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Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Waystar provides cloud revenue cycle management and patient payment solutions for healthcare providers and payers, automating claims, billing and reconciliation. Growth may be supported by digitalization of payments, rising demand for cloud RCM, and expansion of analytics and payment services, providing recurring revenue and scale that may appeal to investors.
Major risks include strong competition, execution and implementation challenges, regulatory or reimbursement changes, data-security exposure, and customer concentration.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 171.76M | -22.55M | -63.83M | -65.88M | -66.70M |
| Net income | 112.09M | -19.12M | -51.33M | -51.45M | -47.12M |
| Selling general administrative | 128.62M | 111.75M | 62.92M | 73.09M | 65.55M |
| Selling and marketing expenses | 178.02M | 156.94M | 124.44M | 111.47M | 96.55M |
| Gross profit | 751.12M | 627.82M | 541.24M | 489.98M | 426.80M |
| Reconciled depreciation | 140.55M | 186.63M | 176.50M | 183.20M | 176.06M |
| Ebit | 249.31M | 123.72M | 142.08M | 89.45M | 60.31M |
| Ebitda | 389.85M | 310.36M | 318.55M | 272.62M | 236.37M |
| Depreciation and amortization | 140.55M | 186.63M | 176.47M | 183.17M | 176.06M |
| Operating income | 249.31M | 123.72M | 142.08M | 89.45M | 60.31M |
| Other operating expenses | 849.97M | 819.82M | 648.93M | 615.42M | 518.25M |
| Interest expense | 77.54M | 146.27M | 205.92M | 155.32M | 127.01M |
| Tax provision | 59.67M | -3.42M | -12.50M | -14.42M | -19.58M |
| Net interest income | -77.54M | -146.27M | -205.92M | -155.32M | -127.01M |
| Income tax expense | 59.67M | -3.42M | -12.50M | -14.42M | -19.58M |
| Total revenue | 1099.28M | 943.55M | 791.01M | 704.87M | 578.57M |
| Total operating expenses | 501.81M | 504.09M | 399.16M | 400.53M | 366.48M |
| Cost of revenue | 348.16M | 315.73M | 249.77M | 214.89M | 151.77M |
| Total other income expense net | -77.54M | -146.27M | -205.92M | -155.32M | -127.01M |
| Net income from continuing ops | 112.09M | -19.12M | -51.33M | -51.45M | -47.12M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 5785.10M | 4577.00M | 4582.97M | 4694.39M | 4776.69M |
| Intangible assets | 1292.84M | 1039.05M | 1186.94M | 1326.54M | 1494.03M |
| Other current assets | 38.71M | 40.84M | 53.57M | 41.91M | 16.63M |
| Total liab | 1906.27M | 1497.22M | 2533.04M | 2588.16M | 2655.53M |
| Total stockholder equity | 3878.83M | 3079.79M | 2049.93M | 2106.23M | 2121.16M |
| Other current liab | 79.04M | 61.55M | 40.36M | 39.12M | 41.77M |
| Common stock | 1.92M | 1.72M | 1.22M | 1.22M | 2.01M |
| Capital stock | 1.92M | 1.72M | 1.22M | 1.22M | 2.01M |
| Retained earnings | -108.81M | -220.90M | -201.78M | -150.44M | -98.99M |
| Good will | 4016.82M | 3020.00M | 3030.01M | 3009.56M | 3009.77M |
| Other assets | - | - | -0.00M | - | 0.00M |
| Cash | 61.35M | 182.13M | 35.58M | 64.56M | 47.25M |
| Total current liabilities | 218.06M | 145.63M | 123.49M | 102.21M | 110.26M |
| Current deferred revenue | 67.86M | 10.53M | 10.94M | 9.90M | 11.70M |
| Net debt | 1429.57M | 1081.08M | 2213.77M | 2196.83M | 2247.77M |
| Short term debt | 20.22M | 18.16M | 23.20M | 22.76M | 18.69M |
| Short long term debt | 14.19M | 11.67M | 17.98M | 17.98M | 17.98M |
| Short long term debt total | 1490.93M | 1263.21M | 2249.35M | 2261.39M | 2295.01M |
| Other stockholder equity | 3986.35M | 3298.08M | 2234.69M | 2225.62M | 2218.63M |
| Total current assets | 308.41M | 371.04M | 222.05M | 217.90M | 166.89M |
| Short term investments | 24.88M | 0.00M | 9.85M | - | - |
| Net receivables | 183.47M | 148.07M | 132.90M | 111.43M | 103.01M |
| Long term debt | 1458.71M | 1220.62M | 2199.68M | 2207.91M | 2262.56M |
| Inventory | - | - | -13.30M | - | - |
| Accounts payable | 50.95M | 47.37M | 45.48M | 28.09M | 34.83M |
| Accumulated other comprehensive income | -0.63M | 0.88M | 15.80M | 29.84M | -0.49M |
| Non currrent assets other | 102.41M | 89.36M | 72.36M | 72.82M | 47.38M |
| Non current assets total | 5476.69M | 4205.96M | 4360.93M | 4476.49M | 4609.81M |
| Capital lease obligations | 18.02M | 30.92M | 31.69M | 35.49M | 14.47M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -24.88M | -27.27M | -61.52M | -17.43M | -444.33M |
| Total cashflows from investing activities | -680.90M | -27.27M | -61.52M | -17.43M | -444.33M |
| Net borrowings | 224.67M | -1008.84M | -18.77M | -65.81M | 349.29M |
| Total cash from financing activities | 243.45M | 16.65M | -17.15M | -67.06M | 331.50M |
| Net income | 112.09M | -19.12M | -51.33M | -51.45M | -47.12M |
| Change in cash | -127.77M | 159.15M | -27.21M | 18.14M | -6.43M |
| Begin period cash flow | 204.58M | 45.43M | 72.64M | 54.50M | 60.93M |
| End period cash flow | 76.81M | 204.58M | 45.43M | 72.64M | 54.50M |
| Total cash from operating activities | 309.67M | 169.77M | 51.46M | 102.63M | 106.41M |
| Issuance of capital stock | 25.78M | 1018.76M | 0.42M | 0.65M | 1.19M |
| Depreciation | 140.55M | 186.63M | 176.50M | 183.17M | 176.06M |
| Change to account receivables | -24.32M | -17.84M | -19.17M | -10.94M | -12.66M |
| Sale purchase of stock | 0.00M | -0.84M | -0.69M | -2.45M | -1.91M |
| Other cashflows from financing activities | -6.96M | 7.58M | 1.89M | 0.55M | -17.07M |
| Capital expenditures | 26.48M | 27.27M | 21.52M | 17.43M | 14.54M |
| Change in working capital | -38.09M | -20.17M | -34.62M | -34.78M | -18.81M |
| Stock based compensation | 42.07M | 54.44M | 8.85M | 8.00M | 6.83M |
| Other non cash items | 7.83M | 27.13M | 13.73M | 24.81M | 12.79M |
| Free cash flow | 283.19M | 142.50M | 29.94M | 85.20M | 91.86M |
Sector: Healthcare Industry: Health Information Services
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Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WAY Waystar Holding Corp. Common Stock |
-0.17 0.58% |
28.18 | 35.56 | 12.89 | 4.24 | 1.20 | 5.03 | 14.03 |
| VEEV Veeva Systems Inc Class A |
-1.60 0.53% |
302.12 | 43.49 | 29.59 | 12.48 | 5.79 | 10.39 | 33.41 |
| PMCUF Pro Medicus Limited |
- -% |
144.00 | 64.90 | 90.91 | 49.11 | 38.05 | 65.12 | 83.47 |
| TEM Tempus AI, Inc. Class A Common Stock |
6.32 8.31% |
82.37 | - | - | 8.68 | 25.39 | 8.33 | - |
| MTHRY M3 Inc |
0.30 5.27% |
5.99 | 31.84 | 26.25 | 0.05 | 4.60 | 0.04 | 0.12 |
Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.
| Name | Title | Year Born |
|---|---|---|
| Mr. Matthew J. Hawkins | CEO & Director | 1972 |
| Mr. Steven M. Oreskovich CPA | Advisor | 1972 |
| Mr. T. Craig Bridge | Chief Transformation Officer | 1973 |
| Ms. Alpana Wegner CPA | Chief Financial Officer | 1973 |
| Mr. Amit Khanna | Chief Product & Technology Officer | NA |
| Mr. Edward Akira Parker | Head of Investor Relations | NA |
| Mr. Mark Encinger | Vice President of Treasury & Compliance | NA |
| Mr. Gregory R. Packer | Chief Legal Officer & Secretary | 1980 |
| Kristin Lee | Vice President of Communications | NA |
| Mr. Brendan O'Connor | Senior Vice President of Corporate Development & Strategy | NA |
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