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

Waystar Holding's (WAY) quarterly Cost of Revenue came in at $97.0 million in Q1 2026, up 16.43% year-on-year from $83.3 million in Q1 2025, and up 4.75% quarter-over-quarter from $92.6 million in Q4 2025.

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 $97.0 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 16.43% year-over-year to $97.0 million in Q1 2026; TTM through Mar 2026 was $361.9 million, a 11.72% increase from a year earlier, with the FY2025 full-year figure at $348.2 million, up 10.27% from the prior year.
  • Cost of Revenue climbed to $97.0 million in Q1 2026 per WAY's latest filing, from $92.6 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $97.0 million in Q1 2026 and bottomed at $60.5 million in Q2 2023.
  • The 4-year median for Cost of Revenue is $80.5 million (2024), against an average of $79.3 million.
  • Across the five-year window, Cost of Revenue surged 32.98% in 2024 and increased 5.7% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $67.2 million in 2023, then advanced by 18.39% to $79.5 million in 2024, then climbed by 16.46% to $92.6 million in 2025, then grew by 4.75% to $97.0 million in 2026.
  • Per Business Quant, the three latest WAY Cost of Revenue figures stand at $97.0 million (Q1 2026), $92.6 million (Q4 2025), and $85.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn 220.92 Mn
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 260.92 Mn
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 98.33 Mn
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn 28.07 Mn
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn 44.67 Mn
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn 357.00 Mn
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 97.04 Mn
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn 19.41 Mn
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Omnicell 1.89 Bn 1.65 Bn 140.36 Mn 169.52 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 67.19 Mn
Dec 31, 2023 67.19 Mn