Business
Waystar Reports Fourth Quarter and Fiscal Year 2024 Results
Fiscal year 2024 revenue of $944M, up 19% YoY Q4 revenue growth of 18% year-over-year Q4 net income of $19.1 million and non-GAAP net income of $52.1 million
About this update from Waystar Holding Corp.
[{"type":"text","content":"Fiscal year 2024 revenue of $944M, up 19% YoY\nQ4 revenue growth of 18% year-over-year\nQ4 net income of $19.1 million and non-GAAP net income of $52.1 million \nFiscal year 2024 net loss $19.1 million, 62.7% improvement YoY\nFiscal year 2024 adjusted EBITDA of $383M, up 15% YoY\nQ4 net income margin of 8%; adjusted EBITDA margin of 41% \nLEHI, Utah and LOUISVILLE, Ky., Feb. 18, 2025 /PRNewswire/ -- Waystar Holding Corp. (Nasdaq: WAY), a provider of leading healthcare payment software, today reported results for the fourth quarter and full year ended December 31, 2024.\n\n \n \n \n \n \n \n\n \n\"We are pleased to report strong results for the fourth quarter and full year 2024, exceeding expectations and reflecting the successful execution of our strategic priorities,\" said Matt Hawkins, Chief Executive Officer of Waystar. \"By leveraging the power of our cloud-based software platform, we have consistently delivered measurable return on investment for our clients.\"\nHawkins continued, \"Looking ahead, we expect to achieve solid revenue growth at scale, paired with compelling adjusted EBITDA margins, positioning us for continued success.\"\nFourth Quarter 2024 Financial Highlights\nRevenue of $244.1 million, up 18% year-over-yearNet income of $19.1 million, GAAP net income per share of $0.11, and net income margin of 8%Non-GAAP net income of $52.1 million and non-GAAP net income per diluted share of $0.29Adjusted EBITDA of $100.2 million and adjusted EBITDA margin of 41%Cash flow from operations of $65 million and unlevered free cash flow of $80 millionKey Metrics and Revenue Disaggregation\n1,203 clients contributed over $100,000 in LTM revenue, up 15% year-over-yearNet revenue retention rate (NRR) of 110%Subscription revenue of $121.6 million, up 18% year-over-yearVolume-based revenue of $121.2 million, up 19% year-over-yearFinancial Outlook\nAs of February 18, 2025, Waystar provides the following guidance for its full fiscal year 2025.1\nTotal revenue is expected to be between $1.0 billion and $1.016 billionAdjusted EBITDA is expected to be between $399 million and $407 millionNon-GAAP net income is expected to be between $237 million and $243 millionDiluted non-GAAP net income per share is expected to be between $1.29 and $1.32Webcast Information\nWaystar's financial results will be discussed on a conference call scheduled ...