WAY FINANCIAL STATEMENTS

Waystar Holding Corp. Common Stock — balance sheet, income statement and cash flow trends

WAYWaystar Holding Corp. Common Stock

🇺🇸 USA · NASDAQ · Healthcare · Health Information Services

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue1.2 B $+18.6%

Gross Profit754.4 M $+15.8%

Operating Income281.5 M $+83.1%

EBITDA413.8 M $+25.5%

Net Income126.1 M $+383.6%

Peer Comparison· Health Information Services

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WAY	18.6%	65.2%	35.8%	10.9%
PME	30.3%	78.4%	78.4%	97.6%
FONET	53.5%	39.8%	49.6%	26.0%
Industry median	7.1%	63.4%	12.4%	1.5%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
WAY	18.6%	65.2%	35.8%	10.9%
DOCS	13.1%	89.1%	41.3%	30.4%
TXG	2.3%	69.6%	14.6%	-3.5%
SLGC	-19.7%	41.2%	-166.7%	-159.5%
PRVA	24.7%	9.6%	2.5%	1.0%
HQY	7.6%	72.7%	34.3%	17.3%
Industry median	7.1%	63.4%	12.4%	1.5%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity3.9 B $67%
Current Liabilities220 M $4%
Long-term Liabilities1.7 B $29%

Key Figures

YoY change

Total Assets5.8 B $+26.4%

Total Liabilities1.9 B $+27.3%

Total Equity3.9 B $+26.0%

Cash & ST Investments158.9 M $-36.0%

Total Debt1.5 B $+18.0%

Net Debt1.5 B $+40.3%

Peer Comparison· Health Information Services

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WAY	1.76	37.7%	3.21	67.4%
PME	6.22	1.1%	-1.16	72.8%
FONET	2.31	2.5%	-0.21	90.9%
Industry median	1.83	22.0%	-0.01	64.7%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
WAY	1.76	37.7%	3.21	67.4%
DOCS	6.09	1.1%	-2.78	84.6%
TXG	5.90	10.0%	-4.91	80.2%
SLGC	17.79	0.6%	3.31	87.9%
PRVA	1.61	1.2%	-7.28	53.1%
HQY	3.44	48.1%	1.57	61.9%
Industry median	1.83	22.0%	-0.01	64.7%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow330.3 M $+47.9%

Capital Expenditures36.4 M $+34.1%

Free Cash Flow294 M $+49.9%

Dividends Paid——

Peer Comparison· Health Information Services

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WAY	28.6%	25.4%	3.1%	262.0%
PME	56.5%	56.3%	0.2%	57.9%
FONET	45.0%	9.6%	32.1%	173.0%
Industry median	17.1%	13.0%	1.6%	165.1%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
WAY	28.6%	25.4%	3.1%	262.0%
DOCS	50.6%	49.2%	1.4%	166.5%
TXG	20.0%	19.1%	0.9%	-564.2%
SLGC	-153.4%	-149.2%	12.1%	96.2%
PRVA	6.1%	6.1%	0.1%	634.1%
HQY	36.6%	36.5%	2.5%	212.3%
Industry median	17.1%	13.0%	1.6%	165.1%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.