Waystar Holding Corp.

For the period ended Sep 30, 2025. Filed Oct 29, 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.

Sep 30, 2025 · Filed Oct 29, 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 September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Revenue	$268,651	$240,112	$795,740	$699,447
Operating expenses
Cost of revenue (exclusive of depreciation and amortization expenses)	85,136	80,545	255,525	236,188
Sales and marketing	45,158	38,450	128,805	117,945
General and administrative	32,422	22,704	84,914	88,794
Research and development	12,403	11,082	36,103	37,303
Depreciation and amortization	33,300	60,185	100,106	148,635
Total operating expenses	208,419	212,966	605,453	628,865
Income from operations	60,232	27,146	190,287	70,582
Other expense
Interest expense	(16,613)	(17,752)	(52,195)	(122,759)
Related party interest expense	(902)	(707)	(2,475)	(3,425)
Income/(loss) before income taxes	42,717	8,687	135,617	(55,602)
Income tax expense/(benefit)	12,069	3,274	43,516	(17,398)
Net income/(loss)	$30,648	$5,413	$92,101	$(38,204)
Net income/(loss) per share:
Basic	$0.18	$0.03	$0.53	$(0.27)
Diluted	$0.17	$0.03	$0.51	$(0.27)
Weighted-average shares outstanding:
Basic	174,352,079	171,578,311	173,388,077	142,367,458
Diluted	181,240,033	176,181,511	181,165,738	142,367,458

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.