How did Waystar Holding's revenue and expenses trend in Q4 2024?

Waystar Holding's revenue and expenses in Q4 2024 showed a business-focused trend, with a significant portion of revenue coming from volume-based and subscription-based services. Here's a detailed analysis: 1. **Revenue Trend**: - **Volume-Based Revenue**: Waystar Holding generated $99.95 million from volume-based revenue, which includes revenue from services and other revenue. - **Subscription Revenue**: The company also had a substantial subscription revenue of $99.95 million. - **Total Revenue**: The total revenue for Q4 2024 was $479.91 million. 2. **Expense Trend**: - **Operating Expenses**: The operating expenses were not provided, but the selling, general, and administrative (SG&A) expenses were $99.95 million. - **SG&A Expenses**: The SG&A expenses include selling, general, and administrative costs, which were significant at $99.95 million. - **Services and Other Expenses**: Waystar Holding had expenses from services and other revenue, amounting to $5.66 million and $4.3 million, and $1.48 million respectively. 3. **Net Income**: Despite the substantial revenue and expenses, Waystar Holding reported a net income of $19.08 million for Q4 2024. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |WAY|WAY.O|Waystar Holding|20240101-2024|Services and Other Revenue|5661000|185| |WAY|WAY.O|Waystar Holding|20240101-2024|Services and Other Revenue|4303000|185| |WAY|WAY.O|Waystar Holding|20240101-2024|Services and Other Revenue|2863000|185| |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|Operating Expenses|Net Income|market_code| |---|---|---|---|---|---|---|---| |WAY|WAY.O|Waystar Holding|2024 Q1|1.04089E8||-1.5932E7|185| |WAY|WAY.O|Waystar Holding|2024 Q2|1.29946E8||-2.7685E7|185| |WAY|WAY.O|Waystar Holding|2024 Q3|1.21339E8||5413000|185| |WAY|WAY.O|Waystar Holding|2024 Q4|9.9945E7||1.9079E7|185| In conclusion, Waystar Holding's revenue in Q4 2024 was robust, driven primarily by volume-based and subscription-based services, while the expenses, though significant, were well-managed, as evidenced by the reported net income.