What move does the options market price into Waystar's report?

Implied ±15.5%, either direction · provisional.

How often does Waystar move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

WAYNasdaqServices-Computer Integrated Systems Design

Waystar Holding Corp. (WAY) earnings date, market-implied expected move, and options open interest by expiry

27.67

pre 27.70 +0.16%

Pre-market09:19 ETdelayed

Open27.70Volume2.9MMkt cap$5.4BP/E40.14EPS0.69

Day27.70 – 27.7050%52-wk17.26 – 37.7151%

WAY

Waystar Holding Corp.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±15.5%implied · straddle

23.3631.95

spot 27.66exp Mar 19ATM strike 27.5ATM straddle 5.05IV 38%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 16

before open · in 104 days

est.Q4 FY26

Calendar

Next report

Last report

−1.72%

vs ±10.4% implied · ×0.17

shaded = implied · ▲▼ = realized

Nov 2 '26 · confirmedthin chain

Implied vs realized

Linked news

18hPNC · supplierPNC posts Q3 net income $2,097 million, diluted EPS $4.97; YTD net income $5,924 million

News

Largest filed tie

13F top-10 QoQ

+3.84%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

303 managers

Top fund weight

0.07%

WAY weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Waystar (WAY) is expected to report on Feb 16 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±11.1%
avg realized: ±7.1%

Apr 30 '25Apr 30 '25confirmed±11.2%▲+6.16%×0.55

Jul 23 '25Jul 23 '25confirmed±10.7%▲+0.05%×0.00

Jul 30 '25Jul 30 '25confirmed±9.7%▲+3.76%×0.39

Oct 29 '25Oct 29 '25confirmed±10.7%▼−6.46%×0.60

Feb 17 '26Feb 17 '26confirmed±14.8%▲+8.48%×0.57

Q1 FY26Apr 29 '26confirmed±10.5%▼−15.41%×1.47

Q2 FY26Jul 29 '26confirmed±10.6%▼−14.60%×1.38

Q3 FY26Nov 2 '26confirmed±10.4%thin chain▼−1.72%×0.17

quarterimplied−20%0+20%realized×

Q3 FY26±10.4%▼−1.72%×0.17

Q2 FY26±10.6%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

2.44OI · 4 expiries · Nov 3 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

163+7%Nov 2016d0.55296+9%0.55

4620%Dec 1844d0.835590%0.83

2,082+5%Jan 1572d0.316,7420%0.31

report · Feb 16 · before open · est.

3900%Mar 19135d160+1%

ExpiryPutsCallsP/C

Nov 2016d163+7%296+9%0.55

Dec 1844d4620%5590%0.83

Jan 1572d2,082+5%6,7420%0.31

report · Feb 16 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±15.5%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

9.53%as filednet margin · revenue +1.86% QoQ · +21.21% YoY

Revenue

$326M+1.86% QoQ

Gross profit

$326M+1.86% QoQ

100.00% margin

Operating income

$61M−19.43% QoQ

18.81% margin

Pre-tax income

$42M−25.58% QoQ

Net income

$31M−24.08% QoQ

9.53% margin

Operating expenses

$264M+8.51% QoQ

Marketing $52M

SG&A $51M

Depreciation $41M

Other operating $120M

Other expense

$19M

Tax

$11M−29.53% QoQ

Revenue$326M+1.86%

Gross profit

$326M+1.86%

100.00% margin

Operating income

$61M−19.43%

18.81% margin

Pre-tax income

$42M−25.58%

Net income

$31M−24.08%

9.53% margin

Cost of revenue

Operating expenses

$264M+8.51%

Marketing $52M

SG&A $51M

Depreciation $41M

Other expense

$19M

Tax$11M−29.53%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 09:15 ET

Intraday

Event sensitivity

NFP ×1.62· ±3.2% vs ±2.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.2%6 of 10×1.62

PCEpersonal income & outlays±3.1%8 of 19×1.61

GDPgross domestic product±2.5%10 of 19×1.28

CPIconsumer prices±2.1%4 of 10×1.05

PPIproducer prices±1.9%3 of 10×0.98

FOMCrate decision±1.5%7 of 19×0.78

CPROFcorporate profits±1.1%7 of 12×0.59

Bar = avg |move| to ±4% · tick = ±2.0% avg day · ×base = |move| ÷ ±2.0% · min 6 releases

Earnings history

EPS 0.16 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 2 '26 · confirmed	0.16	—
Q2 FY26	Jul 29 '26 · confirmed	0.21	—
Q1 FY26	Apr 29 '26 · confirmed	0.22	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod