Waystar Reports Q3 2026 Growth Driven by Subscription Strength and AI Adoption
Waystar (WAY) reported strong third-quarter 2026 financial results, highlighted by a 21% year-over-year revenue increase to $325.6 million. This growth was primarily fueled by a 34% surge in subscription revenue and robust demand for the company's AI-powered capabilities, with AltitudeAI accounting for 43% of total Q3 bookings. Despite strong operational performance and an expansion in Adjusted EBITDA margins to 42.8%, management updated its full-year revenue guidance to a range of $1.277 billion to $1.287 billion. This adjustment reflects longer implementation cycles for large clients and unexpected headwinds from the transition toward digital patient statements, which has pressured patient revenue growth.
Tickers: $WAY
Topics: EBITDA margin financial guidance free cash flow revenue growth subscription revenue