Skip to content
Screener

Waystar Holding Corp. WAY Q2 2025 earnings

Reported July 30, 2025 · After market close

Revenue$270.7MBeat by $14.5M
EPS$0.36Beat by $0.03
Revenue estimate$256.1M
EPS estimate$0.33

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$270.7M+15.4%
Gross profit$183.6M+19.2%
Operating income$64.8M+686%
Net income$32.2M+216%
EPS (diluted)$0.18+186%

Balance sheet

See full
Cash & equivalents$311.5M+287%
Total debt$1.3B-8.8%
Total equity$3.2B+7.7%
Total assets$4.7B+2.4%

Cash flow

See full
Operating cash flow$96.8M+526%
CapEx$5.8M-16.0%
Free cash flow$91.0M+960%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$6.7B+86.9%
Enterprise value$7.64B+56.6%
P/S6.6×+2.5×

Profitability

See full
Gross margin67.3%+0.4pp
Operating margin20.8%+7.7pp
FCF margin27.5%—

Returns & leverage

See full
Debt / equity0.4×-0.1×
Current ratio3.4×+1.3×

Segments

By product

See full
Volume-based revenue$138.3M+14.4%
Subscription revenue$131.1M+16.7%
Implementation services and other revenue$1.3M-2.9%

By segment

See full
Reportable Segment$270.7M+15.4%

FAQ

When did Waystar Holding Corp. report Q2 2025 earnings?
Waystar Holding Corp. (WAY) reported Q2 2025 earnings on July 30, 2025 after market close.
What were Waystar Holding Corp.'s Q2 2025 revenue and EPS?
Waystar Holding Corp. reported revenue of $270.7M and eps of $0.36 for Q2 2025.
Did Waystar Holding Corp. beat estimates in Q2 2025?
Revenue beat the consensus estimate of $256.1M by $14.5M. EPS beat the consensus estimate of $0.33 by $0.03.
How did Waystar Holding Corp.'s Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.4% from $234.5M a year earlier and eps grew 800.0% from $0.04.
Where can I find Waystar Holding Corp.'s Q2 2025 SEC filings?
You can read the 8-K earnings release (0001990354-25-000011) and the 10-Q periodic report (0001990354-25-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.