Waystar Holding/$WAY

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About Waystar Holding

Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.

Ticker

$WAY
Sector
Health
Primary listing
NASDAQ

Employees

1,500
Headquarters
Lehi, United States
Website
waystar.com

Waystar Holding Metrics

BasicAdvanced
$7.1B
59.33
$0.62
-
-

Bulls say / Bears say

Fitch Ratings upgraded Waystar’s long-term issuer default rating to ‘BB’ from ‘BB-’ on May 28, 2025, citing a strong operating profile characterized by a high portion of recurring revenues, solid net revenue retention, and reduced leverage expectations with EBITDA leverage falling below 3.5×.
S&P Global Ratings raised its issuer credit rating for Waystar to ‘BB-’ from ‘B+’ on May 27, 2025, highlighting the company’s strengthened market position, decreasing leverage profile, and durable organic growth prospects within a fragmented industry.
Waystar’s definitive agreement to acquire Iodine Software for $1.25 billion will expand its total addressable market by over 15%, be immediately accretive to gross margin and adjusted EBITDA, and enhance its AI-powered platform to deliver deeper clinical and financial intelligence (Wall Street Journal)
Elevated valuation following a 98% one-year share gain and consensus price targets ranging only from $45 to $51 suggest limited upside from current levels (Investing.com).
The $1.25 billion acquisition of Iodine Software introduces significant integration complexity and execution risk, with realization of the planned synergies over an 18–24 month horizon remaining uncertain (Wall Street Journal).
Post-acquisition net leverage is projected at approximately 3.5× EBITDA, which may constrain financial flexibility and increase interest expense risk as the company pursues further growth (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Nov 2025.

Waystar Holding News

AllArticlesVideos
Hospitals having to do more with less resources, this is where AI comes in, says Waystar CEO

Hospitals having to do more with less resources, this is where AI comes in, says Waystar CEO

CNBC Television2 months ago
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Waystar Holding - Lightyear