What is Waystar Holding Corp.'s market cap?

Waystar Holding Corp. (WAY) has a market capitalization of $4.0B and trades on NASDAQ.

What is Waystar Holding Corp.'s revenue and profitability?

Waystar Holding Corp. generated $1.2B in trailing twelve-month revenue with net income of $126.1M, representing a net margin of 10.9%. Gross margin stands at 68.7%, with free cash flow of $294.0M. These figures are based on the Q1 2026 filing.

Who are Waystar Holding Corp.'s competitors?

Waystar Holding Corp.'s key competitors include Change Healthcare, Oracle Health, Weave Communications, Inc., and others. These companies compete in similar markets and product categories.

Where is Waystar Holding Corp. headquartered?

Waystar Holding Corp. is headquartered in United States of America and employs approximately 1,400 people. It has been publicly traded since 2024.

Waystar Holding Corp.

WAY

Waystar provides a mission-critical, cloud-based software platform designed to simplify and automate healthcare payments.

Market cap

$3.99B-37.6%

Revenue$1.2B+18.6%

Net income$126.1M+1,511%

Free cash flow$294.0M+49.9%

EPS (diluted)$0.67+547%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 29, 2026

Revenue$313.9MBeat by $2.1M EPS$0.42Beat by $0.03

Read the full report

Next report

Jul 29, 2026 (In 5 days)

Revenue estimate$316.2M

EPS estimate$0.40

Financials

Q1 2026

Income statement

See full

Revenue$313.9M+22.4%

Gross profit$216.8M+25.3%

Operating income$80.5M+23.4%

Net income$43.3M+47.9%

EPS (diluted)$0.22+37.5%

Balance sheet

See full

Cash & equivalents$62.7M-74.9%

Total debt$1.5B+18.0%

Total equity$3.9B+26.0%

Total assets$5.8B+26.4%

Cash flow

See full

Operating cash flow$84.9M+32.2%

CapEx$15.3M+182%

Free cash flow$69.6M+18.3%

Valuation & ratios

Valuation

See full

Market cap$3.99B-37.6%

Enterprise value$5.41B-26.3%

P/E31.6×—

P/S3.5×-2.9×

Profitability

See full

Gross margin68.7%+1.9pp

Operating margin22.9%+7.1pp

Net margin10.9%—

FCF margin25.4%+5.3pp

Returns & leverage

See full

Return on equity3.6%—

Debt / equity0.4×0.0×

Current ratio1.8×-1.4×

Segments

By product

See full

Subscription revenue$172.2M+37.7%

Volume-based revenue$139.5M+7.3%

Implementation services and other revenue$2.2M+52.0%

By segment

See full

Reportable Segment$313.9M—

Competitors

By market cap

UnitedHealth Group$391.69B+47.6%

Oracle$362.48B-46.7%

ExlService Holdings$4.1B-41.1%

Waystar Holding Corp.$4.0B-37.6%

Flywire Corporation$2.0B+41.8%

Weave Communications$488.5M-20.1%

Claritev Corporation$425.9M-40.8%

CareCloud, Inc.$93.1M-11.0%

By revenue growth

Flywire Corporation+32.5%

Waystar Holding Corp.+18.6%

Oracle+17.3%

Weave Communications+16.8%

ExlService Holdings+13.4%

CareCloud, Inc.+10.3%

UnitedHealth Group+9.7%

Claritev Corporation+5.5%

By net margin

Oracle25.37%+3.7pp

ExlService Holdings11.66%+0.3pp

Waystar Holding Corp.10.9%+11.8pp

CareCloud, Inc.7.87%-1.1pp

Flywire Corporation4.45%+1.6pp

UnitedHealth Group2.68%-2.7pp

Weave Communications-10.05%+4.0pp

Claritev Corporation-29.27%+97.7pp

Profile

Waystar provides a mission-critical, cloud-based software platform designed to simplify and automate healthcare payments. The company leverages proprietary AI and advanced algorithms to streamline the entire revenue cycle, from pre-service patient onboarding to post-service reimbursement and denial recovery. Its core value proposition is helping healthcare providers get paid faster and more accurately while reducing administrative labor costs and improving the patient financial experience.

Competitive position

Waystar is a leading provider of healthcare payment automation, processing billions of transactions annually and serving a significant portion of the U.S. hospital market.

GeographiesUnited States

Customer segmentsHealthcare Providers, Enterprise Hospitals, Ambulatory Care

Business modelSubscription SaaS, Transaction-based, B2B

SuppliersCloud infrastructure providers, Data center operators, AI and machine learning framework developers

CustomersHospitals, Health systems, Physician groups, Specialty clinics, Diagnostic laboratories

CountryUnited States of America

Listed2024

Employees1.4K

CEOMatthew J. Hawkins

SectorTechnology

IndustryInformation Technology Services

Websitewaystar.com

FilingsSEC EDGAR

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Questions, answered.

What is Waystar Holding Corp.'s market cap?: Waystar Holding Corp. (WAY) has a market capitalization of $4.0B and trades on NASDAQ.
What is Waystar Holding Corp.'s revenue and profitability?: Waystar Holding Corp. generated $1.2B in trailing twelve-month revenue with net income of $126.1M, representing a net margin of 10.9%. Gross margin stands at 68.7%, with free cash flow of $294.0M. These figures are based on the Q1 2026 filing.
Who are Waystar Holding Corp.'s competitors?: Waystar Holding Corp.'s key competitors include Change Healthcare, Oracle Health, Weave Communications, Inc., and others. These companies compete in similar markets and product categories.
Where is Waystar Holding Corp. headquartered?: Waystar Holding Corp. is headquartered in United States of America and employs approximately 1,400 people. It has been publicly traded since 2024.