Waystar's Q4 and Fiscal Year 2024 Results: What Investors Need to Know

Waystar Holding Corp. (Nasdaq: WAY), a leading healthcare payment software provider, has announced that it will release its fourth quarter and fiscal year 2024 financial results on February 18, 2025, before market open. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. A live audio webcast will be available on Waystar's investor relations website, with an archived version accessible for those unable to attend the live event.

Waystar's strong performance in the third quarter of 2024 sets the stage for an exciting earnings report. The company reported revenue growth of 22% year-over-year, reaching $240.1 million, and a net income of $5.4 million, with a net income margin of 2%. Waystar's Adjusted EBITDA margin was an impressive 40%, indicating strong earnings before interest, taxes, depreciation, and amortization.



Waystar's success can be attributed to several key factors:

1. Client growth and retention: Waystar's net revenue retention rate (NRR) was 109%, indicating that clients are not only staying with the company but also increasing their spending on Waystar's services. The company's client base expanded, with 1,173 clients contributing over $100,000 in LTM revenue, up 14% year-over-year.
2. Diversified revenue streams: Waystar's revenue comes from various sources, including subscription revenue and volume-based revenue. In the third quarter of 2024, subscription revenue grew by 16% year-over-year, while volume-based revenue increased by 28% year-over-year. This diversification helps the company maintain steady growth and profitability.
3. Investment in AI-driven automation: Waystar is investing in AI-driven automation across its cloud-based software platform to drive tangible client return on investment. This investment helps providers get paid faster and more efficiently, contributing to the company's strong performance.

As investors await Waystar's Q4 and fiscal year 2024 results, they can expect the company to continue its strong performance driven by client growth, retention, and operational efficiency improvements. Waystar's focus on innovation, investment in AI-driven automation, and diversified revenue streams position the company well for future growth and success.

Investors should keep an eye on Waystar's earnings report, as it may provide valuable insights into the company's performance and growth prospects. With its strong track record and commitment to innovation, Waystar is well-positioned to continue delivering value to its shareholders.