Waystar Holding (WAY) Free Cash Flow (2023 - 2026)
Waystar Holding (WAY) posted quarterly Free Cash Flow of $43.3 million for Q2 2026, down 52.42% year-over-year from $91.0 million in Q2 2025, and down 37.78% quarter-over-quarter from $69.6 million in Q1 2026.
Waystar Holding (WAY) Free Cash Flow (2023 - 2026) Analysis & Trends
Waystar Holding's Free Cash Flow history runs 4 years deep, the most recent figure standing at $43.3 million for Q2 2026.
- In Q2 2026, Free Cash Flow fell 52.42% year-over-year to $43.3 million; the TTM figure through Jun 2026 stood at $246.3 million (down 11.6% YoY), while the FY2025 annual figure was $283.2 million, up 98.73% from the prior year.
- Free Cash Flow for Q2 2026 stood at $43.3 million, 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.
- The 4-year median for Free Cash Flow is $57.9 million (2024), against an average of $44.0 million.
- The sharpest annual moves came in 2025 and 2026: Free Cash Flow jumped 1037.78% in 2025, then sank 52.42% in 2026.
- Waystar Holding's Free Cash Flow stood at $5.7 million in 2023, then soared by 933.47% to $58.5 million in 2024, then slipped by 2.26% to $57.2 million in 2025, then slipped by 24.33% to $43.3 million in 2026.
- Business Quant data shows WAY's Free Cash Flow at $43.3 million in Q2 2026, $69.6 million in Q1 2026, and $57.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 1.13 Bn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 14.88 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 81.60 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 15.39 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 99.68 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -226.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 43.30 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 39.67 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.30 Mn |
| Jun 30, 2026 | 43.30 Mn |
| Mar 31, 2026 | 69.59 Mn |
| Mar 31, 2026 | 69.59 Mn |
| Dec 31, 2025 | 57.22 Mn |
| Dec 31, 2025 | 57.22 Mn |
| Sep 30, 2025 | 76.15 Mn |
| Sep 30, 2025 | 76.15 Mn |
| Jun 30, 2025 | 90.99 Mn |
| Jun 30, 2025 | 90.99 Mn |
| Mar 31, 2025 | 58.82 Mn |
| Mar 31, 2025 | 58.82 Mn |
| Dec 31, 2024 | 58.55 Mn |
| Dec 31, 2024 | 58.55 Mn |
| Sep 30, 2024 | 70.20 Mn |
| Sep 30, 2024 | 70.20 Mn |
| Jun 30, 2024 | 8.58 Mn |
| Jun 30, 2024 | 8.58 Mn |
| Mar 31, 2024 | 5.17 Mn |
| Mar 31, 2024 | 5.17 Mn |