Filing Flows › Waystar Holding (WAY) › Q3 2026
Waystar Holding (WAY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Waystar Holding (WAY) reported revenue of $326M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +2% from the quarter before. Operating margin was 18.8%, net earnings $31.0M (9.5% of revenue).
Waystar Holding, Q3 2026: revenue $326M (+21% year over year), operating margin 18.8%, net earnings $31.0M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $326M | +2% | +21% |
| Operating profit | $61.3M | -19% | +2% |
| Net earnings | $31.0M | -24% | +1% |
| Operating cash flow | $104M | +75% | +27% |
| Free cash flow | $93.9M | +117% | +23% |
What changed
Revenue was $325.6M in Q3 2026, up 21% year over year and up 2% from the previous quarter. Subscription revenue was the largest line at 56% of revenue. Subscription revenue added $46.3M year over year (up 34%), 81% of the total change.
Operating profit was $61.3M, a 18.8% margin (down 3.6 points year over year). Of the extra revenue versus Q3 2025, 2% reached operating profit, below the 22% margin then. Total costs grew 27% against revenue growth of 21%. The fastest-growing cost line was Research & development (+64%). Net earnings were $31.0M, up 1% year over year. The effective tax rate was 26.1%.
Operating cash flow was $103.9M (up 27% year over year), 335% of net earnings. Non-cash charges added back $41.5M of depreciation and amortization and $24.4M of share-based compensation. Working capital and other items added $6.9M. Capital expenditures of $9.9M left free cash flow of $93.9M.
Questions
What was Waystar Holding's revenue in the third quarter 2026?
Waystar Holding (WAY) reported revenue of $326M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +2% from the quarter before.
Was Waystar Holding profitable in the third quarter 2026?
Operating profit was $61.3M (18.8% of revenue) and net earnings $31.0M.
Source: Waystar Holding 10-Q on SEC EDGAR.