Quick Answer
Waystar Holding Corp. reported R&D Expense of $54.62 million for fiscal year 2025.
Waystar Holding Corp. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $54.62M | +12.0% |
| 2024 | $48.77M | +38.0% |
| 2023 | $35.33M | +7.7% |
| 2022 | $32.81M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $12.40M | +11.9% | -1.7% |
| June 30, 2025 | $12.62M | -20.6% | +13.9% |
| March 31, 2025 | $11.08M | +7.3% | -0.0% |
| September 30, 2024 | $11.08M | +23.5% | -30.3% |
| June 30, 2024 | $15.90M | +92.8% | +54.1% |
| March 31, 2024 | $10.32M | — | +15.0% |
| September 30, 2023 | $8.97M | — | +8.8% |
| June 30, 2023 | $8.25M | — | — |
- Waystar Holding Corp. showed an increase of +12.0% in R&D Expense compared to the prior fiscal year.
- Over the 2022–2025 period, Waystar Holding Corp.’s r&d expense has grown by 66.5% (from $32.81 million to $54.62 million).
- The most recent figure is from Waystar Holding Corp.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 17, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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