Waystar Quarterly Income Statement
NASDAQ: WAYTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Waystar revenue and earnings
In the quarter ended Jun 30, 2026, Waystar generated $319.7 million in revenue, up 18.1% from the same quarter a year earlier. Net income was $40.9 million (+27.0% year over year), for a net margin of 12.8% versus a median of 11.4% in the prior 5 quarters. Gross margin was 69.4% (up from 67.8%) and operating margin 23.8%.
Diluted earnings per share came in at $0.21, up from $0.18.
Summary generated from market data by MetaCap's automated system. Methodology
Waystar income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Revenue growth (YoY) | +18.11% | +22.40% | +24.35% | +11.89% | +15.40% | +14.08% | +18.10% | +21.72% | +19.68% | — | — | — |
| Cost of Revenue | 97.69M | 97.03M | 92.64M | 85.14M | 87.04M | 83.34M | 79.54M | 80.55M | 80.45M | 75.19M | 67.19M | 62.92M |
| Gross Profit | 221.99M | 216.84M | 210.90M | 183.51M | 183.61M | 173.09M | 164.56M | 159.57M | 154.09M | 149.60M | 139.51M | 134.34M |
| Operating Expenses | 145.95M | 136.37M | 151.88M | 123.28M | 118.76M | 107.88M | 111.42M | 132.42M | 145.85M | 114.41M | 101.82M | 102.13M |
| Research & Development | 17.72M | 18.37M | 18.52M | 12.40M | 12.62M | 11.08M | 11.47M | 11.08M | 15.90M | 10.32M | 9.78M | 8.97M |
| Selling, General & Admin | 86.76M | 76.55M | 92.92M | 77.58M | 72.72M | 63.42M | 61.95M | 61.15M | 85.67M | 59.91M | 47.35M | 49.48M |
| Operating Income | 76.04M | 80.47M | 59.02M | 60.23M | 64.85M | 65.21M | 53.14M | 27.15M | 8.24M | 35.19M | 37.69M | 32.22M |
| Interest Expense | 19.65M | 20.65M | — | 17.52M | 18.25M | 18.90M | — | 18.46M | 50.54M | — | — | — |
| Pretax Income | 56.40M | 59.82M | 36.15M | 42.72M | 46.59M | 46.31M | 33.06M | 8.69M | -42.30M | -21.99M | -15.17M | -20.20M |
| Income Tax | 15.53M | 16.54M | 16.16M | 12.07M | 14.41M | 17.04M | 13.98M | 3.27M | -14.61M | -6.06M | -757.00K | -4.71M |
| 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 |
| Net Income growth (YoY) | +26.98% | +47.88% | +4.76% | +466.19% | — | — | — | — | — | — | — | — |
| EPS (Basic) | 0.21 | 0.23 | 0.09 | 0.18 | 0.19 | 0.17 | 0.18 | 0.03 | -0.21 | -0.13 | — | -0.13 |
| EPS (Diluted) | 0.21 | 0.22 | 0.10 | 0.17 | 0.18 | 0.16 | 0.18 | 0.03 | -0.21 | -0.13 | — | -0.13 |
| Shares Outstanding (Basic) | 191.87M | 191.67M | — | 174.35M | 173.36M | 172.19M | — | 171.58M | 133.53M | 121.68M | — | 121.67M |
| Shares Outstanding (Diluted) | 194.51M | 195.16M | — | 181.24M | 181.60M | 180.69M | — | 176.18M | 133.53M | 121.68M | — | 121.67M |
| EBITDA | 117.51M | 121.92M | 99.46M | 93.53M | 98.27M | 98.59M | 91.14M | 87.33M | 52.52M | 79.36M | 82.38M | 75.89M |
| Gross Margin | 69.44% | 69.08% | 69.48% | 68.31% | 67.84% | 67.50% | 67.41% | 66.46% | 65.70% | 66.55% | 67.49% | 68.10% |
| Operating Margin | 23.79% | 25.64% | 19.44% | 22.42% | 23.96% | 25.43% | 21.77% | 11.31% | 3.52% | 15.65% | 18.23% | 16.33% |
| Net Margin | 12.78% | 13.79% | 6.59% | 11.41% | 11.89% | 11.41% | 7.82% | 2.25% | -11.80% | -7.09% | -6.97% | -7.85% |
This table shows 12 quarterly periods of Waystar's income statement, from Q2 2026 back to Q3 2023, across 19 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?