Waystar Holding Corp.

For the period ended Jun 30, 2025. Filed Jul 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 30, 2025

WAY$29.30+0.4%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

Unaudited Condensed Consolidated Statements of Operations (in Thousands, Except for Share and Per Share Data)

	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025	2024
Revenue	$270,654	$234,543	$527,089	$459,335
Operating expenses
Cost of revenue (exclusive of depreciation and amortization expenses)	87,044	80,451	170,389	155,643
Sales and marketing	43,524	45,715	83,647	79,495
General and administrative	29,192	39,955	52,492	66,090
Research and development	12,622	15,901	23,700	26,221
Depreciation and amortization	33,426	44,276	66,806	88,450
Total operating expenses	205,808	226,298	397,034	415,899
Income from operations	64,846	8,245	130,055	43,436
Other expense
Interest expense	(17,325)	(49,195)	(35,582)	(105,007)
Related party interest expense	(930)	(1,346)	(1,573)	(2,718)
Income/(loss) before income taxes	46,591	(42,296)	92,900	(64,289)
Income tax expense/(benefit)	14,407	(14,611)	31,447	(20,672)
Net income/(loss)	$32,184	$(27,685)	$61,453	$(43,617)
Net income/(loss) per share:
Basic	$0.19	$(0.21)	$0.36	$(0.34)
Diluted	$0.18	$(0.21)	$0.34	$(0.34)
Weighted-average shares outstanding:
Basic	173,358,382	133,527,766	172,467,988	127,601,532
Diluted	181,599,133	133,527,766	181,076,149	127,601,532

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.