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Waystar Holding Corp. WAY Q1 2025 earnings

Reported April 30, 2025 · After market close

Revenue$256.4MBeat by $2.4M
EPS$0.32In line
Revenue estimate$254.0M
EPS estimate$0.32

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$323.3M
EPS estimate$0.41

Financials

Q1 2025

Income statement

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Revenue$256.4M+14.1%
Gross profit$173.1M+15.7%
Operating income$65.2M+85.3%
Net income$29.3M+284%
EPS (diluted)$0.16+223%

Balance sheet

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Cash & equivalents$249.7M+336%
Total debt$1.3B—
Total equity$3.1B+53.6%
Total assets$4.6B—

Cash flow

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Operating cash flow$64.2M+499%
CapEx$5.4M-2.4%
Free cash flow$58.8M+1,038%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$6.43B—
Enterprise value$7.44B—
P/S6.6×—

Profitability

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Gross margin66.8%-1.0pp
Operating margin15.8%-1.5pp
FCF margin20.1%—

Returns & leverage

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Debt / equity0.4×—
Current ratio3.1×—

Segments

By product

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Volume-based revenue$129.9M+10.9%
Subscription revenue$125.0M+17.9%
Implementation services and other revenue$1.5M-5.9%

FAQ

When did Waystar Holding Corp. report Q1 2025 earnings?
Waystar Holding Corp. (WAY) reported Q1 2025 earnings on April 30, 2025 after market close.
What were Waystar Holding Corp.'s Q1 2025 revenue and EPS?
Waystar Holding Corp. reported revenue of $256.4M and eps of $0.32 for Q1 2025.
Did Waystar Holding Corp. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $254.0M by $2.4M. EPS beat the consensus estimate of $0.32 by $0.00.
How did Waystar Holding Corp.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.1% from $224.8M a year earlier.
Where can I find Waystar Holding Corp.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-042494) and the 10-Q periodic report (0001410578-25-001048) directly on SEC EDGAR. The filing index links above go to sec.gov.