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WAY Stock Chart & Stats
$24.21
$0.93(4.31%)
At close: 4:00 PM EDT
$24.21
$0.93(4.31%)
Day’s Range― - ―
52-Week Range$17.26 - $40.35
Previous CloseN/A
Volume2.17M
Average Volume (3M)2.11M
Market Cap
$5.37B
Enterprise Value$5.25B
Total Cash (Recent Filing)$191.60M
Total Debt (Recent Filing)$1.48B
Price to Earnings (P/E)40.0
Beta1.09
Next Earnings
Nov 02, 2026EPS Estimate
0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.72
Shares Outstanding191,748,410
10 Day Avg. Volume2,357,942
30 Day Avg. Volume2,114,157
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)1.50
Price to Sales (P/S)5.30
P/FCF Ratio20.58
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue4.35
Enterprise Value/Gross Profit6.30
Enterprise Value/Ebitda12.14
Forecast
1Y Price Target
$33.81Price Target Upside39.66% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering18
EPS Forecast (FY)1.67
Revenue Forecast (FY)$1.29B
Bulls Say, Bears Say
Bulls Say
Subscription Revenue MomentumSubscription revenue is a larger, faster-growing recurring stream, reaching 55% of Q2 revenue and growing 34% year over year. This mix can improve revenue visibility and deepen customer reliance on Waystar’s platform, supporting durable expansion over the next several quarters.
Profitability And Cash GenerationTTM gross margin of about 65%, EBIT margin of about 23%, and net margin of about 11% show a shift from prior losses toward profitable operations. Robust operating and free cash flow provide internal funding for product investment and strengthen financial resilience.
Customer Expansion And RetentionClients generating more than $100,000 of TTM revenue rose 15% year over year to 1,453, while net revenue retention was 108%. These metrics indicate a growing installed base and expansion within existing accounts, supporting recurring growth beyond new-customer wins.
Bears Say
Moderating Revenue GrowthRevenue growth slowed to near-flat in 2025 and only mid-single-digit in TTM, while Q2 volume-based revenue rose 3% year over year. Even with normalized growth near 8%, weaker core momentum could limit operating leverage and make guidance delivery more dependent on subscriptions.
Material Debt BurdenGross debt of $1.5 billion and net leverage of 2.5x leave meaningful financial obligations despite sequential improvement. Debt service and refinancing needs could constrain flexibility if operating performance weakens or AI and software investment require additional cash.
Lengthy Implementation TimelinesLarge platform deals typically require 6–18 months to implement, delaying conversion of bookings into recognized revenue and customer value. Longer deployment cycles can make growth timing less predictable and increase execution demands as Waystar pursues larger multi-solution contracts.
Waystar Holding Corp. News
WAY FAQ
What was Waystar Holding Corp.’s price range in the past 12 months?
Waystar Holding Corp. lowest stock price was $17.26 and its highest was $40.35 in the past 12 months.
What is Waystar Holding Corp.’s market cap?
Waystar Holding Corp.’s market cap is $5.37B.
When is Waystar Holding Corp.’s upcoming earnings report date?
Waystar Holding Corp.’s upcoming earnings report date is Nov 02, 2026 which is in 12 days.
How were Waystar Holding Corp.’s earnings last quarter?
Waystar Holding Corp. released its earnings results on Jul 29, 2026. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.398 by $0.032.
Is Waystar Holding Corp. overvalued?
According to Wall Street analysts Waystar Holding Corp.’s price is currently Undervalued.
Does Waystar Holding Corp. pay dividends?
Waystar Holding Corp. does not currently pay dividends.
What is Waystar Holding Corp.’s EPS estimate?
Waystar Holding Corp.’s EPS estimate is 0.41.
How many shares outstanding does Waystar Holding Corp. have?
Waystar Holding Corp. has 191,748,410 shares outstanding.
What happened to Waystar Holding Corp.’s price movement after its last earnings report?
Waystar Holding Corp. reported an EPS of $0.43 in its last earnings report, beating expectations of $0.398. Following the earnings report the stock price went down -14.6%.
Which hedge fund is a major shareholder of Waystar Holding Corp.?
Currently, no hedge funds are holding shares in WAY
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Waystar Holding Corp. Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$33.81 (39.66% Upside)
$33.81 (39.66% Upside)
Blogger Sentiment
Bullish
WAY Sentiment 67%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 4.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 3.1%
Last 30 Days ▼ 3.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-22.05%
12-Months-Change
Fundamentals
Return on Equity
3.59%
Trailing 12-Months
Asset Growth
25.46%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Waystar Holding Corp.
Waystar Holding Corp. is dedicated to developing a cloud-based software platform designed to streamline financial transactions within the healthcare industry. Their comprehensive system offers a suite of functionalities, including pre-approving finances, supporting patients with billing, overseeing claims and payments, actively preventing and recovering denied claims, enhancing revenue capture, and providing insightful analytics and reporting. The company's main clientele operates within the healthcare sector. Established in 2017, Waystar Holding Corp. is headquartered in Lehi, Utah.
WAY Company Deck
WAY Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call portrayed a largely positive operational and financial picture: strong top-line growth (18% YoY revenue), robust adjusted EBITDA and margin expansion, healthy subscription momentum, large ACV bookings, early traction from the Iodine integration, and raised guidance. Challenges noted are mainly execution and investment related—longer implementation timelines for large deals, elevated capitalized software and AI compute investment, modest near-term pressure on volume-based revenue due to tough comps, and a sizable debt balance. Management communicated confidence in demand, execution, and disciplined reinvestment while preserving healthy margins and cash flow.View all WAY earnings summariesWAY Stock 12 Month Forecast
Average Price Target
$33.81
▲(39.66% Upside)
Technical Analysis
Ownership Overview
3.95% Insiders
30.30% Mutual Funds
0.85% Other Institutional Investors
47.72% Public Companies and
Individual Investors