your badges 52W Range $17–$40 33% of range Analyst Rating BUY 28 analysts Price Target $34 +36% upside P/E 35.4 ROE 3.8% Net Profit Margin 11.2%

WAY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $24.81
Market Cap (MRQ) $4.76B
P/E (TTM) 35.4
EPS (TTM) $0.70
Revenue (TTM) $1.21B
ROE (TTM) 3.8%
Debt/Equity (MRQ) 0.4
52W Range $17–$40

WAY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.10B
2022-12-31 → 2025-12-31
EPS$0.61
2022-12-31 → 2025-12-31
Free Cash Flow$283M
2024-12-31 → 2025-12-31
Net margin11.2%
2024-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend WAY 5Y avg Peer Median Verdict
P/E (TTM) 35.4 · 35.6 Undervalued
P/S (TTM) 3.9 · 3.3 Fair value
P/B (MRQ) 1.2 · 2.9 Undervalued
EV / EBITDA 15.8 · · ·
Price / FCF (TTM) 19.3 · · ·
Price / Cash Flow (TTM) 16.3 · 13.8 Overvalued
EV / Revenue 5.6 · · ·
EV / FCF 21.8 · · ·
Price / Tangible Book (MRQ) 1.7 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 2.5%
Next Report Oct 27, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 12, 2026 $0.43 $0.40 7.4%
March 31, 2026 $0.42 $0.39 7.8%
Dec. 31, 2025 $0.36 $0.40 -9.5%
Sept. 30, 2025 $0.37 $0.35 4.4%
June 30, 2025 $0.36 $0.34 6.3%
March 31, 2025 $0.32 $0.32 -1.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 2025202420232022
Revenue $1.10B$944M$791M$705M
R&D Expense $55M$49M$35M$33M
SG&A Expense $129M$112M$63M$73M
Operating Expenses $850M$820M$649M$615M
Operating Income $249M$124M$142M$89M
Pretax Income $172M$-23M$-64M$-66M
Income Tax $60M$-3M$-12M$-14M
Net Income $112M$-19M$-51M$-51M
EPS (Basic) $0.63$-0.13$-0.42$-0.42
EPS (Diluted) $0.61$-0.13$-0.42$-0.42
Shares (Basic) 177,926,745149,915,839121,675,430121,684,771
Shares (Diluted) 184,783,285149,915,839121,675,430121,684,771
EBITDA $390M$310M··
Balance Sheet 25
Metric Trend 2025202420232022
Cash & Equivalents $61M$182M$36M$65M
Receivables $177M$145M$126M·
Prepaid Expense $20M$14M$13M·
Other Current Assets $3M$4M$30M·
Current Assets $308M$371M$222M·
Goodwill $4.02B$3.02B$3.03B$3.01B
Intangibles $1.29B$1.04B$1.19B·
Other Non-current Assets $8M$7M$7M·
Total Assets $5.79B$4.58B$4.58B·
Accounts Payable $51M$47M$45M·
Current Liabilities $218M$146M$123M·
Capital Leases $12M$13M$14M·
Deferred Tax $211M$101M$174M·
Other Non-current Liabilities $692.0K$278.0K$3M·
Total Liabilities $1.91B$1.50B$2.53B·
Long-term Debt $1.48B$1.24B$2.22B·
Total Debt $1.47B$1.23B··
Common Stock $2M$2M$1M·
Paid-in Capital $3.99B$3.30B$2.23B·
Retained Earnings $-109M$-221M$-202M·
Treasury Stock $0···
AOCI $-632.0K$881.0K$16M·
Stockholders' Equity $3.88B$3.08B$2.05B$2.11B
Liabilities + Equity $5.79B$4.58B$4.58B·
Shares Outstanding 191,587,193172,108,240121,679,902·
Cash Flow 17
Metric Trend 2025202420232022
D&A $141M$187M$176M$183M
Stock-based Comp $42M$54M$9M$8M
Deferred Tax $45M$-59M$-62M$-27M
Amort. of Intangibles $119M$148M$159M$168M
Other Non-cash $-30M$7M··
Operating Cash Flow $310M$170M$51M$103M
CapEx $26M$27M$22M$17M
Investing Cash Flow $-681M$-27M$-62M$-17M
Debt Issued $390M$576M$20M·
Net Debt Issued $238M$-1.01B··
Stock Issued ·$2M$425.0K$649.0K
Stock Repurchased $0$844.0K$688.0K$2M
Net Stock Activity $0$839.0K··
Financing Cash Flow $243M$17M$-17M$-67M
Net Change in Cash $-128M$159M$-27M·
Taxes Paid $32M$50M$50M$6M
Free Cash Flow $283M$142M··
Profitability 7
Metric Trend 2025202420232022
Operating Margin 22.7%13.1%··
Net Margin 10.2%-2.0%··
Pretax Margin 15.6%-2.4%··
EBITDA Margin 35.5%32.9%··
ROA 2.2%-0.42%··
ROE 3.2%-0.62%··
ROIC 3.0%2.4%··
Liquidity & Solvency 4
Metric Trend 2025202420232022
Current Ratio 1.42.5··
Quick Ratio 1.12.2··
Debt / Equity 0.40.4··
LT Debt / Equity 0.40.4··
Efficiency 2
Metric Trend 2025202420232022
Asset Turnover 0.20.2··
Receivables Turnover 6.87.0··
Per Share 5
Metric Trend 2025202420232022
Book Value / Share $20.25$17.89··
Revenue / Share $5.95$6.29··
Cash Flow / Share $1.68$1.13··
Cash / Share $0.32$1.06··
EPS (TTM) $0.61$-0.13··
Growth Rates 2
Metric Trend 2025202420232022
Revenue YoY 16.5%19.3%12.2%·
Revenue CAGR 3Y 16.0%···
Valuation (TTM) 13
Metric Trend 2025202420232022
Revenue TTM $1.10B$944M··
Net Income TTM $112M$-19M··
Market Cap $6.27B$6.32B··
Enterprise Value $7.69B$7.37B··
P/E 53.7-282.3··
P/S 5.76.7··
P/B 1.62.1··
P / Cash Flow 20.337.2··
P / FCF 22.244.3··
EV / EBITDA 19.723.7··
EV / FCF 27.151.7··
EV / Revenue 7.07.8··
Earnings Yield 1.9%-0.35%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-31
Revenue $1.10B $944M $791M $705M
Operating Margin % 22.7% 13.1% · ·
Net Income $112M $-19M $-51M $-51M
Diluted EPS $0.61 $-0.13 $-0.42 $-0.42

Institutional owners (13F) 334 filers · $4.7B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 334
Value held $4.7B
New positions 68
Exited positions 71
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
68 (-21 vs prior Q) 71 (+7 vs prior Q) 122 (+3 vs prior Q) 91 (+3 vs prior Q) +4.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
EQT Fund Management S.a r.l. $510,774,842 24,879,437 10.89% Shares
VANGUARD GROUP INC $403,836,060 12,330,872 8.61% Shares
CANADA PENSION PLAN INVESTMENT BOARD $390,592,530 19,025,452 8.33% Shares
BlackRock, Inc. $357,950,123 17,435,466 7.63% Shares
FMR LLC $308,885,481 15,045,567 6.59% Shares
Bain Capital Investors LLC $271,889,856 13,243,539 5.80% Shares
Advent International, L.P. $227,059,726 11,059,899 4.84% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $136,037,179 6,626,263 2.90% Shares
GOLDENTREE ASSET MANAGEMENT LP $126,275,710 6,160,110 2.69% Shares
VANGUARD CAPITAL MANAGEMENT LLC $106,765,444 5,200,460 2.28% Shares
BANK OF MONTREAL /CAN/ $106,538,094 5,189,386 2.27% Shares
STATE STREET CORP $93,865,377 4,572,108 2.00% Shares
Artisan Partners Limited Partnership $75,535,030 3,679,251 1.61% Shares
MILLENNIUM MANAGEMENT LLC $74,982,848 3,652,355 1.60% Shares
NEUBERGER BERMAN GROUP LLC $74,610,331 3,634,210 1.59% Shares
GEODE CAPITAL MANAGEMENT, LLC $63,421,218 3,088,690 1.35% Shares
UBS Group AG $59,216,712 2,884,399 1.26% Shares
DIMENSIONAL FUND ADVISORS LP $54,619,583 2,660,854 1.16% Shares
BANK OF AMERICA CORP /DE/ $53,031,432 2,583,119 1.13% Shares
JANUS HENDERSON GROUP PLC $48,005,191 1,991,050 1.02% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $46,713,018 2,275,354 1.00% Shares
Diamond Hill Capital Management, LLC (Investment Advisor) $43,314,050 2,109,793 0.92% Shares
MORGAN STANLEY $40,781,892 1,986,453 0.87% Shares
BAMCO INC /NY/ $36,699,428 1,787,600 0.78% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $33,472,338 1,630,411 0.71% Shares
OBERWEIS ASSET MANAGEMENT INC/ $32,629,643 1,589,364 0.70% Shares
Clarkston Capital Partners, LLC $32,030,701 1,560,190 0.68% Shares
Greenvale Capital LLP $30,795,000 1,500,000 0.66% Shares
Capital Research Global Investors $30,082,588 1,465,299 0.64% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $26,318,310 1,281,944 0.56% Shares
NORTHERN TRUST CORP $25,985,334 1,265,725 0.55% Shares
AVENIR CORP $23,501,040 1,144,717 0.50% Shares
JPMORGAN CHASE & CO $21,677,302 1,078,601 0.46% Shares
ALTA FOX CAPITAL MANAGEMENT, LLC $21,330,670 1,039,000 0.45% Shares
PointState Capital LP $21,156,206 1,030,502 0.45% Shares
Select Equity Group, L.P. $20,600,151 1,003,417 0.44% Shares
Blue Door Asset Management, LLC $19,996,220 974,000 0.43% Shares
Sio Capital Management, LLC $19,007,372 925,834 0.41% Shares
CITIGROUP INC $18,664,808 909,148 0.40% Shares
BAIN CAPITAL VENTURE INVESTORS, LLC $18,127,271 882,965 0.39% Shares
GOLDMAN SACHS GROUP INC $18,069,932 880,172 0.39% Shares
Sunriver Management LLC $17,553,150 855,000 0.37% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $17,419,704 848,499 0.37% Shares
PRINCIPAL FINANCIAL GROUP INC $17,349,944 845,102 0.37% Shares
WELLINGTON MANAGEMENT GROUP LLP $16,290,165 793,481 0.35% Shares
Bank of New York Mellon Corp $15,701,672 764,816 0.33% Shares
VANGUARD FIDUCIARY TRUST CO $15,633,267 761,484 0.33% Shares
LOOMIS SAYLES & CO L P $13,614,593 663,156 0.29% Shares
Balyasny Asset Management L.P. $13,470,513 656,138 0.29% Shares
Longaeva Partners L.P. $12,969,396 631,729 0.28% Shares

Show all 334 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
ADVENT INTERNATIONAL, L.P., Advent International GP, LLC, AIO Holdings L.P. Oct. 3, 2025 5.80% Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 21 insiders · 13 officers · 9 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Matthew J. Hawkins Chief Executive Officer Sept. 2, 2026 M 1,804,794 0 6 $-5,828,106
Alpana Wegner Chief Financial Officer July 24, 2026 A 162,112 0 0 $0
Steven M Oreskovich Chief Financial Officer June 9, 2026 F 424,200 0 0 $0
Craig T. Bridge Chief Transformation Officer Sept. 1, 2026 F 833,234 0 0 $0
Gregory R Packer Chief Legal officer Sept. 1, 2026 F 418,255 0 0 $0
Amit Khanna Chief Prod. & Tech. Officer Aug. 17, 2026 A 390,625 0 0 $0
Todd Charles Woods Chief Commercial Officer Aug. 1, 2026 A 220,506 0 0 $0
Kimberly S. Wittman Chief People Officer June 9, 2026 F 270,233 0 0 $0
Christopher L. Schremser Chief Technology Officer June 9, 2026 F 495,033 0 3 $-885,927
Melissa F. (Missy) Miller Chief Marketing Officer June 9, 2026 F 252,077 0 1 $-125,800
William Chan Chief Product & AI Officer March 9, 2026 A 1,580,812 0 0 $0
Iii Eric L. (Ric) Sinclair Chief Business Officer Jan. 20, 2026 M 474,826 0 4 $-2,228,864
Matthew R. A. Heiman Title: Chief Legal & Administrative Officer. June 6, 2024 A 86,956 0 0 $0
Aashima Gupta Director June 3, 2026 A 15,580 0 0 $0
Robert Demichiei Director June 3, 2026 A 47,342 0 0 $0
Vivian E. Riefberg Director June 3, 2026 A 24,275 0 0 $0
Michael F Roman Director June 3, 2026 A 15,580 0 0 $0
Priscilla Hung Director June 3, 2026 A 24,275 0 0 $0
John Patrick Driscoll Director June 3, 2026 A 101,203 0 0 $0
Heidi Miller Director June 3, 2026 A 42,060 1 0 $189,000
Paul G Moskowitz Director Sept. 12, 2025 J 13,243,539 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 42 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PSCH · Invesco Exchange-Traded Fund Trust … 1.67% 114,801 SH Oct. 2, 2026 Daily
CAFG · Pacer Funds Trust 0.42% 6,041 NS July 31, 2026 N-PORT
RZG · Invesco Exchange-Traded Fund Trust 0.39% 18,556 SH Oct. 2, 2026 Daily
IHF · iShares Trust 0.39% 220,956 SH Sept. 11, 2026 Daily
FFSM · FIDELITY COVINGTON TRUST 0.35% 247,392 NS July 31, 2026 N-PORT
VIOG · VANGUARD ADMIRAL FUNDS 0.26% 136,987 SH Aug. 19, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.20% 80,721 SH Aug. 19, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.15% 98,131 SH Aug. 19, 2026 Daily
VIOO · VANGUARD ADMIRAL FUNDS 0.13% 402,720 SH Aug. 19, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.13% 131,113 SH Oct. 2, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 34,067 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.12% 451,372 NS July 31, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.11% 4,699 NS July 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.11% 37,130 NS July 31, 2026 N-PORT
ISCG · iShares Trust 0.10% 43,095 SH Sept. 11, 2026 Daily
IWM · iShares Trust 0.08% 2,868,298 SH Sept. 11, 2026 Daily
RWJ · Invesco Exchange-Traded Fund Trust … 0.08% 64,442 SH Oct. 2, 2026 Daily
RSSL · Global X Funds 0.08% 53,599 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.07% 644,105 SH Aug. 19, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.06% 1,525,895 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.05% 66,693 SH Sept. 11, 2026 Daily
DFAS · Dimensional ETF Trust 0.05% 394,847 NS July 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.04% 10,004 NS July 31, 2026 N-PORT
FHLC · FIDELITY COVINGTON TRUST 0.04% 55,172 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.03% 33,496 NS July 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.03% 1,323,565 SH Aug. 19, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.03% 2,632,309 SH Aug. 19, 2026 Daily
VHT · VANGUARD WORLD FUND 0.03% 345,269 SH Aug. 19, 2026 Daily
WSML · iShares Trust 0.02% 6,978 SH Sept. 11, 2026 Daily
DFAT · Dimensional ETF Trust 0.01% 54,841 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 147,439 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.00% 29,966 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 3,669,521 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 90,847 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 9,342 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.00% 24,679 SH Aug. 19, 2026 Daily
IJR · iShares Trust · 7,020,924 SH Sept. 10, 2026 Daily
IJT · iShares Trust · 1,088,817 SH Sept. 9, 2026 Daily
IWN · iShares Trust · 1,052,559 SH Sept. 11, 2026 Daily
SVAL · iShares Trust · 28,445 SH Sept. 3, 2026 Daily
ISCB · iShares Trust · 6,156 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 67,398 SH Sept. 11, 2026 Daily

WAY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 28 analysts BUY
Median target $33.00 +33.0%
8 28.6% Strong Buy
18 64.3% Buy
2 7.1% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

22 analysts · 2026-10-03

Mean target $33.68 +35.8%

← Below all targets Current price $24.81
Low$28.00 Mean$33.68 High$44.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
WAY $6.27B 53.7 16.5% 10.2% 3.2% ·
VEEV $33.40B 37.5 16.3% 28.4% 13.1% 75.5%
DOCS $4.27B 23.8 13.1% 30.4% 19.2% 89.1%
HTFL $2.49B -9.2 39.9% -66.3% 39.3% 76.8%
SDGR · -12.7 23.3% -40.4% -29.2% 55.7%
CERT $1.40B -881.0 8.8% -0.38% -0.15% ·
GDRX · 30.1 0.57% 3.8% 4.8% ·
TDOC $1.25B -6.1 -1.5% -7.9% -14.3% ·
HSTM $682M 37.8 4.3% 6.0% 5.2% ·
PHR · 335.8 14.5% 0.48% 0.73% ·

Latest News Recent headlines mentioning this company

23
Waystar Holding Corp. (WAY) Plummeted Amid Fears Around AI Disruption Yahoo Finance · 4 months, 1 week ago Waystar Holding (WAY) Reports Q1 Adjusted EPS Above Estimates Yahoo Finance · 4 months, 3 weeks ago

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25
RANGE Stopped out Mar 31
risk 1 reward 4.79
entry $23.35 R:R 4.79

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

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Source: SEC 10-Q filed Jul 29, 2026