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Waterdrop Inc. (WDH)
NYSE: WDH · Real-Time Price · USD
1.020
-0.010 (-0.97%)
At close: Sep 11, 2026, 4:00 PM EDT
1.011
-0.009 (-0.89%)
After-hours: Sep 11, 2026, 7:58 PM EDT

Waterdrop Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,0773,9782,7722,6312,8023,206
Revenue Growth
70.20%43.51%5.36%-6.11%-12.61%5.88%
Gross Profit
2,9002,0351,4571,4351,7822,151
Operating Income
388.86370.86157.56-6.74502.26-1,863
Net Income
544.73568.94367.51167.22607.72-1,726
Earnings Per Share
-1.501.000.401.50-5.80
EPS Growth
-50.00%150.00%-73.33%--

Revenue by Segment
Chart
Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
Insurance
3,5772,3642,3412,3643,071
Crowd Funding
261.64267.65162.68267.65-
Others
139.56140.39127.11140.39134.91
Total
3,9782,7722,6312,7723,206

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,2451,0142,5993,3933,7052,787
Total Debt
497.670.53243.92197.7614.0658.59
Net Cash (Debt)
747.57943.142,3553,1963,6902,728
Net Cash Growth
-52.82%-59.95%-26.31%-13.41%35.26%24.54%
Net Cash Per Share
-2.546.338.239.179.12

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-243.92437.25406.52765.71-1,097
Capital Expenditures
--29.63-218.42-13.52-11.88-35.66
Free Cash Flow
-214.29218.84392.99753.82-1,132
Free Cash Flow Growth
--2.08%-44.32%-47.87%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
57.13%51.15%52.57%54.55%63.62%67.11%
Operating Margin
7.66%9.32%5.68%-0.26%17.93%-58.11%
Pretax Margin
10.68%13.66%13.01%6.24%22.51%-60.74%
Profit Margin
10.73%14.30%13.26%6.36%21.69%-53.85%
FCF Margin
-5.39%7.90%14.94%26.91%-35.32%

Dividends
Chart
Fiscal YearCurrentFY 2025FY 2024
Period EndingSep '26 Dec '25 Dec '24
Dividend Per Share
0.0600.4200.146
Dividend Per Share Growth
20.00%187.47%-
Dividend Yield
5.88%3.20%1.76%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
4.578.458.6516.7714.90-
Forward PE
4.988.827.807.7818.87-
P/FCF Ratio
11.4722.4314.527.1412.01-
PS Ratio
0.491.211.151.073.231.08