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Waystar Holding Corp. WAY Free cash flow margin

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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$4.48B-24.3%
Enterprise value$5.92B-13.8%
P/E33.3×
P/S3.7×-2.1×

Profitability

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Gross margin69.1%+1.8pp
Operating margin22.9%+2.1pp
Net margin11.2%

Returns & leverage

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

Where this comes from

Calculated from Waystar Holding Corp.’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 29, 2026, 4:04 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001990354-26-000035

FAQ

What is Waystar Holding Corp.'s free cash flow margin?
Waystar Holding Corp. (WAY) reported free cash flow margin of 20.4% in Q2 2026.
How has Waystar Holding Corp.'s free cash flow margin changed year-over-year?
Waystar Holding Corp.'s free cash flow margin decreased by 25.9% year-over-year, from 27.5% to 20.4%.
What is the long-term trend for Waystar Holding Corp.'s free cash flow margin?
Over 2 years (2022 to 2025), Waystar Holding Corp.'s free cash flow margin has grown at a 46.0% compound annual growth rate (CAGR), from 12.1% to 25.8%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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