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Waystar Holding Corp. WAY Deferred Revenue

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Other financials

Income statement

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Revenue$319.7M+18.1%
Gross profit$222.0M+20.9%
Operating income$76.0M+17.3%
Net income$40.9M+27.0%
EPS (diluted)$0.21+16.7%

Balance sheet

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Cash & equivalents$45.4M-85.4%
Total debt$1.5B+18.0%
Total equity$4.0B+25.6%
Total assets$5.9B+25.5%

Cash flow

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Operating cash flow$59.4M-38.6%
CapEx$16.1M+179%
Free cash flow$43.3M-52.4%

Valuation

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Market cap$4.65B-21.2%
Enterprise value$6.08B-11.2%
P/E34.5×
P/S3.9×-2.0×

Profitability

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Gross margin69.1%+1.8pp
Operating margin22.9%+2.1pp
Net margin11.2%
FCF margin20.4%-7.1pp

Returns & leverage

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Return on equity3.8%
Debt / equity0.4×0.0×
Current ratio1.8×-1.6×

Where this comes from

Reported directly by Waystar Holding Corp. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Waystar Holding Corp.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001990354-26-000035
Line itemJune 30, 2026December 31, 2025
Accrued compensation25,90440,942
Aggregated funds payable32,63615,104
Other accrued expenses42,81222,990
Deferred revenue60,87467,855
Current portion of long-term debt13,39813,537
Related party current portion of long-term debt795657
Current portion of operating lease liabilities5,0836,029
Total current liabilities237,721218,063

Item 1. Financial Statements

FAQ

What is Waystar Holding Corp.'s deferred revenue?
Waystar Holding Corp. (WAY) reported deferred revenue of $60.87M in Q2 2026.
How has Waystar Holding Corp.'s deferred revenue changed year-over-year?
Waystar Holding Corp.'s deferred revenue increased by 538.1% year-over-year, from $9.54M to $60.87M.
What is the long-term trend for Waystar Holding Corp.'s deferred revenue?
Over 2 years (2023 to 2025), Waystar Holding Corp.'s deferred revenue has grown at a 149.1% compound annual growth rate (CAGR), from $10.94M to $67.86M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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