NASDAQ$WAY

Waystar Holding Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Waystar Holding reported Q1 2025 revenue of $256.4M, net income of $29.3M, diluted EPS of $0.16.

For Q1 2025, Waystar Holding reported Revenue was $256.4M, net income was $29.3M, diluted EPS was $0.16. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $256.4M for Q1 2025.
  • Net income $29.3M.
  • Diluted EPS $0.16.

Headline financials

Total Revenue

$256M

Previous: $225M+14.1%
EPS (adj)

$0.16

Previous: -$0.10+267.4%
Net Revenue Retention Rate

114.0%

No prior period
Clients with >$100K LTM Revenue

1.2K

Previous: 1.1K+15.1%
Free Cash Flow

$29.3M

Previous: $5.17M+466.1%
Net Income

$29.3M

Previous: -$15.9M+283.7%
Operating Income

$65.2M

Previous: $35.5M+83.7%
Gross Profit

-$83.3M

Previous: $105M-179.1%
Cash & Equivalents

$224M

Previous: $70.8M+216.3%
Total Assets

$4.62B

Previous: $4.58B+0.9%

Revenue & EPS history

Waystar Holding Corp · Revenue · Quarterly

$256M

Q1 2025+14.1%vs Q1 2024
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Revenue by segment

Waystar Holding Corp · $223M total across 2 segments · Q1 2024

  • Volume-Based Revenue
    $117M
  • Subscription Revenue
    $106M

Forward guidance

Management emphasizes AI, product roadmaps, and capital return rather than numeric EPS guides in the 10-Q.

Tailwinds

  • Strong cash generation supports buybacks and R&D.
  • Core platforms show user or design-win momentum.

Headwinds

  • Regulatory and competitive pressure on margins.
  • Heavy capex or investment spend may weigh on near-term FCF.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 9 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+3.4%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+4.1%

Avg return

30 days after

67%

6 / 9 earnings

Positive

+9.2%

Q3 2023

Best reaction

-13.4%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.4%-18.4%-21.3%
Q4 2025+8.6%+11.9%+10.6%
Q3 2025-6.5%-5.4%-6.8%
Q1 2025+6.2%+8.7%+7.6%
Q4 2024-0.5%-6.9%-15.9%
Q3 2024+9.2%+8.1%+6.6%
Q3 2023+9.2%+8.1%+6.6%
Q2 2023+8.9%+11.6%+24.9%
Q2 2024+8.9%+11.6%+24.9%
Q1 2024
Q4 2023
Q1 2023
Q4 2022
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021

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