Waterdrop Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,466	3,978	2,772	2,631	2,802	3,206
Revenue Growth (YoY)	58.33%	43.51%	5.36%	-6.11%	-12.61%	5.88%
Insurance Benefits & Claims	2,056	1,943	1,315	1,196	1,019	1,054
Other Operating Expenses	2,036	1,664	1,279	1,442	1,304	4,014
Operating Income	374.92	370.86	178.16	-6.74	477.99	-1,863
Total Non-Operating Income (Expense)	158.16	172.59	182.43	170.98	152.71	67.78
Pretax Income	533.08	543.45	360.59	164.24	630.69	-1,795
Provision for Income Taxes	-28.15	-21.61	9.71	0.56	22.98	-220.99
Net Income	559.07	565.06	350.88	163.69	607.72	-1,574
Minority Interest in Earnings	-2.2	-3.88	-16.63	-3.54	-	-
Net Income Attributable to Preferred Dividends	-	-	-	-	-	152.29
Net Income to Common	559.11	568.94	367.51	167.22	607.72	-1,726
Net Income Growth	41.52%	54.81%	119.78%	-72.48%	-	-
Shares Outstanding (Basic)	361	362	365	377	392	299
Shares Outstanding (Diluted)	371	371	372	388	402	299
Shares Change (YoY)	-0.03%	-0.17%	-4.15%	-3.52%	34.51%	154.60%
EPS (Basic)	1.50	1.60	1.00	0.40	1.50	-5.80
EPS (Diluted)	1.50	1.50	1.00	0.40	1.50	-5.80
EPS Growth	36.36%	50.00%	150.00%	-73.33%	-	-
Free Cash Flow	-	214.29	218.84	392.99	753.82	-1,132
Free Cash Flow Growth	-	-2.08%	-44.32%	-47.87%	-	-
Free Cash Flow Per Share	-	0.58	0.59	1.01	1.87	-3.79
Dividends Per Share	0.420	0.420	0.146	-	-	-
Dividend Growth	-	187.47%	-	-	-	-
Operating Margin	8.39%	9.32%	6.43%	-0.26%	17.06%	-58.11%
Profit Margin	12.52%	14.21%	12.66%	6.22%	21.69%	-49.10%
FCF Margin	-	5.39%	7.89%	14.94%	26.91%	-35.32%
EBITDA	374.92	384.77	189.73	6.81	500.96	-1,845
EBITDA Margin	8.39%	9.67%	6.84%	0.26%	17.88%	-57.54%
EBIT	374.92	370.86	178.16	-6.74	477.99	-1,863
EBIT Margin	8.39%	9.32%	6.43%	-0.26%	17.06%	-58.11%
Effective Tax Rate	-5.28%	-3.98%	2.69%	0.34%	3.64%	12.31%

SEC Filings: 10-K · 10-Q