secwatch.observer — SEC 8-K summary
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Issuer:     Waystar Holding Corp. (WAY)
CIK:        0001990354
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001990354-25-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waystar Q3 revenue $268.7M (+12% YoY); raises FY2025 guidance
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- Q3 net income $30.6M ($0.17 GAAP EPS); non-GAAP net income $67.8M ($0.37).
- Adjusted EBITDA $112.7M (42% margin); cash from ops $82M, unlevered FCF $96M.
- Subscription revenue $134.5M (+14% YoY); volume-based revenue $132.3M (+10%).
- Clients >$100K LTM revenue: 1,306 (+11% YoY); net revenue retention 113%.
- FY2025 guidance raised: revenue $1.085-1.093B; adj. EBITDA $451-455M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1990354/000199035425000030/0001990354-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1990354/000199035425000030/way-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001990354-25-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer