For the year ending 2025-12-31, WAY had -$127,773K decrease in cash & cash equivalents over the period. $283,192K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | 1,099,278 | - |
| Materials and connectivity | 244,993 | - |
| Labor and associated expenses | 103,169 | - |
| Research & development | 54,623 | - |
| Sales and marketing | 178,017 | - |
| General and administrative | 128,623 | - |
| Depreciation | 21,938 | - |
| Amortization | 118,610 | - |
| Interest and non-operating expenses, net | -77,542 | - |
| Income tax expense/(benefit) | 59,674 | - |
| Net loss | - | -19,125 |
| Net income/(loss) | 112,089 | - |
| Depreciation and amortization | 140,548 | 186,631 |
| Stock-based compensation | 42,069 | 54,437 |
| Provision for bad debt expense | 3,320 | 2,669 |
| Loss on extinguishment of debt | -821 | -20,611 |
| Loss on lease termination | -838 | - |
| Deferred income taxes | 45,222 | -59,135 |
| Amortization of debt discount and issuance costs | 2,697 | 3,946 |
| Other | -154 | 99 |
| Accounts receivable | 7,324 | 21,816 |
| Income tax refundable | 16,993 | -3,973 |
| Prepaid expenses and other current assets | 1,947 | 2,322 |
| Deferred costs | 10,866 | 16,497 |
| Other long-term assets | 2,376 | 472 |
| Accounts payable and accrued expenses | 8,932 | 18,228 |
| Deferred revenue | -4,658 | -842 |
| Operating lease right-of-use assets and lease liabilities | 2,853 | 419 |
| Other long-term liabilities | 0 | - |
| Net cash provided by operating activities | 309,673 | 169,768 |
| Purchase of property and equipment and capitalization of internally developed software costs | 26,481 | 27,268 |
| Acquisitions, net of cash and cash equivalents acquired | 629,535 | - |
| Purchase of investment securities | 231,324 | - |
| Proceeds from sale of investment securities | 206,444 | - |
| Net cash used in investing activities | -680,896 | -27,268 |
| Change in aggregated funds liability | -6,955 | 12,399 |
| Proceeds from equity offering, net of underwriting discounts | 0 | 1,017,074 |
| Payments of third-party ipo issuance costs | 0 | 3,407 |
| Repurchase of shares | 0 | 844 |
| Proceeds from exercise of common stock options | - | 1,683 |
| Proceeds from issuance of common stock from employee equity plans | 25,779 | - |
| Proceeds from issuances of debt, net of creditor fees | 390,140 | 576,060 |
| Payments on debt | 152,440 | 1,584,080 |
| Third-party fees paid in connection with issuance of new debt | 42 | 1,410 |
| Finance lease liabilities paid | 13,032 | 821 |
| Net cash provided by (used in) financing activities | 243,450 | 16,654 |
| Increase in cash and cash equivalents during the period | - | 159,154 |
| Increase/(decrease) in cash and cash equivalents during the period | -127,773 | - |
| Cash and cash equivalents at beginning of period | 204,582 | 45,428 |
| Cash and cash equivalents at end of period | 76,809 | 204,582 |
Waystar Holding Corp. (WAY)
Waystar Holding Corp. (WAY)