Waystar Reports Strong Q3 Financial Results and Guidance
News related to:Waystar Holding Corp · 1 min read
LEHI, Utah and LOUISVILLE, Ky., Nov. 2, 2026 /CourierPR/ -- Waystar Holding Corp., a provider of leading healthcare payment software, reported strong financial results for the third quarter of 2026. The company's revenue for the quarter ended September 30, 2026, reached $325.6 million, marking a 21% increase from the same period in the previous year. This growth is reflected in the company's net income of $31.0 million, with a net income per diluted share of $0.16. The non-GAAP net income for the quarter was significantly higher at $87.1 million, translating to a non-GAAP net income per diluted share of $0.44.
Waystar's adjusted EBITDA for the quarter stood at $139.3 million, with an adjusted EBITDA margin of 43%. The company's cash flow from operations was robust at $103.9 million, while its unlevered free cash flow reached $114.8 million. These financial metrics underscore the company's strong operational performance and cash generation capabilities.
In terms of key performance metrics, Waystar reported that 1,488 clients contributed over $100,000 in trailing 12-month (LTM) revenue, a 14% increase from the previous year. The company's net revenue retention rate (NRR) was impressive at 108%, indicating strong client loyalty and satisfaction. Subscription revenue for the quarter was $180.7 million, a 34% increase from the same period in 2025. Volume-based revenue came in at $142.9 million, up 8%, while provider revenue was $243.4 million, a 28% increase. Patient revenue was $82.2 million, marking a 5% increase.
Looking ahead, Waystar provided guidance for its full fiscal year 2026. The company expects total revenue to be between $1.277 billion and $1.287 billion, with an adjusted EBITDA range of $543 million to $549 million. Non-GAAP net income is expected to fall between $322 million and $337 million, with a non-GAAP net income per diluted share range of $1.63 to $1.71.
These results highlight Waystar's continued growth and market leadership in the healthcare payment software sector.