Waystar Holding Corp. (WAY)
NASDAQ:WAY
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.36Same Quarter Last Year
Strong Buy
Based on 20 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted robust top-line growth (22% YoY), strong adjusted EBITDA and margin expansion, solid cash generation, high retention, and accelerating AI adoption that is already driving bookings and early measurable ROI. Near-term headwinds center on patient payment volume dynamics driven by a faster-than-expected shift from print to digital, weather and utilization factors, plus elongated revenue ramp for larger deals and an elevated implementation backlog. Net debt improved and credit ratings were upgraded, mitigating some financial risk. Overall, the positives—especially the scale, AI traction, strong profitability and growing pipeline—outweigh the modest near-term volume/seasonality challenges.Company Guidance
Strong Revenue Growth
Revenue of $314 million in Q1 2026, up 22% year-over-year, driven by core execution and expansion across the platform.
Subscription Momentum
Subscription revenue of $172 million, up 38% year-over-year (3% sequentially), representing 55% of total revenue; organic subscription growth of 14% YoY.
Robust Profitability and Cash Generation
Adjusted EBITDA of $135 million in Q1, up 26% year-over-year, with an adjusted EBITDA margin of 43%. Unlevered free cash flow of $90 million and conversion of 67% of adjusted EBITDA to unlevered free cash flow.
High Customer Retention and Expansion
Net revenue retention of approximately 111% (slightly above historical 108–110% range). Added 42 new clients with >$100k trailing 12-month revenue; customers generating >$100k totaled 1,433 (up ~15% YoY).
AI Traction and Product Innovation
AI-powered capabilities drove ~40% of new bookings in Q1. Approximately 50% of solutions leverage AI and nearly 40% of revenue is generated by AI-embedded workflows. Introduced new AI SKUs (prebill anomaly detection, recoupment solution, Altitude) with notable early ROI signals.
Compelling Early AI Outcomes
Prebill anomaly detection estimated to deliver ~$3 million net revenue per 10,000 discharges and 5x recovered revenue over 3 years. New recoupment SKU reduces reconciliation time by >80% and an early adopter identified $32 million in matched revenue risk (work equivalent to ~13 FTEs). Altitude patient-financial capabilities expected to drive a ~50% increase in collections for targeted use cases.
Scale and Network Advantage
Processes >7.5 billion transactions annually, connects >1 million providers to major payers via 100k+ live integrations, and touches ~60% of the U.S. patient population each year — providing proprietary data rails and learning effects.
Strong Sales Momentum and Pipeline
Bookings ahead of internal expectations, a double-digit count of $1M+ ARR contracts, the largest qualified sales pipeline in company history, and elevated win rates and larger deal sizes across segments.
WAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $25.27 | ― | ― |
Feb 17, 2026 | $22.41 | $24.31 | +8.48% |
Oct 29, 2025 | $39.62 | $37.06 | -6.46% |
Jul 30, 2025 | $35.64 | $36.98 | +3.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Waystar Holding Corp. (WAY) report earnings?
Waystar Holding Corp. (WAY) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Waystar Holding Corp. (WAY) earnings time?
Waystar Holding Corp. (WAY) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WAY EPS forecast?
WAY EPS forecast for the fiscal quarter 2026 (Q2) is 0.4.