Waystar (WAY) Financials: Revenue & Earnings
WAY$28.72+0.70 +2.50%
$5.51B
Market Cap
—
P/E
—
Forward P/E
65
Score
Waystar (WAY) Financials: Revenue & Earnings
WAY price $28.72 +0.70 +2.50%
- Ticker
- WAY
- Price
- $28.72
- Change
- +0.70 +2.50%
- Market cap ?
- $5.51B
- Beta ?
- 0.07
- Sector
- Healthcare
- Industry
- Medical - Healthcare Information Services
- Stocklytics score
- 65
- Value
- 58
- Quality
- 67
- Growth
- 69
Stocklytics score rationale: value 58, quality 67, growth 69.
Fair value
WAY fair value $61.00. Price $28.72. Price is 53% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 65% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 246.26M. Growth 13.79%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 191.75M. Net debt 1.43B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 0.41 | — | 323.43M |
| 2026-07-29 | 0.43 | 0.40 | 319.67M | 316.21M |
| 2026-04-29 | 0.42 | 0.39 | 313.87M | 311.73M |
| 2026-02-17 | 0.36 | 0.39 | 303.54M | 294.79M |
| 2025-10-29 | 0.37 | 0.34 | 268.65M | 294.72M |
| 2025-07-30 | 0.36 | 0.33 | 270.65M | 256.12M |
| 2025-04-30 | 0.32 | 0.32 | 256.44M | 253.99M |
| 2025-02-18 | 0.29 | 0.15 | 244.10M | 248.47M |
| 2024-11-06 | 0.14 | 0.11 | 240.11M | 232.29M |
| 2024-08-07 | 0.04 | 0.01 | 234.54M | 223.61M |
| 2024-06-12 | -0.04 | -0.03 | 224.79M | 216.25M |
| 2024-03-22 | -0.09 | — | 206.69M | — |
| 2023-09-29 | -0.09 | — | 197.26M | — |
| 2023-06-30 | -0.06 | — | 195.97M | — |
| 2023-03-31 | -0.06 | — | 191.08M | — |
| 2022-12-30 | -0.05 | — | 182.10M | — |
| 2022-09-29 | -0.06 | — | 177.97M | — |
| 2022-06-29 | -0.07 | — | 173.38M | — |
| 2022-03-30 | -0.09 | — | 171.42M | — |
| 2021-12-30 | -0.09 | — | 163.16M | — |
| 2021-09-29 | -0.07 | — | 147.40M | — |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-23 | Wegner Alpana | Sell | 3.41K | $28.76 | 98.04K |
| 2026-10-06 | Hawkins Matthew J. | Buy | 82.50K | $4.14 | 341.55K |
| 2026-10-06 | Hawkins Matthew J. | Sell | 82.50K | $26.23 | 2.16M |
| 2026-10-06 | Hawkins Matthew J. | Sell | 82.50K | $4.14 | 341.55K |
| 2026-10-05 | Chan William | Sell | 9.56K | $26.07 | 249.23K |
| 2026-09-02 | Hawkins Matthew J. | Buy | 82.50K | $4.14 | 341.55K |
| 2026-09-02 | Hawkins Matthew J. | Sell | 82.50K | $25.97 | 2.14M |
| 2026-09-02 | Hawkins Matthew J. | Sell | 82.50K | $4.14 | 341.55K |
| 2026-09-01 | PACKER GREGORY R | Sell | 6.75K | $25.73 | 173.78K |
| 2026-09-01 | Bridge T. Craig | Sell | 30.79K | $25.73 | 792.28K |
| 2026-09-01 | Hawkins Matthew J. | Sell | 30.29K | $25.73 | 779.28K |
| 2026-08-17 | Khanna Amit | Buy | 390.62K | — | — |
| 2026-08-17 | Khanna Amit | Other | 0 | — | — |
| 2026-08-13 | Hawkins Matthew J. | Buy | 60.04K | $4.14 | 248.56K |
| 2026-08-13 | Hawkins Matthew J. | Sell | 60.04K | $25.01 | 1.50M |
| 2026-08-13 | Hawkins Matthew J. | Sell | 60.04K | $4.14 | 248.56K |
| 2026-08-11 | Hawkins Matthew J. | Buy | 22.46K | $4.14 | 92.99K |
| 2026-08-11 | Hawkins Matthew J. | Sell | 22.46K | $25.04 | 562.35K |
| 2026-08-11 | Hawkins Matthew J. | Sell | 22.46K | $4.14 | 92.99K |
| 2026-08-01 | Woods Todd Charles | Buy | 90.83K | — | — |
| 2026-08-01 | PACKER GREGORY R | Buy | 232.06K | — | — |
| 2026-08-01 | Hawkins Matthew J. | Buy | 908.26K | — | — |
| 2026-08-01 | Bridge T. Craig | Buy | 205.47K | — | — |
| 2026-07-24 | Wegner Alpana | Buy | 162.11K | — | — |
| 2026-07-24 | Woods Todd Charles | Other | 0 | — | — |
| 2026-07-24 | Woods Todd Charles | Other | 54.45K | $16.53 | 900.06K |
| 2026-07-24 | Wegner Alpana | Other | 0 | — | — |
| 2026-07-16 | Hawkins Matthew J. | Sell | 36.90K | $4.14 | 152.77K |
| 2026-07-16 | Hawkins Matthew J. | Buy | 36.90K | $4.14 | 152.77K |
| 2026-07-16 | Hawkins Matthew J. | Sell | 36.90K | $23.09 | 851.94K |
| 2026-07-15 | Hawkins Matthew J. | Sell | 33.10K | $4.14 | 137.03K |
| 2026-07-15 | Hawkins Matthew J. | Buy | 33.10K | $4.14 | 137.03K |
| 2026-07-15 | Hawkins Matthew J. | Sell | 33.10K | $23.02 | 762.03K |
| 2026-06-09 | Hawkins Matthew J. | Sell | 47.75K | $19.23 | 918.31K |
| 2026-06-09 | Wittman Kimberly S. | Sell | 2.73K | $19.23 | 52.52K |
| 2026-06-09 | Bridge T. Craig | Sell | 12.21K | $19.23 | 234.84K |
| 2026-06-09 | Oreskovich Steven M | Sell | 12.58K | $19.23 | 241.97K |
| 2026-06-09 | Miller Melissa F. (Missy) | Sell | 2.89K | $19.23 | 55.52K |
| 2026-06-09 | Schremser Christopher L. | Sell | 14.75K | $19.23 | 283.66K |
| 2026-06-03 | DRISCOLL JOHN PATRICK | Buy | 10.45K | — | — |
| 2026-06-03 | Gupta Aashima | Buy | 10.45K | — | — |
| 2026-06-03 | DeMichiei Robert | Buy | 10.45K | — | — |
| 2026-06-03 | Riefberg Vivian E. | Buy | 10.45K | — | — |
| 2026-06-03 | MILLER HEIDI | Buy | 10.45K | — | — |
| 2026-06-03 | Roman Michael F | Buy | 10.45K | — | — |
| 2026-06-03 | Hung Priscilla | Buy | 10.45K | — | — |
| 2026-06-03 | DeMichiei Robert | Buy | 9.30K | — | — |
| 2026-06-03 | Gupta Aashima | Buy | 9.30K | — | — |
| 2026-06-03 | Roman Michael F | Buy | 9.30K | — | — |
| 2026-06-03 | Riefberg Vivian E. | Buy | 9.30K | — | — |
| 2026-06-03 | MILLER HEIDI | Buy | 9.30K | — | — |
| 2026-06-03 | Hung Priscilla | Buy | 9.30K | — | — |
| 2026-06-03 | DRISCOLL JOHN PATRICK | Buy | 9.30K | — | — |
| 2026-04-06 | PACKER GREGORY R | Sell | 4.02K | $23.69 | 95.14K |
| 2026-03-09 | Miller Melissa F. (Missy) | Buy | 61.70K | — | — |
| 2026-03-09 | Wittman Kimberly S. | Buy | 61.70K | — | — |
| 2026-03-09 | PACKER GREGORY R | Buy | 65.82K | — | — |
| 2026-03-09 | Chan William | Buy | 82.27K | — | — |
| 2026-03-09 | Bridge T. Craig | Buy | 87.41K | — | — |
| 2026-03-09 | Schremser Christopher L. | Buy | 87.41K | — | — |
| 2026-03-09 | Oreskovich Steven M | Buy | 82.27K | — | — |
| 2026-03-09 | Hawkins Matthew J. | Buy | 257.10K | — | — |
| 2026-03-02 | MILLER HEIDI | Buy | 7.20K | $26.25 | 188.99K |
| 2026-01-20 | Sinclair III Eric L. (Ric) | Buy | 32.66K | $4.14 | 135.22K |
| 2026-01-20 | Sinclair III Eric L. (Ric) | Buy | 7.56K | $18.19 | 137.55K |
| 2026-01-20 | Sinclair III Eric L. (Ric) | Sell | 40.23K | $30.08 | 1.21M |
| 2026-01-20 | Sinclair III Eric L. (Ric) | Sell | 7.56K | $18.19 | 137.55K |
| 2026-01-20 | Sinclair III Eric L. (Ric) | Sell | 32.66K | $4.14 | 135.22K |
| 2025-12-22 | Sinclair III Eric L. (Ric) | Buy | 9.70K | $4.14 | 40.16K |
| 2025-12-22 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $32.82 | 318.40K |
| 2025-12-22 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $4.14 | 40.16K |
| 2025-12-10 | Schremser Christopher L. | Buy | 8.62K | $4.14 | 35.70K |
| 2025-12-10 | Schremser Christopher L. | Sell | 8.62K | $30.41 | 262.23K |
| 2025-12-10 | Schremser Christopher L. | Sell | 8.62K | $4.14 | 35.70K |
| 2025-11-25 | Miller Melissa F. (Missy) | Buy | 3.40K | $18.19 | 61.85K |
| 2025-11-25 | Miller Melissa F. (Missy) | Sell | 3.40K | $37.00 | 125.80K |
| 2025-11-25 | Miller Melissa F. (Missy) | Sell | 3.40K | $18.19 | 61.85K |
| 2025-11-20 | Sinclair III Eric L. (Ric) | Buy | 9.70K | $4.14 | 40.16K |
| 2025-11-20 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $35.27 | 342.18K |
| 2025-11-20 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $4.14 | 40.16K |
| 2025-11-10 | Schremser Christopher L. | Buy | 8.62K | $4.14 | 35.70K |
| 2025-11-10 | Schremser Christopher L. | Sell | 8.62K | $36.12 | 311.43K |
| 2025-11-10 | Schremser Christopher L. | Sell | 8.62K | $4.14 | 35.70K |
| 2025-10-20 | Sinclair III Eric L. (Ric) | Buy | 9.70K | $4.14 | 40.16K |
| 2025-10-20 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $36.94 | 358.33K |
| 2025-10-20 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $4.14 | 40.16K |
| 2025-10-10 | Schremser Christopher L. | Buy | 8.62K | $4.14 | 35.70K |
| 2025-10-10 | Schremser Christopher L. | Sell | 8.62K | $36.21 | 312.21K |
| 2025-10-10 | Schremser Christopher L. | Sell | 8.62K | $4.14 | 35.70K |
| 2025-10-01 | Chan William | Other | 0 | — | — |
| 2025-10-01 | Young Lauren | Other | 0 | — | — |
| 2025-09-23 | Hawkins Matthew J. | Sell | 12.80K | $4.14 | 52.99K |
| 2025-09-23 | Hawkins Matthew J. | Buy | 12.80K | $4.14 | 52.99K |
| 2025-09-23 | Hawkins Matthew J. | Sell | 12.80K | $38.08 | 487.41K |
| 2025-09-22 | Hawkins Matthew J. | Sell | 12.20K | $4.14 | 50.51K |
| 2025-09-22 | Hawkins Matthew J. | Buy | 12.20K | $4.14 | 50.51K |
| 2025-09-22 | Hawkins Matthew J. | Sell | 12.20K | $38.08 | 464.57K |
| 2025-09-22 | Sinclair III Eric L. (Ric) | Buy | 9.70K | $4.14 | 40.16K |
| 2025-09-22 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $37.63 | 365.09K |
| 2025-09-22 | Sinclair III Eric L. (Ric) | Sell | 9.70K | $4.14 | 40.16K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 319, holders -4 vs prior quarter. Ownership 111.11%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| EQT FUND MANAGEMENT S.A R.L. | 24.88M | 0 | 0.00% | 510.77M |
| CANADA PENSION PLAN INVESTMENT BOARD | 19.03M | 0 | 0.00% | 390.59M |
| BLACKROCK, INC. | 17.44M | 769.73K | +4.62% | 357.95M |
| FMR LLC | 15.05M | 83.15K | +0.56% | 308.89M |
| BAIN CAPITAL INVESTORS LLC | 13.24M | 0 | 0.00% | 271.89M |
| ADVENT INTERNATIONAL, L.P. | 11.06M | 0 | 0.00% | 227.06M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6.63M | 219.49K | +3.43% | 136.04M |
| GOLDENTREE ASSET MANAGEMENT LP | 6.16M | 1.72M | +38.63% | 126.28M |
| VANGUARD CAPITAL MANAGEMENT LLC | 5.20M | 55.24K | +1.07% | 106.77M |
| BANK OF MONTREAL /CAN/ | 5.19M | 1.74M | +50.25% | 106.54M |
| STATE STREET CORP | 4.57M | 282.99K | +6.60% | 93.87M |
| ARTISAN PARTNERS LIMITED PARTNERSHIP | 3.68M | -729.15K | -16.54% | 75.54M |
| MILLENNIUM MANAGEMENT LLC | 3.65M | 1.54M | +72.92% | 74.98M |
| NEUBERGER BERMAN GROUP LLC | 3.63M | -1.04M | -22.20% | 74.61M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.09M | 196.55K | +6.80% | 63.42M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 2.94M | 1.22M | +71.04% | 60.32M |
| UBS GROUP AG | 2.88M | 731.45K | +33.97% | 59.22M |
| JUPITER TOPCO LLC | 2.87M | 2.87M | New | 58.96M |
| DIMENSIONAL FUND ADVISORS LP | 2.66M | 614.46K | +30.03% | 54.62M |
| BANK OF AMERICA CORP /DE/ | 2.58M | 517.86K | +25.07% | 53.03M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2.28M | 692.70K | +43.77% | 46.71M |
| DIAMOND HILL CAPITAL MANAGEMENT, LLC (INVESTMENT ADVISOR) | 2.11M | 506.28K | +31.57% | 43.31M |
| MORGAN STANLEY | 1.99M | 1.03M | +107.10% | 40.78M |
| BAMCO INC /NY/ | 1.79M | -537.97K | -23.13% | 36.70M |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 1.63M | 401.99K | +32.72% | 33.47M |
Earnings and financials
Waystar Holding Corp. (WAY) trades at $28.72, with a market cap of $5.51B and a trailing P/E of n/a. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
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