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Waystar Holding Corp. WAY Operating Income

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Other financials

Income statement

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Revenue$319.7M+18.1%
Gross profit$222.0M+20.9%
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:OperatingIncomeLoss.

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
Research and development17,72312,62236,09123,700
Depreciation and amortization41,46633,42682,91866,806
Total operating expenses243,632205,808477,041397,034
Income from operations76,04264,846156,507130,055
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

Item 1. Financial Statements

FAQ

What is Waystar Holding Corp.'s operating income?
Waystar Holding Corp. (WAY) reported operating income of $76.04M in Q2 2026.
How has Waystar Holding Corp.'s operating income changed year-over-year?
Waystar Holding Corp.'s operating income increased by 17.3% year-over-year, from $64.85M to $76.04M.
What is the long-term trend for Waystar Holding Corp.'s operating income?
Over 3 years (2022 to 2025), Waystar Holding Corp.'s operating income has grown at a 40.7% compound annual growth rate (CAGR), from $89.45M to $249.31M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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