Waystar Reports Third Quarter 2026 Results

According to StockTitan, Waystar (Nasdaq: WAY) reported third-quarter 2026 revenue of $325.6 million, up 21% year over year[2]. The outlet reports that net income was $31.0 million versus $30.6 million a year earlier, while diluted earnings per share fell to $0.16 from $0.17.[2]StockTitan also reports that adjusted EBITDA, a non-GAAP earnings measure, reached $139.3 million, with a 43% margin[2], and that subscription revenue rose 34%, and net revenue retention was 108%.[2]Investing.com says the stock dropped because investors focused on softer near-term revenue growth expectations and a slower conversion of bookings into recognized sales.[1] The outlet adds that Waystar raised full-year adjusted EBITDA guidance, but trimmed the implied pace of revenue growth for the fourth quarter.[1]According to TradingKey's call transcript, Waystar projects full-year revenue at $1.277 billion to $1.287 billion, while adjusted EBITDA is raised to $543 million to $549 million.[3] Management said "we are seeing lower levels of revenue from Iodine than previously anticipated in full year 2026."[4]Investing.com reports that AI-powered offerings made up 43% of third-quarter bookings[1]. According to Benzinga's transcript, management said Iodine bookings exceeded "our year‑to‑date plan by 74%."[4]