---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-014518"
form_type: "8-K"
ticker: "WAY"
cik: "0001990354"
company_name: "Waystar Holding Corp."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T17:42:27.340239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Waystar Q4 revenue $244M (+18% YoY); FY2025 guidance revenue $1.0B-$1.016B

## Summary
- Q4 revenue $244.1M (+18% YoY), GAAP net income $19.1M ($0.11/sh), adjusted EBITDA $100.2M (41% margin).
- FY2024 revenue $944M (+19% YoY), net loss $19.1M (improved 62.7% YoY), adjusted EBITDA $383M (+15%).
- FY2025 guidance: revenue $1.0B-$1.016B, adjusted EBITDA $399M-$407M, non-GAAP EPS $1.29-$1.32.
- Key metrics: 1,203 clients >$100K LTM revenue (+15% YoY); NRR 110%; subscription rev $121.6M (+18%); volume rev $121.2M (+19%).

## SEC filing metadata
- accession: 0001104659-25-014518
- form_type: 8-K
- ticker: WAY
- cik: 0001990354
- company_name: Waystar Holding Corp.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990354/000110465925014518/0001104659-25-014518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990354/000110465925014518/tm256785d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-014518
- JSON: https://secwatch.observer/filing/0001104659-25-014518.json
- Plain text: https://secwatch.observer/filing/0001104659-25-014518.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.