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20-F

Annual Report (Foreign)

Waterdrop Inc. WDH

0001104659-26-049772

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Filed
Apr 28, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 3.71B sh
Shares Diluted FY 2025 · Dec 31, 2024 3.72B sh
Shares Diluted FY 2025 · Dec 31, 2023 3.88B sh
Shares Outstanding FY 2025 · Dec 31, 2025 3.61B sh
Dividends Paid FY 2025 · Dec 31, 2025 $18.65M
Dividends Paid FY 2025 · Dec 31, 2025 ¥130.41M
Dividends Paid FY 2025 · Dec 31, 2024 ¥158.67M
Capex FY 2025 · Dec 31, 2025 $4.24M
Capex FY 2025 · Dec 31, 2025 ¥29.63M
Capex FY 2025 · Dec 31, 2024 ¥218.42M
Capex FY 2025 · Dec 31, 2023 ¥13.52M
Operating Cash Flow FY 2025 · Dec 31, 2025 $34.88M
Operating Cash Flow FY 2025 · Dec 31, 2025 ¥243.92M
Operating Cash Flow FY 2025 · Dec 31, 2024 ¥437.25M
Operating Cash Flow FY 2025 · Dec 31, 2023 ¥406.52M
Short Term Debt FY 2025 · Dec 31, 2025 $6.72M
Short Term Debt FY 2025 · Dec 31, 2025 ¥47M
Short Term Debt FY 2025 · Dec 31, 2024 ¥198.37M
Short Term Investments FY 2025 · Dec 31, 2025 $75.89M
Short Term Investments FY 2025 · Dec 31, 2025 ¥530.67M
Short Term Investments FY 2025 · Dec 31, 2024 ¥1.61B
Cash And Equivalents FY 2025 · Dec 31, 2025 $69.07M
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥483M
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥986.32M
Cash And Equivalents FY 2025 · Dec 31, 2023 ¥396.91M
Stockholders Equity FY 2025 · Dec 31, 2025 $736.72M
Stockholders Equity FY 2025 · Dec 31, 2025 ¥5.15B
Stockholders Equity FY 2025 · Dec 31, 2024 ¥4.8B
Stockholders Equity FY 2025 · Dec 31, 2023 ¥4.59B
Stockholders Equity FY 2025 · Dec 31, 2022 ¥4.77B
Current Liabilities FY 2025 · Dec 31, 2025 $270.62M
Current Liabilities FY 2025 · Dec 31, 2025 ¥1.89B
Current Liabilities FY 2025 · Dec 31, 2024 ¥1.48B
Total Liabilities FY 2025 · Dec 31, 2025 $278.69M
Total Liabilities FY 2025 · Dec 31, 2025 ¥1.95B
Total Liabilities FY 2025 · Dec 31, 2024 ¥1.58B
Current Assets FY 2025 · Dec 31, 2025 $569.25M
Current Assets FY 2025 · Dec 31, 2025 ¥3.98B
Current Assets FY 2025 · Dec 31, 2024 ¥4.64B
Total Assets FY 2025 · Dec 31, 2025 $1.02B
Total Assets FY 2025 · Dec 31, 2025 ¥7.1B
Total Assets FY 2025 · Dec 31, 2024 ¥6.45B
Eps Diluted FY 2025 · Dec 31, 2025 $0.02
Eps Diluted FY 2025 · Dec 31, 2025 ¥0.15
Eps Diluted FY 2025 · Dec 31, 2024 ¥0.10
Eps Diluted FY 2025 · Dec 31, 2023 ¥0.04
Eps Basic FY 2025 · Dec 31, 2025 $0.02
Eps Basic FY 2025 · Dec 31, 2025 ¥0.16
Eps Basic FY 2025 · Dec 31, 2024 ¥0.10
Eps Basic FY 2025 · Dec 31, 2023 ¥0.04
Sga Expense FY 2025 · Dec 31, 2025 $44.35M
Sga Expense FY 2025 · Dec 31, 2025 ¥310.13M
Sga Expense FY 2025 · Dec 31, 2024 ¥367.65M
Sga Expense FY 2025 · Dec 31, 2023 ¥402.4M
Rd Expense FY 2025 · Dec 31, 2025 $33.27M
Rd Expense FY 2025 · Dec 31, 2025 ¥232.68M
Rd Expense FY 2025 · Dec 31, 2024 ¥216.5M
Rd Expense FY 2025 · Dec 31, 2023 ¥299.06M
Net Income FY 2025 · Dec 31, 2025 ¥568.94M
Net Income FY 2025 · Dec 31, 2024 ¥367.51M
Net Income FY 2025 · Dec 31, 2023 ¥167.22M
Operating Income FY 2025 · Dec 31, 2025 $53.03M
Operating Income FY 2025 · Dec 31, 2025 ¥370.86M
Operating Income FY 2025 · Dec 31, 2024 ¥178.16M
Operating Income FY 2025 · Dec 31, 2023 −¥6.74M
Revenue FY 2025 · Dec 31, 2025 $568.81M
Revenue FY 2025 · Dec 31, 2025 ¥3.98B
Revenue FY 2025 · Dec 31, 2024 ¥2.77B
Revenue FY 2025 · Dec 31, 2023 ¥2.63B