Waterdrop Inc. announced unaudited financial results for Q4 and FY 2025, with Q4 net operating revenue of US$201.8 million up 105.5% year-over-year and net profit attributable to ordinary shareholders of US$23.2 million. The company declared a cash dividend of approximately US$10.8 million and reported cumulative repurchases of 60.7 million ADSs for US$118.1 million as of end of February 2026.
Key takeaways
Q4 2025 net operating revenue RMB1,411.2 million (US$201.8 million), +105.5% YoY
Q4 2025 insurance-related income RMB1,310.4 million (US$187.4 million), +125.0% YoY
Q4 2025 operating profit RMB83.9 million (US$12.0 million), +58.4% YoY
Q4 2025 net profit attributable to ordinary shareholders RMB162.1 million (US$23.2 million), +62.7% YoY
FY 2025 net operating revenue RMB3,977.8 million (US$568.8 million), +43.5% YoY
Board approved cash dividend of approximately US$10.8 million; cumulative repurchase of 60.7 million ADSs for US$118.1 million as of end February 2026