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Waystar Holding Corp. WAY Reportable Segment — R&D

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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 us-gaap:ResearchAndDevelopmentExpense.

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 — R&D?
Waystar Holding Corp. (WAY) reported reportable segment — R&D of $18.37M in Q1 2026.
How has Waystar Holding Corp.'s reportable segment — R&D changed year-over-year?
Waystar Holding Corp.'s reportable segment — R&D increased by 65.8% year-over-year, from $11.08M to $18.37M.
What is the long-term trend for Waystar Holding Corp.'s reportable segment — R&D?
Over 2 years (2023 to 2025), Waystar Holding Corp.'s reportable segment — R&D has grown at a 24.3% compound annual growth rate (CAGR), from $35.33M to $54.62M.
What does reportable segment — R&D mean?
Represents expenditures dedicated to the innovation, design, and enhancement of the segment's software platform and technological capabilities. This investment is essential for maintaining competitive differentiation and expanding the segment's product roadmap. High levels of spending here indicate a commitment to long-term growth and technological leadership.