Waystar Holding (WAY) Operating Expenses (2023 - 2026)
Waystar Holding (WAY) posted quarterly Operating Expenses of $243.6 million for Q2 2026, up 18.38% year-over-year from $205.8 million in Q2 2025, and up 4.38% quarter-over-quarter from $233.4 million in Q1 2026.
Waystar Holding (WAY) Operating Expenses (2023 - 2026) Analysis & Trends
Waystar Holding's Operating Expenses history runs 4 years deep, the most recent figure standing at $243.6 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 18.38% year-over-year to $243.6 million; the TTM figure through Jun 2026 stood at $930.0 million (up 16.11% YoY), while the FY2025 annual figure was $850.0 million, up 3.68% from the prior year.
- Operating Expenses for Q2 2026 stood at $243.6 million, up from $233.4 million in the prior quarter.
- The five-year high for Operating Expenses was $244.5 million in Q4 2025, with the low at $158.8 million in Q2 2023.
- The 4-year median for Operating Expenses is $205.8 million (2025), against an average of $203.1 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 42.52% in 2024, then slipped 9.05% in 2025.
- Waystar Holding's Operating Expenses stood at $169.0 million in 2023, then advanced by 12.99% to $191.0 million in 2024, then climbed by 28.05% to $244.5 million in 2025, then dropped by 0.36% to $243.6 million in 2026.
- Business Quant data shows WAY's Operating Expenses at $243.6 million in Q2 2026, $233.4 million in Q1 2026, and $244.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 243.63 Mn |
| Mar 31, 2026 | 233.41 Mn |
| Dec 31, 2025 | 244.52 Mn |
| Sep 30, 2025 | 208.42 Mn |
| Jun 30, 2025 | 205.81 Mn |
| Mar 31, 2025 | 191.23 Mn |
| Dec 31, 2024 | 190.96 Mn |
| Sep 30, 2024 | 212.97 Mn |
| Jun 30, 2024 | 226.30 Mn |
| Mar 31, 2024 | 189.60 Mn |
| Dec 31, 2023 | 169.01 Mn |
| Sep 30, 2023 | 165.05 Mn |
| Jun 30, 2023 | 158.78 Mn |