Waystar Holding Corp.(WAY) - 2025 Q2 - Earnings Call Presentation

Financial Performance Highlights - Waystar achieved a revenue growth of 15% in 2Q'25 compared to 2Q'24[11] - Adjusted EBITDA grew by 20% year-over-year in 2Q'25[11] - The Adjusted EBITDA margin was 42% in 2Q'25[11] - Unlevered free cash flow reached $111 million[12] Client and Revenue Retention - There was a 14% year-over-year growth in clients with over $100,000 in TTM (Trailing Twelve Months) revenue[12] - Net revenue retention was 115% for the twelve months ended June 30, 2025[12] Debt and Leverage - Over $1 billion in debt was paid in 2024, reducing annual interest by over $100 million[28] - The adjusted net leverage ratio was 22x at the end of 2Q'25[28] Guidance and Future Outlook - The company raised its FY'25 revenue guidance by $22 million at the midpoint[35] - The company raised its FY'25 adjusted EBITDA guidance by $12 million at the midpoint[35]