Acquisition of Iodine Software
Waystar announced the acquisition of Iodine Software for $1.25 billion, expanding its total addressable market by more than 15% and is expected to be accretive to revenue growth and non-GAAP net income per diluted share in 2027.
Strong Revenue and EBITDA Growth
Waystar reported Q2 2025 revenue of $271 million, representing 15% year-over-year growth, with an adjusted EBITDA margin of 42%.
Raised Full Year Guidance
Waystar raised its full-year guidance for both revenue and adjusted EBITDA, citing strong performance and increased demand for its AI-powered software platform.
High Net Revenue Retention
Waystar reported a net revenue retention rate of 115% and increased the number of clients generating more than $100,000 in trailing 12-month revenue by 14% year-over-year.
Innovative AI Solutions
Waystar's AI-powered platform prevented nearly $6 billion in denied claims in the first half of 2025 and launched AltitudeAI, which boosts appeal productivity by 70%.