Waystar Reports 21% Year-over-Year Revenue Growth in Third Quarter 2026
Waystar Holding Corp. (WAY) reported strong financial results for the third quarter of 2026, highlighted by a 21% year-over-year increase in revenue to $325.6 million. The company's growth was driven significantly by its subscription revenue, which rose 34% to $180.7 million, and provider revenue, which grew 28%. CEO Matt Hawkins attributed the performance to increased client consolidation on Waystar's platform and the adoption of AI-powered capabilities. Profitability remained robust with an adjusted EBITDA margin of 43% and non-GAAP net income reaching $87.1 million. The company also demonstrated strong cash flow generation, reporting unlevered free cash flow of $114.8 million. Looking ahead, Waystar provided full-year 2026 guidance, projecting total revenue between $1.277 billion and $1.287 billion.
Tickers: $WAY
Topics: EBITDA financial guidance healthcare technology net income revenue growth
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