Waystar Holding Corp. (WAY) Form 8-K — Nov 2, 2026
Waystar reported Q3 2026 revenue of $325.6 million, up 21% year over year, with GAAP net income of $31.0 million ($0.16 diluted EPS) and non-GAAP net income of $87.1 million ($0.44 per share). Adjusted EBITDA reached $139.3 million at a 43% margin, with subscription revenue growing 34% YoY to $180.7 million and net revenue retention holding at 108%. The company issued full-year 2026 guidance of $1.277-$1.287 billion in revenue and $543-$549 million in adjusted EBITDA, alongside $114.8 million in unlevered free cash flow for the quarter.
Key figures
- Eps
- 0.16
- Revenue
- 325600000
- Guidance
- FY2026 revenue $1.277B-$1.287B; adjusted EBITDA $543M-$549M; non-GAAP net income $322M-$337M; diluted non-GAAP EPS $1.63-$1.71
- Net Income
- 31000000
- Revenue Yoy
- 21%
- Total Assets
- 5922840000
- Cash Position
- 30820000
- Net debt
- 1193706000
- Adjusted ebitda
- 139300000
- Patient revenue
- 82200000
- Provider revenue
- 243400000
- Non gaap net income
- 87100000
- Non gaap eps diluted
- 0.44
- Subscription revenue
- 180700000
- Volume based revenue
- 142900000
- Net revenue retention
- 108%
- Adjusted ebitda margin
- 43%
- Subscription revenue yoy
- 34%
- Unlevered free cash flow
- 114800000
- Cash flow from operations
- 103900000
- Adjusted net leverage ratio
- 2.2x
- Adjusted gross leverage ratio
- 2.7x
- Clients over 100k ltm revenue
- 1488
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