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Waystar10-K: Market expansion

Waystar targets growth in $20B TAM, citing low market share of 4% in hospitals and 8% in ambulatory

Read at SEC EDGAR

What happened

The company aims to capture share by expanding solution adoption with its 30,000+ clients and acquiring new ones.

Source

SEC EDGARFeb 17, 2026

Annual report (Form 10-K)

Waystar 10-K for FY2025

Filing excerpt

We estimate that our TAM with respect to our current software solution set was $20 billion in 2025.

sec.gov/Archives/edgar/data/1990354/000199035426000011/way-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-K: Market expansion

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 17, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$20B (Total Addressable Market (TAM) in 2025)
Percent
4% (market share in hospital segment)

Details

CIK
1990354
Accession number
0001990354-26-000011
Timeframe
Current year
Filing year
2026
Why it matters
Scaling infrastructure needed

Topics and mentions

Regions named

  • United States

Extraction

Confidence
High
Relevance
85%
Sentiment
Positive
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
marketExpansion

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
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Show the full JSONThe record on this page and the API request

GET /v1/signals/479fd26a-d95c-437e-9daf-e2c7a434c379 returns this record as JSON. POST /v1/companies/enrich returns every signal for waystar.com.

{
  "signal_id": "479fd26a-d95c-437e-9daf-e2c7a434c379",
  "signal_type": "sec-10k",
  "signal_subtype": "marketExpansion",
  "detected_at": "2026-02-24T09:42:26.76+00:00",
  "company": {
    "name": "Waystar",
    "domain": "waystar.com"
  },
  "data": {
    "detail": "Waystar identifies significant growth opportunity (\"ample white space\") within its estimated $20 billion Total Addressable Market, which is projected to grow to nearly $25 billion by 2030. The company aims to capture share by expanding solution adoption with its 30,000+ clients and acquiring new ones.",
    "metrics": {
      "pct": 0.04,
      "timeframe": "current_year",
      "pct_context": "market share in hospital segment",
      "dollar_context": "Total Addressable Market (TAM) in 2025",
      "dollar_millions": 20000
    },
    "summary": "Waystar targets growth in $20B TAM, citing low market share of 4% in hospitals and 8% in ambulatory",
    "excerpts": "We estimate that our TAM with respect to our current software solution set was $20 billion in 2025.",
    "relevance": 0.85,
    "sentiment": "positive",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1990354/000199035426000011/way-20251231.htm",
    "filing_date": "2026-02-17",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Scaling infrastructure needed",
    "signal_category": "market",
    "regions_mentioned": [
      "United States"
    ]
  }
}

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