Waterdrop Inc. (WDH)
Waterdrop Inc. reported revenue of $568.8M in fiscal 2025, up 49.8% from a year earlier. Net income was $81.4M, a net margin of 14.3%. Operating cash flow minus capital spending left $30.6M of free cash flow in fiscal 2025. At December 31, 2025 it held $69.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 28, 2026.
Key facts about Waterdrop Inc.
- Net worth
- Waterdrop Inc. has a market value (market cap) of $359.3M at the latest share price, and shareholders' equity of $736.7M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $568.8M (+49.8% year on year), with net income of $81.4M.
- Cash flow
- In fiscal 2025 operations brought in $34.9M of cash; after $4.2M of capital spending, free cash flow was $30.6M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 28, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Waterdrop Inc. does
Waterdrop Inc. is registered with the SEC under industry code SIC 6411 (Insurance Agents, Brokers & Service). Its shares trade on NYSE under the ticker WDH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $568.8M | $81.4M | $0.02 | $30.6M |
| 2024 | $379.7M | $50.3M | $0.01 | $30M |
| 2023 | $370.5M | $23.6M | $0.01 | $55.4M |
| 2022 | $406.2M | $88.1M | $0.02 | $109.3M |
| 2021 | $503.1M | -$247M | -$0.09 | -$177.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WDH ranks in Finance
Dividends
It paid out $18.6M in cash dividends, 23% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $18.6M | 23% |
| 2024 | n/a | $21.7M | 43% |
Latest SEC filings
What Waterdrop Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 8, 2026
- July 24, 2026
- June 23, 2026
- June 17, 2026
- April 28, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 50% to $568.8M versus the prior year; diluted EPS $0.02 versus $0.01.
- March 25, 2026
- February 13, 2026Passive stake changed SCHEDULE 13G/A
- December 3, 2025
- December 3, 2025
- September 4, 2025
Insider trades
What the people running Waterdrop Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Questions about WDH
What does Waterdrop Inc. do?
Waterdrop Inc. is a company in the Finance sector, listed on NYSE as WDH. Its shares trade on NYSE under the ticker WDH.
What is Waterdrop Inc.'s net worth?
Waterdrop Inc. has a market value (market cap) of $359.3M at the latest share price, and shareholders' equity of $736.7M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Waterdrop Inc. profitable?
Yes. In fiscal 2025 it reported net income of $81.4M on revenue of $568.8M, a net margin of 14.3%.
How much revenue does Waterdrop Inc. make?
In fiscal 2025 Waterdrop Inc. reported revenue of $568.8M. That is 49.8% more than a year earlier.
When did Waterdrop Inc. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 28, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 8, 2026.
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Where the numbers come from
Financial figures are the values Waterdrop Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.