Waystar Holding Corp. reported its financial results for the third quarter ended September 30, 2024, on November 6, 2024, demonstrating strong top-line growth. The company's revenue reached $240 million, marking a 22% increase year-over-year, which represented an acceleration from the previous quarter's 20% growth.
For the quarter, Waystar achieved a net income of $5.4 million and a non-GAAP net income of $25.3 million. The adjusted EBITDA margin stood at 40%, aligning with the company's profitability targets.
Matt Hawkins, Chief Executive Officer of Waystar, emphasized the company's continued investment in AI-driven automation across its cloud-based software platform. This strategic focus aims to drive tangible client return on investment as providers prioritize faster and more efficient payment solutions.
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