WAY
Waystar Holding Corp.
$25.07
-1.01
(-3.87%)
Mkt Cap
4.81B
Volume
893,703
52W Range
17.26-41.47
Sector
Healthcare
Beta
0.07
EPS (TTM)
0.72 USD
P/E Ratio
34.82
Revenue (TTM)
1.21B USD
Rev Growth (5Y)
+17.4%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$51.97
Undervalued
strong signal
51.8% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade · Gated
How strong & durable the business is
F
Platform & Compounding FCF
30.0 / 100 pillar composite (overridden)
A platform business that compounds free cash flow — graded A–F vs. similar companies.
Company Description
Waystar Holding Corp. is dedicated to developing a cloud-based software platform designed to streamline financial transactions within the healthcare industry. Their comprehensive system offers a suite of functionalities, including pre-approving finances, supporting patients with billing, overseeing claims and payments, actively preventing and recovering denied claims, enhancing revenue capture, and providing insightful analytics and reporting. The company's main clientele operates within the healthcare sector. Established in 2017, Waystar Holding Corp. is headquartered in Lehi, Utah.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1.10B | 943.55M | 791.01M | 704.87M | 578.57M |
| Net Income | 112.09M | (19.12M) | (51.33M) | (51.45M) | (47.12M) |
| EPS | 0.63 | -0.13 | -0.31 | -0.31 | -0.28 |
| Free Cash Flow | 283.19M | 142.50M | 29.94M | 85.20M | 91.86M |
| FCF / Share | 1.59 | 0.95 | 0.18 | 0.51 | 0.55 |
| Operating CF | 309.67M | 169.77M | 51.46M | 102.63M | 106.41M |
| Total Assets | 5.79B | 4.58B | 4.58B | 4.69B | 4.78B |
| Total Debt | 1.49B | 1.26B | 2.25B | 2.26B | 2.30B |
| Cash & Equiv | 61.35M | 182.13M | 35.58M | 64.56M | 47.25M |
| Book Value | 3.88B | 3.08B | 2.05B | 2.11B | 2.12B |
| Return on Equity | 0.03 | -0.01 | -0.03 | -0.02 | -0.02 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 319.67M | 313.87M | 303.54M | 268.65M | 270.65M | 256.44M | 244.10M | 240.11M | 234.54M | 224.79M | 206.69M | 197.26M |
| Net Income | 40.87M | 43.28M | 19.99M | 30.65M | 32.18M | 29.27M | 19.08M | 5.41M | (27.68M) | (15.93M) | (14.41M) | (15.49M) |
| EPS | 0.21 | 0.23 | 0.10 | 0.18 | 0.19 | 0.17 | 0.11 | 0.03 | -0.17 | -0.10 | -0.09 | -0.09 |
| Free Cash Flow | 43.30M | 69.59M | 57.22M | 76.15M | 90.99M | 58.82M | 58.55M | 70.20M | 8.58M | 5.17M | 5.67M | (16.69M) |
| FCF / Share | 0.23 | 0.36 | 0.30 | 0.44 | 0.52 | 0.34 | 0.34 | 0.41 | 0.05 | 0.03 | 0.03 | -0.10 |
| Operating CF | 59.41M | 84.91M | 66.63M | 82.03M | 96.76M | 64.25M | 64.77M | 78.82M | 15.45M | 10.73M | 11.46M | (10.45M) |
| Total Assets | 5.87B | 5.84B | 5.79B | 4.75B | 4.68B | 4.62B | 4.58B | 4.54B | 4.57B | 4.58B | 4.58B | 4.61B |
| Total Debt | 1.48B | 1.49B | 1.49B | 1.25B | 1.26B | 1.26B | 1.26B | 1.27B | 1.38B | 2.28B | 2.25B | 2.25B |
| Cash & Equiv | 12.64M | 34.34M | 61.35M | 421.06M | 290.30M | 224.00M | 182.13M | 127.12M | 68.38M | 57.34M | 35.58M | 52.85M |
| Book Value | 3.99B | 3.94B | 3.88B | 3.22B | 3.17B | 3.13B | 3.08B | 3.05B | 2.95B | 2.04B | 2.05B | 2.08B |
| Return on Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 |
WAY News
Bain Capital Venture Investors LLC Takes $18.13 Billion Position in Waystar Holding Corp. $WAY
Bamco Inc. NY Purchases Shares of 1,787,600 Waystar Holding Corp. $WAY
Waystar Holding Corp. (WAY) Analyst/Investor Day Transcript
Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle
Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle
Waystar Targets Autonomous Revenue Cycle With AI, Automation Push at Investor Day
Waystar Expands Executive Leadership to Accelerate Innovation and Growth
Waystar Holding Corp. $WAY Shares Purchased by California State Teachers Retirement System
Waystar (WAY) Upgraded to Buy: What Does It Mean for the Stock?
WAY vs. ADSK: Which Stock Is the Better Value Option?