Waterdrop Inc. (WDH)
NYSE: WDH · Real-Time Price · USD
1.600
+0.020 (1.27%)
May 14, 2026, 3:30 PM EDT - Market open

Waterdrop Earnings Call Transcripts

Fiscal Year 2025

  • Revenue grew 43.5% year-over-year to RMB 3.98 billion in FY2025, with net profit up 64.8% to RMB 570 million. Insurance and digital health segments saw strong growth, while AI-driven innovations and operational efficiency supported continued profitability and cash generation.

  • A leading insurtech platform in China reported record Q3 2025 revenue and strong profitability, driven by digital insurance brokerage, medical crowdfunding, and AI-powered operations. The company maintains robust cash reserves, consistent shareholder returns, and targets over 20% annual growth.

  • Q3 2025 saw revenue rise 38.4% year-on-year to CNY 975 million and net profit jump 60.1% to CNY 158 million, driven by strong insurance and digital clinical trial segments and significant AI integration. Cash position remained robust at CNY 3.61 billion.

  • Q2 saw 23.9% revenue growth and 85.9% higher operating profit, driven by AI integration and robust insurance and healthcare performance. Enhanced dividend and continued share repurchases reflect strong capital allocation, with positive outlook for sustained growth.

  • Revenue grew 7% year-over-year to RMB 754 million, with net profit up 34.2% and strong insurance segment growth. Annual revenue is expected to rise over 20%, though increased investment may impact profits.

Fiscal Year 2024

  • Solid 2024 results with 5.4% annual revenue growth and doubled net profit, driven by AI and diversified business lines. Insurance SIP rose 24.5% year-over-year, and the company announced a third cash dividend and continued share repurchases.

  • Q3 2024 saw revenue of CNY 704 million and net profit of CNY 92.8 million, up over 150% year-over-year. Insurance and healthcare segments delivered strong growth, while AI and ESG initiatives advanced. Cash reserves remain robust, supporting continued R&D and shareholder returns.

  • Net profit surged 307% year-over-year to CNY 88.3 million, with stable revenue and strong insurance business margins. Continued share repurchases and a new dividend highlight robust capital returns, while AI-driven innovation and operational efficiency support long-term growth.

  • Q1 2024 saw revenue rise 16.3% year-over-year to CNY 705 million and net profit jump 62.2% to CNY 80.6 million, with all segments growing steadily. Insurance and healthcare businesses expanded, and the company maintained strong cash flow and continued share buybacks.

Fiscal Year 2023

Fiscal Year 2022

Fiscal Year 2021

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