Waystar Q3 revenue rises 22% to $240.1 million; net income $5.4 million
Waystar reported third-quarter 2024 results for the period ended September 30, 2024, with revenue of $240.1 million, up 22% from $197.3 million a year earlier. The company swung to GAAP net income of $5.4 million from a net loss of $15.5 million in the same quarter of 2023. It also issued full-year 2024 guidance of $926 million to $934 million in revenue and $374 million to $378 million in Adjusted EBITDA, which shareholders can compare with future results.
Key points
- Revenue of $240.1 million, up 22% year over year; subscription revenue $118.0 million and volume-based revenue $120.7 million
- GAAP net income of $5.4 million, or $0.03 per diluted share, versus a loss of $0.13 per share a year earlier
- Non-GAAP net income of $25.3 million, or $0.14 per diluted share; Adjusted EBITDA of $96.7 million, a 40% margin
- Full-year 2024 guidance: revenue of $926 million to $934 million; Adjusted EBITDA of $374 million to $378 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.