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Gotrade News - Waystar Holding Corp. (Nasdaq: WAY) reported third-quarter 2026 revenue of $325.6 million, up 21% year over year, and net income of $31.0 million, or $0.16 per diluted share, according to Waystar's official release issued on Monday, November 2, 2026, at 4:05 p.m. ET.
Regular-session close on November 2, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
Waystar Earnings Details
For the quarter ended September 30, 2026, the healthcare payment software provider reported non-GAAP net income of $87.1 million, or $0.44 per diluted share, and adjusted EBITDA of $139.3 million, an adjusted EBITDA margin of 43%. Its net income margin was 10%. Cash flow from operations was $103.9 million and unlevered free cash flow was $114.8 million, the release said.
Subscription revenue was $180.7 million, up 34% year over year, and volume-based revenue was $142.9 million, up 8%. Provider revenue was $243.4 million, up 28%, and patient revenue was $82.2 million, up 5%. The company said 1,488 clients contributed over $100,000 in last-twelve-month revenue, up 14% year over year, and reported a net revenue retention rate of 108%.
For full fiscal year 2026, Waystar said it expects total revenue between $1.277 billion and $1.287 billion, adjusted EBITDA between $543 million and $549 million, non-GAAP net income between $322 million and $337 million, and diluted non-GAAP net income per share between $1.63 and $1.71.
Why It Matters for WAY
The company tied the quarter to client demand. "Waystar delivered another quarter of robust bookings and healthy demand across the business," Chief Executive Officer Matt Hawkins said in the release. He added that providers are "increasingly consolidating more of the revenue cycle onto Waystar's connected platform" as they adopt more of its AI-powered capabilities.
According to the release, subscription revenue grew faster than volume-based revenue in the quarter, at 34% against 8% year over year. Hawkins said the company is focused on extending its market leadership as it uses AI and agentic capabilities "to reshape the revenue cycle." Waystar scheduled a conference call for 4:30 p.m. ET on Monday, November 2, 2026, to discuss the results, and said it will archive the webcast on its website.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
