Waystar Financial Statements
NASDAQ: WAYTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Waystar revenue and earnings
In fiscal 2025, Waystar generated $1.10 billion in revenue, up 16.5% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $112.1 million, for a net margin of 10.2% versus a median of -6.5% in the prior 3 years. Gross margin was 68.3% (up from 66.5%) and operating margin 22.7%.
Diluted earnings per share came in at $0.61. Over the last 3 fiscal years, WAY's revenue has grown at a 16.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Waystar income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Revenue | 1.10B | 943.55M | 791.01M | 704.87M |
| Revenue growth (YoY) | +16.50% | +19.28% | +12.22% | — |
| Cost of Revenue | 348.16M | 315.73M | 249.77M | 214.89M |
| Gross Profit | 751.12M | 627.82M | 541.24M | 489.98M |
| Operating Expenses | 501.81M | 504.09M | 399.16M | 400.53M |
| Research & Development | 54.62M | 48.77M | 35.33M | 32.81M |
| Selling, General & Admin | 306.64M | 268.69M | 187.36M | 184.56M |
| Operating Income | 249.31M | 123.72M | 142.08M | 89.45M |
| Pretax Income | 171.76M | -22.55M | -63.83M | -65.88M |
| Income Tax | 59.67M | -3.42M | -12.50M | -14.42M |
| Net Income | 112.09M | -19.13M | -51.33M | -51.45M |
| Net Income growth (YoY) | — | — | — | — |
| EPS (Basic) | 0.63 | -0.13 | -0.42 | -0.42 |
| EPS (Diluted) | 0.61 | -0.13 | -0.42 | -0.42 |
| Shares Outstanding (Basic) | 177.93M | 149.92M | 121.68M | 121.68M |
| Shares Outstanding (Diluted) | 184.78M | 149.92M | 121.68M | 121.68M |
| EBITDA | 389.85M | 310.36M | 318.55M | 272.62M |
| Gross Margin | 68.33% | 66.54% | 68.42% | 69.51% |
| Operating Margin | 22.68% | 13.11% | 17.96% | 12.69% |
| Net Margin | 10.20% | -2.03% | -6.49% | -7.30% |
This table shows 4 annual periods of Waystar's income statement, from FY 2025 back to FY 2022, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow WAY's reporting calendar. What is a income statement?