Waterdrop Inc. (WDH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Revenue | 837.96M | 753.69M | 686.82M | 704.14M | 676.16M | 704.7M | 659.36M | 686.48M | 678.7M | 606.16M | 679.47M | 772.19M | 701.42M | 648.69M | 603.89M | 779.3M | 939.35M | 883.37M | 830.34M | 862.97M |
| Revenue Growth % | 23.93% | 6.95% | 4.16% | 2.57% | -0.37% | 16.26% | -2.96% | -11.1% | -3.24% | -6.56% | 12.52% | -0.91% | -25.33% | -26.57% | -27.27% | -9.7% | 37.97% | 35.11% | 54.41% | 128.46% |
| Medical Costs & Claims | 416.49M | 374.22M | 621.29M | 340.56M | 319.1M | 331.24M | 692.68M | 312.28M | 333.14M | 247.98M | 278.57M | 341.29M | 244.62M | 154.88M | 197.13M | 296.32M | 260.42M | 300.61M | 250.88M | 198.66M |
| Medical Cost Ratio % | 49.7% | 49.65% | 90.46% | 48.37% | 47.19% | 47% | 105.05% | 45.49% | 49.09% | 40.91% | 41% | 44.2% | 34.87% | 23.88% | 32.64% | 38.02% | 27.72% | 34.03% | 30.21% | 23.02% |
| Gross Profit | 421.47M | 379.48M | 65.54M | 363.58M | 357.06M | 373.46M | -33.31M | 374.2M | 345.56M | 358.18M | 400.9M | 430.9M | 456.8M | 493.81M | 406.75M | 482.99M | 678.94M | 582.76M | 579.47M | 664.32M |
| Gross Margin % | 50.3% | 50.35% | 9.54% | 51.63% | 52.81% | 53% | -5.05% | 54.51% | 50.91% | 59.09% | 59% | 55.8% | 65.13% | 76.12% | 67.36% | 61.98% | 72.28% | 65.97% | 69.79% | 76.98% |
| Gross Profit Growth % | 18.04% | 1.61% | 296.73% | -2.84% | 3.33% | 4.26% | -108.31% | -13.16% | -24.35% | -27.47% | -1.44% | -10.78% | -32.72% | -15.26% | -29.81% | -27.3% | 30.21% | 11.96% | 52.6% | 117.87% |
| Operating Expenses | 324.13M | 303.58M | 12.58M | 337.11M | 304.69M | 327.09M | -59.95M | 376.27M | 387.2M | 347.85M | 328.04M | 298.34M | 300.88M | 377.16M | 480.69M | 995.98M | 1.49B | 1.04B | 852.22M | 783.95M |
| OpEx / Revenue % | 38.68% | 40.28% | 1.83% | 47.88% | 45.06% | 46.42% | -9.09% | 54.81% | 57.05% | 57.39% | 48.28% | 38.63% | 42.9% | 58.14% | 79.6% | 127.8% | 159.08% | 118.11% | 102.63% | 90.84% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 3.39M | 43.28K | 0 | 0 | 5.74M | 5.74M | 0 | 0 | 0 | 0 | 4.52M | 4.52M | 4.52M | 4.52M | 8.19M | 3.27M |
| Combined Ratio % | 88.38% | 89.93% | 92.29% | 96.24% | 92.26% | 93.42% | 95.96% | 100.3% | 106.14% | 98.3% | 89.28% | 82.83% | 77.77% | 82.02% | 112.24% | 165.83% | 186.8% | 152.14% | 132.85% | 113.86% |
| Operating Income | 97.34M | 75.89M | 52.96M | 26.47M | 52.36M | 46.36M | 26.64M | -2.07M | -41.64M | 10.33M | 72.86M | 132.56M | 155.92M | 116.64M | -73.94M | -512.99M | -815.36M | -460.56M | -272.75M | -119.63M |
| Operating Margin % | 11.62% | 10.07% | 7.71% | 3.76% | 7.74% | 6.58% | 4.04% | -0.3% | -6.14% | 1.7% | 10.72% | 17.17% | 22.23% | 17.98% | -12.24% | -65.83% | -86.8% | -52.14% | -32.85% | -13.86% |
| Operating Income Growth % | 85.88% | 63.69% | 98.81% | 1379.98% | 225.75% | 348.92% | -63.44% | -101.56% | -126.71% | -91.15% | 198.54% | 125.84% | 119.12% | 125.33% | 72.89% | -328.81% | -11419.7% | -314.66% | -70.83% | -146.05% |
| EBITDA | 97.34M | 75.89M | 52.96M | 26.47M | 55.75M | 46.41M | 26.64M | -2.07M | -35.9M | 16.07M | 72.86M | 132.56M | 155.92M | 116.64M | -69.41M | -508.47M | -810.84M | -456.03M | -264.56M | -116.36M |
| EBITDA Margin % | 11.62% | 10.07% | 7.71% | 3.76% | 8.25% | 6.59% | 4.04% | -0.3% | -5.29% | 2.65% | 10.72% | 17.17% | 22.23% | 17.98% | -11.49% | -65.25% | -86.32% | -51.62% | -31.86% | -13.48% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pretax Income | 137.37M | 117.58M | 93.4M | 87.31M | 90.73M | 89.14M | 71.1M | 34.85M | 11.19M | 47.1M | 126.75M | 160.48M | 187.19M | 156.28M | -66.16M | -485.22M | -799.23M | -444.46M | -417.37M | -114.01M |
| Pretax Margin % | 16.39% | 15.6% | 13.6% | 12.4% | 13.42% | 12.65% | 10.78% | 5.08% | 1.65% | 7.77% | 18.65% | 20.78% | 26.69% | 24.09% | -10.96% | -62.26% | -85.08% | -50.31% | -50.26% | -13.21% |
| Income Tax | -2.85M | 13.33M | 1.94M | -7.84M | 7.03M | 8.59M | 15.16M | -1.48M | -10.5M | -2.63M | 545K | -9.13M | -19.76M | 51.32M | 5.03M | -8.25M | -143.47M | -74.3M | -13.57M | 25.31M |
| Effective Tax Rate % | -2.08% | 11.33% | 2.07% | -8.98% | 7.74% | 9.63% | 21.33% | -4.24% | -93.84% | -5.58% | 0.43% | -5.69% | -10.55% | 32.84% | -7.61% | 1.7% | 17.95% | 16.72% | 3.25% | -22.2% |
| Net Income | 140.16M | 108.19M | 105.78M | 92.81M | 88.29M | 80.63M | 59.06M | 36.74M | 21.7M | 49.73M | 126.2M | 169.61M | 206.94M | 104.96M | -71.2M | -476.98M | -655.75M | -370.16M | -403.8M | -139.32M |
| Net Margin % | 16.73% | 14.36% | 15.4% | 13.18% | 13.06% | 11.44% | 8.96% | 5.35% | 3.2% | 8.2% | 18.57% | 21.97% | 29.5% | 16.18% | -11.79% | -61.21% | -69.81% | -41.9% | -48.63% | -16.14% |
| Net Income Growth % | 58.75% | 34.18% | 79.12% | 152.59% | 306.92% | 62.16% | -53.2% | -78.34% | -89.52% | -52.62% | 277.26% | 135.56% | 131.56% | 128.36% | 82.37% | -242.36% | -3451226.32% | -206.6% | -78.67% | -73.32% |
| EPS (Diluted) | 0.40 | 0.30 | 0.27 | 0.25 | 0.24 | 0.20 | 0.16 | 0.10 | 0.10 | 0.10 | 0.30 | 0.42 | 0.52 | 0.26 | -0.18 | -1.21 | -2.30 | -0.94 | -1.26 | -0.43 |
| EPS Growth % | 66.67% | 50% | 68.75% | 150% | 140% | 100% | -46.67% | -76.19% | -80.77% | -61.54% | 266.67% | 134.71% | 122.61% | 127.66% | 85.71% | -181.4% | - | -147.37% | -80% | -72% |
| EPS (Basic) | 0.39 | 0.30 | 0.28 | 0.26 | 0.20 | 0.22 | 0.16 | 0.10 | 0.10 | 0.10 | 0.30 | 0.43 | 0.53 | 0.27 | -0.18 | -1.21 | -2.30 | -0.94 | -1.26 | -0.43 |
| Diluted Shares Outstanding | 371.11M | 371.2M | 369.95M | 368.94M | 373.44M | 375.65M | 376.23M | 380.85M | 394.96M | 402.74M | 406.71M | 399.91M | 400.61M | 401.79M | 393.51M | 394.07M | 285.4M | 394.13M | 321.51M | 321.51M |