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Waystar Holding Corp. WAY Reportable Segment — Materials and connectivity

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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

Reported directly by Waystar Holding Corp. in its filing.

Tagged under the XBRL concept way:MaterialsAndConnectivity.

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 reportable segment — materials and connectivity?
Waystar Holding Corp. (WAY) reported reportable segment — materials and connectivity of $67.12M in Q1 2026.
How has Waystar Holding Corp.'s reportable segment — materials and connectivity changed year-over-year?
Waystar Holding Corp.'s reportable segment — materials and connectivity increased by 11.1% year-over-year, from $60.39M to $67.12M.
What is the long-term trend for Waystar Holding Corp.'s reportable segment — materials and connectivity?
Over 2 years (2023 to 2025), Waystar Holding Corp.'s reportable segment — materials and connectivity has grown at a 19.0% compound annual growth rate (CAGR), from $173.08M to $244.93M.
What does reportable segment — materials and connectivity mean?
Captures the direct costs associated with third-party data feeds, network infrastructure, and essential connectivity services required to deliver the segment's platform functionality. These expenses are variable in nature and scale with the volume of transactions processed through the platform. Monitoring this metric is critical for assessing the direct cost of service delivery and gross margin pressure.