# Waystar Holding Corp.: overview

WAY · Nasdaq · CIK 1990354 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/way.md) · [Financials](/companies/way/financials.md) · [Filings](/companies/way/filings.md) · [Insiders](/companies/way/insiders.md)

Latest reported revenue: [$319.7m](/filings/0001990354-26-000035.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001990354-26-000035).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [240](/filings/0001990354-25-000031.md) | [244 d](/filings/0001990354-26-000011.md) | [256](/filings/0001990354-26-000025.md) | [271](/filings/0001990354-26-000035.md) | [269](/filings/0001990354-25-000031.md) | [304 d](/filings/0001990354-26-000011.md) | [314](/filings/0001990354-26-000025.md) | [320](/filings/0001990354-26-000035.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.3%](/filings/0001990354-25-000031.md) | [21.8% d](/filings/0001990354-26-000011.md) | [25.4%](/filings/0001990354-26-000025.md) | [24.0%](/filings/0001990354-26-000035.md) | [22.4%](/filings/0001990354-25-000031.md) | [19.4% d](/filings/0001990354-26-000011.md) | [25.6%](/filings/0001990354-26-000025.md) | [23.8%](/filings/0001990354-26-000035.md) |
| Net margin | % | [2.3%](/filings/0001990354-25-000031.md) | [7.8% d](/filings/0001990354-26-000011.md) | [11.4%](/filings/0001990354-26-000025.md) | [11.9%](/filings/0001990354-26-000035.md) | [11.4%](/filings/0001990354-25-000031.md) | [6.6% d](/filings/0001990354-26-000011.md) | [13.8%](/filings/0001990354-26-000025.md) | [12.8%](/filings/0001990354-26-000035.md) |
| Diluted EPS | $ per share | [0.03](/filings/0001990354-25-000031.md) | not reported | [0.16](/filings/0001990354-26-000025.md) | [0.18](/filings/0001990354-26-000035.md) | [0.17](/filings/0001990354-25-000031.md) | not reported | [0.22](/filings/0001990354-26-000025.md) | [0.21](/filings/0001990354-26-000035.md) |
| Free cash flow | $m | [70.2 d](/filings/0001990354-25-000031.md) | [58.5 d](/filings/0001990354-26-000011.md) | [58.8](/filings/0001990354-26-000025.md) | [91.0 d](/filings/0001990354-26-000035.md) | [76.2 d](/filings/0001990354-25-000031.md) | [57.2 d](/filings/0001990354-26-000011.md) | [69.6](/filings/0001990354-26-000025.md) | [43.3 d](/filings/0001990354-26-000035.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2022-12-31) | FY (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: |
| Revenue | $m | [705](/filings/0001410578-25-000148.md) | [791](/filings/0001990354-26-000011.md) | [944](/filings/0001990354-26-000011.md) | [1,099](/filings/0001990354-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported |
| Operating margin | % | [12.7%](/filings/0001410578-25-000148.md) | [18.0%](/filings/0001990354-26-000011.md) | [13.1%](/filings/0001990354-26-000011.md) | [22.7%](/filings/0001990354-26-000011.md) |
| Net margin | % | [(7.3%)](/filings/0001410578-25-000148.md) | [(6.5%)](/filings/0001990354-26-000011.md) | [(2.0%)](/filings/0001990354-26-000011.md) | [10.2%](/filings/0001990354-26-000011.md) |
| Diluted EPS | $ per share | [(0.42)](/filings/0001410578-25-000148.md) | [(0.42)](/filings/0001990354-26-000011.md) | [(0.13)](/filings/0001990354-26-000011.md) | [0.61](/filings/0001990354-26-000011.md) |
| Free cash flow | $m | [85.2](/filings/0001410578-25-000148.md) | [29.9](/filings/0001990354-26-000011.md) | [143](/filings/0001990354-26-000011.md) | [283](/filings/0001990354-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/way/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [EQT Fund Management S.a r.l.](/funds/1834239.md) | 2026-06-30 | $510.8m | 24,879,437 |  | Unchanged |
| [CANADA PENSION PLAN INVESTMENT BOARD](/funds/1283718.md) | 2026-06-30 | $390.6m | 19,025,452 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $358.0m | 17,435,466 |  | Added +769,734 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $308.9m | 15,045,567 |  | Added +83,148 |
| [Bain Capital Investors LLC](/funds/1040508.md) | 2026-06-30 | $271.9m | 13,243,539 |  | Unchanged |
| [Advent International, L.P.](/funds/1034196.md) | 2026-06-30 | $227.1m | 11,059,899 |  | Unchanged |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $136.0m | 6,626,263 |  | Added +219,485 |
| [GOLDENTREE ASSET MANAGEMENT LP](/funds/1278951.md) | 2026-06-30 | $126.3m | 6,160,110 |  | Added +1,716,439 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $106.8m | 5,200,460 |  | Added +55,236 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $106.5m | 5,189,386 |  | Added +1,735,629 |

## Recent filings

[All 305 filings](/companies/way/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-07-29 | 16:04 ET | [10-Q](/filings/0001990354-26-000035.md) | Quarterly report, period 2026-06-30 | 0001990354-26-000035 |
| 2026-07-29 | 16:01 ET | [8-K](/filings/0001990354-26-000034.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001990354-26-000034 |
| 2026-06-04 | 18:07 ET | [8-K](/filings/0001990354-26-000028.md) | 5.07 Shareholder vote results | 0001990354-26-000028 |
| 2026-04-29 | 16:03 ET | [10-Q](/filings/0001990354-26-000025.md) | Quarterly report, period 2026-03-31 | 0001990354-26-000025 |
| 2026-04-29 | 16:01 ET | [8-K](/filings/0001990354-26-000024.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001990354-26-000024 |
| 2026-04-17 | 16:32 ET | [DEF 14A](/filings/0001990354-26-000013.md) | Proxy statement, period 2025-12-31 | 0001990354-26-000013 |
| 2026-02-17 | 06:49 ET | [10-K](/filings/0001990354-26-000011.md) | Annual report, period 2025-12-31 | 0001990354-26-000011 |
| 2026-02-17 | 06:47 ET | [8-K](/filings/0001990354-26-000010.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001990354-26-000010 |
| 2026-02-06 | 16:06 ET | [8-K](/filings/0001990354-26-000005.md) | 5.02 Departure or appointment of officers or directors | 0001990354-26-000005 |
| 2025-10-29 | 16:03 ET | [10-Q](/filings/0001990354-25-000031.md) | Quarterly report, period 2025-09-30 | 0001990354-25-000031 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001990354-26-000011.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fad8afb3-34cc-4d24-8381-15833cdbd4b3)

## About the filer

- CIK: 1990354
- Tickers: WAY
- Exchange: Nasdaq
- SIC code: 7373 Services-Computer Integrated Systems Design
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 26, 2026, 15:52 ET. No prices; not investment advice.