Waystar Holding (WAY) Cost of Revenue (2023 - 2026)

Waystar Holding's Cost of Revenue history runs 4 years deep, the most recent figure standing at $45.8 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 14.22% year-over-year to $45.8 million; the TTM figure through Mar 2026 stood at $97.0 million (down 52.78% YoY), while the FY2025 annual figure was $178.0 million, up 13.43% from the prior year.
• Cost of Revenue was $45.8 million for Q1 2026 at Waystar Holding, up from -$77.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $85.1 million in Q3 2025 to a low of -$77.5 million in Q4 2025.
• Historically, Cost of Revenue has averaged $41.5 million across 4 years, with a median of $44.6 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Cost of Revenue jumped 45.53% in 2024, then sank 298.79% in 2025.
• A 4-year view of Cost of Revenue shows it stood at $67.2 million in 2023, then sank by 41.97% to $39.0 million in 2024, then tumbled by 298.79% to -$77.5 million in 2025, then surged by 159.13% to $45.8 million in 2026.
• The last three Cost of Revenue figures came in at $45.8 million (Q1 2026), -$77.5 million (Q4 2025), and $85.1 million (Q3 2025), per Business Quant data.