Waystar Holding Corp. ( (WAY) ) has released its Q1 earnings. Here is a breakdown of the information Waystar Holding Corp. presented to its investors.
Waystar Holding Corp., a prominent provider of healthcare payment software, operates within the healthcare technology sector, offering solutions that streamline payment processes for healthcare providers.
In its first quarter of 2025, Waystar reported a robust financial performance with a 14% increase in revenue year-over-year, alongside a significant rise in net income and adjusted EBITDA margins. The company also introduced Waystar AltitudeAI, an innovative AI-driven tool aimed at enhancing client workflows and financial outcomes.
Key financial metrics from the quarter include a revenue of $256.4 million, a net income of $29.3 million, and an adjusted EBITDA of $107.7 million. The company achieved a net income margin of 11% and an impressive adjusted EBITDA margin of 42%. Waystar’s subscription and volume-based revenues grew by 18% and 11% respectively, reflecting strong client engagement and retention.
Looking ahead, Waystar has revised its revenue and adjusted EBITDA guidance upwards for the fiscal year 2025, projecting total revenue between $1.006 billion and $1.022 billion. The company remains confident in its growth trajectory, supported by its durable business model and ongoing innovation efforts.
Waystar’s management remains optimistic about the future, emphasizing their commitment to leveraging technology to enhance healthcare payment processes, thereby supporting healthcare providers in focusing more on patient care.