Waystar Holding (WAY) Free Cash Flow (2023 - 2026)
Waystar Holding (WAY) posted Free Cash Flow of $43.3 million for Q2 2026, down 37.78% on a QoQ basis from $69.6 million in Q1 2026, and down 52.42% year-over-year from $91.0 million in Q2 2025.
Analysis
Waystar Holding (WAY) Free Cash Flow (2023 - 2026) Analysis & Trends
Waystar Holding has reported Free Cash Flow for 4 years, with the latest figure at $43.3 million in Q2 2026.
- On a quarterly basis, Free Cash Flow fell 52.42% year-over-year to $43.3 million in Q2 2026; TTM through Jun 2026 was $246.3 million, a 11.6% decrease from a year earlier, with the FY2025 full-year figure at $283.2 million, up 98.73% from the prior year.
- Free Cash Flow was $43.3 million for Q2 2026 at Waystar Holding, down from $69.6 million in the prior quarter.
- The five-year high for Free Cash Flow was $91.0 million in Q2 2025, with the low at -$16.7 million in Q3 2023.
- Average Free Cash Flow over 4 years is $44.0 million, with a median of $57.9 million recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow soared 1037.78% in 2025, then sank 52.42% in 2026.
- Over 4 years, Free Cash Flow stood at $5.7 million in 2023, then surged by 933.47% to $58.5 million in 2024, then declined by 2.26% to $57.2 million in 2025, then declined by 24.33% to $43.3 million in 2026.
- The last three Free Cash Flow figures came in at $43.3 million (Q2 2026), $69.6 million (Q1 2026), and $57.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 230.69 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 43.30 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 39.67 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 82.45 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 20.15 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | -34.43 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 2.97 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 66.79 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 5.91 Mn |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 14.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.30 Mn |
| Mar 31, 2026 | 69.59 Mn |
| Dec 31, 2025 | 57.22 Mn |
| Sep 30, 2025 | 76.15 Mn |
| Jun 30, 2025 | 90.99 Mn |
| Mar 31, 2025 | 58.82 Mn |
| Dec 31, 2024 | 58.55 Mn |
| Sep 30, 2024 | 70.20 Mn |
| Jun 30, 2024 | 8.58 Mn |
| Mar 31, 2024 | 5.17 Mn |
| Dec 31, 2023 | 5.67 Mn |
| Sep 30, 2023 | -16.69 Mn |