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Waystar Holding Corp. WAY Q1 2026 earnings

Reported April 29, 2026 · After market close

Revenue$313.9MBeat by $2.1MDiluted EPS$0.42Beat by $0.03
Revenue estimate$311.7M
EPS estimate$0.39

Next report

Jul 29, 2026 (In 4 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

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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

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Operating cash flow$84.9M+32.2%
CapEx$15.3M+182%
Free cash flow$69.6M+18.3%

Valuation & ratios

Valuation

as of 07/23/26
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—

Versus estimates

Revenue

Q1 2026$313.9MBeat by $2.1M
Q4 2025$303.5MBeat by $8.7MQ3 2025$268.7MMiss by $26.1MQ2 2025$270.7MBeat by $14.5MQ1 2025$256.4MBeat by $2.4MQ4 2024$244.1MMiss by $4.4M

Diluted EPS

Q1 2026$0.42Beat by $0.03
Q4 2025$0.36Miss by $0.03Q3 2025$0.37Beat by $0.03Q2 2025$0.36Beat by $0.03Q1 2025$0.32In lineQ4 2024$0.29Beat by $0.14

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Questions, answered.

When did Waystar Holding Corp. report Q1 2026 earnings?
Waystar Holding Corp. (WAY) reported Q1 2026 earnings on April 29, 2026 after market close.
What were Waystar Holding Corp.'s Q1 2026 revenue and EPS?
Waystar Holding Corp. reported revenue of $313.9M and diluted EPS of $0.42 for Q1 2026.
Did Waystar Holding Corp. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $311.7M by $2.1M. EPS beat the consensus estimate of $0.39 by $0.03.
How did Waystar Holding Corp.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.4% from $256.4M a year earlier and diluted EPS grew 31.2% from $0.32.
Where can I find Waystar Holding Corp.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001990354-26-000024) and the 10-Q periodic report (0001990354-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.