Why did Waystar Holding (WAY) stock move recently?

On 8/25/2026, Waystar Holding moved -4.5% — Waystar Holding shares fell with no identifiable company-specific catalyst in filings or today's coverage; the decline likely reflected broader market or sector movement. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Waystar Holding (WAY) overvalued or fairly valued?

MarketChacha shows Waystar Holding's valuation in context — a trailing P/E of about 32.1, a forward P/E of about 13.5, a price-to-book of about 1.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Waystar Holding's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (12.75×) from reported figures — education, not a rating.

What is Waystar Holding's revenue?

Waystar Holding reported revenue of $1.1B for FY2025, with net profit of $112.1M, per official filings.

What is the share price of Waystar Holding (WAY)?

Waystar Holding last traded at $25.07 (-3.9% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Waystar Holding

WAY · NYSE · Healthcare · United States

Snapshot

TickerWAY

ExchangeNYSE

SectorHealthcare

IndustryHealth Information Services

CountryUnited States

Employees1,700

HeadquartersLehi, United States

Websitewww.waystar.com

Filings tracked15

About Waystar Holding

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.

Who owns it

Insiders2.4%
Institutions97.6%
Public & other0.0%

409 institutional holders

Ownership breakdown from public market data.

Top holders

Eqt Fund Management S.a R.l.12.98%
Canada Pension Plan Investment Board9.92%
Blackrock Inc.9.09%
FMR, LLC7.85%
Bain Capital Investors Llc6.91%
Advent International LP5.77%
Vanguard Portfolio Management LLC3.46%
Goldentree Asset Management LP3.21%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 2.9% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion12.75×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-6.5% → 10.2%

Margin has expanded by about 16.7 points — the business is getting more profitable.

Return on equity2.9%

Latest ROE of 2.9% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $328.7M · EPS 0.42

Est. earnings growth +16.3%

Next fiscal year

Rev $1.4B · EPS 1.88

Est. earnings growth +12.5%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.1B

Net margin

10.2%

ROE

2.9%

Revenue CAGR (2y)

+17.9%

EPS (FY2025)

0.61

Net profit (FY2025)

$112.1M

Ask MarketChacha about WAY

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Aug 25, 2026
Waystar Holding shares fell with no identifiable company-specific catalyst in filings or today's coverage; the decline likely reflected broader market or sector movement.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.1B	$112.1M	0.61	10.2%	2.9%
FY2024	$943.5M	$-19.1M	-0.13	-2.0%	-0.6%
FY2023	$791.0M	$-51.3M	-0.42	-6.5%	-2.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$319.7M	$40.9M	0.21	12.8%
2026Q1	$313.9M	$43.3M	0.22	13.8%
2025Q3	$268.7M	$30.6M	0.17	11.4%
2025Q2	$270.7M	$32.2M	0.18	11.9%
2025Q1	$256.4M	$29.3M	0.16	11.4%
2024Q3	$240.1M	$5.4M	0.03	2.3%
2024Q2	$234.5M	$-27.7M	-0.21	-11.8%
2024Q1	$224.8M	$-15.9M	-0.13	-7.1%
2023Q3	$197.3M	$-15.5M	-0.13	-7.9%
2023Q2	$196.0M	$-10.8M	-0.09	-5.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/29/2026material
10-Q filing
SEC7/29/2026
8-K — Shareholder vote results
SEC6/4/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC2/17/2026material
10-K filing
SEC2/17/2026
8-K — Executive/director change
SEC2/6/2026material

2025

8-K — Results of operations, Exhibits
SEC10/29/2025material
10-Q filing
SEC10/29/2025
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Executive/director change, Reg FD disclosure, Other events, Exhibits
SEC10/1/2025material
8-K — Other events, Exhibits
SEC9/11/2025material
8-K — Material agreement, Material financial obligation, Reg FD disclosure
SEC8/12/2025material
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.