Waystar Q2 Revenue Beats, Raises Full-Year Guidance Across the Board
WAY sits 30% above its 52-week low of $17.26.
Summary
Waystar delivered a clean beat-and-raise quarter. Q2 revenue of $319.7M (+18% YoY) topped the $316.16M consensus, and adjusted EPS of $0.43 beat by 3 cents. More importantly, management raised full-year guidance: revenue now seen at $1.276B-$1.294B, adjusted EBITDA at $535M-$545M, and non-GAAP net income at $322M-$340M. Subscription revenue surged 34%, signaling strong platform adoption and stickiness. This follows the $200M buyback announced in May and recent insider selling under 10b5-1 plans—the raised outlook overshadows those routine sales. With 23 of 24 analysts at buy and a median target of $32.50, the stock has room to run if execution continues.
At the time of this announcement, WAY was trading at $22.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $17.26 to $41.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.