---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-042494"
form_type: "8-K"
ticker: "WAY"
cik: "0001990354"
company_name: "Waystar Holding Corp."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T02:46:07.321134+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Waystar Q1 revenue $256.4M (+14% YoY), net income $29.3M; raises FY2025 guidance

## Summary
- Revenue $256.4M, up 14% YoY; net income $29.3M, GAAP diluted EPS $0.16.
- Non-GAAP net income $58.7M, non-GAAP diluted EPS $0.32.
- Adjusted EBITDA $107.7M (42% margin); cash from ops $64M.
- Net revenue retention 114%; 1,244 clients >$100k LTM revenue (+15% YoY).
- Raised FY2025 guidance: revenue $1.006-1.022B, adj. EBITDA $406-414M.

## SEC filing metadata
- accession: 0001104659-25-042494
- form_type: 8-K
- ticker: WAY
- cik: 0001990354
- company_name: Waystar Holding Corp.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1990354/000110465925042494/0001104659-25-042494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1990354/000110465925042494/tm2513549d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-042494
- JSON: https://secwatch.observer/filing/0001104659-25-042494.json
- Plain text: https://secwatch.observer/filing/0001104659-25-042494.txt

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