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WAY · Nasdaq · United States · Services-Computer Integrated Systems Design
In shortWaystar Holding Corp. is profitable, generates cash and carries moderate debt, with revenue growing (+16.5% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 22.7% | 92/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.2% | 61/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 3.2% | 16/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 3.0% | 20/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.41× | 51/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.38× | 90/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.56× | 13/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.47 | 35/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 25.8% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 2.53× | 100/100 |
| Years with positive free cash flow (last 5) | 4 of 4 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 4 | 25/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 3.6% | 98/100 |
| Operating margin volatility | 4.7% | 66/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 16.0% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 705 | 791 | 944 | 1,099 |
| Research & development | 33 | 35 | 49 | 55 |
| Operating income | 89 | 142 | 124 | 249 |
| Pre-tax income | (66) | (64) | (23) | 172 |
| Income tax | (14) | (13) | (3.4) | 60 |
| Net income | (51) | (51) | (19) | 112 |
| Diluted EPS | −$0.42 | −$0.42 | −$0.13 | $0.61 |
| Diluted shares (millions) | 122 | 122 | 150 | 185 |
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Waystar Holding Corp. are included in the Investor plan. Try free for 7 days →
2.47 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 29, 2026