Waystar Holding Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.1B | $943.5M | $791.0M | $704.9M | — |
| Research and development | $54.6M | $48.8M | $35.3M | $32.8M | — |
| Operating income | $249.3M | $123.7M | $142.1M | $89.5M | — |
| Pretax income | $171.8M | -$22.5M | -$63.8M | -$65.9M | — |
| Income tax expense | $59.7M | -$3.4M | -$12.5M | -$14.4M | — |
| Net income | $112.1M | -$19.1M | -$51.3M | -$51.5M | — |
| Balance Sheet | |||||
| Cash and equivalents | $61.4M | $182.1M | $35.6M | $64.6M | — |
| Current assets | $308.4M | $371.0M | $222.1M | — | — |
| Total assets | $5.8B | $4.6B | $4.6B | — | — |
| Current liabilities | $218.1M | $145.6M | $123.5M | — | — |
| Total liabilities | $1.9B | $1.5B | $2.5B | — | — |
| Total debt | $1.5B | $1.2B | $2.2B | — | — |
| Stockholders' equity | $3.9B | $3.1B | $2.0B | $2.1B | $2.1B |
| Cash Flow Statement | |||||
| Cash from operations | $309.7M | $169.8M | $51.5M | $102.6M | — |
| Depreciation and amortization | $140.5M | $186.6M | $176.5M | $183.2M | — |
| Stock-based compensation | $42.1M | $54.4M | $8.8M | $8.0M | — |
| Capital expenditure | $26.5M | $27.3M | $21.5M | $17.4M | — |
| Free cash flow | $283.2M | $142.5M | $29.9M | $85.2M | — |
| Share repurchases | $0 | $844,000 | $688,000 | $2.5M | — |
| Impairments | $0 | $0 | $0 | $10.9M | — |
Shares outstanding 191.8M · Free float 54.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.