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 Balance Sheet
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash & Equivalents | 1,049 | 483 | 986.32 | 396.91 | 1,574 | 817.72 |
Short-Term Investments | 195.73 | 530.67 | 1,613 | 2,997 | 2,130 | 1,969 |
Cash & Short-Term Investments | 1,245 | 1,014 | 2,599 | 3,393 | 3,705 | 2,787 |
Cash Growth | -25.18% | -61.00% | -23.41% | -8.40% | 32.92% | 23.59% |
Accounts Receivable | 3,067 | 2,067 | 1,336 | 1,266 | 1,126 | 1,207 |
Other Receivables | 0.32 | 73.46 | 16.89 | 19.62 | 14.91 | 83.35 |
Receivables | 3,068 | 2,141 | 1,353 | 1,286 | 1,141 | 1,291 |
Restricted Cash | 813.65 | 648.45 | 520.59 | 577.12 | 517.36 | 667.66 |
Other Current Assets | - | 177.83 | 166.01 | 170.29 | 327.92 | 287.5 |
Total Current Assets | 5,435 | 3,981 | 4,638 | 5,426 | 5,691 | 5,033 |
Property, Plant & Equipment | 273.5 | 279.65 | 286.9 | 93.73 | 49.84 | 103.84 |
Long-Term Investments | 1,534 | 2,284 | 1,114 | 211.76 | 11.97 | 11.81 |
Goodwill | 85.47 | 80.75 | 80.75 | 80.75 | 3.42 | 3.42 |
Other Intangible Assets | 179.86 | 177.14 | 153.01 | 177.41 | 56.61 | 56.75 |
Long-Term Accounts Receivable | 369.67 | 295.52 | 153.75 | 134.38 | 103.59 | 29.89 |
Long-Term Deferred Tax Assets | 0.57 | 2.87 | 27.03 | 24.19 | 6.17 | 11.84 |
Total Assets | 7,878 | 7,101 | 6,454 | 6,149 | 5,922 | 5,251 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Accounts Payable | 11.51 | 9.32 | 10.36 | 9.51 | 11.51 | 20.45 |
Accrued Expenses | 1,985 | 1,659 | 1,090 | 1,041 | 915.11 | 1,001 |
Short-Term Debt | 476.27 | 47 | 198.37 | 137.56 | - | - |
Current Portion of Leases | 10.09 | 10.89 | 34.57 | 32.91 | 9.35 | 44.11 |
Current Income Taxes Payable | - | 24.43 | 11.86 | 18.12 | 23.31 | 22.02 |
Current Unearned Revenue | - | 46 | 29.2 | - | - | 0.8 |
Other Current Liabilities | - | 95.41 | 110.54 | 130.56 | 162.41 | 160.87 |
Total Current Liabilities | 2,483 | 1,892 | 1,485 | 1,370 | 1,122 | 1,249 |
Long-Term Leases | 11.24 | 12.64 | 10.97 | 27.29 | 4.7 | 14.48 |
Long-Term Deferred Tax Liabilities | 70.72 | 43.8 | 84.19 | 73.31 | 29.7 | 13.55 |
Total Liabilities | 2,565 | 1,949 | 1,580 | 1,470 | 1,156 | 1,277 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Common Stock | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 |
Additional Paid-In Capital | 6,642 | 6,734 | 6,832 | 7,003 | 7,385 | 7,329 |
Retained Earnings | -1,401 | -1,626 | -2,194 | -2,562 | -2,727 | -3,335 |
Treasury Stock | -0.02 | -0.02 | -0.02 | -0.01 | -0 | - |
Comprehensive Income & Other | -38.02 | 43.62 | 159.55 | 144.11 | 108.25 | -21.49 |
Total Common Equity | 5,203 | 5,152 | 4,797 | 4,586 | 4,766 | 3,973 |
Minority Interest | 110.23 | - | 76.13 | 92.76 | - | - |
Shareholders' Equity | 5,313 | 5,152 | 4,874 | 4,678 | 4,766 | 3,973 |
Total Liabilities & Equity | 7,878 | 7,101 | 6,454 | 6,149 | 5,922 | 5,251 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Total Debt | 497.6 | 70.53 | 243.92 | 197.76 | 14.06 | 58.59 |
Net Cash (Debt) | 747.57 | 943.14 | 2,355 | 3,196 | 3,690 | 2,728 |
Net Cash Growth | -52.82% | -59.95% | -26.31% | -13.41% | 35.26% | 24.54% |
Net Cash Per Share | - | 2.54 | 6.33 | 8.23 | 9.17 | 9.12 |
Filing Date Shares Outstanding | - | 359.3 | 361.66 | 368.94 | 390.99 | 394.28 |
Total Common Shares Outstanding | - | 360.88 | 362.48 | 370.16 | 390.99 | 394.28 |
Working Capital | 2,952 | 2,088 | 3,153 | 4,057 | 4,569 | 3,784 |
Book Value Per Share | - | 14.28 | 13.24 | 12.39 | 12.19 | 10.08 |
Tangible Book Value | 4,938 | 4,894 | 4,564 | 4,328 | 4,706 | 3,913 |
Tangible Book Value Per Share | - | 13.56 | 12.59 | 11.69 | 12.04 | 9.93 |
Buildings | - | 234.98 | 212.8 | - | - | - |
Machinery | - | 26.24 | 23.89 | 24.45 | 22.53 | 27.97 |
Leasehold Improvements | - | 49.71 | 46.26 | 43.71 | 37.77 | 32.05 |