1. Fiscal 2024 revenue rose 19% YoY to $944M. 2. Q4 net income surged to $19.1M with 8% margin. 3. Adjusted EBITDA for 2024 increased by 15% YoY to $383M. 4. Projected solid revenue growth for fiscal 2025 is expected. 5. Waystar processes over $1.8 trillion in annual gross claims.
Waystar's strong revenue growth and improving EBITDA suggest robust performance, recalling past spikes in stock prices following positive quarterly results.
This information provides crucial insights into Waystar's financial health, which is vital for assessing its market position and growth potential.
Sustained revenue growth and a solid outlook for 2025 indicate a promising long-term trajectory, similar to recovery seen previously in tech healthcare stocks.
Revenue of $944M, up 19% YoY
Q4 revenue growth of 18% year-over-year.
Q4 net income of $19.1 million and non-GAAP net income of $52.1 million.
Fiscal year 2024 net loss $19.1 million, 62.7% improvement YoY.
Fiscal year 2024 adjusted EBITDA of $383M, up 15% YoY.
Q4 net income margin of 8%; adjusted EBITDA margin of 41%.
LEHI, Utah and LOUISVILLE, Ky., Feb. 18, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the fourth quarter and full year ended December 31, 2024.
"We are pleased to report strong results for the fourth quarter and full year 2024, exceeding expectations and reflecting the successful execution of our strategic priorities," said Matt Hawkins, Chief Executive Officer of Waystar.
"Looking ahead, we expect to achieve solid revenue growth at scale, paired with compelling adjusted EBITDA margins, positioning us for continued success."
Key Metrics and Revenue Disaggregation.
As of February 18, 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 8:30 a.m. Eastern Standard Time today, February 18, 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.
To supplement the consolidated financial statements prepared and presented in accordance with U.S. generally accepted accounting principles ("GAAP"), this press release contains certain non-GAAP financial measures as defined below.
Adjusted EBITDA
We define adjusted EBITDA as net loss before interest expense, net income tax benefit, depreciation and amortization, and as further adjusted for stock-based compensation expense.
Net Revenue Retention Rate and Customer Count with >$100,000 of Revenue.
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.
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.
For media inquiries, contact: Kristin Lee at [email protected]
For investor inquiries, contact: Sandy Draper at [email protected] or call 502-238-9511.