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Waystar Holding Corp. Common Stock

Company price
28.185 USD -0.17 ( 0.58%)
Last update at 2026-11-09T15:41:00Z
VOLUME
88460
Market Cap
5113.93M
P/E
35.56

Momentum Score

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Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.

Source: TradingView
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Day Price Range
28.00
Low
28.80
High
52 Week Price Range
17.26
Low
40.35
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Waystar provides cloud revenue cycle management and patient payment solutions for healthcare providers and payers, automating claims, billing and reconciliation. Growth may be supported by digitalization of payments, rising demand for cloud RCM, and expansion of analytics and payment services, providing recurring revenue and scale that may appeal to investors.

Major risks include strong competition, execution and implementation challenges, regulatory or reimbursement changes, data-security exposure, and customer concentration.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
28.35
Dividend Yield
-
Revenue TTM
1205.74M
Revenue Per Share
6.43
Gross Profit TTM
833.24M
Debt / Equity
0.38
ROE
3.77%
Net Debt
1429.57M
ROCE
4.48%
Diluted EPS TTM
0.75

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 171.76M -22.55M -63.83M -65.88M -66.70M
Net income 112.09M -19.12M -51.33M -51.45M -47.12M
Selling general administrative 128.62M 111.75M 62.92M 73.09M 65.55M
Selling and marketing expenses 178.02M 156.94M 124.44M 111.47M 96.55M
Gross profit 751.12M 627.82M 541.24M 489.98M 426.80M
Reconciled depreciation 140.55M 186.63M 176.50M 183.20M 176.06M
Ebit 249.31M 123.72M 142.08M 89.45M 60.31M
Ebitda 389.85M 310.36M 318.55M 272.62M 236.37M
Depreciation and amortization 140.55M 186.63M 176.47M 183.17M 176.06M
Operating income 249.31M 123.72M 142.08M 89.45M 60.31M
Other operating expenses 849.97M 819.82M 648.93M 615.42M 518.25M
Interest expense 77.54M 146.27M 205.92M 155.32M 127.01M
Tax provision 59.67M -3.42M -12.50M -14.42M -19.58M
Net interest income -77.54M -146.27M -205.92M -155.32M -127.01M
Income tax expense 59.67M -3.42M -12.50M -14.42M -19.58M
Total revenue 1099.28M 943.55M 791.01M 704.87M 578.57M
Total operating expenses 501.81M 504.09M 399.16M 400.53M 366.48M
Cost of revenue 348.16M 315.73M 249.77M 214.89M 151.77M
Total other income expense net -77.54M -146.27M -205.92M -155.32M -127.01M
Net income from continuing ops 112.09M -19.12M -51.33M -51.45M -47.12M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5785.10M 4577.00M 4582.97M 4694.39M 4776.69M
Intangible assets 1292.84M 1039.05M 1186.94M 1326.54M 1494.03M
Other current assets 38.71M 40.84M 53.57M 41.91M 16.63M
Total liab 1906.27M 1497.22M 2533.04M 2588.16M 2655.53M
Total stockholder equity 3878.83M 3079.79M 2049.93M 2106.23M 2121.16M
Other current liab 79.04M 61.55M 40.36M 39.12M 41.77M
Common stock 1.92M 1.72M 1.22M 1.22M 2.01M
Capital stock 1.92M 1.72M 1.22M 1.22M 2.01M
Retained earnings -108.81M -220.90M -201.78M -150.44M -98.99M
Good will 4016.82M 3020.00M 3030.01M 3009.56M 3009.77M
Other assets - - -0.00M - 0.00M
Cash 61.35M 182.13M 35.58M 64.56M 47.25M
Total current liabilities 218.06M 145.63M 123.49M 102.21M 110.26M
Current deferred revenue 67.86M 10.53M 10.94M 9.90M 11.70M
Net debt 1429.57M 1081.08M 2213.77M 2196.83M 2247.77M
Short term debt 20.22M 18.16M 23.20M 22.76M 18.69M
Short long term debt 14.19M 11.67M 17.98M 17.98M 17.98M
Short long term debt total 1490.93M 1263.21M 2249.35M 2261.39M 2295.01M
Other stockholder equity 3986.35M 3298.08M 2234.69M 2225.62M 2218.63M
Total current assets 308.41M 371.04M 222.05M 217.90M 166.89M
Short term investments 24.88M 0.00M 9.85M - -
Net receivables 183.47M 148.07M 132.90M 111.43M 103.01M
Long term debt 1458.71M 1220.62M 2199.68M 2207.91M 2262.56M
Inventory - - -13.30M - -
Accounts payable 50.95M 47.37M 45.48M 28.09M 34.83M
Accumulated other comprehensive income -0.63M 0.88M 15.80M 29.84M -0.49M
Non currrent assets other 102.41M 89.36M 72.36M 72.82M 47.38M
Non current assets total 5476.69M 4205.96M 4360.93M 4476.49M 4609.81M
Capital lease obligations 18.02M 30.92M 31.69M 35.49M 14.47M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -24.88M -27.27M -61.52M -17.43M -444.33M
Total cashflows from investing activities -680.90M -27.27M -61.52M -17.43M -444.33M
Net borrowings 224.67M -1008.84M -18.77M -65.81M 349.29M
Total cash from financing activities 243.45M 16.65M -17.15M -67.06M 331.50M
Net income 112.09M -19.12M -51.33M -51.45M -47.12M
Change in cash -127.77M 159.15M -27.21M 18.14M -6.43M
Begin period cash flow 204.58M 45.43M 72.64M 54.50M 60.93M
End period cash flow 76.81M 204.58M 45.43M 72.64M 54.50M
Total cash from operating activities 309.67M 169.77M 51.46M 102.63M 106.41M
Issuance of capital stock 25.78M 1018.76M 0.42M 0.65M 1.19M
Depreciation 140.55M 186.63M 176.50M 183.17M 176.06M
Change to account receivables -24.32M -17.84M -19.17M -10.94M -12.66M
Sale purchase of stock 0.00M -0.84M -0.69M -2.45M -1.91M
Other cashflows from financing activities -6.96M 7.58M 1.89M 0.55M -17.07M
Capital expenditures 26.48M 27.27M 21.52M 17.43M 14.54M
Change in working capital -38.09M -20.17M -34.62M -34.78M -18.81M
Stock based compensation 42.07M 54.44M 8.85M 8.00M 6.83M
Other non cash items 7.83M 27.13M 13.73M 24.81M 12.79M
Free cash flow 283.19M 142.50M 29.94M 85.20M 91.86M

Peer Comparison*

Sector: Healthcare Industry: Health Information Services

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
WAY
Waystar Holding Corp. Common Stock
-0.17
0.58%
28.18 35.56 12.89 4.24 1.20 5.03 14.03
VEEV
Veeva Systems Inc Class A
-1.60
0.53%
302.12 43.49 29.59 12.48 5.79 10.39 33.41
PMCUF
Pro Medicus Limited
-
-%
144.00 64.90 90.91 49.11 38.05 65.12 83.47
TEM
Tempus AI, Inc. Class A Common Stock
6.32
8.31%
82.37 - - 8.68 25.39 8.33 -
MTHRY
M3 Inc
0.30
5.27%
5.99 31.84 26.25 0.05 4.60 0.04 0.12

Profile*

Waystar Holding Corp. Common Stock

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.

1550 Digital Drive, Lehi, UT, United States, 84043

844 492 9782

1700

Name Title Year Born
Mr. Matthew J. Hawkins CEO & Director 1972
Mr. Steven M. Oreskovich CPA Advisor 1972
Mr. T. Craig Bridge Chief Transformation Officer 1973
Ms. Alpana Wegner CPA Chief Financial Officer 1973
Mr. Amit Khanna Chief Product & Technology Officer NA
Mr. Edward Akira Parker Head of Investor Relations NA
Mr. Mark Encinger Vice President of Treasury & Compliance NA
Mr. Gregory R. Packer Chief Legal Officer & Secretary 1980
Kristin Lee Vice President of Communications NA
Mr. Brendan O'Connor Senior Vice President of Corporate Development & Strategy NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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