Waystar Holding (WAY) Research & Development (2023 - 2026)
Waystar Holding (WAY) posted quarterly Research & Development of $50.4 million for Q2 2026, up 15.75% year-over-year from $43.5 million in Q2 2025, and up 9.93% quarter-over-quarter from $45.8 million in Q1 2026.
Waystar Holding (WAY) Research & Development (2023 - 2026) Analysis & Trends
Waystar Holding's Research & Development history runs 4 years deep, the most recent figure standing at $50.4 million for Q2 2026.
- In Q2 2026, Research & Development rose 15.75% year-over-year to $50.4 million; the TTM figure through Jun 2026 stood at $190.6 million (up 18.31% YoY), while the FY2025 annual figure was $178.0 million, up 13.43% from the prior year.
- Research & Development for Q2 2026 stood at $50.4 million, 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.
- The 4-year median for Research & Development is $40.1 million (2025), against an average of $40.4 million.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 45.53% in 2024, then declined 4.79% in 2025.
- Waystar Holding's Research & Development stood at $30.9 million in 2023, then advanced by 25.99% to $39.0 million in 2024, then gained by 26.22% to $49.2 million in 2025, then rose by 2.37% to $50.4 million in 2026.
- Business Quant data shows WAY's Research & Development at $50.4 million in Q2 2026, $45.8 million in Q1 2026, and $49.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 8.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |