Waterdrop Inc.
Waterdrop Inc. (WDH) Revenue
Annual & quarterly revenue history · segment & region breakdown
WDH · revenue · updated Jun 9, 2026
Core revenue metrics
Trailing 12 monthsWaterdrop Inc. trailing twelve-month (TTM) revenue is $3.96B, an increase of 39.60% year-over-year from $3.87B in FY2025.
Revenue trend
2025 – 2018 · AnnualRevenue history
| Fiscal year end | Revenue | Change | Growth |
|---|---|---|---|
| 2025-12-31 | $3.87B | +$1.10B | +39.60% |
| 2024-12-31 | $2.77B | +$0.14B | +5.36% |
| 2023-12-31 | $2.63B | -$0.17B | -6.11% |
| 2022-12-31 | $2.80B | -$0.40B | -12.61% |
| 2021-12-31 | $3.21B | +$0.18B | +5.88% |
| 2020-12-31 | $3.03B | +$1.52B | +100.40% |
| 2019-12-31 | $1.51B | +$1.27B | +534.46% |
| 2018-12-31 | $0.24B | — | — |
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Revenue breakdown
Segment & GeographyAbout Revenue & Reporting
Revenue (also called sales, net sales, or turnover) is the total income Waterdrop Inc. receives from its business operations before deducting any costs or expenses. It is the top line of the income statement. Unlike net income or earnings, revenue does not account for operating costs, taxes, interest, or depreciation.
Waterdrop Inc. reports revenue on a fiscal year ending Dec 31 basis under US GAAP, denominated in CNY.
Data sourced from Waterdrop Inc.'s 10-K and 10-Q SEC filings via Financial Modeling Prep.
Frequently asked questions
WDH revenue · 4 questionsWDH's trailing twelve-month (TTM) revenue is $3.96B. That is an increase of 39.60% year-over-year from $3.87B in FY2025.
▸ Source: FMP · Waterdrop Inc. SEC filings · GAAP · Waterdrop Inc. SEC 10-K & 10-Q filings · US GAAP · Updated: Jun 9, 2026