Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 421,056	$ 182,133
Restricted cash	24,301	22,449
Accounts receivable, net of allowance of $5,895 at September 30, 2025 and $5,885 at December 31, 2024	145,675	145,235
Income tax receivable	0	2,838
Prepaid expenses	20,557	14,414
Other current assets	1,993	3,972
Total current assets	613,582	371,041
Property, plant and equipment, net	48,172	46,731
Operating lease right-of-use assets, net	11,026	10,820
Intangible assets, net	954,967	1,039,049
Goodwill	3,019,999	3,019,999
Deferred costs	90,131	82,815
Other long-term assets	8,479	6,549
Total assets	4,746,356	4,577,004
Current liabilities
Accounts payable	51,401	47,365
Accrued compensation	28,300	31,589
Aggregated funds payable	23,848	22,059
Other accrued expenses	26,757	15,930
Deferred revenue	9,018	10,527
Current portion of long-term debt	11,668	11,668
Current portion of operating lease liabilities	5,687	5,591
Current portion of finance lease liabilities	973	904
Total current liabilities	157,652	145,633
Long-term liabilities
Deferred tax liability	123,034	100,523
Long-term debt, net, less current portion	1,214,194	1,220,622
Operating lease liabilities, net of current portion	11,855	13,133
Finance lease liabilities, net of current portion	10,549	11,290
Deferred revenue - long-term	5,385	5,739
Other long-term liabilities	1,091	278
Total liabilities	1,523,760	1,497,218
Commitments and contingencies (Note 19)
Stockholders’ equity
Preferred stock $0.01 par value - 100,000,000 and 100,000,000 shares authorized as of September 30, 2025 and December 31, 2024, respectively; zero shares issued or outstanding as of September 30, 2025 and December 31, 2024, respectively	0	0
Common stock $0.01 par value - 2,500,000,000 and 2,500,000,000 shares authorized at September 30, 2025 and December 31, 2024, respectively; 174,667,840 and 172,108,240 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	1,747	1,722
Additional paid-in capital	3,350,190	3,298,083
Accumulated other comprehensive income (loss)	(542)	881
Accumulated deficit	(128,799)	(220,900)
Total stockholders’ equity	3,222,596	3,079,786
Total liabilities and stockholders’ equity	4,746,356	4,577,004
Nonrelated Party
Current liabilities
Current portion of long-term debt	11,099	11,311
Long-term liabilities
Long-term debt, net, less current portion	1,158,411	1,185,411
Related Party
Current liabilities
Current portion of long-term debt	569	357
Long-term liabilities
Long-term debt, net, less current portion	$ 55,783	$ 35,211

Waystar Holding Corp. 10-Q