Waystar Reports Third Quarter 2026 Results
Waystar reported Q3 2026 revenue of $325.6M, up 21% year over year, with GAAP net income of $31.0M and non-GAAP net income of $87.1M. Subscription revenue grew 34% to $180.7M and adjusted EBITDA came in at $139.3M with a 43% margin; net revenue retention held at 108%. FY26 guidance was set at $1.277B-$1.287B revenue, $543M-$549M adjusted EBITDA, and $1.63-$1.71 diluted non-GAAP EPS.
Key figures
- Eps
- 0.16
- Revenue
- 325600000
- Guidance
- FY26 revenue $1.277B-$1.287B; adjusted EBITDA $543M-$549M; non-GAAP net income $322M-$337M; diluted non-GAAP EPS $1.63-$1.71
- Revenue Yoy
- 21%
- Net debt
- 1193706000
- Unlevered fcf
- 114800000
- Adjusted ebitda
- 139300000
- Net income margin
- 10%
- Non gaap net income
- 87100000
- Cash from operations
- 103900000
- Non gaap eps diluted
- 0.44
- Subscription revenue
- 180700000
- Volume based revenue
- 142900000
- Adjusted net leverage
- 2.2x
- Clients over 100k yoy
- 14%
- Net revenue retention
- 108%
- Adjusted ebitda margin
- 43%
- Subscription revenue yoy
- 34%
- Volume based revenue yoy
- 8%
- Clients over 100k ltm revenue
- 1488
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.