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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Waystar Holding (WAY) Gross Margin (2023 - 2025)

Waystar Holding's Gross Margin history spans 3 years, with the latest figure at 27.73% for Q4 2025.

  • For Q4 2025, Gross Margin fell 10473.0% year-over-year to 27.73%; the TTM value through Dec 2025 reached 64.37%, down 2339.0%, while the annual FY2025 figure was 68.33%, 1504.0% down from the prior year.
  • Gross Margin reached 27.73% in Q4 2025 per WAY's latest filing, down from 83.19% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 132.47% in Q4 2024 to a low of 24.39% in Q4 2023.
  • Average Gross Margin over 3 years is 71.74%, with a median of 68.1% recorded in 2023.
  • Peak YoY movement for Gross Margin: skyrocketed 10807bps in 2024, then tumbled -10473bps in 2025.
  • A 3-year view of Gross Margin shows it stood at 24.39% in 2023, then surged by 443bps to 132.47% in 2024, then tumbled by -79bps to 27.73% in 2025.
  • Per Business Quant, the three most recent readings for WAY's Gross Margin are 27.73% (Q4 2025), 83.19% (Q3 2025), and 67.84% (Q2 2025).