Subscription Revenue was Waystar Holding’s largest product and service line in fiscal 2025, bringing in $558.41M of $1.10B (51%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Subscription Revenue | $366.72M | $401.01M | $457.98M | $558.41M |
| Volume-Based Revenue | $335.45M | $386.28M | $479.91M | $534.76M |
| Implementation Services & Other Revenue | $2.71M | $3.72M | $5.66M | $6.12M |
| Total | $704.87M | $791.01M | $943.55M | $1.10B |
Waystar Holding brought in $1.10B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 16.5% from $943.55M in fiscal 2024. Subscription Revenue was the largest at $558.41M (50.8%), ahead of Volume-Based Revenue at $534.76M (48.6%) and Implementation Services & Other Revenue at $6.12M (0.6%).
Compared with fiscal 2024, Subscription Revenue grew 21.9% to $558.41M and Volume-Based Revenue grew 11.4% to $534.76M. From fiscal 2022 to 2025, combined revenue from these lines grew from $704.87M to $1.10B, a compound annual growth rate of 16.0%. Subscription Revenue's share of the total fell from 52.0% to 50.8%.
Waystar Holding (WAY) reports its revenue by product and service. In fiscal 2025, Subscription Revenue was its largest product and service line, bringing in $558.41M (50.8% of the total), followed by Volume-Based Revenue at $534.76M (48.6%).
Subscription Revenue was Waystar Holding's largest product and service line in fiscal 2025, bringing in $558.41M, or 50.8% of the $1.10B total across its three product and service lines.
Subscription Revenue grew faster than Volume-Based Revenue in fiscal 2025, up 21.9% from $457.98M to $558.41M. Volume-Based Revenue grew 11.4% to $534.76M.
Every figure comes from Waystar Holding's annual financial filings, as reported. Each line keeps the name Waystar Holding gives it, and years follow its fiscal calendar.
Waystar Holding's revenue by product and service goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.