Waystar Q2 FY26 net income rises to $40.9 million; revenue increases 18% to $319.7 million
WAY•Revenue mix
Subscription revenue rose 34% to $176.3 million; volume-based revenue increased 3% to $142.1 million.
Full-year outlook
Waystar raised its full-year revenue outlook to $1.276 billion-$1.294 billion. CEO Matt Hawkins cited growing provider adoption and AltitudeAI impact.
Quarterly results
Waystar posted Q2 revenue of $319.7 million, up 18% year-over-year; GAAP net income rose to $40.9 million.
GAAP diluted EPS was $0.21; net income margin was 13%.
Adjusted EBITDA climbed to $136.7 million, lifting adjusted EBITDA margin to 43%.




