# Waterdrop Inc.: overview

WDH · NYSE · CIK 1823986 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wdh.md) · [Financials](/companies/wdh/financials.md) · [Filings](/companies/wdh/filings.md) · [Insiders](/companies/wdh/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [503](/filings/0001193125-22-127542.md) | [406](/filings/0001193125-23-102905.md) | [371](/filings/0001104659-24-051464.md) | [380](/filings/0001410578-25-000891.md) | [569](/filings/0001104659-26-049772.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(58.1%)](/filings/0001193125-22-127542.md) | [17.1%](/filings/0001193125-23-102905.md) | [(0.3%)](/filings/0001104659-24-051464.md) | [6.4%](/filings/0001410578-25-000891.md) | [9.3%](/filings/0001104659-26-049772.md) |
| Net margin | % | [(49.1%)](/filings/0001193125-22-127542.md) | [21.7%](/filings/0001193125-23-102905.md) | [6.2%](/filings/0001104659-24-051464.md) | [12.7%](/filings/0001410578-25-000891.md) | [14.2%](/filings/0001104659-26-049772.md) |
| Diluted EPS | $ per share | [(0.09)](/filings/0001193125-22-127542.md) | [0.02](/filings/0001193125-23-102905.md) | [0.01](/filings/0001104659-24-051464.md) | [0.01](/filings/0001410578-25-000891.md) | [0.02](/filings/0001104659-26-049772.md) |
| Free cash flow | $m | [(178)](/filings/0001193125-22-127542.md) | [109](/filings/0001193125-23-102905.md) | [55.4](/filings/0001104659-24-051464.md) | [30.0](/filings/0001410578-25-000891.md) | [30.6](/filings/0001104659-26-049772.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wdh/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Boundless Plain Holdings Ltd](/funds/2108192.md) | 2026-06-30 | $13.0m | 11,485,432 |  | Unchanged |
| [IDG China Capital Fund III Associates L.P.](/funds/1649614.md) | 2026-06-30 | $6.5m | 5,729,041 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $3.7m | 3,271,149 |  | Reduced −127,878 |
| [Baader Bank Aktiengesellschaft](/funds/1542629.md) | 2026-06-30 | $1.8m | 1,603,508 |  | Unchanged |
| [Avenir Tech Ltd](/funds/2029708.md) | 2026-06-30 | $970.9k | 859,202 |  | Unchanged |
| [IDG China Capital Fund GP III Associates Ltd.](/funds/1649611.md) | 2026-06-30 | $320.0k | 283,175 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $261.9k | 231,742 |  | Added +201,275 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $185.8k | 164,440 |  | Reduced −3,773 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $151.8k | 134,327 |  | Added +76,370 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $110.4k | 97,672 |  | Reduced −13,564 |

## Recent filings

[All 99 filings](/companies/wdh/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-08 | 07:30 ET | [6-K](/filings/0001104659-26-105667.md) | Report of a foreign private issuer, period 2026-09-08 | 0001104659-26-105667 |
| 2026-07-24 | 16:01 ET | [6-K](/filings/0001104659-26-086636.md) | Report of a foreign private issuer, period 2026-07-24 | 0001104659-26-086636 |
| 2026-06-23 | 07:20 ET | [6-K](/filings/0001104659-26-076631.md) | Report of a foreign private issuer, period 2026-06-23 | 0001104659-26-076631 |
| 2026-06-17 | 06:39 ET | [6-K](/filings/0001104659-26-074836.md) | Report of a foreign private issuer, period 2026-06-17 | 0001104659-26-074836 |
| 2026-04-28 | 07:20 ET | [20-F](/filings/0001104659-26-049772.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001104659-26-049772 |
| 2026-03-25 | 09:26 ET | [6-K](/filings/0001104659-26-034227.md) | Report of a foreign private issuer, period 2026-03-25 | 0001104659-26-034227 |
| 2025-12-03 | 07:12 ET | [6-K](/filings/0001104659-25-117944.md) | Report of a foreign private issuer, period 2025-12-03 | 0001104659-25-117944 |
| 2025-12-03 | 07:02 ET | [6-K](/filings/0001104659-25-117939.md) | Report of a foreign private issuer, period 2025-12-03 | 0001104659-25-117939 |
| 2025-09-04 | 06:27 ET | [6-K](/filings/0001104659-25-087282.md) | Report of a foreign private issuer, period 2025-09-04 | 0001104659-25-087282 |
| 2025-06-05 | 07:08 ET | [6-K](/filings/0001104659-25-056664.md) | Report of a foreign private issuer, period 2025-06-05 | 0001104659-25-056664 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-049772.md), filed Apr 28, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1823986
- Tickers: WDH
- Exchange: NYSE
- SIC code: 6411 Insurance Agents, Brokers & Service
- State of incorporation: E9
- Filer category: Accelerated filer<br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.
