Waystar Holding (WAY) Cost of Revenue (2023 - 2026)
Waystar Holding (WAY) posted quarterly Cost of Revenue of $97.7 million for Q2 2026, up 12.23% year-over-year from $87.0 million in Q2 2025, and up 0.67% quarter-over-quarter from $97.0 million in Q1 2026.
Waystar Holding (WAY) Cost of Revenue (2023 - 2026) Analysis & Trends
Waystar Holding's Cost of Revenue history runs 4 years deep, the most recent figure standing at $97.7 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 12.23% year-over-year to $97.7 million; the TTM figure through Jun 2026 stood at $372.5 million (up 12.71% YoY), while the FY2025 annual figure was $348.2 million, up 10.27% from the prior year.
- Cost of Revenue for Q2 2026 stood at $97.7 million, up from $97.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $97.7 million in Q2 2026, with the low at $60.5 million in Q2 2023.
- The 4-year median for Cost of Revenue is $80.5 million (2024), against an average of $80.7 million.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue surged 32.98% in 2024, then advanced 5.7% in 2025.
- Waystar Holding's Cost of Revenue stood at $67.2 million in 2023, then gained by 18.39% to $79.5 million in 2024, then advanced by 16.46% to $92.6 million in 2025, then gained by 5.45% to $97.7 million in 2026.
- Business Quant data shows WAY's Cost of Revenue at $97.7 million in Q2 2026, $97.0 million in Q1 2026, and $92.6 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 40.11 Bn | 32.80 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 12.26 Bn | 11.70 Bn | 492.75 Mn | 271.40 Mn |
| 3 | Healthequity | 8.80 Bn | 8.53 Bn | 256.31 Mn | 98.33 Mn |
| 4 | 10x Genomics | 8.39 Bn | 7.84 Bn | 112.50 Mn | 38.54 Mn |
| 5 | Hinge Health | 7.03 Bn | 6.65 Bn | 183.95 Mn | 28.87 Mn |
| 6 | MiniMed | 5.12 Bn | 4.82 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.86 Bn | 4.67 Bn | 221.99 Mn | 97.69 Mn |
| 8 | Doximity | 4.60 Bn | 3.91 Bn | 132.93 Mn | 23.69 Mn |
| 9 | Heartflow | 4.38 Bn | 4.00 Bn | 53.19 Mn | 10.89 Mn |
| 10 | Privia Health | 2.65 Bn | 2.24 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 97.69 Mn |
| Jun 30, 2026 | 97.69 Mn |
| Mar 31, 2026 | 97.04 Mn |
| Mar 31, 2026 | 97.04 Mn |
| Dec 31, 2025 | 92.64 Mn |
| Dec 31, 2025 | 92.64 Mn |
| Sep 30, 2025 | 85.14 Mn |
| Sep 30, 2025 | 85.14 Mn |
| Jun 30, 2025 | 87.04 Mn |
| Jun 30, 2025 | 87.04 Mn |
| Mar 31, 2025 | 83.35 Mn |
| Mar 31, 2025 | 83.35 Mn |
| Dec 31, 2024 | 79.54 Mn |
| Dec 31, 2024 | 79.54 Mn |
| Sep 30, 2024 | 80.55 Mn |
| Sep 30, 2024 | 80.55 Mn |
| Jun 30, 2024 | 80.45 Mn |
| Jun 30, 2024 | 80.45 Mn |
| Mar 31, 2024 | 75.19 Mn |
| Mar 31, 2024 | 75.19 Mn |