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Waterdrop Inc.
CIK 1823986Updated Sep 26, 2026
SecurityWDH · NYSE · right
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In the news
Waterdrop Inc. Announces Second Quarter 2026 Unaudited Financial Results and a Cash Dividend ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,015,405,000Source | 884,146,000Source | 866,020,000Source | 858,643,000Source |
| Property, Plant and Equipment, NetUSD | 36,564,000Source | 32,883,000Source | 4,772,000Source | 4,552,000Source |
| GoodwillUSD | 11,547,000Source | 11,063,000Source | 11,374,000Source | 496,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 25,331,000Source | 20,962,000Source | 24,987,000Source | 8,208,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 69,069,000Source | 135,126,000Source | 55,903,000Source | 228,233,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 180,244,000Source | 98,120,000Source | 97,623,000Source | 97,981,000Source |
| Assets, CurrentUSD | 569,247,000Source | 635,411,000Source | 764,298,000Source | 825,064,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 35,905,000Source | 25,020,000Source | 26,738,000Source | 49,655,000Source |
| Operating Lease, Right-of-Use AssetUSD | 3,426,000Source | 6,421,000Source | 8,430,000Source | 2,675,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 278,688,000Source | 216,471,000Source | 207,074,000Source | 167,618,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 21,000Source | 19,000Source | 20,000Source | 20,000Source |
| Additional Paid in CapitalUSD | 962,906,000Source | 936,009,000Source | 986,411,000Source | 1,070,677,000Source |
| Retained Earnings (Accumulated Deficit)USD | -232,446,000Source | -300,639,000Source | -360,845,000Source | -395,366,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 6,238,000Source | 21,858,000Source | 20,297,000Source | 15,694,000Source |
| Stockholders' Equity Attributable to ParentUSD | 736,717,000Source | 657,245,000Source | 645,881,000Source | 691,025,000Source |
| Liabilities and EquityUSD | 1,015,405,000Source | 884,146,000Source | 866,020,000Source | 858,643,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 270,618,000Source | 203,435,000Source | 192,905,000Source | 162,629,000Source |
| Deferred Income Tax Liabilities, NetUSD | 6,263,000Source | 11,533,000Source | 10,325,000Source | 4,307,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCNY | — | — | — | 27,675,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | 10,430,000Source | 13,065,000Source | — |
| Short-term InvestmentsUSD | 75,885,000Source | 220,928,000Source | 422,052,000Source | 308,876,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 80,801,000Source | 48,069,000Source | 23,055,000Source | 88,110,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,403,000Source | 11,901,000Source | 18,855,000Source | 16,242,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 80,382,000Source | 4,813,000Source | -2,853,000Source | 6,208,000Source |
| Deferred Income Tax Expense (Benefit)CNY | -22,294,000Source | 8,042,000Source | -2,142,000Source | 21,826,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 34,881,000Source | 59,904,000Source | 57,258,000Source | 111,017,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -32,138,000Source | 39,953,000Source | -165,208,000Source | -20,272,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,237,000Source | 29,923,000Source | 1,905,000Source | 1,723,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -53,471,000Source | -27,205,000Source | -53,133,000Source | -8,330,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -53,689,000Source | 73,005,000Source | -157,398,000Source | 87,884,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 161,796,000Source | 206,446,000Source | 137,189,000Source | 303,244,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 40,000Source | 258,000Source | 33,000Source | — |
| Income Taxes Paid, NetUSD | 52,000Source | 273,000Source | 180,000Source | 247,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -2,961,000Source | 353,000Source | 3,685,000Source | 5,469,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | — | — | 20,000Source |
| Amortization of Intangible AssetsUSD | 18,000Source | 18,000Source | 19,000Source | 139,000Source |
| DepreciationUSD | 1,971,000Source | 1,568,000Source | 1,889,000Source | 3,311,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | 0Source | 2,060,000Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 39,000Source | 1,098,000Source | 612,000Source | 589,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -8,000Source | -91,000Source | -220,000Source | -200,000Source |
| Gain (Loss) on Termination of LeaseUSD | 54,000Source | -53,000Source | — | -315,000Source |
| General and Administrative ExpenseUSD | 44,348,000Source | 50,368,000Source | 56,676,000Source | 56,349,000Source |
| GoodwillUSD | 11,547,000Source | 11,063,000Source | 11,374,000Source | 496,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | — |
| Impairment of Intangible Assets, Finite-livedCNY | 0Source | 24,268,000Source | 0Source | 0Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | — | -2,966,000Source | -1,411,000Source |
| Income Tax Expense (Benefit)USD | -3,090,000Source | 1,330,000Source | 78,000Source | 3,331,000Source |
| Investment Income, InterestUSD | 19,404,000Source | 20,429,000Source | 19,161,000Source | 11,847,000Source |
| Net Income (Loss) Attributable to ParentCNY | 568,936,000Source | 367,510,000Source | 167,221,000Source | 88,110,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 81,356,000Source | 50,347,000Source | 23,553,000Source | 88,110,000Source |
| Operating Costs and ExpensesUSD | 277,868,000Source | 180,119,000Source | 168,389,000Source | 147,794,000Source |
| Operating ExpensesUSD | 515,780,000Source | 355,331,000Source | 371,477,000Source | 336,917,000Source |
| Other Nonoperating Income (Expense)USD | 5,236,000Source | 3,465,000Source | 4,310,000Source | 9,704,000Source |
| Payments to Acquire InvestmentsUSD | — | — | — | 10,066,000Source |
| Proceeds from Stock Options ExercisedUSD | 920,000Source | 990,000Source | 1,649,000Source | 1,411,000Source |
| Unrealized Gain (Loss) on InvestmentsCNY | — | — | 7,650,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 568,812,000Source | 379,738,000Source | 370,527,000Source | 406,218,000Source |
| Operating Income (Loss)USD | 53,032,000Source | 24,407,000Source | -950,000Source | 69,301,000Source |
| Other Nonoperating Income (Expense)USD | 5,236,000Source | 3,465,000Source | 4,310,000Source | 9,704,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 77,711,000Source | 49,399,000Source | 23,133,000Source | — |
| Income Tax Expense (Benefit)USD | -3,090,000Source | 1,330,000Source | 78,000Source | 3,331,000Source |
| Net Income (Loss) Attributable to ParentCNY | 568,936,000Source | 367,510,000Source | 167,221,000Source | 88,110,000Source |
| Earnings Per Share, BasicUSD per share | 0.02Source | 0.01Source | 0.01Source | 0.02Source |
| Earnings Per Share, DilutedUSD per share | 0.02Source | 0.01Source | 0.01Source | 0.02Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,615,328,154Source | 3,650,504,339Source | 3,769,679,736Source | 3,921,388,720Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,713,518,076Source | 3,719,776,955Source | 3,880,861,496Source | 4,022,467,160Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 18,000Source | 18,000Source | 19,000Source | 139,000Source |
| Current Income Tax Expense (Benefit)CNY | 686,000Source | 1,665,000Source | 2,697,000Source | 1,150,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | 0Source | 2,060,000Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 39,000Source | 1,098,000Source | 612,000Source | 589,000Source |
| General and Administrative ExpenseUSD | 44,348,000Source | 50,368,000Source | 56,676,000Source | 56,349,000Source |
| Goodwill, Impairment LossCNY | 0Source | 0Source | 0Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | 471,047,000Source | 294,733,000Source | — | — |
| Investment Income, InterestUSD | 19,404,000Source | 20,429,000Source | 19,161,000Source | 11,847,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 81,356,000Source | 50,347,000Source | 23,553,000Source | 88,110,000Source |
| Operating Costs and ExpensesUSD | 277,868,000Source | 180,119,000Source | 168,389,000Source | 147,794,000Source |
| Operating ExpensesUSD | 515,780,000Source | 355,331,000Source | 371,477,000Source | 336,917,000Source |
| Research and Development ExpenseUSD | 33,273,000Source | 29,661,000Source | 42,122,000Source | 42,233,000Source |
| Selling and Marketing ExpenseUSD | 160,291,000Source | 95,183,000Source | 104,290,000Source | 90,541,000Source |