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Waystar (WAY) Financials

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$36.45 -0.26 (-0.71%)
Closing price 04/17/2025 04:00 PM Eastern
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$36.48 +0.03 (+0.10%)
As of 04/17/2025 04:20 PM Eastern
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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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 -51 -51 -19
Consolidated Net Income / (Loss)		 -51 -51 -19
Net Income / (Loss) Continuing Operations		 -51 -51 -19
Total Pre-Tax Income 		-66 -64 -23
Total Operating Income		 89 142 124
Total Gross Profit		 490 791 944
Total Revenue		 705 791 944
Operating Revenue		 705 791 944
Total Cost of Revenue		 215 0.00 0.00
Total Operating Expenses		 401 649 820
Selling, General & Admin Expense		 73 63 112
Marketing Expense		 111 124 157
Research & Development Expense		 33 35 49
Depreciation Expense		 183 176 187
Amortization Expense		 - 250 316
Total Other Income / (Expense), net		 -155 -206 -146
Interest Expense		 155 206 146
Income Tax Expense		 -14 -13 -3.42
Basic Earnings per Share		 ($0.42) ($0.42) ($0.13)
Weighted Average Basic Shares Outstanding		 121.68M 121.68M 149.92M
Diluted Earnings per Share		 ($0.42) ($0.42) ($0.13)
Weighted Average Diluted Shares Outstanding		 121.68M 121.68M 149.92M
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 Q2 2023 Q3 2023 Q2 2024 Q3 2024
Net Income / (Loss) Attributable to Common Shareholders		 -11 -15 -28 5.41
Consolidated Net Income / (Loss)		 -11 -15 -28 5.41
Net Income / (Loss) Continuing Operations		 -11 -15 -28 5.41
Total Pre-Tax Income 		-14 -20 -42 8.69
Total Operating Income		 37 32 8.25 27
Total Gross Profit		 196 197 154 160
Total Revenue		 196 197 235 240
Operating Revenue		 196 197 235 240
Total Cost of Revenue		 0.00 0.00 80 81
Operating Cost of Revenue		 - - 80 81
Total Operating Expenses		 159 165 146 132
Selling, General & Admin Expense		 14 17 40 23
Marketing Expense		 31 32 46 38
Research & Development Expense		 8.25 8.97 16 11
Depreciation Expense		 44 44 44 60
Total Other Income / (Expense), net		 -51 -52 -51 -18
Interest Expense		 51 52 51 18
Income Tax Expense		 -3.15 -4.71 -15 3.27
Basic Earnings per Share		 ($0.09) ($0.13) ($0.21) $0.03
Weighted Average Basic Shares Outstanding		 121.68M 121.67M 133.53M 171.58M
Diluted Earnings per Share		 ($0.09) ($0.13) ($0.21) $0.03
Weighted Average Diluted Shares Outstanding		 121.68M 121.67M 133.53M 176.18M
Weighted Average Basic & Diluted Shares Outstanding		 - - 166.66M 172.09M

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

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

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

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 Q2 2024 Q3 2024
Total Assets		 4,567 4,541
Total Current Assets		 271 305
Cash & Equivalents		 68 127
Restricted Cash		 12 17
Accounts Receivable		 148 138
Prepaid Expenses		 15 14
Current Deferred & Refundable Income Taxes		 11 4.58
Other Current Assets		 16 4.32
Plant, Property, & Equipment, net		 0.00 48
Total Noncurrent Assets		 4,296 4,187
Goodwill		 3,030 3,020
Intangible Assets		 1,109 1,070
Other Noncurrent Operating Assets		 157 98
Total Liabilities & Shareholders' Equity		 4,567 4,541
Total Liabilities		 1,621 1,488
Total Current Liabilities		 126 133
Short-Term Debt		 13 13
Accounts Payable		 51 48
Accrued Expenses		 11 12
Current Deferred Revenue		 10 10
Current Employee Benefit Liabilities		 23 27
Other Current Liabilities		 18 23
Total Noncurrent Liabilities		 1,495 1,355
Long-Term Debt		 1,334 1,222
Noncurrent Deferred & Payable Income Tax Liabilities		 131 101
Other Noncurrent Operating Liabilities		 24 32
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 2,946 3,053
Total Preferred & Common Equity		 2,946 3,053
Preferred Stock		 0.00 0.00
Total Common Equity		 2,946 3,053
Common Stock		 3,180 3,293
Retained Earnings		 -245 -240
Accumulated Other Comprehensive Income / (Loss)		 11 0.19

Annual Metrics and Ratios for Waystar

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

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

Quarterly Metrics and Ratios for Waystar

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

Metric Q2 2023 Q3 2023 Q2 2024 Q3 2024
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 19.68% 21.72%
EBITDA Growth		 0.00% 0.00% -62.97% 11.97%
EBIT Growth		 0.00% 0.00% -77.83% -15.73%
NOPAT Growth		 0.00% 0.00% -77.83% -24.99%
Net Income Growth		 0.00% 0.00% -156.11% 134.95%
EPS Growth		 0.00% 0.00% -133.33% 123.08%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 854.46%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.66% 0.00% 2.37%
EBITDA Q/Q Growth		 0.00% -44.60% 0.00% 67.53%
EBIT Q/Q Growth		 0.00% -13.37% 0.00% 229.24%
NOPAT Q/Q Growth		 0.00% -13.37% 0.00% 193.08%
Net Income Q/Q Growth		 0.00% -43.26% 0.00% 119.55%
EPS Q/Q Growth		 0.00% -44.44% 0.00% 114.29%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 1.92%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -1.65%
Profitability Metrics		 - - - -
Gross Margin		 100.00% 100.00% 65.70% 66.46%
EBITDA Margin		 72.37% 39.83% 22.39% 36.64%
Operating Margin		 18.98% 16.33% 3.52% 11.31%
EBIT Margin		 18.98% 16.33% 3.52% 11.31%
Profit (Net Income) Margin		 -5.52% -7.85% -11.80% 2.25%
Tax Burden Percent		 77.45% 76.68% 65.46% 62.31%
Interest Burden Percent		 -37.53% -62.69% -512.99% 32.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 37.69%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 26 23 5.77 17
NOPAT Margin		 13.28% 11.43% 2.46% 7.04%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 5.28% 2.11%
Cost of Revenue to Revenue		 0.00% 0.00% 34.30% 33.54%
SG&A Expenses to Revenue		 7.39% 8.80% 17.04% 9.46%
R&D to Revenue		 4.21% 4.55% 6.78% 4.62%
Operating Expenses to Revenue		 81.02% 83.67% 62.18% 55.15%
Earnings before Interest and Taxes (EBIT)		 37 32 8.25 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 142 79 53 88
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.33 1.52
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.53 1.39
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.46 0.40
Long-Term Debt to Equity		 0.00 0.00 0.45 0.40
Financial Leverage		 0.00 0.00 0.43 0.36
Leverage Ratio		 0.00 0.00 1.55 1.49
Compound Leverage Factor		 0.00 0.00 -7.95 0.48
Debt to Total Capital		 0.00% 0.00% 31.38% 28.80%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.30% 0.30%
Long-Term Debt to Total Capital		 0.00% 0.00% 31.08% 28.50%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 68.62% 71.20%
Debt to EBITDA		 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 0.00 2.15 2.29
Quick Ratio		 0.00 0.00 1.72 1.99
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -4,207 -4,126
Operating Cash Flow to CapEx		 0.00% -167.31% 0.00% 914.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -83.24 -223.53
Operating Cash Flow to Interest Expense		 0.00 -0.20 0.00 4.27
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -0.32 0.00 3.80
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 0.00 4,213 4,143
Invested Capital Turnover		 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 4,213 4,143
Enterprise Value (EV)		 0.00 0.00 2,234 5,738
Market Capitalization		 968 968 968 4,648
Book Value per Share		 $0.00 $0.00 $22.06 $18.32
Tangible Book Value per Share		 $0.00 $0.00 ($8.93) ($6.22)
Total Capital		 0.00 0.00 4,293 4,287
Total Debt		 0.00 0.00 1,347 1,235
Total Long-Term Debt		 0.00 0.00 1,334 1,222
Net Debt		 0.00 0.00 1,267 1,090
Capital Expenditures (CapEx)		 0.00 6.24 0.00 8.62
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 77 41
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 158 185
Net Working Capital (NWC)		 0.00 0.00 145 172
Net Nonoperating Expense (NNE)		 37 38 33 12
Net Nonoperating Obligations (NNO)		 0.00 0.00 1,267 1,090
Total Depreciation and Amortization (D&A)		 105 46 44 61
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.21) $0.03
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 133.53M 171.58M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.21) $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 133.53M 176.18M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 166.66M 172.09M
Normalized Net Operating Profit after Tax (NOPAT)		 26 23 5.77 17
Normalized NOPAT Margin		 13.28% 11.43% 2.46% 7.04%
Pre Tax Income Margin		 -7.12% -10.24% -18.03% 3.62%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.73 0.61 0.16 1.47
NOPAT to Interest Expense		 0.51 0.43 0.11 0.92
EBIT Less CapEx to Interest Expense		 0.00 0.50 0.00 1.00
NOPAT Less CapEx to Interest Expense		 0.00 0.31 0.00 0.45
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Waystar's Financials

When does Waystar's fiscal year end?

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

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 4/18/2025 by MarketBeat.com Staff
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