Waystar (WAY) reported second-quarter 2026 revenue of $319.7 million, up 18% year over year. Net income was $40.9 million, or $0.21 per diluted share, with a net income margin of 13%.
The healthcare payment software provider also raised its 2026 revenue and adjusted EBITDA guidance. Waystar said second-quarter adjusted EBITDA was $136.7 million, with an adjusted EBITDA margin of 43%.
- Second-quarter revenue was $319.7 million, compared with $270.7 million a year earlier.
- Net income was $40.9 million, compared with $32.2 million in the prior-year period.
- GAAP diluted EPS was $0.21, compared with $0.18 a year earlier.
- Subscription revenue was $176.3 million, up 34% year over year.
- Volume-based revenue was $142.1 million, up 3% year over year.
- Full-year 2026 revenue guidance is $1.276 billion to $1.294 billion.
- Full-year 2026 adjusted EBITDA guidance is $535 million to $545 million.
$WAY Insider Trading Activity
$WAY insiders have traded $WAY stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $WAY stock by insiders over the last 6 months:
- MATTHEW J. HAWKINS (Chief Executive Officer) has made 0 purchases and 2 sales selling 70,000 shares for an estimated $1,613,976.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WAY Hedge Fund Activity
We have seen 179 institutional investors add shares of $WAY stock to their portfolio, and 150 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDENTREE ASSET MANAGEMENT LP added 4,443,671 shares (+inf%) to their portfolio in Q1 2026, for an estimated $107,136,907
- BANK OF MONTREAL /CAN/ added 3,447,019 shares (+51157.9%) to their portfolio in Q1 2026, for an estimated $83,107,628
- RTW INVESTMENTS, LP added 1,630,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $39,299,300
- DIAMOND HILL CAPITAL MANAGEMENT INC added 1,603,517 shares (+inf%) to their portfolio in Q1 2026, for an estimated $38,660,794
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,582,658 shares (+inf%) to their portfolio in Q1 2026, for an estimated $38,157,884
- VOYA INVESTMENT MANAGEMENT LLC removed 1,558,545 shares (-97.1%) from their portfolio in Q1 2026, for an estimated $37,576,519
- ARTISAN PARTNERS LIMITED PARTNERSHIP added 1,243,858 shares (+39.3%) to their portfolio in Q1 2026, for an estimated $29,989,416
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
