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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%
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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Other expense
Interest expense, net(18,635)(17,325)(38,349)(35,582)
Related party interest expense(1,011)(930)(1,944)(1,573)
Income before income taxes56,39646,591116,21492,900
Income tax expense15,52914,40732,06431,447
Net income$40,867$32,184$84,150$61,453
Net income per share:
Basic$0.21$0.19$0.44$0.36

Item 1. Financial Statements

FAQ

What is Waystar Holding Corp.'s pre-tax income?
Waystar Holding Corp. (WAY) reported pre-tax income of $56.4M in Q2 2026.
How has Waystar Holding Corp.'s pre-tax income changed year-over-year?
Waystar Holding Corp.'s pre-tax income increased by 21.0% year-over-year, from $46.59M to $56.4M.
What is the long-term trend for Waystar Holding Corp.'s pre-tax income?
Over 2 years (2022 to 2025), Waystar Holding Corp.'s pre-tax income has grown at a 61.5% compound annual growth rate (CAGR), from -$65.88M to $171.76M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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