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

Waystar Holding (WAY) Research & Development (2023 - 2026)

Waystar Holding (WAY) posted Research & Development of $50.4 million for Q2 2026, up 9.93% on a QoQ basis from $45.8 million in Q1 2026, and up 15.75% year-over-year from $43.5 million in Q2 2025.

Analysis

Waystar Holding (WAY) Research & Development (2023 - 2026) Analysis & Trends

Waystar Holding has reported Research & Development for 4 years, with the latest figure at $50.4 million in Q2 2026.

  • On a quarterly basis, Research & Development rose 15.75% year-over-year to $50.4 million in Q2 2026; TTM through Jun 2026 was $190.6 million, a 18.31% increase from a year earlier, with the FY2025 full-year figure at $178.0 million, up 13.43% from the prior year.
  • Research & Development was $50.4 million for Q2 2026 at Waystar Holding, up from $45.8 million in the prior quarter.
  • The five-year high for Research & Development was $50.4 million in Q2 2026, with the low at $30.9 million in Q4 2023.
  • Average Research & Development over 4 years is $40.4 million, with a median of $40.1 million recorded in 2025.
  • The sharpest annual moves came in 2024 and 2025: Research & Development surged 45.53% in 2024, then retreated 4.79% in 2025.
  • Over 4 years, Research & Development stood at $30.9 million in 2023, then grew by 25.99% to $39.0 million in 2024, then climbed by 26.22% to $49.2 million in 2025, then advanced by 2.37% to $50.4 million in 2026.
  • The last three Research & Development figures came in at $50.4 million (Q2 2026), $45.8 million (Q1 2026), and $49.2 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 44.53 Bn 37.29 Bn 695.95 Mn 222.92 Mn
2 Waystar Holding 4.81 Bn 4.62 Bn 221.99 Mn 50.38 Mn
3 Doximity 4.74 Bn 4.05 Bn 132.93 Mn 45.05 Mn
4 CCC Intelligent Solutions Holdings 4.41 Bn 4.30 Bn 210.64 Mn 52.99 Mn
5 EverCommerce 1.40 Bn 1.27 Bn 119.50 Mn 33.72 Mn
6 Schrodinger 1.32 Bn 904.47 Mn 32.43 Mn 41.00 Mn
7 Certara 1.21 Bn 1.03 Bn 58.15 Mn 14.98 Mn
8 GoodRx Holdings 1.18 Bn 887.53 Mn 179.41 Mn 81.99 Mn
9 Healthstream 853.81 Mn 787.08 Mn 54.72 Mn 13.58 Mn
10 Phreesia 677.81 Mn 677.81 Mn 110.19 Mn 27.57 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 50.38 Mn
Mar 31, 2026 45.83 Mn
Dec 31, 2025 49.21 Mn
Sep 30, 2025 45.16 Mn
Jun 30, 2025 43.52 Mn
Mar 31, 2025 40.12 Mn
Dec 31, 2024 38.99 Mn
Sep 30, 2024 38.45 Mn
Jun 30, 2024 45.72 Mn
Mar 31, 2024 33.78 Mn
Dec 31, 2023 30.95 Mn
Sep 30, 2023 32.11 Mn
Jun 30, 2023 31.41 Mn