Waystar Holding Corp. Common Stock

Waystar delivered a mixed fourth quarter to close fiscal year 2025, posting revenue of $303.54 million that grew 24.4% year-over-year and edged past the $294.79 million consensus estimate by 2.97%, while earnings of $0.36 per share fell short of the $0.40 analyst expectation by 8.98%. The revenue outperformance was fueled primarily by subscription revenue growth of 38%, reflecting accelerating adoption of the company's AI-enabled revenue cycle management platform, which recently ranked first in client satisfaction in an independent industry survey. Adjusted EBITDA margin expanded to 42.5% from 41.0% a year ago, and GAAP net income reached $19.99 million for the quarter. For the full year, revenue crossed $1.10 billion, up 17%, with the company swinging to a GAAP net income of $112.09 million from a prior-year loss of $19.13 million. Looking ahead, Waystar guided fiscal 2026 revenue to $1.27 billion to $1.29 billion, with non-GAAP diluted EPS of $1.59 to $1.68, as management cited a robust pipeline and deepening demand for AI-powered healthcare payment solutions.