Waystar's earnings call was predominantly positive, highlighting strong revenue growth, strategic acquisition, and AI-driven innovations. Despite potential impacts from regulatory changes and expected revenue seasonality in the second half, the company demonstrated strong client retention and was recognized for its leadership in healthcare payments solutions.

Company Guidance

During the Waystar Second Quarter 2025 Earnings Conference Call, significant guidance and metrics were shared, highlighting the company's strong performance and strategic initiatives. Waystar achieved a 15% year-over-year revenue growth, reaching $271 million, with an adjusted EBITDA margin of 42%. The company raised its full-year guidance for both revenue, now expected to be between $1.30 billion and $1.42 billion, and adjusted EBITDA, anticipated to be between $418 million and $426 million. Notable strategic moves include the acquisition of Iodine Software for $1.25 billion, expected to expand Waystar's total addressable market by more than 15% and be accretive to revenue growth and non-GAAP net income by 2027. The acquisition aligns with Waystar's mission to simplify healthcare payments and eradicate inefficiencies, potentially unlocking a new level of automation and performance. Additionally, Waystar's AI-powered platform prevented nearly $6 billion in denied claims in the first half of 2025, showcasing its impact on clients' financial performance. With a strong demand environment and a 115% net revenue retention rate, Waystar is well-positioned to capitalize on cross-sell opportunities and lead the market in healthcare payment solutions.

Acquisition of Iodine Software

Waystar announced a strategic agreement to acquire Iodine Software for $1.25 billion, expected to expand its total addressable market by more than 15% and is anticipated to be accretive to revenue growth and non-GAAP net income per diluted share by 2027.

Record Revenue Growth

Waystar reported a revenue of $271 million in Q2 2025, marking a 15% year-over-year growth with an adjusted EBITDA margin of 42%.

Strong Client Retention

Waystar achieved a net revenue retention rate of 115% and increased its client base generating over $100,000 in trailing 12-month revenue by 14% year-over-year.

AI-Powered Innovations

Waystar's AI-driven solutions, including AltitudeAI, have significantly improved appeal productivity and denial prevention, preventing nearly $6 billion in denied claims in the first half of 2025.

Recognition and Awards

Waystar was recognized as the best overall healthcare payments solution provider by MedTech Breakthrough and named one of the U.S. News Best Companies to Work for in Q2 2025.

Waystar Holding Corp. (WAY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WAY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.35 / -	0.14	―	―	―
Jul 30, 2025	2025 (Q2)	0.34 / 0.36	0.04	800.00% (+0.32)
Apr 30, 2025	2025 (Q1)	0.32 / 0.32	-0.04	900.00% (+0.36)
Feb 18, 2025	2024 (Q4)	0.14 / 0.29	-0.086	437.21% (+0.38)
Nov 06, 2024	2024 (Q3)	0.11 / 0.14	-0.093	250.54% (+0.23)
Aug 07, 2024	2024 (Q2)	-0.03 / 0.04	-0.065	161.54% (+0.11)

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
Jul 30, 2025	$35.64	$36.98	+3.76%
Apr 30, 2025	$37.17	$39.46	+6.16%
Feb 18, 2025	$45.35	$45.11	-0.53%
Nov 06, 2024	$29.44	$31.69	+7.64%

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 Nov 05, 2025, After Close (Confirmed).

What is Waystar Holding Corp. (WAY) earnings time?

Waystar Holding Corp. (WAY) earnings time is at Nov 05, 2025, 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 2025 (Q3) is 0.35.

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