Waystar Q3 revenue, adjusted profit beat estimates on subscription growth
WAY•Waystar’s third-quarter revenue rose 21% year over year to $325.6 million, slightly above estimates, while adjusted EPS of $0.44 beat the $0.41 estimate. Subscription revenue grew 34%, and the company expects 2026 revenue of $1.277 billion to $1.287 billion.
1. Quarterly results
Waystar reported third-quarter revenue of $325.6 million, up 21% year over year and slightly above the $323.4 million estimate. Adjusted EPS was $0.44, compared with the $0.41 estimate; adjusted net income was $87.1 million, and adjusted EBITDA was $139.3 million.
2. Growth and outlook
Subscription revenue rose 34% year over year, while provider revenue increased 28% to $243.4 million. Waystar cited robust bookings, healthy demand and increased adoption of AI-powered capabilities. For 2026, it expects revenue of $1.277 billion to $1.287 billion, adjusted EBITDA of $543 million to $549 million, and non-GAAP net income of $322 million to $337 million.
