Waterdrop Inc. (WDH)

Waterdrop Revenue

Waterdrop had revenue of 1.45B CNY in the quarter ending June 30, 2026, with 72.83% growth. This brings the company's total for the last twelve months to 5.08B, up 70.21% year-over-year. In the year 2025, Waterdrop had annual revenue of 3.98B with 43.51% growth. That makes Waterdrop the 9,020th largest company in the world by revenue and 1,999th in the United States.

• Revenue (ttm): 5.08B CNY
• Revenue Growth: +70.21%
• P/S Ratio: 0.49
• Revenue / Employee: 1,682,099 CNY
• Employees: 3,018
• Market Cap: 362.89M USD

Revenue Chart

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* This company reports financials in CNY.

Revenue by Segment

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• Insurance 3.58B 89.9%
• Crowd Funding 261.64M 6.6%
• Others 139.56M 3.5%

Fiscal year ended Dec 31, 2025 See the full Waterdrop breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	3.98B	1.21B	43.51%
Dec 31, 2024	2.77B	141.11M	5.36%
Dec 31, 2023	2.63B	-171.06M	-6.11%
Dec 31, 2022	2.80B	-404.15M	-12.61%
Dec 31, 2021	3.21B	177.97M	5.88%
Dec 31, 2020	3.03B	1.52B	100.40%
Dec 31, 2019	1.51B	1.27B	534.46%
Dec 31, 2018	238.15M	-	-

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Sep 8, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Oct 19, 2026

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