Waystar Holding Corp. (WAY) stock
Close on Nov 12, 2026Market cap $5.40BP/E 40.8Yield –
Waystar Holding Corp. grew revenue 21.4% to $1.26B over the twelve months to Sep 30, 2026. Operating income rose 13.7% to $276.79M, moving the operating margin from 23.4% to 21.9%. Free cash flow was $264.05M, down 7.2% from a year earlier. At the latest close the market valued the company at $5.40B, 40.8 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $5.40B
- P/E ratio
- 40.8
- Price to sales
- 4.27
- Price to book
- 1.34
- Dividend yield
- –
- Free cash flow yield
- 4.89%
Fundamentals
- Revenue
- $1.26B
- Net income
- $135.16M
- EPS, diluted
- $0.69
- Free cash flow
- $264.05M
- Book value per share
- $20.60
- Diluted shares
- 196M
Trading
- Next earnings
- Feb 16, 2027 (estimated, before the open)
- Previous close
- $28.84
- Open
- $28.53
- Day's range
- $27.60 – $29.36
- Volume
- 1,387,503
- Average volume (20 days)
- 1,950,399
- Index membership
- S&P SmallCap 600 (since Nov 2025), Russell 2000 (since Sep 2024), Russell 3000 (since Aug 2024)
- Beta (5 years)
- 0.93
- 52-week range
- $17.26 – $37.51
- RSI (14 days)
- 51.0
- Volatility (1 year)
- 54.0%
- Relative volume
- 0.60×
- WACC
- 8.5%
Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2024, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.
| Period | WAY | S&P 500 | Difference | WAY per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +5.6% | -2.7% | +8.3 pts | ||
| 3 months | +14.7% | -1.7% | +16.4 pts | ||
| Year to date | -14.1% | +11.9% | −26.0 pts | ||
| 1 year | -23.7% | +12.0% | −35.7 pts |
Five years at a glance
Fiscal years 2021 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Waystar filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Update
About Waystar
Services-Computer Integrated Systems Design
Waystar develops cloud-based software that automates healthcare payment workflows across the care continuum. Its core platform offers solutions for patient financial clearance, prior authorization, claims management, denial prevention and recovery, clinical documentation integrity, and revenue capture. It also provides electronic patient billing systems and performance analytics tools. The company serves healthcare providers of various sizes, including physician practices, ambulatory clinics, surgical centers, diagnostic laboratories, and health systems.
Company profile, executives and historyWaystar stock: common questions
What is Waystar's stock price?
WAY closed at $28.14 on Nov 12, 2026, down 2.43% on the day. Over the past 52 weeks it traded between $17.26 and $37.51.
What is Waystar's market cap?
Waystar was worth $5.40B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.
What is WAY's P/E ratio?
WAY trades at 40.8 times earnings, based on diluted earnings per share of $0.69 over the twelve months to Sep 30, 2026.
How much revenue does Waystar make?
Waystar reported revenue of $1.26B for the twelve months to Sep 30, 2026, up 21.4% from a year earlier.
Does Waystar pay a dividend?
No. Waystar has not paid a cash dividend over the last twelve months.
When does Waystar report earnings next?
Waystar is expected to report Q4 FY2026 results on Feb 16, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has WAY stock performed over the past year?
Including dividends, WAY returned -23.7% over the past year, against +12.0% for the S&P 500.
How many WAY shares are sold short?
15M shares were sold short at the latest FINRA report, 21.46% of the float, or 8.4 days of average trading volume.
Who are Waystar's competitors?
Companies most similar to Waystar by business, industry and size include CCC, BILL, JKHY, RBBN, IOT.
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