
272.62
Normalized EBITDA
389.85
+25.61%
310.36
-2.57%
318.55
+16.85%
272.62
Reconciled Depreciation
140.55
-24.69%
186.63
+5.76%
176.47
-3.66%
183.17
EBIT
249.31
+101.50%
123.72
-12.92%
142.08
+58.84%
89.45
Net Income
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Pretax Income
171.76
+861.87%
-22.55
+64.68%
-63.83
+3.10%
-65.88
Net Non Operating Interest Income Expense
-77.54
+46.99%
-146.27
+28.97%
-205.92
-32.57%
-155.32
Interest Expense Non Operating
77.54
-46.99%
146.27
-28.97%
205.92
+32.57%
155.32
Net Interest Income
-77.54
+46.99%
-146.27
+28.97%
-205.92
-32.57%
-155.32
Interest Expense
77.54
-46.99%
146.27
-28.97%
205.92
+32.57%
155.32
Tax Provision
59.67
+1844.85%
-3.42
+72.64%
-12.50
+13.31%
-14.42
Tax Rate For Calcs
0.00
+133.33%
0.00
-25.00%
0.00
-9.09%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Net Income From Continuing Operation Net Minority Interest
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Net Income From Continuing And Discontinued Operation
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Net Income Continuous Operations
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Normalized Income
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Net Income Common Stockholders
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Diluted EPS
0.61
+569.23%
-0.13
+57.79%
-0.31
+0.24%
-0.31
Basic EPS
0.63
+584.62%
-0.13
+57.79%
-0.31
+0.24%
-0.31
Basic Average Shares
177.93
+18.68%
149.92
-10.05%
166.66
+0.00%
166.66
Diluted Average Shares
184.78
+23.26%
149.92
-10.05%
166.66
+0.00%
166.66
Diluted NI Availto Com Stockholders
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Depreciation Amortization Depletion Income Statement
140.55
-24.69%
186.63
+5.76%
176.47
-3.66%
183.17
Depreciation And Amortization In Income Statement
140.55
-24.69%
186.63
+5.76%
176.47
-3.66%
183.17
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
5,785.10
+26.39%
4,577.00
-0.13%
4,582.97
-2.37%
4,694.39
Current Assets
308.41
-16.88%
371.04
+67.10%
222.05
+1.91%
217.90
Cash Cash Equivalents And Short Term Investments
86.23
-52.65%
182.13
+411.90%
35.58
-44.89%
64.56
Cash And Cash Equivalents
61.35
-66.31%
182.13
+411.90%
35.58
-44.89%
64.56
Other Short Term Investments
24.88
0.00
—
—
Receivables
183.47
+23.91%
148.07
+11.42%
132.90
+19.26%
111.43
Accounts Receivable
177.04
+21.90%
145.24
+15.18%
126.09
+17.75%
107.08
Gross Accounts Receivable
183.21
+21.23%
151.12
+14.99%
131.42
+17.81%
111.56
Allowance For Doubtful Accounts Receivable
-6.17
-4.84%
-5.88
-10.31%
-5.33
-19.16%
-4.48
Taxes Receivable
6.44
+126.81%
2.84
-58.33%
6.81
+56.54%
4.35
Prepaid Assets
20.08
+39.30%
14.41
+8.41%
13.30
+56.35%
8.50
Restricted Cash
15.45
-31.16%
22.45
+127.95%
9.85
+21.91%
8.08
Other Current Assets
3.17
-20.09%
3.97
-86.95%
30.43
+20.14%
25.33
Total Non Current Assets
5,476.69
+30.21%
4,205.96
-3.55%
4,360.93
-2.58%
4,476.49
Net PPE
64.62
+12.28%
57.55
-19.63%
71.61
+5.98%
67.57
Gross PPE
162.14
+18.56%
136.75
-2.83%
140.74
+17.64%
119.64
Accumulated Depreciation
-97.52
-23.13%
-79.20
-14.57%
-69.13
-32.77%
-52.06
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
—
0.00
-100.00%
19.65
+0.00%
19.65
Machinery Furniture Equipment
125.06
+17.11%
106.79
+24.40%
85.84
+24.58%
68.90
Construction In Progress
19.11
+24.41%
15.36
+12.61%
13.64
+59.66%
8.54
Other Properties
12.97
+19.89%
10.82
-18.93%
13.35
-9.28%
14.71
Leases
4.99
+32.19%
3.78
-54.23%
8.26
+5.48%
7.83
Goodwill And Other Intangible Assets
5,309.66
+30.81%
4,059.05
-3.74%
4,216.95
-2.75%
4,336.10
Goodwill
4,016.82
+33.01%
3,020.00
-0.33%
3,030.01
+0.68%
3,009.56
Other Intangible Assets
1,292.84
+24.43%
1,039.05
-12.46%
1,186.94
-10.52%
1,326.54
Non Current Deferred Assets
93.95
+13.45%
82.81
+25.84%
65.81
+27.49%
51.62
Other Non Current Assets
8.46
+29.16%
6.55
-0.05%
6.55
-69.09%
21.20
Total Liabilities Net Minority Interest
1,906.27
+27.32%
1,497.22
-40.89%
2,533.04
-2.13%
2,588.16
Current Liabilities
218.06
+49.73%
145.63
+17.93%
123.49
+20.82%
102.21
Payables And Accrued Expenses
88.12
+3.24%
85.35
+29.20%
66.07
+52.83%
43.23
Payables
75.92
-2.60%
77.95
+31.79%
59.15
+53.14%
38.62
Accounts Payable
50.95
+7.57%
47.37
+4.14%
45.48
+61.89%
28.09
Other Payable
17.13
-24.05%
22.56
+122.10%
10.16
+24.00%
8.19
Current Accrued Expenses
12.20
+64.75%
7.41
+7.04%
6.92
+50.24%
4.61
Pensionand Other Post Retirement Benefit Plans Current
41.86
+32.52%
31.59
+35.66%
23.29
-11.54%
26.32
Total Tax Payable
7.84
-2.33%
8.03
+128.92%
3.51
+49.96%
2.34
Income Tax Payable
4.96
+20.58%
4.11
—
—
Current Debt And Capital Lease Obligation
20.22
+11.34%
18.16
-21.72%
23.20
+1.96%
22.76
Current Debt
14.19
+21.65%
11.67
-35.12%
17.98
+0.00%
17.98
Other Current Borrowings
14.19
+21.65%
11.67
-35.12%
17.98
+0.00%
17.98
Current Capital Lease Obligation
6.03
-7.17%
6.50
+24.45%
5.22
+9.32%
4.77
Current Deferred Liabilities
67.86
+544.58%
10.53
-3.73%
10.94
+10.43%
9.90
Current Deferred Revenue
67.86
+544.58%
10.53
-3.73%
10.94
+10.43%
9.90
Other Current Liabilities
—
—
—
—
Total Non Current Liabilities Net Minority Interest
1,688.21
+24.91%
1,351.59
-43.91%
2,409.55
-3.07%
2,485.95
Long Term Debt And Capital Lease Obligation
1,470.70
+18.12%
1,245.05
-44.07%
2,226.15
-0.56%
2,238.63
Long Term Debt
1,458.71
+19.51%
1,220.62
-44.51%
2,199.68
-0.37%
2,207.91
Long Term Capital Lease Obligation
11.99
-50.89%
24.42
-7.74%
26.47
-13.83%
30.72
Non Current Deferred Liabilities
216.82
+104.04%
106.26
-41.18%
180.65
-26.95%
247.31
Non Current Deferred Revenue
5.50
-4.23%
5.74
-7.03%
6.17
-5.78%
6.55
Non Current Deferred Taxes Liabilities
211.32
+110.22%
100.52
-42.39%
174.48
-27.53%
240.76
Other Non Current Liabilities
0.69
+148.92%
0.28
-89.89%
2.75
+39185.71%
0.01
Stockholders Equity
3,878.83
+25.94%
3,079.79
+50.24%
2,049.93
-2.67%
2,106.23
Common Stock Equity
3,878.83
+25.94%
3,079.79
+50.24%
2,049.93
-2.67%
2,106.23
Capital Stock
1.92
+11.27%
1.72
+41.50%
1.22
+0.00%
1.22
Common Stock
1.92
+11.27%
1.72
+41.50%
1.22
+0.00%
1.22
Preferred Stock
0.00
0.00
0.00
—
Share Issued
191.59
+11.32%
172.11
+3.27%
166.66
+0.00%
166.66
Ordinary Shares Number
191.59
+11.32%
172.11
+3.27%
166.66
+0.00%
166.66
Additional Paid In Capital
3,986.35
+20.87%
3,298.08
+47.59%
2,234.69
+0.41%
2,225.62
Retained Earnings
-108.81
+50.74%
-220.90
-9.48%
-201.78
-34.12%
-150.44
Gains Losses Not Affecting Retained Earnings
-0.63
-171.74%
0.88
-94.42%
15.80
-47.04%
29.84
Other Equity Adjustments
-0.63
-171.74%
0.88
-94.42%
15.80
-47.04%
29.84
Total Equity Gross Minority Interest
3,878.83
+25.94%
3,079.79
+50.24%
2,049.93
-2.67%
2,106.23
Total Capitalization
5,337.53
+24.12%
4,300.41
+1.20%
4,249.61
-1.50%
4,314.14
Working Capital
90.35
-59.92%
225.41
+128.70%
98.56
-14.80%
115.69
Invested Capital
5,351.73
+24.11%
4,312.08
+1.04%
4,267.59
-1.49%
4,332.12
Total Debt
1,490.93
+18.03%
1,263.21
-43.84%
2,249.35
-0.53%
2,261.39
Net Debt
1,411.55
+34.41%
1,050.16
-51.87%
2,182.08
+0.96%
2,161.33
Capital Lease Obligations
18.02
-41.71%
30.92
-2.44%
31.69
-10.72%
35.49
Net Tangible Assets
-1,430.83
-46.11%
-979.26
+54.81%
-2,167.02
+2.82%
-2,229.87
Tangible Book Value
-1,430.83
-46.11%
-979.26
+54.81%
-2,167.02
+2.82%
-2,229.87
Interest Payable
0.66
+9.72%
0.60
-64.82%
1.70
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
309.67
+82.41%
169.77
+229.90%
51.46
-49.86%
102.63
Cash Flow From Continuing Operating Activities
309.67
+82.41%
169.77
+229.90%
51.46
-49.86%
102.63
Net Income From Continuing Operations
112.09
+686.09%
-19.12
+62.74%
-51.33
+0.24%
-51.45
Depreciation Amortization Depletion
140.55
-24.69%
186.63
+5.76%
176.47
-3.66%
183.17
Depreciation
—
—
17.10
+8.92%
15.70
Amortization Cash Flow
—
—
159.40
-4.84%
167.50
Depreciation And Amortization
140.55
-24.69%
186.63
+5.76%
176.47
-3.66%
183.17
Amortization Of Intangibles
—
—
159.40
-4.84%
167.50
Other Non Cash Items
3.69
-4.11%
3.85
-64.89%
10.96
+6.10%
10.33
Stock Based Compensation
42.07
-22.72%
54.44
+515.25%
8.85
+10.56%
8.00
Provisionand Write Offof Assets
3.32
+24.39%
2.67
+10.33%
2.42
-3.93%
2.52
Asset Impairment Charge
—
0.00
0.00
-100.00%
10.86
Deferred Tax
45.22
+176.47%
-59.13
+4.10%
-61.66
-127.48%
-27.11
Deferred Income Tax
45.22
+176.47%
-59.13
+4.10%
-61.66
-127.48%
-27.11
Operating Gains Losses
0.82
-96.02%
20.61
+5144.53%
0.39
-64.47%
1.11
Change In Working Capital
-38.09
-88.85%
-20.17
+41.75%
-34.62
+0.45%
-34.78
Change In Receivables
-24.32
-36.28%
-17.84
+6.94%
-19.17
-75.19%
-10.94
Changes In Account Receivables
-7.32
+66.43%
-21.82
-30.53%
-16.71
+3.79%
-17.37
Change In Prepaid Assets
-1.95
+16.15%
-2.32
+76.07%
-9.71
-1602.63%
-0.57
Change In Payables And Accrued Expense
8.93
-51.00%
18.23
+52.92%
11.92
+456.46%
-3.34
Change In Other Working Capital
-18.38
-3.49%
-17.76
-10.66%
-16.05
+19.00%
-19.81
Change In Other Current Assets
-2.38
-403.39%
-0.47
+71.63%
-1.66
-2006.33%
-0.08
Change In Other Current Liabilities
0.00
0.00
-100.00%
0.04
+250.00%
-0.03
Investing Cash Flow
-680.90
-2397.05%
-27.27
+55.67%
-61.52
-252.88%
-17.43
Cash Flow From Continuing Investing Activities
-680.90
-2397.05%
-27.27
+55.67%
-61.52
-252.88%
-17.43
Net PPE Purchase And Sale
-26.48
+2.89%
-27.27
-26.73%
-21.52
-23.43%
-17.43
Purchase Of PPE
-26.48
+2.89%
-27.27
-26.73%
-21.52
-23.43%
-17.43
Capital Expenditure
-26.48
+2.89%
-27.27
-26.73%
-21.52
-23.43%
-17.43
Net Investment Purchase And Sale
-24.88
0.00
0.00
—
Purchase Of Investment
-231.32
0.00
0.00
—
Sale Of Investment
206.44
0.00
0.00
—
Net Business Purchase And Sale
-629.53
0.00
+100.00%
-40.00
0.00
Purchase Of Business
-629.53
0.00
+100.00%
-40.00
0.00
Financing Cash Flow
243.45
+1361.81%
16.65
+197.10%
-17.15
+74.43%
-67.06
Cash Flow From Continuing Financing Activities
243.45
+1361.81%
16.65
+197.10%
-17.15
+74.43%
-67.06
Net Issuance Payments Of Debt
224.67
+122.27%
-1,008.84
-5273.61%
-18.77
+71.47%
-65.81
Issuance Of Debt
390.14
-32.27%
576.06
+2780.30%
20.00
0.00
Repayment Of Debt
-165.47
+89.56%
-1,584.90
-3987.54%
-38.77
+41.09%
-65.81
Long Term Debt Issuance
390.14
-32.27%
576.06
+2780.30%
20.00
0.00
Long Term Debt Payments
-165.47
+89.56%
-1,584.90
-3987.54%
-38.77
+41.09%
-65.81
Net Long Term Debt Issuance
224.67
+122.27%
-1,008.84
-5273.61%
-18.77
+71.47%
-65.81
Net Common Stock Issuance
25.78
-97.47%
1,017.91
+387139.16%
-0.26
+85.43%
-1.80
Common Stock Payments
0.00
+100.00%
-0.84
-22.67%
-0.69
+71.96%
-2.45
Repurchase Of Capital Stock
0.00
+100.00%
-0.84
-22.67%
-0.69
+71.96%
-2.45
Proceeds From Stock Option Exercised
—
0.00
0.00
+100.00%
-0.07
Net Other Financing Charges
-7.00
-192.28%
7.58
+302.01%
1.89
+202.24%
0.62
Changes In Cash
-127.77
-180.28%
159.15
+684.95%
-27.21
-250.02%
18.14
Beginning Cash Position
204.58
+350.34%
45.43
-37.46%
72.64
+33.28%
54.50
End Cash Position
76.81
-62.46%
204.58
+350.34%
45.43
-37.46%
72.64
Free Cash Flow
283.19
+98.73%
142.50
+375.90%
29.94
-64.86%
85.20
Interest Paid Supplemental Data
81.67
-33.48%
122.77
-36.39%
193.00
+33.74%
144.32
Income Tax Paid Supplemental Data
32.42
-36.56%
51.10
-0.68%
51.45
+823.02%
5.57
Common Stock Issuance
25.78
-97.47%
1,018.76
+239607.53%
0.42
-34.51%
0.65
Issuance Of Capital Stock
25.78
-97.47%
1,018.76
+239607.53%
0.42
-34.51%
0.65
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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