WDH
Waterdrop Inc.
NYSE · Financial Services · Insurance - Diversified · CN
$1.05
+4.51%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 4.4B | 3.9B | 2.8B | 2.6B | 2.8B |
| Cost of Revenue | 2.0B | 1.9B | 1.3B | 1.6B | 1.3B |
| Gross Profit | 2.4B | 2.0B | 1.5B | 1.0B | 1.5B |
| Operating Expenses | |||||
| R&D Expense | 237.9M | 226.3M | 216.5M | 299.1M | 291.3M |
| SG&A Expense | 1.8B | 1.4B | 1.1B | 752.3M | 696.3M |
| General & Admin Expense | 158.1M | — | 367.7M | 402.4M | 388.7M |
| Selling & Marketing Expense | 441.7M | — | 694.8M | 349.9M | 307.7M |
| Other Expenses | 13.87 | — | — | — | — |
| Total Operating Expenses | 2.0B | 1.6B | 1.3B | 1.1B | 987.6M |
| Cost and Expenses | 4.1B | 3.5B | 2.6B | 2.6B | 2.3B |
| Operating Income (EBIT) | 373.3M | 360.8M | 178.2M | (6.7M) | 478.0M |
| Non-Operating | |||||
| Interest Income | 130.3M | 132.0M | 149.1M | 136.0M | 81.7M |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 130.3M | 132.0M | 149.1M | 136.0M | 81.7M |
| Other Non-Op Income/Expense | 155.3M | 167.9M | 182.4M | 171.0M | 152.7M |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 528.6M | 528.6M | 360.6M | 164.2M | 630.7M |
| Income Tax Expense | (27.6M) | (21.0M) | 9.7M | 555.0K | 23.0M |
| Bottom Line | |||||
| Net Income | 556.3M | 553.4M | 367.5M | 167.2M | 607.7M |
| Earnings from Cont. Ops | 556.2M | 549.7M | 350.9M | 163.7M | 607.7M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 556.3M | 553.4M | 367.5M | 167.2M | 607.7M |
| Per Share | |||||
| Basic EPS | $7.93 | $15.40 | $1.00 | $0.43 | $1.55 |
| Diluted EPS | $7.32 | $14.70 | $1.00 | $0.43 | $1.50 |
| Revenue Per Share | $123.39 | $107.03 | $7.54 | $6.78 | $7.17 |
| Shares | |||||
| Basic Shares Outstanding | 36.0M | 36.2M | 367.5M | 388.1M | 391.0M |
| Diluted Shares Outstanding | 36.9M | 37.1M | 372.0M | 388.1M | 402.2M |
| Profitability Metrics | |||||
| EBITDA | 373.3M | 374.7M | 191.7M | 6.8M | 501.0M |
| D&A | — | 13.9M | 13.6M | 13.6M | 23.0M |
| EBIT | 373.3M | 360.8M | 178.2M | (6.7M) | 478.0M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026