NYSE · WDH
Waterdrop financials
$1.03−0.96%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $555.0M | $383.6M | $377.9M | $406.2M | $3.21B |
| Gross profit | $555.0M | $383.6M | $377.9M | $406.2M | $3.21B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $51.7M | $24.7M | -$968.7K | $69.3M | -$1.86B |
| Net income | $79.4M | $50.9M | $24.0M | $88.1M | -$1.73B |
| Net margin | 14.3% | 13.3% | 6.4% | 21.7% | −53.8% |
| Diluted EPS | $0.02 | $0.01 | $0.01 | $0.02 | $-0.58 |
| EBITDA | $53.7M | $26.3M | $978.6K | $72.6M | -$1.84B |
| Operating cash flow | $34.0M | $60.5M | $58.4M | $111.0M | -$1.10B |
| Free cash flow | $29.9M | $30.3M | $56.5M | $109.3M | -$1.13B |
| Diluted shares | 3,713.5M | 3,719.8M | 3,880.9M | 4,022.5M | 2,990.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $68.6M | $135.5M | $56.1M | $1.57B | $128.3M |
| Short-term investments | $75.3M | $221.5M | $423.3M | $2.13B | $309.0M |
| Total debt | $10.0M | $33.5M | $27.9M | $14.1M | $9.2M |
| Total assets | $1.01B | $886.4M | $868.6M | $5.92B | $823.9M |
| Total liabilities | $276.7M | $217.0M | $207.7M | $1.16B | $200.4M |
| Shareholders' equity | $731.5M | $658.9M | $647.8M | $4.77B | $623.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology