For the quarter ending 2026-03-31, WAY had -$14,109K decrease in cash & cash equivalents over the period. $69,586K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 313,874 | 303,538 | 268,651 | 527,089 |
| Materials and connectivity | 67,121 | 62,209 | 60,060 | 122,724 |
| Labor and associated expenses | 29,914 | 30,429 | 25,075 | 47,665 |
| Research and development | 18,368 | 18,520 | 12,403 | 23,700 |
| Sales and marketing | 45,830 | 49,212 | 45,158 | 83,647 |
| General and administrative | 30,724 | 43,709 | 32,422 | 52,492 |
| Depreciation | 6,978 | 5,914 | 5,449 | 10,575 |
| Amortization | 34,474 | 34,528 | 27,851 | 56,231 |
| Interest and non-operating expenses, net | -20,647 | -22,870 | -17,517 | -37,155 |
| Income tax expense | 16,535 | 16,159 | 12,068 | 31,447 |
| Net income | 43,283 | 19,988 | 30,648 | 61,453 |
| Depreciation and amortization | 41,452 | 40,442 | 33,300 | 33,426 |
| Stock-based compensation | 11,446 | 12,198 | 11,597 | 11,530 |
| Provision for bad debt expense | 1,267 | 715 | 733 | 617 |
| Loss on extinguishment of debt | -113 | -110 | -711 | 0 |
| Loss on lease termination | - | -838 | - | - |
| Deferred income taxes | -2,104 | 22,263 | 15,522 | 2,868 |
| Amortization of debt discount and issuance costs | 661 | 676 | 675 | 679 |
| Other | - | -154 | 0 | 0 |
| Accounts receivable | -3,237 | 4,279 | 2,910 | -3,149 |
| Income tax refundable | -6,437 | 19,831 | 0 | 0 |
| Prepaid expenses and other current assets | 3,176 | -3,033 | 4,012 | -492 |
| Deferred costs | 4,346 | 3,750 | 1,976 | 2,918 |
| Other long-term assets | -284 | 14 | 2,420 | 266 |
| Accounts payable and accrued expenses | -9,667 | -1,648 | 1,272 | 17,438 |
| Deferred revenue | -3,507 | -2,795 | -682 | -1,956 |
| Operating lease right-of-use assets and lease liabilities | 467 | 1,466 | 428 | 483 |
| Other long-term liabilities | - | 0 | - | - |
| Net cash provided by operating activities | 84,913 | 66,634 | 82,030 | 96,760 |
| Purchase of property and equipment and capitalization of internally developed software costs | 15,327 | 9,412 | 5,876 | 5,767 |
| Acquisitions, net of cash and cash equivalents acquired | - | 629,535 | - | - |
| Purchase of investment securities | 124,195 | 24,880 | 155,919 | 26,094 |
| Proceeds from sale or maturity of investment securities | 25,000 | - | - | - |
| Proceeds from sale of investment securities | - | 0 | 206,444 | - |
| Measurement period adjustments related to prior year acquisition | 2,037 | - | - | - |
| Net cash used in investing activities | -112,485 | -663,827 | 44,649 | -31,861 |
| Change in aggregated funds liability | 14,807 | -8,744 | 2,960 | -4,365 |
| Proceeds from equity offering, net of underwriting discounts | - | 0 | 0 | 0 |
| Payments of third-party ipo issuance costs | - | 0 | 0 | 0 |
| Repurchase of shares | - | 0 | 0 | 0 |
| Proceeds from exercise of common stock options | - | - | - | 15,045 |
| Proceeds from issuance of common stock from employee equity plans | 2,405 | 3,340 | 22,439 | - |
| Proceeds from issuances of debt, net of creditor fees | 19,800 | 390,140 | 0 | 0 |
| Payments on debt | 23,549 | 143,689 | 2,917 | 2,917 |
| Third-party fees paid in connection with issuance of new debt | - | 42 | 0 | 0 |
| Finance lease liabilities paid | 0 | 12,360 | 228 | 225 |
| Net cash provided by financing activities | 13,463 | 228,645 | 7,209 | -3,148 |
| Increase/(decrease) in cash and cash equivalents during the period | -14,109 | -368,548 | 133,888 | 106,887 |
| Cash and cash equivalents and restricted cashbeginning of period | 76,809 | -240,775 | -106,887 | 204,582 |
| Cash and cash equivalents and restricted cashend of period | 62,700 | -368,548 | 133,888 | 311,469 |
Waystar Holding Corp. (WAY)
Waystar Holding Corp. (WAY)