Waystar Holding Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $112.1M | $-19.1M | $-51.3M | $-51.5M |
| Depreciation & Amortization | $140.5M | $186.6M | $176.5M | $183.2M |
| Depreciation | $21.9M | $38.7M | $17.1M | $15.7M |
| Amortization | $118.6M | $147.9M | $159.4M | $167.5M |
| Stock-Based Compensation | $42.1M | $54.4M | $8.8M | $8.0M |
| Net Cash from Operating Activities | $309.7M | $169.8M | $51.5M | $102.6M |
| Investing Activities | ||||
| Capital Expenditures | $26.5M | $27.3M | $21.5M | $17.4M |
| Business Acquisitions | $629.5M | $0 | $40.0M | — |
| Net Cash from Investing Activities | $-680.9M | $-27.3M | $-61.5M | $-17.4M |
| Financing Activities | ||||
| Dividends Paid | — | — | — | — |
| Stock Repurchases | $0 | $844.0K | $688.0K | $2.5M |
| Net Cash from Financing Activities | $243.5M | $16.7M | $-17.2M | $-67.1M |
| Net Change in Cash | $-127.8M | $159.2M | $-27.2M | — |
| Free Cash Flow | $283.2M | $142.5M | $29.9M | $85.2M |