Waystar Holding WAY
NASDAQ WAY
$25.07 -1.01 (-3.87%)
At close: Sep 4, 2026 · 4:00 PM EDT

Waystar Holding (WAY) Operating Expenses (2023 - 2026)

Waystar Holding (WAY) posted Operating Expenses of $243.6 million for Q2 2026, up 4.38% on a QoQ basis from $233.4 million in Q1 2026, and up 18.38% year-over-year from $205.8 million in Q2 2025.

Analysis

Waystar Holding (WAY) Operating Expenses (2023 - 2026) Analysis & Trends

Waystar Holding has reported Operating Expenses for 4 years, with the latest figure at $243.6 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 18.38% year-over-year to $243.6 million in Q2 2026; TTM through Jun 2026 was $930.0 million, a 16.11% increase from a year earlier, with the FY2025 full-year figure at $850.0 million, up 3.68% from the prior year.
  • Operating Expenses was $243.6 million for Q2 2026 at Waystar Holding, 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.
  • Average Operating Expenses over 4 years is $203.1 million, with a median of $205.8 million recorded in 2025.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 42.52% in 2024, then declined 9.05% in 2025.
  • Over 4 years, Operating Expenses stood at $169.0 million in 2023, then grew by 12.99% to $191.0 million in 2024, then increased by 28.05% to $244.5 million in 2025, then fell by 0.36% to $243.6 million in 2026.
  • The last three Operating Expenses figures came in at $243.6 million (Q2 2026), $233.4 million (Q1 2026), and $244.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 44.53 Bn 37.29 Bn 695.95 Mn 420.93 Mn
2 Waystar Holding 4.81 Bn 4.62 Bn 221.99 Mn 243.63 Mn
3 Doximity 4.74 Bn 4.05 Bn 132.93 Mn 99.28 Mn
4 CCC Intelligent Solutions Holdings 4.41 Bn 4.30 Bn 210.64 Mn 163.00 Mn
5 EverCommerce 1.40 Bn 1.27 Bn 119.50 Mn 134.54 Mn
6 Schrodinger 1.32 Bn 904.47 Mn 32.43 Mn 73.98 Mn
7 Certara 1.21 Bn 1.03 Bn 58.15 Mn 58.35 Mn
8 GoodRx Holdings 1.18 Bn 887.53 Mn 179.41 Mn 176.78 Mn
9 Healthstream 853.81 Mn 787.08 Mn 54.72 Mn 75.41 Mn
10 Phreesia 677.81 Mn 677.81 Mn 110.19 Mn 121.85 Mn
Historic Data

Historic Data

Download Data
DateValue
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