Waystar Holding Corp. (WAY) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
WAY currently has 181M outstanding shares. with moderate dilution risk from 78.2M authorized shares representing 43.1% potential dilution. The company has significantly diluted shareholders by 47.53% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Oct 29, 2025 |
10-Q filing | 181.2M shares outstanding |
180M | 78M |
| Oct 01, 2025 |
8-K filing: Waystar Technologies, Inc. acquired Iodine through a sequence of mergers, issuing 16,639,906 shares of its common stock to certain equityholders of Iodine as partial consideration. |
170M | 78M |
| Sep 11, 2025 |
8-K filing: Waystar Holding Corp. announced an underwritten offering of 18,000,000 shares of its common stock by selling stockholders, with the company not selling any shares and not receiving any proceeds. The offering is expected to close on September 12, 2025. |
170M | 78M |
| Jul 30, 2025 |
10-Q filing | 173.4M shares outstanding |
170M | 78M |
| May 13, 2025 |
S-1 filing: This is an S-1 filing for a public offering of 12,500,000 shares of common stock of Waystar Holding Corp by selling stockholders. |
120M | 78M |
| Apr 30, 2025 |
10-Q filing | 121.2M shares outstanding |
120M | 66M |
| Feb 18, 2025 |
S-1 filing: This S-1 filing describes a public offering of 18,000,000 shares of common stock by selling stockholders of Waystar Holding Corp. with an option for underwriters to purchase up to 2,700,000 additional shares. |
120M | 66M |
| Feb 18, 2025 |
10-K filing | 121.2M shares outstanding |
120M | 66M |
| Nov 06, 2024 |
10-Q filing | 121.2M shares outstanding |
120M | 45M |
| Aug 07, 2024 |
10-Q filing | 121.2M shares outstanding |
120M | 45M |
| Jun 12, 2024 |
8-K filing: The company completed an initial public offering of 45,000,000 shares of common stock at a price of $21.50 per share on June 10, 2024. The authorized capital stock consists of 2,500,000,000 shares of Common Stock and 100,000,000 shares of preferred stock, par value $0.01 per share. ($967.5M proceeds) |
2.5B | 45M |
| May 28, 2024 |
S-1/A filing: Waystar Holding Corp. is initiating an IPO to offer 45,000,000 shares of its common stock, with an expected price between $20.00 and $23.00 per share, and has applied to list on the Nasdaq Global Select Market under the symbol 'WAY'. |
N/A | 45M |
| May 16, 2024 |
S-1/A filing: Waystar Holding Corp. is offering common stock in its initial public offering. |
N/A | 0 |
| Apr 29, 2024 |
S-1/A filing: Waystar Holding Corp. is offering common stock in an initial public offering, with plans to list on the Nasdaq Global Select Market under the symbol "WAY." |
N/A | 0 |
| Mar 22, 2024 |
S-1/A filing: Waystar Holding Corp. is offering shares of common stock in an initial public offering. |
N/A | 0 |
| Nov 29, 2023 |
S-1/A filing: Waystar Holding Corp. is offering common stock in its initial public offering. The initial public offering price is expected to be between a specified range per share. The company intends to list its common stock on the Nasdaq Global Select Market under the symbol WAY. |
N/A | 0 |
| Nov 15, 2023 |
S-1/A filing: Waystar Holding Corp. is offering common stock in an initial public offering. The initial public offering price of the common stock is expected to be between a specified range per share. The company intends to apply to list its common stock on the Nasdaq Global Select Market under the symbol "WAY." |
N/A | 0 |
| Oct 26, 2023 |
S-1/A filing: Waystar Holding Corp. is initiating an IPO of common stock and intends to list on the Nasdaq Global Select Market under the symbol "WAY." |
N/A | 0 |
| Oct 16, 2023 |
S-1 filing: This is Waystar Holding Corp.'s initial public offering of common stock. |
N/A | 0 |