Waystar Holding (WAY) Debt Ratio (2023 - 2026)

Waystar Holding's (WAY) quarterly Debt Ratio came in at 0.25 in Q1 2026, down 5.46% year-on-year from 0.27 in Q1 2025, and down 1.13% quarter-over-quarter from 0.25 in Q4 2025.

Waystar Holding (WAY) Debt Ratio (2023 - 2026) Analysis & Trends

Waystar Holding's Debt Ratio history runs 4 years deep, the most recent figure standing at 0.25 for Q1 2026.

  • On a quarterly basis, Debt Ratio fell 5.46% year-over-year to 0.25 in Q1 2026; TTM through Mar 2026 was 0.25, a 5.46% decrease from a year earlier, with the FY2025 full-year figure at 0.25, down 5.43% from the prior year.
  • Debt Ratio eased to 0.25 in Q1 2026 per WAY's latest filing, from 0.25 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.48 in Q4 2023 and bottomed at 0.25 in Q1 2026.
  • The 4-year median for Debt Ratio is 0.27 (2025), against an average of 0.29.
  • Across the five-year window, Debt Ratio sank 44.36% in 2024 and dropped 5.02% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.48 in 2023, then sank by 44.36% to 0.27 in 2024, then decreased by 5.43% to 0.25 in 2025, then decreased by 1.13% to 0.25 in 2026.
  • Per Business Quant, the three latest WAY Debt Ratio figures stand at 0.25 (Q1 2026), 0.25 (Q4 2025), and 0.26 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Veeva Systems 31.81 Bn 24.49 Bn 662.02 Mn -
2 BrightSpring Health Services 14.76 Bn 13.86 Bn 482.22 Mn 0.40
3 Healthequity 8.36 Bn 8.10 Bn 256.31 Mn 0.29
4 Hinge Health 5.91 Bn 5.60 Bn 154.23 Mn -
5 10x Genomics 5.89 Bn 5.35 Bn 106.18 Mn -
6 MiniMed 4.45 Bn 4.16 Bn 480.00 Mn -
7 Waystar Holding 4.41 Bn 4.35 Bn 216.84 Mn 0.25
8 Doximity 3.93 Bn 3.18 Bn 125.97 Mn -
9 Privia Health 3.10 Bn 2.68 Bn - -
10 Omnicell 1.89 Bn 1.65 Bn 140.36 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.25
Dec 31, 2025 0.25
Sep 30, 2025 0.26
Jun 30, 2025 0.26
Mar 31, 2025 0.27
Dec 31, 2024 0.27
Sep 30, 2024 0.27
Jun 30, 2024 0.29
Dec 31, 2023 0.48