Waystar posts Q3 2026 earnings and lowers full‑year revenue outlook

Waystar Holding Corp. reported third‑quarter 2026 revenue of $325.6 million, up 21% year over year, and GAAP net income of $31.0 million. The company also posted non‑GAAP net income of $87.1 million and an adjusted EBITDA margin of 43%. Management guided full‑year 2026 revenue to $1.277 billion‑$1.287 billion, adjusted EBITDA to $543 million‑$549 million, and non‑GAAP net income to $322 million‑$337 million. CEO Matt Hawkins said strong demand and AI‑driven product adoption drove the results.

The lower‑than‑consensus revenue guidance may pressure Waystar’s share price, as noted by the 7.3% decline after the release. The guidance also sets expectations for cash flow and profitability for the remainder of fiscal 2026.

  • 1Q3 2026 revenue was $325.6 million, up 21% year‑over‑year.
  • 2GAAP net income for the quarter was $31.0 million, a net‑income margin of 10%.
  • 3Non‑GAAP net income for the quarter was $87.1 million.
  • 4Adjusted EBITDA margin was 43%, with adjusted EBITDA of $139.3 million.
  • 5Full‑year 2026 revenue guidance was $1.277 billion to $1.287 billion.
  • 6Full‑year 2026 adjusted EBITDA guidance was $543 million to $549 million.

Sources