{"schema_version":"secwatch.filing_event.v1","accession":"0001990354-25-000011","form_type":"8-K","ticker":"WAY","cik":"0001990354","company_name":"Waystar Holding Corp.","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.768049+00:00","generated_at":"2026-05-17T23:13:09.469803+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Waystar Q2 revenue $270.7M (+15%), net income $32.2M, raises FY2025 guidance","bullets":["Revenue $270.7M, up 15% YoY; subscription revenue $131.1M (+17%), volume-based $138.3M (+14%).","GAAP net income $32.2M ($0.18 diluted EPS); non-GAAP net income $65.7M ($0.36 EPS).","Adjusted EBITDA $112.6M (42% margin); operating cash flow $97M, unlevered free cash flow $111M.","Net revenue retention rate 115%; 1,268 clients with >$100K LTM revenue, up 14% YoY.","Raises FY2025 guidance: revenue $1.030-$1.042B, adjusted EBITDA $418-$426M, non-GAAP EPS $1.36-$1.40."],"urls":{"canonical":"https://secwatch.observer/filing/0001990354-25-000011","json":"https://secwatch.observer/filing/0001990354-25-000011.json","markdown":"https://secwatch.observer/filing/0001990354-25-000011.md","text":"https://secwatch.observer/filing/0001990354-25-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1990354/000199035425000011/0001990354-25-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1990354/000199035425000011/way-20250730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:13:09.469803+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}