NASDAQ$WAY

Waystar Holding Corp · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Waystar Holding reported Q3 2025 net income of $30.6M, diluted EPS of $0.17.

For Q3 2025, Waystar Holding reported net income was $30.6M, diluted EPS was $0.17. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Net income $30.6M.
  • Diluted EPS $0.17.
  • MD&A highlights operating priorities, capital, and sector risks.

Headline financials

Total Revenue

$269M

Previous: $240M+11.9%
EPS (adj)

$0.17

Previous: $0.03+466.7%
Free Cash Flow

$30.6M

Previous: $5.41M+466.2%
Net Income

$30.6M

Previous: $5.41M+466.2%
Operating Income

$60.2M

Previous: $27.1M+121.9%
Gross Profit

-$85.1M

Previous: -$80.5M-5.7%

Revenue & EPS history

Waystar Holding Corp · Revenue · Quarterly

$269M

Q3 2025+11.9%vs Q3 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

Software and information services focus on ARR, retention, and operating leverage.

Tailwinds

  • Subscription and platform adoption trends.
  • Margin expansion as scale improves.

Headwinds

  • Competition and IT budget scrutiny.
  • Stock-based compensation and R&D investment pace.

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 Q3 2025

Historical avgQ3 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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