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Dec 31, 2024
Waystar Holding Corp Q4 2024 Earnings Report
Waystar Holding Corp reported strong Q4 2024 results with revenue and net income growth.
Key Takeaways
Waystar Holding Corp delivered strong financial performance in Q4 2024, with revenue increasing 18% year-over-year to $244.1 million. Net income reached $19.1 million, while non-GAAP net income stood at $52.1 million. The company reported a net income margin of 8% and an adjusted EBITDA margin of 41%. Revenue growth was driven by subscription and volume-based segments, both increasing significantly compared to the prior year.
Revenue grew 18% year-over-year to $244.1 million.
Net income reached $19.1 million with a margin of 8%.
Non-GAAP net income totaled $52.1 million with adjusted EBITDA of $100.2 million.
Subscription and volume-based revenue segments both showed strong growth.
Revenue by Segment
Forward Guidance
Waystar expects continued revenue growth and strong adjusted EBITDA performance in FY 2025.
Positive Outlook
- Total revenue expected to be between $1.0 billion and $1.016 billion.
- Adjusted EBITDA projected between $399 million and $407 million.
- Non-GAAP net income forecasted to range from $237 million to $243 million.
- Non-GAAP EPS expected to be between $1.29 and $1.32.
- Company remains focused on expanding its cloud-based healthcare payment solutions.
Challenges Ahead
- Potential impact of macroeconomic conditions on client spending.
- Competitive pressures in the healthcare payment technology industry.
- Regulatory uncertainties that may affect operational costs.
- Stock-based compensation expenses may impact GAAP net income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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