Event-Driven Stocks

Waystar Holding Corp.

WAYNasdaq

Technology · Services-Computer Integrated Systems Design · DE · SEC filings ↗ · Compare ⊕

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Signs● 5 good● 1 warningdetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22
Revenue$1.10B$943.5M$791.0M$704.9M
Operating income$249.3M$123.7M$142.1M$89.5M
Net income$112.1M−$19.1M−$51.3M−$51.5M
Total assets$5.79B$4.58B$4.58B—
Total liabilities$1.91B$1.50B$2.53B—
Equity$3.88B$3.08B$2.05B$2.11B
EPS (diluted)$0.61$-0.13$-0.42$-0.42
Shares out.172.2M172.1M121.7M121.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
22.7%
Net margin
10.2%
Return on equity
2.9%
Return on assets
1.9%
Return on capital (ROCE)
4.5%
Liabilities / assets
33.0%
Debt / equity
0.49×
Book value / share
$22.53
Revenue growth (YoY)
16.5%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
2.47grey zone
Accruals / assets
−3.4%clean
Piotroski F-Score
5/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
88
/ 100
Profitability 100Growth 100Catalyst 67Earnings quality 100Financial strength 75

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 1 warning● 5 good
  • Altman Z″ in the grey zone
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202612.9M4.9+15.7%
Apr 30, 202611.2M3.9+9.5%
Apr 15, 202610.2M4.6-7.3%
Mar 31, 202611.0M4.7+2.1%
Mar 13, 202610.8M5.1-8.2%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.