NASDAQ$WAY
Waystar Holding Corp · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Waystar Holding Corp reported strong Q2 2025 results with revenue growth and return to profitability.
Waystar generated $270.7 million in revenue for the three months ended June 30, 2025, up 15.4% year-over-year, driven by subscription and volume-based revenue. The company achieved net income of $32.2 million and operating income of $64.8 million. Net revenue retention reached 114.6% and the company announced the pending acquisition of Iodine Software.
- Q2 revenue reached $270.7 million, a 15.4% increase from Q2 2024, with subscription revenue at $131.1 million and volume-based revenue at $138.3 million.
- Net income was $32.2 million compared to a net loss of $27.7 million in the prior-year quarter, with diluted EPS of $0.18.
- Net revenue retention rate was 114.6% for the trailing twelve months, and 1,268 clients generated over $100,000 in annual revenue.
- Company announced $1.25 billion acquisition of Iodine Software Holdings, expected to close by year-end 2025, to enhance AI capabilities.
Headline financials
Revenue & EPS history
Waystar Holding Corp · Revenue · Quarterly
$271M
Revenue by segment
Waystar Holding Corp · $269M total across 2 segments · Q2 2025
- Volume-based revenue$138M—51.3%
- Subscription revenue$131M—48.7%
Forward guidance
Company announced pending acquisition of Iodine Software for $1.25 billion to enhance AI-powered clinical intelligence capabilities.
Tailwinds
- Acquisition expected to bolster AI leadership and automate manual work for providers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports
+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 2024
Best reaction
-13.4%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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 2023 | +9.2% | +8.1% | +6.6% | |
| Q3 2024 | +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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro