Stock Ratings / Technology / WAY / earnings

APLD (37) PSN (58) BILI (53) PEGA (71) ⌘ Pro Terminal →

Waystar Holding Corp. (WAY) Next Earnings Date & Expected ±7.4% Move

$28.00 -0.74% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $27.91

Waystar Holding Corp. (WAY) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY) →

ROARABLE C • HOLD / WATCH Cap $5.37B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on WAY Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is WAY stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Waystar Holding Corp. (NASDAQ: WAY) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $28.00 (-0.74% 1D, market cap $5.37B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 14/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 12/20. Across 714 tracked Technology issuers, WAY ranks #167 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does WAY compare to APLD and PSN in the Technology sector?

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Within the Technology sector (EDP Services), WAY carries a Roarable C (63/100 RQD), trailing P/E of 48.3x, gross margin of —, and ROIC of 3.7%. By comparison, APLD (Applied Digital Corporation) holds a D- grade (37/100 RQD, P/E N/A, ROIC -21.7%, cap $5.39B) and PSN (Parsons Corporation) posts a D+ grade (58/100 RQD, P/E 21.6x, ROIC 9.7%, cap $5.35B). Among the 5-stock peer group, PEGA leads on earnings multiple (14.2x) while PEGA leads on capital efficiency (22.4% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for WAY?

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Per WAY's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001990354), Waystar Holding Corp. generated $1.10B in revenue (+16.5% YoY), $112.1M in net income, and $260.2M in free cash flow against $5.79B in total assets and $1.46B in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Priced at 48x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $27.91 (-0.32%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 23.7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+2.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for WAY)Realized 20D OHLCV Swing Band: ±7.4%

Deterministic 5-Pillar Attribution (63/100 Composite)

🔍 WHY WAY SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+14/20 pts (22% of score)

20D Institutional Volume Accumulation (±7.4% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (21% of score)

Altman Z-Score 2.03 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 9/9

▼ #1 Drag / Risk Factor: Cash Engine Quality11/20 pts (-9 pt drag)

Capital intensity & 22.7% operating margin leave 9 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$26.87+7.3% Next Q

Q2 (-2Q)

Grade C$28.84+0.3% Next Q

Q3 (-1Q)

Grade C$28.92-3.2% Next Q

Current

Grade C$28.00+0.9% Hist 90D α

Trajectory: C (55) → C (63)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the WAY Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, WAY faces multiple-compression risk if 48.3x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Priced at 48x earnings—high expectations leave less room for a lukewarm quarter.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($26.36) or 200D SMA ($23.86) invalidates the momentum regime and cuts Target Base ($28.63) toward Bear Floor ($22.33).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $WAY• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “WAY Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 63%NO 37%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 30, 2026 (~57 DAYS)

Historical OHLCV Volatility ±7.4% Swing Band

±$2.07 Expected Swing

MODEL EARNINGS SETUP GAUGE

WAY Quantitative Pre-Earnings Setup: 63/100

Trailing EPS: $0.58 • YoY Revenue Growth: 16.5%

Model Bullish Setup (63/100)Model Risk Weight (37/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-12-31	$1.10B	$112.1M	$260.2M	52%
FY 2024	2024-12-31	$943.5M	-$19.1M	$127.3M	52%
FY 2023	2023-12-31	$791.0M	-$51.3M	$15.9M	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Options & Swing Structure Desk

Whale Flow & Momentum Playbook: Evaluating WAY & AI Leaders Without Chasing Tops

✓Institutional whale strikes & implied earnings move audit on WAY
✓How disciplined traders manage risk using pre-published trigger & invalidation levels
✓Includes nightly RQD rating-change & forensic signal email alerts on tracked leaders

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

WAY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +34.10%▲ ASCENDING CHANNEL

2026-11-03O $28.21H $28.21L $28.00C $28.00VOL 1.26M

RES: $29.81SUP: $26.73SMA50: $26.36SMA200: $23.86

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

WAY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 WAY Butterfly Map → + Track WAY →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

35.4%/yr Implied 5Y Growth

vs. +16.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on WAY today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for WAY. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for WAY today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (WAY)

Technology Rank #167 of 714 ⚔️ APLD vs WAY Full Matrix →

1. Head-to-Head Technology Peer Comparison (WAY vs. APLD, PSN, BILI, PEGA)

Industry: EDP Services (163 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Waystar Holding Corp. (WAY) ranks #167 by composite RQD confidence (63/100, grade C) and #208 by equity capitalization ($5.37B). Within this direct 5-issuer industry benchmark cohort, PEGA leads on earnings valuation at 14.2x trailing P/E, while PEGA leads on capital efficiency and profitability with 22.4% ROIC and 75.9% gross margin. PEGA currently holds the highest overall quantitative score in the immediate peer group at 71/100 (B-) compared with WAY at 63/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
WAY ACTIVE Waystar Holding Corp.	C	63/100	48.3x	—	3.7%	-0.74%	$5.37B	Benchmark Subject
APLD Applied Digital Corporation	D-	37/100	—	35.1%	-21.7%	-8.22%	$5.39B	/apld-vs-way →
PSN Parsons Corporation	D+	58/100	21.6x	22.5%	9.7%	+2.76%	$5.35B	/psn-vs-way →
BILI Bilibili Inc.	D+	53/100	31.4x	36.6%	10.9%	-1.48%	$5.28B	/bili-vs-way →
PEGA Pegasystems Inc.	B-	71/100	14.2x	75.9%	22.4%	-0.53%	$5.55B	/pega-vs-way →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001990354

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Waystar Holding Corp. (WAY) reported GAAP revenue of $1.10B (+16.5% vs. FY2024 revenue of $943.5M , and +39.0% cumulative change since FY2023) , GAAP net income of $112.1M, operating cash flow of $309.7M, and free cash flow of $260.2M (+104.4% YoY). On the balance sheet, WAY closed FY2025 with $5.79B in total assets against $1.46B in total debt (Altman Z-Score: 2.03, Piotroski F-Score: 9/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.10B	$112.1M	$309.7M	$260.2M	$5.79B	$1.46B
FY2024 (FY)	2024-12-31	$943.5M	-$19.1M	$169.8M	$127.3M	$4.58B	$1.22B
FY2023 (FY)	2023-12-31	$791.0M	-$51.3M	$51.5M	$15.9M	$2.98B	$696.2M

3. WAY Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is WAY stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does WAY compare to APLD and PSN in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for WAY?

Where is WAY trading relative to its 50-day, 200-day, and 52-week technical levels?

WAY last traded at $28.00 (-0.74% on volume of 1,263,954 shares), positioning the stock +6.22% above its 50-day simple moving average ($26.36) and +17.35% above its 200-day simple moving average ($23.86). Across its 52-week range of $17.26 to $37.71, WAY sits at the 52.5% percentile with a 14-day RSI of 54.7 (NEUTRAL RANGE) and an implied next-earnings move of ±7.4% ($25.93 to $30.07).

WAY Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is WAY's next earnings date?

Based on SEC filing cadence, Waystar Holding Corp. (WAY)'s next quarterly reporting window is estimated around Dec 30, 2026.

How much is WAY stock expected to move on earnings?

Volatility modeling currently projects a ±7.4% event move for WAY, spanning a range between $25.93 and $30.07.

Direct Sub-Reports: WAY RQD Cockpit WAY 12M Forecast WAY Earnings & Move WAY Dividends & DRIP WAY Insiders & 13F WAY Whale Options WAY Profit Sankey WAY News & Why

ROARABLE RATING BRIEF • RQD 63/100 (C) ✓ STAGE-C NUMBER FIREWALL VERIFIED

WAY — Waystar Holding Corp.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:20:18Z

Roarable Rating Brief: What This Means to a Prospective Investor

The Roarable RQD rating is 64 out of 100, graded C, with the verdict "Roarable Hold — Fair / Balanced Risk-Reward," per the Roarable RQD rating. The five pillars are:

Fundamental Cash Engine: 11 / 20. The pillar cites ROIC of 3.7% and FCF yield of 4.81%. Against a P/E (TTM) of 48.3, the market is paying a high multiple for limited current returns on capital. Investors are essentially pricing in future growth in earnings and cash flow rather than paying for present profitability.
Whale 13F Flow: 15 / 20. The pillar describes institutional accumulation and options positioning. This is one of the stronger pillars and suggests sophisticated holders have been building positions, though the underlying 13F detail is not itemized in the source data.
Insider Conviction: 12 / 20. The pillar references SEC Form 4 and Congressional PTR cluster flow. The score is middling, indicating insider activity is not a decisive signal in either direction.
Macro Regime Fit: 13 / 20. Beta is 1.39, per the market data, and the pillar notes sector sensitivity. For a prospective investor, this means the stock tends to move more than the broad market in both directions, so drawdowns in risk-off regimes can be amplified.
Forensic Balance Sheet: 13 / 20. Per the Roarable RQD rating, Altman Z is 2.03, Piotroski F is 9/9, and Debt/Equity is 0.38. The Piotroski reading is strong, while the Altman reading sits in a range that merits monitoring rather than signaling distress.

Taken together, the investment case rests on a tension: strong balance-sheet and institutional signals against a valuation (P/E TTM 48.3, Forward P/E 40.6, EV/EBITDA 23.4) that leaves little margin for execution error. Upside depends on earnings and cash-flow growth catching up to the price; the downside is a re-rating if growth disappoints. The verdict of "Hold" reflects this balance rather than a directional call.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
28.21	$5.41B	48.3	40.6	23.4	0.58	0%	1.39	$17.26 - $37.71	3.7%

Business

Waystar Holding Corp. is a NASDAQ-listed issuer classified under the Technology sector and EDP Services industry, per the company profile. The source data does not describe its products, customers, or revenue model. Operating margin is reported at 22.7% and net margin at 10.2%, per the market data. Gross margin is reported as 0%, which is not explained in the source data.

Recent Catalysts & News Wire Analysis

Per the recent news wire, the headlines are:

A Yahoo Finance report framing the stock as reasonable given its cash-flow upside (YELLOW).
A Motley Fool how-to-buy piece (YELLOW).
A ChartMill report describing a technical breakout setup (YELLOW).
A MarketBeat report on a position cut by Fort Washington Investment Advisors Inc. OH (RED, RISK WATCH).
A Globe and Mail analyst-insights piece covering WAY alongside other NA companies (YELLOW).
A Stock Titan report that the product and AI chief paid vesting taxes via 9,560 shares withheld (YELLOW).

The one RED-flagged item is the reported institutional position reduction. The remaining items are yellow-flagged market commentary. The Butterfly Supply-Chain Graph contains no proprietary signals.

Open Questions

What is the company's product line, customer base, and revenue model, given that the source data does not describe the business?
What explains the gap between the 0% reported gross margin and the 22.7% operating margin?
What are the EPS figures for FY 2023 through FY 2025, which are reported as N/A?
What drove the increase in debt from $696.2M to $1458.7M, and what are the maturity and interest terms?
Which institutional holder reduced its position, and what are the size and timing of the reported 13F changes?

WAY Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Waystar Holding Corp. (WAY) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to WAY Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 17h ago

Waystar (WAY) Stock Could Be Reasonable Given Its Cash Flow Upside

Yahoo Finance report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Motley Fool • 20h ago

How to Buy Waystar Holding Corp. Stock (WAY)

The Motley Fool report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE ChartMill • 23h ago

Waystar Holding (NASDAQ:WAY) Builds a High-Quality Technical Breakout Setup

ChartMill report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

Waystar Holding Corp. $WAY Stock Position Cut by Fort Washington Investment Advisors Inc. OH

MarketBeat report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Globe and Mail • 1d ago

Analysts Offer Insights on NA Companies: eToro (ETOR), Waystar Holding Corp. (WAY) and FMC (FMC)

The Globe and Mail report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Waystar (WAY) product and AI chief William Chan pays vesting taxes with 9,560 shares withheld.

Stock Titan report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Simply Wall St • 1d ago

Should Payer Recoupment Risks Require Action From Waystar Stock Investors?

Simply Wall St report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Waystar Holding Corp. (WAY) Stock Forecasts

Yahoo Finance report covering Waystar Holding Corp. (WAY) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

WAY Bull vs. Bear Conversation Board — What's Your Call at $28.00?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON WAY 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $30.47 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is WAY (C • RQD 64/100) a Buy at $28.21?

Welcome to the WAY (Waystar Holding Corp.) Roar Pit. Current RQD Composite is 64/100 (Roarable Hold — Fair / Balanced Risk-Reward) in EDP Services. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (48.3x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

RI RiskArb_Desk Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $22.00 (-22.0%)

Spot @ $28.21

Pump the brakes on WAY — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on WAY, but look at what you are paying: 48.3x trailing P/E with tightening sector spreads. Unless Waystar Holding Corp. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

DE DeltaGamma_99 Verified K Arena Trader 🐂 BULLISH 🎯 Target: $32.44 (+15.0%)

Spot @ $28.21

WAY cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on WAY, the market is fixating on short-term headline noise in EDP Services and ignoring the balance sheet and cash flow trajectory. At $28.21 (52-wk range $17.26 - $37.71), any beat on forward guidance forces shorts and underweight funds to chase.