Skip to content
Markets
SPY733.00▼ -4.41%QQQ647.05▼ -6.49%DIA514.27▼ -3.53%GLD375.49▲ +0.81%TLT81.93▲ +0.21%BABA108.07▲ +2.64%NIO3.20▼ -3.03%PDD83.95▲ +2.19%Realtime derived data
Octans ResearchOCTANS RESEARCHWaitlist
The Art Deco lobby of the Chicago Board of Trade Building, with black marble piers and a tall lit atrium, July 2025.
Source: Warren LeMay, CC BY-SA 4.0, via Wikimedia Commons

Waystar quarterly revenue rises 21.2% to $325.6 million

Waystar's revenue growth is speeding up. Results for the quarter ended September 30, 2026, from the earnings release filed with the SEC on Nov 2, 2026.

Octans ResearchPublished

Snapshot

Waystar's revenue growth is speeding up: revenue rose 21.2% to $325.6 million in the quarter ended September 30, 2026, from $268.7 million a year earlier, after 18.1% year over year growth the quarter before.

Coverage
Independent Research
Prepared by
Octans Research
Tickers
WAY
As of

Market Data

Latest prices for the companies covered in this article
Company1D %Price
($WAY)▼ −2.73%28.88

as of 16:00 ET · Realtime derived data

What We Know

Revenue for the quarter ended September 30, 2026 was $325.6 million, versus $268.7 million in the same quarter a year earlier, up 21.2%. That is its highest quarterly revenue of the last eight quarters. Diluted earnings per share was $0.16, down from $0.17.

Bar chart: Waystar: revenue, last eight quarters. US$ millions by fiscal quarter end, as of Nov 2, 2026. Dec 2024 244.1; Mar 2025 256.4; Jun 2025 270.7; Sep 2025 268.7; Dec 2025 303.5; Mar 2026 313.9; Jun 2026 319.7; Sep 2026 325.6. Latest quarter $325.6M, Up 21.2% vs a year earlier.
Source: SEC EDGAR (earnings release and XBRL financial data)

Quarterly revenue by fiscal quarter end, oldest first: Dec 2024: $244.1 million; Mar 2025: $256.4 million; Jun 2025: $270.7 million; Sep 2025: $268.7 million; Dec 2025: $303.5 million; Mar 2026: $313.9 million; Jun 2026: $319.7 million; Sep 2026: $325.6 million.

Octans View

Year over year revenue change by quarter, computed from the filed figures: Dec 2025 up 24.3%; Mar 2026 up 22.4%; Jun 2026 up 18.1%; Sep 2026 up 21.2%. On those figures, Waystar's revenue growth is speeding up. That read compares the latest two year over year growth rates and nothing else.

Bear Case · Room for Disagreement

This brief covers reported revenue and diluted earnings per share only. It does not cover guidance, margins, segment results, cash flow or the earnings call, and it makes no forecast. Revenue is the total on the release line we matched; a company's own adjusted measures can differ.

Method and source. Octans Research matched the revenue line in the earnings release (Exhibit 99.1) to the year ago quarter the company reported in its own XBRL financial data; the two must agree before anything is published. The quarterly history comes from the same XBRL data. The text is generated from those verified figures by a fixed template; no model wrote it.

Chart

$WAY adjusted close, last 6 months $WAY adjusted close, last 6 months: series rising from 19.9 to 28.9 (+45.1%) from 2026-05-11 to 2026-11-05. Scale 15 to 30. 15202530 2026-05-112026-11-05 $WAY ADJUSTED CLOSE, LAST 6 MONTHS +45.1% 28.88
Source: Tiingo · As of 2026-11-05Indicative, not investment advice.

Sources

  1. [1]SEC EDGAR — Waystar earnings release for the quarter ended September 30, 2026 (Exhibit 99.1), filed Nov 2, 2026
  2. [2]SEC EDGAR — Waystar XBRL financial data (company facts)

These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.

$325.6M

Revenue for the quarter ended September 30, 2026 was $325.6 million, versus $268.7 million in t… · What we know

Related coverage

More on $WAY

4 reports