Waystar Q2 Revenue Jumps 18%, Raises Full-Year Guidance
WAY sits 30% above its 52-week low of $17.26.
Summary
Waystar reported Q2 2026 revenue of $319.7M (+18% YoY), net income of $40.9M, and raised full-year guidance across revenue, adjusted EBITDA, and non-GAAP EPS.
Key Events · Earnings and Guidance · WAY
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Q2 Revenue Up 18%
Revenue reached $319.7 million, driven by 34% subscription revenue growth and a 108% net revenue retention rate.
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Profitability Strengthens
Net income was $40.9 million (13% margin), non-GAAP net income $83.3 million, and adjusted EBITDA $136.7 million (43% margin).
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Full-Year Guidance Raised
2026 revenue now expected $1.276B–$1.294B, adjusted EBITDA $535M–$545M, and non-GAAP diluted EPS $1.61–$1.70.
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Cash Flow Generation
Operating cash flow was $59.4 million; unlevered free cash flow reached $63.9 million, supporting the recently initiated share buyback.
Analysis · WAY · Technology
A strong second quarter saw revenue climb 18% to $319.7 million, with net income reaching $40.9 million. The adjusted EBITDA margin held firm at 43%, and management lifted the full-year outlook—now projecting up to $1.294 billion in revenue and $545 million in adjusted EBITDA. These results bolster the growth story, while the raised guidance underscores confidence in sustained demand for the healthcare payment platform.
At the time of this filing, WAY was trading at $22.44 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.