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Waystar Holding (WAY) Cost of Revenue (2023 - 2025)

Waystar Holding (WAY) has 3 years of Cost of Revenue data on record, last reported at $92.6 million in Q4 2025.

  • For Q4 2025, Cost of Revenue rose 137.59% year-over-year to $92.6 million; the TTM value through Dec 2025 reached $348.2 million, up 44.8%, while the annual FY2025 figure was $348.2 million, 121.85% up from the prior year.
  • Cost of Revenue reached $92.6 million in Q4 2025 per WAY's latest filing, up from $85.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $130.3 million in Q2 2025 and bottomed at $31.4 million in Q2 2023.
  • Average Cost of Revenue over 3 years is $65.2 million, with a median of $60.5 million recorded in 2024.
  • The widest YoY moves for Cost of Revenue: up 184.95% in 2025, down 46.64% in 2025.
  • A 3-year view of Cost of Revenue shows it stood at $32.1 million in 2023, then rose by 21.41% to $39.0 million in 2024, then soared by 137.59% to $92.6 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $92.6 million in Q4 2025, $85.1 million in Q3 2025, and $130.3 million in Q2 2025.