Waystar Holding Corp. reported strong financial results for the fourth quarter and full year ended December 31, 2024, on February 18, 2025. Fiscal year 2024 revenue reached $944 million, representing a 19% increase year-over-year, while fourth-quarter revenue grew 18% year-over-year.
For the fourth quarter, Waystar reported a net income of $19.1 million and a non-GAAP net income of $52.1 million, with an adjusted EBITDA margin of 41%. The fiscal year 2024 net loss improved by 62.7% year-over-year to $19.1 million, and adjusted EBITDA for the full year was $383 million, up 15% year-over-year.
Matt Hawkins, Chief Executive Officer, expressed satisfaction with the results, stating they exceeded expectations and reflected successful execution of strategic priorities. The company also provided guidance for its full fiscal year 2025, anticipating continued solid revenue growth and compelling adjusted EBITDA margins.
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