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Waystar (WAY) Financials

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$39.21 -0.44 (-1.11%)
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Annual Income Statements for Waystar

Annual Income Statements for Waystar

This table shows Waystar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 -19 -51 -51
Consolidated Net Income / (Loss)		 -19 -51 -51
Net Income / (Loss) Continuing Operations		 -19 -51 -51
Total Pre-Tax Income 		-23 -64 -66
Total Operating Income		 124 142 89
Total Gross Profit		 944 791 490
Total Revenue		 944 791 705
Operating Revenue		 944 791 705
Total Cost of Revenue		 0.00 0.00 215
Total Operating Expenses		 820 649 401
Selling, General & Admin Expense		 112 63 73
Marketing Expense		 157 124 111
Research & Development Expense		 49 35 33
Depreciation Expense		 187 176 183
Amortization Expense		 316 250 -
Total Other Income / (Expense), net		 -146 -206 -155
Interest Expense		 146 206 155
Income Tax Expense		 -3.42 -13 -14
Basic Earnings per Share		 ($0.13) ($0.42) ($0.42)
Weighted Average Basic Shares Outstanding		 149.92M 121.68M 121.68M
Diluted Earnings per Share		 ($0.13) ($0.42) ($0.42)
Weighted Average Diluted Shares Outstanding		 149.92M 121.68M 121.68M
Weighted Average Basic & Diluted Shares Outstanding		 172.15M - -

Quarterly Income Statements for Waystar

This table shows Waystar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q3 2023 Q2 2023
Period end date 3/31/2025 9/30/2024 6/30/2024 9/30/2023 6/30/2023
Net Income / (Loss) Attributable to Common Shareholders		 29 5.41 -28 -15 -11
Consolidated Net Income / (Loss)		 29 5.41 -28 -15 -11
Net Income / (Loss) Continuing Operations		 29 5.41 -28 -15 -11
Total Pre-Tax Income 		46 8.69 -42 -20 -14
Total Operating Income		 65 27 8.25 32 37
Total Gross Profit		 256 160 154 197 196
Total Revenue		 256 240 235 197 196
Operating Revenue		 256 240 235 197 196
Total Cost of Revenue		 0.00 81 80 0.00 0.00
Total Operating Expenses		 191 132 146 165 159
Selling, General & Admin Expense		 23 23 40 17 14
Marketing Expense		 40 38 46 32 31
Research & Development Expense		 11 11 16 8.97 8.25
Depreciation Expense		 33 60 44 44 44
Amortization Expense		 83 - - 63 61
Total Other Income / (Expense), net		 -19 -18 -51 -52 -51
Interest Expense		 19 18 51 52 51
Income Tax Expense		 17 3.27 -15 -4.71 -3.15
Basic Earnings per Share		 $0.17 $0.03 ($0.21) ($0.13) ($0.09)
Weighted Average Basic Shares Outstanding		 172.19M 171.58M 133.53M 121.67M 121.68M
Diluted Earnings per Share		 $0.16 $0.03 ($0.21) ($0.13) ($0.09)
Weighted Average Diluted Shares Outstanding		 180.69M 176.18M 133.53M 121.67M 121.68M
Weighted Average Basic & Diluted Shares Outstanding		 173.02M 172.09M 166.66M - -

Annual Cash Flow Statements for Waystar

This table details how cash moves in and out of Waystar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 159 -27 18
Net Cash From Operating Activities		 170 51 103
Net Cash From Continuing Operating Activities		 170 51 103
Net Income / (Loss) Continuing Operations		 -19 -51 -51
Consolidated Net Income / (Loss)		 -19 -51 -51
Depreciation Expense		 187 176 183
Amortization Expense		 3.95 10 10
Non-Cash Adjustments To Reconcile Net Income		 77 10 21
Changes in Operating Assets and Liabilities, net		 -79 -95 -61
Net Cash From Investing Activities		 -27 -62 -17
Net Cash From Continuing Investing Activities		 -27 -62 -17
Purchase of Property, Plant & Equipment		 -27 -22 -17
Acquisitions		 0.00 -40 0.00
Net Cash From Financing Activities		 17 -17 -67
Net Cash From Continuing Financing Activities		 17 -17 -67
Repayment of Debt		 -1,585 -38 -65
Repurchase of Common Equity		 -4.25 -0.69 -2.45
Payment of Dividends		 0.00 0.00 -0.00
Issuance of Debt		 576 20 0.00
Issuance of Common Equity		 1,019 0.43 0.65
Other Financing Activities, net		 12 1.31 -0.28
Cash Interest Paid		 123 193 144
Cash Income Taxes Paid		 51 51 5.57

Quarterly Cash Flow Statements for Waystar

This table details how cash moves in and out of Waystar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q4 2023 Q3 2023
Period end date 3/31/2025 12/31/2024 9/30/2024 12/31/2023 9/30/2023
Net Change in Cash & Equivalents		 45 60 64 -7.43 -52
Net Cash From Operating Activities		 64 65 79 11 -10
Net Cash From Continuing Operating Activities		 64 65 79 11 -10
Net Income / (Loss) Continuing Operations		 29 19 5.41 -14 -15
Consolidated Net Income / (Loss)		 29 19 5.41 -14 -15
Depreciation Expense		 33 38 60 45 44
Amortization Expense		 0.67 0.65 0.66 2.56 2.69
Non-Cash Adjustments To Reconcile Net Income		 7.52 8.22 10 3.53 2.31
Changes in Operating Assets and Liabilities, net		 -6.59 -1.17 2.19 -25 -44
Net Cash From Investing Activities		 -30 -6.22 -8.62 -16 -36
Net Cash From Continuing Investing Activities		 -30 -6.22 -8.62 -16 -36
Purchase of Property, Plant & Equipment		 -5.43 -6.22 -8.62 -5.79 -6.24
Purchase of Investments		 -24 - - - -
Net Cash From Financing Activities		 11 1.69 -6.31 -3.12 -5.38
Net Cash From Continuing Financing Activities		 11 1.69 -6.31 -3.12 -5.38
Repayment of Debt		 -2.92 -34 -124 -25 -4.50
Repurchase of Common Equity		 0.00 -0.04 -1.39 - -0.00
Issuance of Debt		 0.00 31 10 20 -
Issuance of Common Equity		 11 0.20 104 0.14 0.00
Other Financing Activities, net		 2.98 4.76 4.90 1.46 -0.88
Cash Interest Paid		 20 22 19 49 49
Cash Income Taxes Paid		 0.53 13 12 15 31

Annual Balance Sheets for Waystar

This table presents Waystar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023
Period end date 12/31/2024 12/31/2023
Total Assets		 4,577 4,583
Total Current Assets		 371 222
Cash & Equivalents		 182 36
Restricted Cash		 22 9.85
Accounts Receivable		 145 126
Prepaid Expenses		 14 13
Current Deferred & Refundable Income Taxes		 2.84 6.81
Other Current Assets		 3.97 30
Plant, Property, & Equipment, net		 0.00 0.00
Total Noncurrent Assets		 4,206 4,361
Goodwill		 3,020 3,030
Intangible Assets		 1,039 1,187
Other Noncurrent Operating Assets		 147 144
Total Liabilities & Shareholders' Equity		 4,577 4,583
Total Liabilities		 1,497 2,533
Total Current Liabilities		 146 123
Short-Term Debt		 12 18
Accounts Payable		 47 45
Accrued Expenses		 16 11
Current Deferred Revenue		 11 11
Current Employee Benefit Liabilities		 32 23
Other Current Liabilities		 29 15
Total Noncurrent Liabilities		 1,352 2,410
Long-Term Debt		 1,221 2,200
Noncurrent Deferred Revenue		 5.74 6.17
Noncurrent Deferred & Payable Income Tax Liabilities		 101 174
Other Noncurrent Operating Liabilities		 25 29
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 3,080 2,050
Total Preferred & Common Equity		 3,080 2,050
Preferred Stock		 0.00 0.00
Total Common Equity		 3,080 2,050
Common Stock		 3,300 2,236
Retained Earnings		 -221 -202
Accumulated Other Comprehensive Income / (Loss)		 0.88 16

Quarterly Balance Sheets for Waystar

This table presents Waystar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024
Period end date 3/31/2025 9/30/2024 6/30/2024
Total Assets		 4,619 4,541 4,567
Total Current Assets		 441 305 271
Cash & Equivalents		 224 127 68
Restricted Cash		 26 17 12
Short-Term Investments		 24 - -
Accounts Receivable		 147 138 148
Prepaid Expenses		 17 14 15
Current Deferred & Refundable Income Taxes		 0.00 4.58 11
Other Current Assets		 2.25 4.32 16
Plant, Property, & Equipment, net		 47 48 0.00
Total Noncurrent Assets		 4,132 4,187 4,296
Goodwill		 3,020 3,020 3,030
Intangible Assets		 1,011 1,070 1,109
Other Noncurrent Operating Assets		 101 98 157
Total Liabilities & Shareholders' Equity		 4,619 4,541 4,567
Total Liabilities		 1,493 1,488 1,621
Total Current Liabilities		 141 133 126
Short-Term Debt		 12 13 13
Accounts Payable		 45 48 51
Accrued Expenses		 26 12 11
Current Deferred Revenue		 11 10 10
Current Employee Benefit Liabilities		 16 27 23
Other Current Liabilities		 32 23 18
Total Noncurrent Liabilities		 1,352 1,355 1,495
Long-Term Debt		 1,218 1,222 1,334
Noncurrent Deferred & Payable Income Tax Liabilities		 105 101 131
Other Noncurrent Operating Liabilities		 29 32 24
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,126 3,053 2,946
Total Preferred & Common Equity		 3,126 3,053 2,946
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 3,126 3,053 2,946
Common Stock		 3,317 3,293 3,180
Retained Earnings		 -192 -240 -245
Accumulated Other Comprehensive Income / (Loss)		 0.32 0.19 11

Annual Metrics And Ratios for Waystar

This table displays calculated financial ratios and metrics derived from Waystar's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 19.28% 12.22% 0.00%
EBITDA Growth		 -4.47% 16.31% 0.00%
EBIT Growth		 -12.92% 58.84% 0.00%
NOPAT Growth		 -12.92% 58.84% 0.00%
Net Income Growth		 62.74% 0.24% 0.00%
EPS Growth		 69.05% 0.00% 0.00%
Operating Cash Flow Growth		 229.90% -49.86% 0.00%
Free Cash Flow Firm Growth		 104.88% 0.00% 0.00%
Invested Capital Growth		 -2.72% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 100.00% 100.00% 69.51%
EBITDA Margin		 33.31% 41.60% 40.13%
Operating Margin		 13.11% 17.96% 12.69%
EBIT Margin		 13.11% 17.96% 12.69%
Profit (Net Income) Margin		 -2.03% -6.49% -7.30%
Tax Burden Percent		 84.83% 80.42% 78.11%
Interest Burden Percent		 -18.22% -44.93% -73.64%
Effective Tax Rate		 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 2.08% 4.71% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.53% -9.17% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -2.83% -9.72% 0.00%
Return on Equity (ROE)		 -0.75% -5.01% 0.00%
Cash Return on Invested Capital (CROIC)		 4.83% -195.29% 0.00%
Operating Return on Assets (OROA)		 2.70% 3.10% 0.00%
Return on Assets (ROA)		 -0.42% -1.12% 0.00%
Return on Common Equity (ROCE)		 -0.75% -5.01% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -0.62% -2.50% 0.00%
Net Operating Profit after Tax (NOPAT)		 87 99 63
NOPAT Margin		 9.18% 12.57% 8.88%
Net Nonoperating Expense Percent (NNEP)		 6.61% 13.88% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 2.01% 2.33% -
Cost of Revenue to Revenue		 0.00% 0.00% 30.49%
SG&A Expenses to Revenue		 11.84% 7.95% 10.37%
R&D to Revenue		 5.17% 4.47% 4.65%
Operating Expenses to Revenue		 86.89% 82.04% 56.82%
Earnings before Interest and Taxes (EBIT)		 124 142 89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 314 329 283
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 2.05 0.47 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.69 1.22 1.37
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.79 0.74 0.00
Enterprise Value to Revenue (EV/Rev)		 7.78 3.97 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 23.36 9.54 0.00
Enterprise Value to EBIT (EV/EBIT)		 59.35 22.10 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 84.79 31.57 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 43.25 61.01 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 36.48 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.40 1.08 0.00
Long-Term Debt to Equity		 0.40 1.07 0.00
Financial Leverage		 0.62 1.06 0.00
Leverage Ratio		 1.79 2.24 0.00
Compound Leverage Factor		 -0.33 -1.00 0.00
Debt to Total Capital		 28.58% 51.97% 0.00%
Short-Term Debt to Total Capital		 0.27% 0.42% 0.00%
Long-Term Debt to Total Capital		 28.31% 51.54% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 71.42% 48.03% 0.00%
Debt to EBITDA		 3.92 6.74 0.00
Net Debt to EBITDA		 3.27 6.60 0.00
Long-Term Debt to EBITDA		 3.88 6.69 0.00
Debt to NOPAT		 14.23 22.30 0.00
Net Debt to NOPAT		 11.87 21.84 0.00
Long-Term Debt to NOPAT		 14.09 22.12 0.00
Altman Z-Score		 2.82 0.47 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 2.55 1.80 0.00
Quick Ratio		 2.25 1.31 0.00
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 201 -4,123 0.00
Operating Cash Flow to CapEx		 622.59% 239.16% 588.73%
Free Cash Flow to Firm to Interest Expense		 1.38 -20.02 0.00
Operating Cash Flow to Interest Expense		 1.16 0.25 0.66
Operating Cash Flow Less CapEx to Interest Expense		 0.97 0.15 0.55
Efficiency Ratios		 - - -
Asset Turnover		 0.21 0.17 0.00
Accounts Receivable Turnover		 6.96 6.27 0.00
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 52.48 58.18 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 52.48 58.18 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 4,107 4,222 0.00
Invested Capital Turnover		 0.23 0.37 0.00
Increase / (Decrease) in Invested Capital		 -115 4,222 0.00
Enterprise Value (EV)		 7,343 3,140 0.00
Market Capitalization		 6,316 968 968
Book Value per Share		 $17.90 $16.85 $0.00
Tangible Book Value per Share		 ($5.69) ($17.81) $0.00
Total Capital		 4,312 4,268 0.00
Total Debt		 1,232 2,218 0.00
Total Long-Term Debt		 1,221 2,200 0.00
Net Debt		 1,028 2,172 0.00
Capital Expenditures (CapEx)		 27 22 17
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 32 71 0.00
Debt-free Net Working Capital (DFNWC)		 237 117 0.00
Net Working Capital (NWC)		 225 99 0.00
Net Nonoperating Expense (NNE)		 106 151 114
Net Nonoperating Obligations (NNO)		 1,028 2,172 0.00
Total Depreciation and Amortization (D&A)		 191 187 193
Debt-free, Cash-free Net Working Capital to Revenue		 3.44% 8.99% 0.00%
Debt-free Net Working Capital to Revenue		 25.13% 14.73% 0.00%
Net Working Capital to Revenue		 23.89% 12.46% 0.00%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 ($0.13) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 149.92M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.13) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 149.92M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 172.15M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 87 99 63
Normalized NOPAT Margin		 9.18% 12.57% 8.88%
Pre Tax Income Margin		 -2.39% -8.07% -9.35%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.85 0.69 0.58
NOPAT to Interest Expense		 0.59 0.48 0.40
EBIT Less CapEx to Interest Expense		 0.66 0.59 0.46
NOPAT Less CapEx to Interest Expense		 0.41 0.38 0.29
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -22.23% -1.34% -4.77%

Quarterly Metrics And Ratios for Waystar

This table displays calculated financial ratios and metrics derived from Waystar's official financial filings.

Metric Q1 2025 Q3 2024 Q2 2024 Q3 2023 Q2 2023
Period end date 3/31/2025 9/30/2024 6/30/2024 9/30/2023 6/30/2023
Growth Metrics		 - - - - -
Revenue Growth		 14.08% 21.72% 19.68% 0.00% 0.00%
EBITDA Growth		 22.47% 11.97% -62.97% 0.00% 0.00%
EBIT Growth		 85.30% -15.73% -77.83% 0.00% 0.00%
NOPAT Growth		 67.31% -24.99% -77.83% 0.00% 0.00%
Net Income Growth		 283.71% 134.95% -156.11% 0.00% 0.00%
EPS Growth		 223.08% 123.08% -133.33% 0.00% 0.00%
Operating Cash Flow Growth		 498.78% 854.46% 0.00% 0.00% 0.00%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 2.37% 0.00% 0.66% 0.00%
EBITDA Q/Q Growth		 0.00% 67.53% 0.00% -44.60% 0.00%
EBIT Q/Q Growth		 0.00% 229.24% 0.00% -13.37% 0.00%
NOPAT Q/Q Growth		 0.00% 193.08% 0.00% -13.37% 0.00%
Net Income Q/Q Growth		 0.00% 119.55% 0.00% -43.26% 0.00%
EPS Q/Q Growth		 0.00% 114.29% 0.00% -44.44% 0.00%
Operating Cash Flow Q/Q Growth		 -0.80% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 1.92% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% -1.65% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 100.00% 66.46% 65.70% 100.00% 100.00%
EBITDA Margin		 38.71% 36.64% 22.39% 39.83% 72.37%
Operating Margin		 25.43% 11.31% 3.52% 16.33% 18.98%
EBIT Margin		 25.43% 11.31% 3.52% 16.33% 18.98%
Profit (Net Income) Margin		 11.41% 2.25% -11.80% -7.85% -5.52%
Tax Burden Percent		 63.20% 62.31% 65.46% 76.68% 77.45%
Interest Burden Percent		 71.02% 32.00% -512.99% -62.69% -37.53%
Effective Tax Rate		 36.80% 37.69% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 7.68% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.18% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 1.58% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 9.26% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 5.37% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 2.41% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 9.26% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.83% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 41 17 5.77 23 26
NOPAT Margin		 16.07% 7.04% 2.46% 11.43% 13.28%
Net Nonoperating Expense Percent (NNEP)		 2.50% 2.11% 5.28% 0.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 0.95% - - - -
Cost of Revenue to Revenue		 0.00% 33.54% 34.30% 0.00% 0.00%
SG&A Expenses to Revenue		 9.09% 9.46% 17.04% 8.80% 7.39%
R&D to Revenue		 4.32% 4.62% 6.78% 4.55% 4.21%
Operating Expenses to Revenue		 74.57% 55.15% 62.18% 83.67% 81.02%
Earnings before Interest and Taxes (EBIT)		 65 27 8.25 32 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 99 88 53 79 142
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 2.06 1.52 0.33 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.60 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 246.65 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.41% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.81 1.39 0.53 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 7.58 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 22.22 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 48.05 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 84.32 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 33.08 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.39 0.40 0.46 0.00 0.00
Long-Term Debt to Equity		 0.39 0.40 0.45 0.00 0.00
Financial Leverage		 0.31 0.36 0.43 0.00 0.00
Leverage Ratio		 1.48 1.49 1.55 0.00 0.00
Compound Leverage Factor		 1.05 0.48 -7.95 0.00 0.00
Debt to Total Capital		 28.24% 28.80% 31.38% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.27% 0.30% 0.30% 0.00% 0.00%
Long-Term Debt to Total Capital		 27.97% 28.50% 31.08% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 71.76% 71.20% 68.62% 0.00% 0.00%
Debt to EBITDA		 3.70 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 2.87 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 3.66 0.00 0.00 0.00 0.00
Debt to NOPAT		 14.04 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 10.91 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 13.90 0.00 0.00 0.00 0.00
Altman Z-Score		 2.86 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 3.12 2.29 2.15 0.00 0.00
Quick Ratio		 2.80 1.99 1.72 0.00 0.00
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 -4,040 -4,126 -4,207 0.00 0.00
Operating Cash Flow to CapEx		 1,184.10% 914.79% 0.00% -167.31% 0.00%
Free Cash Flow to Firm to Interest Expense		 -213.78 -223.53 -83.24 0.00 0.00
Operating Cash Flow to Interest Expense		 3.40 4.27 0.00 -0.20 0.00
Operating Cash Flow Less CapEx to Interest Expense		 3.11 3.80 0.00 -0.32 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.21 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 6.62 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 20.91 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 55.12 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 55.12 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 4,082 4,143 4,213 0.00 0.00
Invested Capital Turnover		 0.48 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 4,082 4,143 4,213 0.00 0.00
Enterprise Value (EV)		 7,387 5,738 2,234 0.00 0.00
Market Capitalization		 6,432 4,648 968 968 968
Book Value per Share		 $18.16 $18.32 $22.06 $0.00 $0.00
Tangible Book Value per Share		 ($5.26) ($6.22) ($8.93) $0.00 $0.00
Total Capital		 4,356 4,287 4,293 0.00 0.00
Total Debt		 1,230 1,235 1,347 0.00 0.00
Total Long-Term Debt		 1,218 1,222 1,334 0.00 0.00
Net Debt		 956 1,090 1,267 0.00 0.00
Capital Expenditures (CapEx)		 5.43 8.62 0.00 6.24 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 37 41 77 0.00 0.00
Debt-free Net Working Capital (DFNWC)		 311 185 158 0.00 0.00
Net Working Capital (NWC)		 299 172 145 0.00 0.00
Net Nonoperating Expense (NNE)		 12 12 33 38 37
Net Nonoperating Obligations (NNO)		 956 1,090 1,267 0.00 0.00
Total Depreciation and Amortization (D&A)		 34 61 44 46 105
Debt-free, Cash-free Net Working Capital to Revenue		 3.77% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 31.88% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 30.69% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.17 $0.03 ($0.21) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 172.19M 171.58M 133.53M 0.00 0.00
Adjusted Diluted Earnings per Share		 $0.16 $0.03 ($0.21) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 180.69M 176.18M 133.53M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 173.02M 172.09M 166.66M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 41 17 5.77 23 26
Normalized NOPAT Margin		 16.07% 7.04% 2.46% 11.43% 13.28%
Pre Tax Income Margin		 18.06% 3.62% -18.03% -10.24% -7.12%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 3.45 1.47 0.16 0.61 0.73
NOPAT to Interest Expense		 2.18 0.92 0.11 0.43 0.51
EBIT Less CapEx to Interest Expense		 3.16 1.00 0.00 0.50 0.00
NOPAT Less CapEx to Interest Expense		 1.89 0.45 0.00 0.31 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 15.44% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Waystar's Financials

When does Waystar's financial year end?

According to the most recent income statement we have on file, Waystar's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Waystar's net income changed over the last 2 years?

Waystar's net income appears to be on a downward trend, with a most recent value of -$19.13 million in 2024, falling from -$51.46 million in 2022. The previous period was -$51.33 million in 2023. View Waystar's forecast to see where analysts expect Waystar to go next.

What is Waystar's operating income?
Waystar's total operating income in 2024 was $123.73 million, based on the following breakdown:
  • Total Gross Profit: $943.55 million
  • Total Operating Expenses: $819.82 million
How has Waystar revenue changed over the last 2 years?

Over the last 2 years, Waystar's total revenue changed from $704.87 million in 2022 to $943.55 million in 2024, a change of 33.9%.

How much debt does Waystar have?

Waystar's total liabilities were at $1.50 billion at the end of 2024, a 40.9% decrease from 2023, and a 40.9% decrease since 2023.

How much cash does Waystar have?

In the past 1 years, Waystar's cash and equivalents has ranged from $35.58 million in 2023 to $182.13 million in 2024, and is currently $182.13 million as of their latest financial filing in 2024.

How has Waystar's book value per share changed over the last 2 years?

Over the last 2 years, Waystar's book value per share changed from 0.00 in 2022 to 17.90 in 2024, a change of 1,789.7%.


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This page (NASDAQ:WAY) was last updated on 5/21/2025 by MarketBeat.com Staff
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