Waystar Holding Corp. (WAY) Spending and interest coverage
- R&D / revenue · 12 months: Value 5.56%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 4.07%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 5.56% | Research and development expense / revenue. Period ending 2026-06-30. $67.01M ÷ $1.21B × 100 ≈ 5.56% |
| Stock-based compensation / revenue · 12 months | 4.07% | Share-based compensation / revenue. Period ending 2026-06-30. $49.04M ÷ $1.21B × 100 ≈ 4.07% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 67.01M USD | Research and Development Expense |
| Revenue | 1.21B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 49.04M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 275.76M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $67.01M | $1.21B | $49.04M | $275.76M | (m) | 5.56% | 4.07% | (m) | (m) |
| 2026-03-31 | $61.91M | $1.16B | $46.77M | $264.56M | (m) | 5.35% | 4.04% | (m) | (m) |
| 2025-12-31 | $54.62M | $1.10B | $42.07M | $249.31M | (m) | 4.97% | 3.83% | (m) | (m) |
| 2025-09-30 | $47.58M | $1.04B | $36.91M | $243.43M | (m) | 4.58% | 3.55% | (m) | (m) |
| 2025-06-30 | $46.25M | $1.01B | $33.21M | $210.34M | (m) | 4.57% | 3.28% | (m) | (m) |
| 2025-03-31 | $49.53M | $975.19M | $58.65M | $153.74M | (m) | 5.08% | 6.01% | (m) | (m) |
| 2024-12-31 | $48.77M | $943.55M | $54.44M | $123.72M | (m) | 5.17% | 5.77% | (m) | (m) |
| 2024-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | $35.33M | $791.01M | $8.85M | $142.08M | (m) | 4.47% | 1.12% | (m) | (m) |
| 2023-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2023-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | $32.81M | $704.87M | $8.00M | $89.45M | (m) | 4.65% | 1.14% | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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