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Waystar Holding Corp. WAY Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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3.8%-1.7pp
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1.5%-1.0pp
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Hayward HoldingsHAYW
8.3%+0.8pp
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United States Lime & Minerals, Inc.USLM
46.5%-2.9pp

Other financials

Income statement

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Revenue$313.9M+22.4%
Gross profit$216.8M+25.3%
Operating income$80.5M+23.4%
Net income$43.3M+47.9%
EPS (diluted)$0.22+37.5%

Balance sheet

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Cash & equivalents$62.7M-74.9%
Total debt$1.5B+18.0%
Total equity$3.9B+26.0%
Total assets$5.8B+26.4%

Cash flow

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Operating cash flow$84.9M+32.2%
CapEx$15.3M+182%
Free cash flow$69.6M+18.3%

Valuation

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Market cap$3.53B-28.1%

Profitability

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Gross margin68.7%+1.9pp
Operating margin22.9%+7.1pp
Net margin10.9%
FCF margin25.4%+5.3pp

Returns & leverage

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Return on equity3.6%
Debt / equity0.4×0.0×
Current ratio1.8×-1.4×

Where this comes from

Calculated from Waystar Holding Corp.’s reported figures.

The official record: Waystar Holding Corp.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waystar Holding Corp.'s invested capital?
Waystar Holding Corp. (WAY) reported invested capital of $5.36B in Q1 2026.
How has Waystar Holding Corp.'s invested capital changed year-over-year?
Waystar Holding Corp.'s invested capital increased by 29.6% year-over-year, from $4.14B to $5.36B.
What is the long-term trend for Waystar Holding Corp.'s invested capital?
Over 2 years (2023 to 2025), Waystar Holding Corp.'s invested capital has grown at a 11.5% compound annual growth rate (CAGR), from $4.25B to $5.29B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).