Waystar Holding Corp. (WAY) FY2025 10-K Annual Report
Waystar Holding Corp. (WAY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Waystar Holding Corp. FY2025 10-K Analysis
Business Overview
- • Core business: Cloud-based AI-powered software simplifying healthcare payment workflows for providers across the care continuum
- • New emphasis on agentic AI for autonomous revenue cycle management, integrating generative AI for automated claim appeals and corrections
Management Discussion & Analysis
- • Revenue $1,099.3M up 16.5% YoY (+$155.7M); subscription revenue best performer, up $100.4M (21.9%)
- • Operating margin 22.7% vs 13.1% YoY; net income $112.1M vs loss of $19.1M; adjusted EBITDA margin 42.0% vs 40.6%
Risk Factors
- • Cybersecurity risk oversight by Board and Audit Committee with quarterly updates and incident briefings directed by CTO and DISO
- • Cyber Risk Council composed of CTO, DISO, CFO, CLO, and cybersecurity teams directs risk management strategy and monitors program performance
Waystar Holding Corp. FY2025 Key Financial MetricsXBRL
Revenue
$1.1B
▲ +16.5% YoY
Net Income
$112M
▲ +686.1% YoY
Operating Margin
22.7%
▲ +957bp YoY
Net Margin
10.2%
▲ +1222bp YoY
ROE
2.9%
▲ +351bp YoY
Total Assets
$5.8B
▲ +26.4% YoY
EPS (Diluted)
$0.61
▲ +569.2% YoY
Operating Cash Flow
$310M
▲ +82.4% YoY
Source: XBRL data from Waystar Holding Corp. FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Waystar Holding Corp.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.