Waystar Holding Corp. reported its financial results for the second quarter ended June 30, 2025, on July 30, 2025, showcasing strong performance. The company's revenue grew 15% year-over-year, reaching $271 million, driven by AI-powered innovations and client relationships.
For the quarter, Waystar achieved a net income of $32.2 million and a non-GAAP net income of $65.7 million. The net income margin was 12%, and the adjusted EBITDA margin stood at 42%, reflecting continued profitability.
Based on its execution and momentum, Waystar raised its full-year 2025 revenue and adjusted EBITDA guidance for the second time this year. CEO Matt Hawkins also highlighted the recently announced agreement to acquire Iodine Software, which is expected to expand Waystar's total addressable market and be accretive to its financial profile.
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