Waystar Holding Corp.
Description
Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah.
About
CEO
Mr. Matthew J. Hawkins
Employees
1,400
Instrument type
Common Stock
Sector
Healthcare
Industry
Health Information Services
MIC code
XNGS
Address
1550 Digital Drive, Lehi, UT 84043, United States
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 7, 2024 | 0.11 | 0.14 | 0.03 | 27.27% |
| Aug 8, 2024 | -0.02 | 0.04 | 0.06 | -300.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 10 |
| Average estimate | — | 0.19 | — | 0.84 |
| Low estimate | — | 0.18 | — | 0.76 |
| High estimate | — | 0.20 | — | 0.96 |
| Last year EPS | — | — | — | 0.32 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
164.680%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | |
|---|---|
| Fiscal date | 2023-12-31 |
| Total reported revenue | 791.01M |
| Cost of revenue | 249.77M |
| Gross profit | 541.24M |
| Operating expense | |
| Research & development | 35.33M |
| Selling general and admin | 187.36M |
| Other operating expenses | — |
| Operating income | 142.08M |
| Non operating interest income | |
| Income | — |
| Expense | 205.92M |
| Other income expense | — |
| Pretax income | -63.83M |
| Tax provision | -12.50M |
| Net income | -51.33M |
| Basic EPS | -0.31 |
| Diluted EPS | -0.31 |
| Basic average shares | 166.66M |
| Diluted average shares | 166.66M |
| EBITDA | 318.58M |
| Net income from continuing op. | -51.33M |
| Minority interests | — |
| Preferred stock dividends | — |
Balance sheet
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 4.58B | 4.69B | 4.78B |
| Current assets | |||
| Cash | — | — | — |
| Cash equivalents | — | — | — |
| Cash and cash equivalents | 35.58M | 64.56M | 47.25M |
| Other short term investments | — | — | — |
| Accounts receivable | 126.09M | 107.08M | 92.23M |
| Other receivables | — | — | — |
| Inventory | — | — | — |
| Prepaid assets | 13.30M | 8.50M | 8.53M |
| Restricted cash | 9.85M | 8.08M | 7.25M |
| Assets held for sale | — | — | — |
| Hedging assets | — | — | — |
| Other current assets | 30.43M | 25.33M | 846,000 |
| Non current assets | |||
| Properties | 13.35M | 14.71M | 2.99M |
| Land and improvements | — | — | — |
| Machinery furniture equipment | 85.84M | 68.90M | 56.83M |
| Construction in progress | 13.64M | 8.54M | 5.90M |
| Leases | 8.26M | 7.83M | 13.29M |
| Accumulated depreciation | -69.13M | -52.07M | -40.03M |
| Goodwill | 7.25B | 7.35B | 7.51B |
| Investment properties | — | — | — |
| Financial assets | — | — | — |
| Intangible assets | 1.19B | 1.33B | 1.49B |
| Investments and advances | — | — | — |
| Other non current assets | 72.36M | 72.82M | 47.38M |
| Total liabilities | 2.53B | 2.59B | 2.66B |
| Current liabilities | |||
| Accounts payable | 45.48M | 28.10M | 34.83M |
| Accrued expenses | 6.91M | 4.61M | 5.04M |
| Short term debt | 23.20M | 22.76M | 18.69M |
| Deferred revenue | 10.94M | 9.90M | 11.70M |
| Tax payable | 3.51M | 2.34M | 3.27M |
| Pensions | 23.29M | 26.32M | 22.08M |
| Other current liabilities | — | — | 7.33M |
| Non current liabilities | |||
| Long term debt | 2.23B | 2.24B | 2.28B |
| Provision for risks and charges | — | — | — |
| Deferred liabilities | 174.48M | 240.76M | 258.05M |
| Derivative product liabilities | — | — | — |
| Other non current liabilities | 2.75M | 7,000 | 4.82M |
| Shareholders equity | |||
| Common stock | 1.22M | 1.22M | 2.01M |
| Retained earnings | -201.78M | -150.44M | -98.99M |
| Other shareholders equity | 15.80M | 29.84M | -489,000 |
| Total shareholders equity | 2.05B | 2.11B | 2.12B |
| Additional paid in capital | 2.23B | 2.23B | 2.22B |
| Treasury stock | — | — | — |
| Minority interest | — | — | — |
Cash flow statement
| 2023 | |
|---|---|
| Operating Activities | |
| Net Income | -51.33M |
| Depreciation | 176.50M |
| Deferred Taxes | -61.67M |
| Stock-Based Compensation | 8.85M |
| Other Non-Cash Items | 10.92M |
| Accounts Receivable | -19.17M |
| Accounts Payable | — |
| Other Assets & Liabilities | -17.67M |
| Operating Cash Flow | 46.43M |
| Investing Activities | |
| Capital Expenditures | -21.52M |
| Net Intangibles | — |
| Net Acquisitions | -40.00M |
| Purchase of Investments | — |
| Sale of Investments | — |
| Investing Cash Flow | -61.52M |
| Financing Activities | |
| Long-Term Debt Issuance | 20.00M |
| Long-Term Debt Payments | -38.77M |
| Other Financing Charges | 1.89M |
| Financing Cash Flow | -17.15M |
| Other Cash Details | |
| End Cash Position | 45.43M |
| Income Tax Paid | 51.45M |
| Interest Paid | 193.00M |
| Free Cash Flow | 29.94M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Neuberger & Berman Long Short Fd | Nov 30, 2024 | 2,307,864 | 94.65M | 1.34% |
| Vanguard Explorer Fund, Inc. | Oct 31, 2024 | 1,545,536 | 63.38M | 0.90% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,316,057 | 53.97M | 0.76% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,211,717 | 49.69M | 0.70% |
| Price (T.Rowe) Small Cap Stock Fund | Sep 30, 2024 | 1,065,592 | 43.70M | 0.62% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,044,502 | 42.84M | 0.61% |
| Capitol Ser Tr-Fuller & Thaler Behavioral Small Cap Growth Fd | Dec 31, 2024 | 1,031,400 | 42.30M | 0.60% |
| American Century Small Cap Growth Fund | Oct 31, 2024 | 836,251 | 34.29M | 0.49% |
| Neuberger & Berman Large Cap Growth Fund | Nov 30, 2024 | 839,205 | 34.42M | 0.49% |
| JP Morgan Small Cap Growth Fund | Sep 30, 2024 | 710,225 | 29.13M | 0.41% |
Article
Waystar recognized as the leading healthcare software platform with top marks for client satisfaction
Receives multiple Best in KLAS awards in Claims Management & Clearinghouse and Patient Access LEHI, Utah and LOUISVILLE, Ky., Feb. 5, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today announced its top ranking in multiple 2025 Best in KLAS categories: Claims Management & Clearinghouse and Patient Access.
Feb 5, 2025
Article
Waystar to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on February 18, 2025
LEHI, Utah and LOUISVILLE, Ky. , Jan. 28, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024, before market open on Tuesday, February 18, 2025.
Jan 28, 2025
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Companies from Johnson & Johnson to Eli Lilly, Amazon and Nvidia are announcing health-related deals at the JPMorgan Health Care Conference.
Jan 14, 2025
