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Waystar Holding Corp. WAY Implementation services and other revenue — Revenue

Other product segments

Subscription revenue
$176.29M+34.5%
Volume-based revenue
$142.15M+2.8%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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, 2026 / Solution type / PatientThree months ended June 30, 2026 / Solution type / ProviderThree months ended June 30, 2026 / TotalThree months ended June 30, 2025 / Solution type / PatientThree months ended June 30, 2025 / Solution type / ProviderThree months ended June 30, 2025 / Total
Subscription revenue$3,487$172,800$176,287$3,381$127,727$131,108
Volume-based revenue84,08758,062142,14978,16860,122138,290
Implementation services and other revenue2969421,2384218351,256
Total revenues$87,870$231,804$319,674$81,970$188,684$270,654

Item 1. Financial Statements

FAQ

What is Waystar Holding Corp.'s implementation services and other revenue — revenue?
Waystar Holding Corp. (WAY) reported implementation services and other revenue — revenue of $1.24M in Q2 2026.
How has Waystar Holding Corp.'s implementation services and other revenue — revenue changed year-over-year?
Waystar Holding Corp.'s implementation services and other revenue — revenue decreased by 1.4% year-over-year, from $1.26M to $1.24M.
What is the long-term trend for Waystar Holding Corp.'s implementation services and other revenue — revenue?
Over 3 years (2022 to 2025), Waystar Holding Corp.'s implementation services and other revenue — revenue has grown at a 31.3% compound annual growth rate (CAGR), from $2.71M to $6.12M.
What does implementation services and other revenue — revenue mean?
This metric represents the revenue generated from professional services, including the initial setup, configuration, and onboarding of clients onto the company's software platform. It also encompasses ancillary service offerings that fall outside of recurring subscription or transaction-based fees. Tracking this revenue stream provides insight into the company's ability to successfully deploy its technology and expand its footprint within the healthcare provider ecosystem.

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