Waystar Holding (WAY) Income Statement

Waystar Holding reported revenue of $1.10B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 16.5% from $943.55M a year earlier. Net income was $112.09M, a net margin of 10.2%. Gross margin was 68.3% and operating margin 22.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $319.67M, up 18.1% from the same quarter a year earlier.

Waystar Holding Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Waystar Holding Corp. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	1.10	0.94	0.79	0.70	0.58
Cost of Revenue	0.35	0.32	0.25	0.21	0.15
Gross Profit	0.75	0.63	0.54	0.49	0.43
Operating Expenses
Research & Development	0.05	0.05	0.04	0.03	0.03
Selling, General & Administrative	0.31	0.27	0.19	0.18	0.16
Operating Expenses	0.50	0.50	0.40	0.40	0.37
Operating Income	0.25	0.12	0.14	0.09	0.06
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.08	-0.15	0.21	0.16	0.13
Other Income/Expense	-0.08	-0.15	-0.21	-0.16	-0.13
Income
Income Before Tax	0.17	-0.02	-0.06	-0.07	-0.07
Income Tax Expense	0.06	0.00	-0.01	-0.01	-0.02
Net Income	0.11	-0.02	-0.05	-0.05	-0.05
Net Income - Continuous Operations	0.11	-0.02	-0.05	-0.05	-0.05
Net Income - Discontinued Operations	-	-	-	-	-
EBITDA	0.39	0.30	0.32	0.27	0.24
EBIT	0.25	0.14	0.14	0.09	0.06
Depreciation & Amortization	0.14	0.16	0.18	0.18	0.18
Earnings Per Share
Basic EPS	1.00	-	-	-	-
Diluted EPS	1.00	-	-	-	-
Basic Shares Outstanding	0.18	0.15	0.17	0.17	0.17
Diluted Shares Outstanding	0.18	0.15	0.17	0.17	0.17

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Waystar Holding Financial Statements

What was Waystar Holding's revenue in fiscal 2025?

Waystar Holding reported revenue of $1.10B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 16.5% from $943.55M a year earlier.

Is Waystar Holding profitable?

Yes. Waystar Holding earned net income of $112.09M in fiscal 2025, a net margin of 10.2%. In fiscal 2024 it lost $19.13M.

What is Waystar Holding's operating margin?

Waystar Holding's operating income was $249.31M on revenue of $1.10B in fiscal 2025, an operating margin of 22.7%, compared with 13.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition