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Waystar Holding (WAY) Research & Development (2023 - 2025)

Waystar Holding (WAY) has 3 years of Research & Development data on record, last reported at $18.5 million in Q4 2025.

  • For Q4 2025, Research & Development rose 61.44% year-over-year to $18.5 million; the TTM value through Dec 2025 reached $54.6 million, up 11.99%, while the annual FY2025 figure was $54.6 million, 11.99% up from the prior year.
  • Research & Development reached $18.5 million in Q4 2025 per WAY's latest filing, up from $12.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $18.5 million in Q4 2025 and bottomed at $8.2 million in Q2 2023.
  • Average Research & Development over 3 years is $12.1 million, with a median of $11.3 million recorded in 2024.
  • Peak YoY movement for Research & Development: soared 92.76% in 2024, then fell 20.62% in 2025.
  • A 3-year view of Research & Development shows it stood at $9.8 million in 2023, then increased by 17.25% to $11.5 million in 2024, then surged by 61.44% to $18.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $18.5 million in Q4 2025, $12.4 million in Q3 2025, and $12.6 million in Q2 2025.