1. Waystar reported a 14% revenue growth in Q1 2025. 2. Net income reached $29.3 million with an 11% margin. 3. Adjusted EBITDA margin improved to 42% in Q1. 4. Company raised revenue and EBITDA guidance for 2025. 5. Launched Waystar AltitudeAI to enhance client operations.
Waystar's solid revenue growth and profitability metrics resemble strong momentum seen in previous quarters, suggesting ongoing financial health. Historical comparisons suggest similar performance led to favorable market responses.
The reported financial metrics are crucial for investor appraisal and significantly influence market perception. Raised guidance and new product launches enhance its future growth potential.
The immediate release of strong quarterly results likely boosts stock interest in short-term trading. Investor confidence typically builds after such announcements, often affecting stock prices quickly.
Q1 revenue growth of 14% year-over-year
Q1 net income of $29.3 million and non-GAAP net income of $58.7 million
Q1 net income margin of 11%; adjusted EBITDA margin of 42%
Raising revenue and adjusted EBITDA guidance for 2025
LEHI, Utah and LOUISVILLE, Ky., April 30, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the first quarter ended March 31, 2025.
"Waystar sustained strong momentum in the first quarter of 2025, delivering net income margins exceeding 10%, adjusted EBITDA margins exceeding 40%, and our fourth consecutive quarter of double-digit revenue growth as a public company," said Matt Hawkins, Chief Executive Officer of Waystar. "We also advanced our innovation roadmap with the launch of Waystar AltitudeAI, equipping clients with powerful AI capabilities that streamline workflows and improve financial performance. With a resilient foundation and durable growth model, we have the visibility and confidence to raise our full-year revenue and adjusted EBITDA guidance."
As of April 30, 2025, Waystar provides the following guidance for its full fiscal year 2025.
Waystar's financial results will be discussed on a conference call scheduled at 4:30 p.m. Eastern Daylight Time today, April 30, 2025. A live audio conference call will be available on Waystar's website at https://investors.waystar.com/news-events/events. The webcast will be archived on the site for those unable to listen in real time. This earnings release and the related Current Report on Form 8-K filed April 30, 2025, can be accessed on the Investor Relations page of the company's website.
To supplement our financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), this press release contains certain non-GAAP financial measures as defined below. We present non-GAAP financial measures as supplemental measures of financial performance that assist investors and analysts in comparing our operating performance across reporting periods.
Net Revenue Retention Rate, Customer Count with >$100,000 of Revenue, and other key metrics are closely monitored.
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect our current views with respect to various topics, including future operating results and financial position.
Waystar's mission-critical software is purpose-built to simplify healthcare payments so providers can prioritize patient care and optimize their financial performance. Waystar serves approximately 30,000 clients, representing over 1 million distinct providers.