Skip to content
OpenCapital
Get started

Waystar Holding Corp. WAY Q3 2025 earnings

Reported October 29, 2025 · After market close

Revenue$268.7MMiss by $26.1MDiluted EPS$0.37Beat by $0.03
Revenue estimate$294.7M
EPS estimate$0.34

Next report

Jul 29, 2026 (In 4 days)
Revenue estimate$316.2M
EPS estimate$0.40

Financials

Q3 2025

Income statement

See full
Revenue$268.7M+11.9%
Gross profit$183.5M+15.0%
Operating income$60.2M+122%
Net income$30.6M+466%
EPS (diluted)$0.17+467%

Balance sheet

See full
Cash & equivalents$445.4M+209%
Total debt$1.3B-0.8%
Total equity$3.2B+5.6%
Total assets$4.7B+4.5%

Cash flow

See full
Operating cash flow$82.0M+4.1%
CapEx$5.9M-31.8%
Free cash flow$76.2M+8.5%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$6.61B+42.1%
Enterprise value$7.42B+28.6%
P/S6.4×+1.2×

Profitability

See full
Gross margin67.8%+1.3pp
Operating margin23.4%+11.5pp
FCF margin27.4%+17.5pp

Returns & leverage

See full
Debt / equity0.4×0.0×
Current ratio3.9×+1.6×

Segments

By product

See full
Subscription revenue$134.5M+13.9%
Volume-based revenue$132.3M+9.7%
Implementation services and other revenue$1.9M+29.0%

By segment

See full
Reportable Segment$268.7M+11.9%

Versus estimates

Revenue

Q1 2026$313.9MBeat by $2.1MQ4 2025$303.5MBeat by $8.7M
Q3 2025$268.7MMiss by $26.1M
Q2 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 $0.03Q4 2025$0.36Miss by $0.03
Q3 2025$0.37Beat by $0.03
Q2 2025$0.36Beat by $0.03Q1 2025$0.32In lineQ4 2024$0.29Beat by $0.14

Ask the moment Waystar Holding Corp. reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Waystar Holding Corp. report Q3 2025 earnings?
Waystar Holding Corp. (WAY) reported Q3 2025 earnings on October 29, 2025 after market close.
What were Waystar Holding Corp.'s Q3 2025 revenue and EPS?
Waystar Holding Corp. reported revenue of $268.7M and diluted EPS of $0.37 for Q3 2025.
Did Waystar Holding Corp. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $294.7M by $26.1M. EPS beat the consensus estimate of $0.34 by $0.03.
How did Waystar Holding Corp.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.9% from $240.1M a year earlier and diluted EPS grew 164.3% from $0.14.
Where can I find Waystar Holding Corp.'s Q3 2025 SEC filings?
You can read the 10-Q periodic report (0001990354-25-000031) directly on SEC EDGAR. The filing index links above go to sec.gov.