The financials
Waystar Holding Corp. by the numbers
Waystar Holding Corp. (WAY) reported revenue of $320M in Q2 2026 (quarter ended June 30, 2026), up 18% from the same quarter a year earlier. That came with a gross margin of 69% and net income of $41M (13% of revenue). For the full year FY2025, revenue was $1.10B (+17% year on year) and net income $112M. Its largest product in 2026-Q1 was Subscription And Circulation at $172M, 55% of the disclosed total, just ahead of Volume Based at 44%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $320M | $271M | +18% |
| Gross profit | $222M | $184M | +21% |
| Operating income | $76M | $65M | +17% |
| Net income | $41M | $32M | +27% |
| Diluted EPS | $0.21 | $0.18 | +17% |
| Product | Revenue | Share |
|---|---|---|
| Subscription And Circulation | $172M | 55% |
| Volume Based | $139M | 44% |
| Implementation Services And Other | $2.2M | 0.7% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $313.9M (+17%)
Implementation Services And Other grew +52% year on yearVolume Based +7.3% year on year
Segment Latestquarter on quarteryear on year
- Subscription And Circulation$172.2M$172.2MQoQ +28%year on year +38%+28%+38%
- Volume Based$139.5M$139.5MQoQ +5.4%year on year +7.3%+5.4%+7.3%
- Implementation Services And Other$2.2M$2.2MQoQ +21%year on year +52%+21%+52%
Health Information Services
Ranks #7 of 14 by Smart Score