Waystar Holding Corp. (WAY) Revenue-to-Profit Sankey Flow & SEC XBRL Financials
Waystar Holding Corp. (WAY) receives a Roarable Rating of D+ (Sell) and flashes a Red SELL / AVOID warning (64/100 RQD Confidence). Our SEC filing scanner spotted paper earnings outpacing real operating cash flow (+137.6% (NI vs OCF)) while unpaid customer invoices grew—a classic sign to step aside until cash flow catches up.
How WAY Turns Every Dollar of Sales Into Real Bottom-Line Profit
Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory
| Fiscal Year | Revenue | Gross Margin | Op Margin | Net Profit | Free Cash Flow | ROIC % |
|---|---|---|---|---|---|---|
| FY 2025 | $1.10B | 44% | 22.7% | $112.1M | $260.2M | 3.7% |
| FY 2024 | $943.5M | 44% | 13.1% | -$19.1M | $127.3M | 2.4% |
| FY 2023 | $791.0M | 44% | 18% | -$51.3M | $15.9M | 6.2% |
Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring WAY)
- ✓Live walkthrough of WAY's RQD Radar, SEC cash-conversion gap & downside levels
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WAY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +16.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on WAY today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for WAY. Explore sector supply chains on /butterfly.
WAY Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDHow profitable is Waystar Holding Corp. (WAY)?
In FY 2025 (10-K), WAY converted $1.1B of revenue into a 44% gross margin, 22.7% operating margin, and $260.2M in free cash flow (23.7% FCF margin).