Revenue
2021
2022
2023
2024
2025
Waterdrop Inc. (WDH)
Price$1.02Cached quote
Net income
2021
2022
2023
2024
2025
Free cash flow
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $568.8M | $379.7M | $370.5M | $406.2M | $503.1M | — | — |
| Research & development | $33.3M | $29.7M | $42.1M | $42.2M | $59.5M | — | — |
| Operating expenses | $515.8M | $355.3M | $371.5M | $336.9M | $795.4M | — | — |
| Operating income | $53.0M | $24.4M | −$950,000 | $69.3M | −$292.3M | — | — |
| Operating margin | 9.32% | 6.43% | −0.26% | 17.06% | −58.11% | — | — |
| EBITDA | $55.0M | $26.0M | $958,000 | $72.6M | −$289.5M | — | — |
| EBITDA margin | 9.67% | 6.84% | 0.26% | 17.88% | −57.55% | — | — |
| Net income | $80.8M | $48.1M | $23.1M | $88.1M | −$247.0M | — | — |
| Net profit margin | 14.21% | 12.66% | 6.22% | 21.69% | −49.10% | — | — |
| Basic EPSper basic share | $0.02 | $0.01 | $0.01 | $0.02 | -$0.09 | — | — |
| Diluted EPSper diluted share | $0.02 | $0.01 | $0.01 | $0.02 | -$0.09 | — | — |
Owners
Reported shareholders
Reported holdings Number of shares
View holders
| Holder | Shares held |
|---|---|
Boundless Plain Holdings Ltd | 11.49M |
IDG China Capital Fund III Associates L.P. | 5.73M |
MORGAN STANLEY | 3.27M |
Baader Bank Aktiengesellschaft | 1.6M |
Avenir Tech Ltd | 859.2K |
ACADIAN ASSET MANAGEMENT LLC | 300.17K |
IDG China Capital Fund GP III Associates Ltd. | 283.18K |
CITADEL ADVISORS LLC | 231.74K |
GSA CAPITAL PARTNERS LLP | 222.24K |
GOLDMAN SACHS GROUP INC | 164.44K |
RENAISSANCE TECHNOLOGIES LLC | 134.33K |
Invesco Ltd. | 97.67K |
SG Americas Securities, LLC | 77.06K |
STATE STREET CORP | 68.32K |
MILLENNIUM MANAGEMENT LLC | 61.48K |
SEI INVESTMENTS CO | 40.82K |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 39.37K |
Ethos Financial Group, LLC | 38.4K |
SmartHarvest Portfolios, LLC | 32.09K |
Police & Firemen's Retirement System of New Jersey | 23.97K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
Source: SEC Form 13F ↗Updated Sep 29, 2026 · Quarterly data