Stocks Technology WAY
NASDAQ · TechnologyWaystar Holding Corp. (WAY)
Waystar Holding Corp. brought in $1.3B of revenue over the twelve months to September 30, 2026, up 21.4% from a year earlier. Net income was $135.2M, a net margin of 10.7%. Operating cash flow minus capital spending left $283.2M of free cash flow in fiscal 2025. At September 30, 2026 it held $30.8M in cash against $1.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 2, 2026.
Key facts about Waystar Holding Corp.
- Net worth
- Waystar Holding Corp. has a market value (market cap) of $5.5B at the latest share price, and shareholders' equity of $4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.1B (+16.5% year on year), with net income of $112.1M. Over the 12 months to September 30, 2026: revenue $1.3B, net income $135.2M.
- Cash flow
- In fiscal 2025 operations brought in $309.7M of cash; after $26.5M of capital spending, free cash flow was $283.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 2, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Waystar Holding Corp.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Waystar Holding Corp. does
Waystar Holding Corp. is registered with the SEC under industry code SIC 7373 (Services-Computer Integrated Systems Design). Its shares trade on NASDAQ under the ticker WAY.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.1B | $112.1M | $0.61 | $283.2M |
| 2024 | $943.5M | -$19.1M | -$0.13 | $142.5M |
| 2024 | $791M | -$51.3M | -$0.42 | $29.9M |
| 2022 | $704.9M | -$51.5M | -$0.42 | $85.2M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WAY ranks in Technology
Latest SEC filings
What Waystar Holding Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake changed SCHEDULE 13G/A
- November 2, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 21% to $325.6M versus the same quarter last year; diluted EPS $0.16 versus $0.17.
- November 2, 2026
- August 7, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 18% to $319.7M versus the same quarter last year; diluted EPS $0.21 versus $0.18.
- July 29, 2026
- June 4, 2026
- April 29, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 22% to $313.9M versus the same quarter last year; diluted EPS $0.22 versus $0.16.
- April 29, 2026
- April 17, 2026Additional proxy material DEFA14A
What is WAY worth? A DCF from its reported cash flow
Insider trades
What the people running Waystar Holding Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $5.8M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 3, 2026 | Packer Gregory RChief Legal officer | Shares withheld for tax | 13,413 | $369.5K |
| November 3, 2026 | Bridge T. CraigChief Transformation Officer | Shares withheld for tax | 12,022 | $331.2K |
| November 3, 2026 | Woods Todd CharlesChief Commercial Officer | Shares withheld for tax | 4,042 | $111.4K |
| October 23, 2026 | Wegner AlpanaChief Financial Officer | Shares withheld for tax | 3,409 | $98K |
| October 6, 2026 | Hawkins Matthew J.Chief Executive Officer, Director | Exercised options | 82,500 | $341.6K |
| October 6, 2026 | Hawkins Matthew J.Chief Executive Officer, Director | Soldpre-planned (10b5-1) | 82,500 | $2.2M |
| October 5, 2026 | Chan WilliamChief Product & AI Officer | Shares withheld for tax | 9,560 | $249.2K |
| September 2, 2026 | Hawkins Matthew J.Chief Executive Officer, Director | Exercised options | 82,500 | $341.6K |
Who owns WAY
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Derby LuxCo S.a r.l.13G, passive with 1 related filers | 14.2% | November 7, 2025 |
| Fmr LLC13G, passive with 1 related filers | 10.2% | August 7, 2026 |
| Canada Pension Plan Investment Board13G, passive with 1 related filers | 9.9% | November 13, 2025 |
| BCPE Derby (DE) SPV, LP13G, passive with 1 related filers | 5.9% | November 14, 2025 |
| Advent International, L.P.13D, may seek influence with 2 related filers | 5.8% | October 3, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 302 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| EQT Fund Management S.a r.l. | 24,879,437 | 0 |
| Canada Pension Plan Investment Board | 19,025,452 | 0 |
| BlackRock, Inc. | 17,435,466 | +769,734 |
| Fmr LLC | 15,045,567 | +83,148 |
| Bain Capital Investors LLC | 13,243,539 | 0 |
| Advent International, L.P. | 11,059,899 | 0 |
| Vanguard Portfolio Management LLC | 6,626,263 | +219,485 |
| Goldentree Asset Management LP | 6,160,110 | +1,716,439 |
| Vanguard Capital Management LLC | 5,200,460 | +55,236 |
| Bank of Montreal | 5,189,386 | +1,735,629 |
| State Street Corp | 4,572,108 | +282,993 |
| Artisan Partners Limited Partnership | 3,679,251 | -729,153 |
| Millennium Management LLC | 3,652,355 | +1,540,222 |
| Neuberger Berman Group LLC | 3,634,210 | -1,036,969 |
| Geode Capital Management, LLC | 3,088,690 | +196,548 |
| UBS Group AG | 2,884,399 | +731,450 |
| Jupiter Topco LLC | 2,871,893 | new |
| Dimensional Fund Advisors LP | 2,660,854 | +614,458 |
| Bank of America Corp | 2,583,119 | +517,861 |
| Massachusetts Financial Services Co | 2,275,354 | +692,696 |
Insiders
19 insiders reported holding 7,561,776 shares in total, about $217M at the last price.
| Holder | Shares |
|---|---|
| Hawkins Matthew J.Chief Executive Officer, Director | 1,804,794 |
| Chan WilliamChief Product & AI Officer | 1,571,252 |
| Bridge T. CraigChief Transformation Officer | 821,212 |
| Schremser Christopher L.Chief Technology Officer | 495,033 |
| Sinclair III Eric L. (Ric)Chief Business Officer | 474,826 |
| Oreskovich Steven MChief Financial Officer | 424,200 |
| Packer Gregory RChief Legal officer | 404,842 |
| Khanna AmitChief Prod. & Tech. Officer | 390,625 |
| Wittman Kimberly S.Chief People Officer | 270,233 |
| Miller Melissa F. (Missy)Chief Marketing Officer | 252,077 |
Questions about WAY
What does Waystar Holding Corp. do?
Waystar Holding Corp. is a company in the Technology sector, listed on NASDAQ as WAY. Its shares trade on NASDAQ under the ticker WAY.
What is Waystar Holding Corp.'s net worth?
Waystar Holding Corp. has a market value (market cap) of $5.5B at the latest share price, and shareholders' equity of $4B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Waystar Holding Corp. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $135.2M on revenue of $1.3B, a net margin of 10.7%.
How much revenue does Waystar Holding Corp. make?
Over the twelve months to September 30, 2026 Waystar Holding Corp. reported revenue of $1.3B. That is 21.4% more than a year earlier.
When did Waystar Holding Corp. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 2, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the passive stake changed from November 5, 2026.
When is Waystar Holding Corp.'s next earnings report?
Waystar Holding Corp.'s next report is expected around February 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Waystar Holding Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.