secwatch.observer — SEC 8-K summary
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Issuer:     Waystar Holding Corp. (WAY)
CIK:        0001990354
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001990354-26-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waystar Q4 revenue $304M +24% YoY; issues FY2026 guidance $1.27-$1.29B revenue
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- Q4 revenue $303.5M (+24% YoY); GAAP EPS $0.10, non-GAAP EPS $0.36; adjusted EBITDA $129.1M (43% margin).
- FY2025 revenue $1.1B (+17% YoY); net income $112.1M; adjusted EBITDA $462.1M (42% margin); NRR 112%.
- Subscription revenue Q4 $167.8M (+38% YoY); volume-based revenue $134.2M (+11%). FY subscription $558.4M (+22%).
- FY2026 guidance: revenue $1.274B-$1.294B; adjusted EBITDA $530M-$540M; non-GAAP EPS $1.59-$1.68.
- CEO highlights Iodine acquisition integration ahead of plan and AI-powered platform momentum.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1990354/000199035426000010/0001990354-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1990354/000199035426000010/way-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001990354-26-000010

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