7Baggers

Waterdrop Inc
(NYSE:WDH) 

WDH stock logo

Waterdrop is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. It's the largest independent third-party insurance platform in China in terms of life and health insurance first year premiums, distributed in 2020, according to iResearch.

Founded: 2016
Sector: Technology
Industry:
InsuranceChinese
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2025-12-03 2025-09-04 2025-06-05 2025-03-12 2024-12-31 2024-12-11 2024-09-04 2024-06-05 2024-03-26 2023-12-31 2023-12-07 2023-09-07 2023-06-02 2023-03-17 2022-12-31 2022-12-06 2022-09-09 2022-06-15 2022-03-22 2021-12-31 2021-11-30 2021-09-08 2021-06-17 
                           
      operating revenue
    		837,959,000 753,694,000 753,694,000 704,141,000 686,824,000 676,156,000 704,700,000 704,700,000 686,478,000 659,364,000 678,700,000 606,165,000 606,165,000 772,192,000 679,470,000 701,418,000 648,688,000 648,688,000 779,305,000 603,888,000 939,354,000 939,354,000 883,367,000 
      operating costs and expenses
    		                       
      operating costs
    		-416,493,000  -374,218,000 -340,560,000 -323,836,000 -319,101,000 -331,243,000 -331,243,000 -312,278,000 -302,143,000 -333,140,000 -247,983,000 -247,983,000 -341,293,000 -278,573,000 -244,616,000 -154,880,000 -154,880,000 -296,317,000 -197,133,000 -260,417,000 -260,417,000 -300,608,000 
      sales and marketing expenses
    		-198,785,000  -172,396,000 -173,172,000 -182,038,000 -157,413,000 -182,146,000 -182,146,000 -187,685,000 -174,817,000 -204,548,000 -173,401,000 -173,401,000 -137,919,000 -137,793,000 -144,423,000 -204,343,000 -204,343,000 -781,671,000 -241,010,000 -1,244,935,000 -1,244,935,000 -837,153,000 
      general and administrative expenses
    		-73,400,000  -74,943,000 -110,988,000 -73,725,000 -93,978,000 -88,961,000 -88,961,000 -114,641,000 -95,959,000 -95,997,000 -95,798,000 -95,798,000 -82,039,000 -118,563,000 -86,054,000 -101,995,000 -101,995,000 -111,419,000 -148,715,000 -149,101,000 -149,101,000 -121,287,000 
      research and development expenses
    		-51,945,000  -56,244,000 -52,951,000 -54,265,000 -53,300,000 -55,986,000 -55,986,000 -73,942,000 -59,806,000 -86,657,000 -78,655,000 -78,655,000 -78,378,000 -71,685,000 -70,402,000 -70,825,000 -70,825,000 -102,889,000 -90,967,000 -100,259,000 -100,259,000 -84,875,000 
      total operating costs and expenses
    		-740,623,000  -677,801,000 -677,671,000 -633,864,000 -623,792,000 -658,336,000 -658,336,000 -688,546,000 -632,725,000 -720,342,000 -595,837,000 -595,837,000 -639,629,000 -606,614,000 -545,495,000 -532,043,000 -532,043,000 -1,292,296,000 -677,825,000 -1,754,712,000 -1,754,712,000 -1,343,923,000 
      operating profit
    		97,336,000 75,893,000 75,893,000 26,470,000 52,960,000 52,364,000 46,364,000 46,364,000 -2,068,000 26,639,000 -41,642,000 10,328,000 10,328,000 132,563,000 72,856,000 155,923,000 116,645,000 116,645,000    -815,358,000  
      yoy
    		83.79% 44.93% 63.69% -42.91% -2660.93% 96.57% -211.34% 348.92% -120.02% -79.90% -157.16% -93.38% -91.15% 13.65%    -114.31%      
      qoq
    		28.25% 0.00% 186.71% -50.02% 1.14% 12.94% 0.00% -2341.97% -107.76% -163.97% -503.20% 0.00% -92.21% 81.95% -53.27% 33.67% 0.00%       
      other income
    		                       
      interest income
    		29,534,000 33,814,000 33,814,000 36,005,000 35,802,000 37,510,000 39,804,000 39,804,000 32,890,000 34,659,000 37,618,000 30,876,000 30,876,000 24,331,000 27,677,000 15,213,000 14,492,000 14,492,000 11,928,000 12,192,000 11,327,000 11,327,000 13,215,000 
      foreign currency exchange gain
    		2,656,000  -2,103,000 7,909,000 -963,000 -444,000 1,514,000 1,514,000 -3,734,000 6,956,000 838,000 282,000 282,000 -1,012,000 4,260,000 163,000 653,000 653,000 12,708,000 -5,616,000 1,473,000 1,473,000 784,000 
      others
    		7,842,000 9,979,000 9,979,000 16,928,000 5,604,000 1,300,000 1,463,000 1,463,000 7,758,000 2,848,000 14,379,000 5,613,000 5,613,000 4,598,000 21,954,000 15,888,000 24,489,000 24,489,000 3,133,000 1,198,000 3,332,000 3,332,000 2,101,000 
      profit before income tax
    		137,368,000 117,583,000 117,583,000 87,312,000 93,403,000 90,730,000 89,145,000 89,145,000 34,846,000 71,102,000 11,193,000 47,099,000 47,099,000 160,480,000 125,986,500 187,187,000 156,279,000       
      income tax benefit
    		2,852,000   7,843,000 -1,942,750 -7,026,000 -8,588,000 -8,588,000 1,479,000 -15,164,000 10,504,000 2,626,000 2,626,000 9,134,000 -545,000 19,756,000 -51,321,000 -51,321,000 8,247,000 56,505,250 143,474,000 143,474,000 74,300,000 
      net profit
    		140,220,000 104,255,000 104,255,000 95,155,000 91,467,000 83,704,000 80,557,000 80,557,000 36,325,000 55,938,000 21,697,000 49,725,000 49,725,000 169,614,000 120,378,750 206,943,000 104,958,000 104,958,000      
      net profit attributable to mezzanine equity classified as non-controlling interests shareholders
    		61,000    -577,750 -4,586,000                  
      net profit attributable to ordinary shareholders
    		140,159,000 108,195,000 108,195,000 98,973,000 105,783,000 88,290,000 80,632,000 80,632,000 36,742,000 59,057,000 21,697,000 49,725,000 49,725,000 169,614,000 126,202,000 206,943,000 104,958,000 104,958,000      
      other comprehensive income:
    		                       
      foreign currency translation adjustment, net of tax
    		-33,283,000  -14,056,000 -83,054,000 -11,103,500 13,497,000 25,143,000 25,143,000 8,983,000 19,200,750 64,434,000 3,386,000 3,386,000 93,742,000 42,465,000 83,901,000 -7,783,000 -7,783,000 -14,140,000 -6,543,750 -9,253,000 -9,253,000 -2,782,000 
      unrealized gain on available for sale investments, net of tax
    		-18,771,000 17,612,000 17,612,000                     
      total comprehensive income
    		88,166,000 107,811,000 107,811,000 12,101,000 151,324,000 97,201,000 105,700,000 105,700,000 45,308,000 16,548,000 82,623,000 55,068,000            
      total comprehensive profit attributable to mezzanine equity classified as non-controlling interests shareholders
    		61,000    -577,750 -4,586,000                  
      total comprehensive income attributable to ordinary shareholders
    		88,105,000 111,751,000 111,751,000 15,919,000 165,640,000 101,787,000 105,775,000 105,775,000                
      weighted average number of ordinary shares used in computing net profit per share
    		                       
      basic
    		3,608,253,358     3,660,589,600 3,696,619,172                 
      diluted
    		3,711,084,352     3,734,346,444 3,756,462,107                 
      net profit per share attributable to ordinary shareholders
    		                       
      basic
    		0.04 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.04 0.03 0.05 0.03 0.03      
      diluted
    		0.04 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.01 0.04 0.03 0.05 0.03 0.03      
      weighted-average number of ordinary shares used in computing net profit per share
    		                       
      basic
    		 3,620,380,862 3,620,380,862 3,624,431,887 3,650,504,339   3,696,619,172 3,719,628,339 3,769,679,736 3,795,521,186 3,866,785,745 3,866,785,745 3,916,993,146 3,921,388,720 3,926,602,657 3,938,758,720 3,938,758,720      
      diluted
    		 3,711,999,000 3,711,999,000 3,689,357,838 3,719,776,955   3,756,462,107 3,808,529,672 3,880,861,496 3,949,592,050 4,027,428,601 4,027,428,601 3,999,147,416 4,022,467,160 4,006,060,346 4,017,949,706 4,017,949,706      
      income tax expense
    		  -13,328,000                     
      net loss attributable to mezzanine equity classified as non-controlling interests shareholders
    		  -3,940,000 -3,818,000   -75,000 -75,000                
      total comprehensive loss attributable to mezzanine equity classified as non-controlling interests shareholders
    		  -3,940,000 -3,818,000   -75,000 -75,000                
      unrealized loss on available for sale investments, net of tax
    		                       
      net loss attributable to non-controlling interests shareholders
    		        -417,000 -104,250              
      unrealized gains/(loss) on available for sale investments, net of tax
    		          -3,508,000 1,957,000  341,000     -181,000   -848,000  
      net profit attributable to waterdrop inc.
    		           49,725,000 49,725,000 169,614,000 126,202,000 206,943,000 104,958,000 104,958,000      
      unrealized gains on available for sale investments, net of tax
    		            1,957,000  -4,339,000 3,100,000 1,072,000 1,072,000  154,000 -848,000  1,067,000 
      comprehensive income
    		            55,068,000 263,697,000 163,972,000 293,944,000 98,247,000 98,247,000    -665,853,000  
      preferred shares redemption value accretion
    		                    -42,000,000 -42,000,000 -110,287,000 
      profit before income tax, and share of loss in equity method investee
    		                 156,279,000    -799,226,000  
      other comprehensive income :
    		                       
      operating income
    		                  -512,991,000 -73,937,000 -815,358,000  -460,556,000 
      fair value change of warrant
    		                       
      loss before income tax, and share of loss in equity method investee
    		                  -485,222,000 -432,226,000 -799,226,000  -444,456,000 
      share of loss in equity method investee
    		                       
      net loss attributable to waterdrop inc.
    		                  -476,975,000 -71,197,000 -655,752,000 -655,752,000 -370,156,000 
      deemed dividend on modification on preferred shares
    		                       
      deemed dividend upon issuance of warrants
    		                       
      net loss attributable to ordinary shareholders
    		                  -476,975,000 -71,197,000 -697,752,000 -697,752,000 -480,443,000 
      net income
    		                  -476,975,000 -375,720,750 -655,752,000 -655,752,000 -370,156,000 
      yoy
    		                  28.86%     
      qoq
    		                  26.95% -42.70% 0.00% 77.16%  
      comprehensive loss
    		                  -491,296,000 -382,255,000 -665,853,000  -371,871,000 
      weighted-average number of ordinary shares used in computing net loss per share
    		                       
      basic and diluted
    		                  3,940,716,014 2,990,507,749 2,854,023,284 2,854,023,284 1,191,599,014 
      net income per share
    		                       
      basic and diluted
    		                  -0.12 0.04 -0.24 -0.24 -0.4 
      other comprehensive loss:
    		                       
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-12-03 2025-09-30 2025-09-04 2025-06-30 2025-03-31 2025-03-12 2024-12-31 2024-12-11 2024-09-30 2024-09-04 2024-06-30 2024-06-05 2024-03-31 2024-03-26 2023-12-31 2023-12-07 2023-09-30 2023-09-07 2023-06-30 2023-06-02 2023-03-31 2023-03-17 2022-12-31 2022-12-06 2022-09-30 2022-09-09 2022-06-30 2022-06-15 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-06-17 2021-03-31 
                                        
        assets
      		                                  
        current assets
      		                                  
        cash and cash equivalents
      		344,532,000 344,532,000 722,006,000 722,006,000 1,158,059,000,000,000 986,323,000 986,323,000 442,145,000 442,145,000,000,000 719,036,000 719,036,000 321,780,000 321,780,000 396,905,000 396,905,000 441,167,000 441,167,000 644,340,000 644,340,000 722,800,000 722,800,000 1,574,171,000 1,574,171,000 598,353,000 598,353,000 868,593,000 868,593,000 334,275,000 334,275,000 8,483,000,000 710,784,000 893,361,000 1,107,394,000 1,107,394,000 
        restricted cash
      		534,131,000 534,131,000 637,817,000 637,817,000 603,924,000,000,000 520,588,000 520,588,000 474,683,000 474,683,000,000,000 507,151,000 507,151,000 404,201,000 404,201,000 577,121,000 577,121,000 551,341,000 551,341,000 536,890,000 536,890,000 523,644,000 523,644,000 517,364,000 517,364,000 464,646,000 464,646,000 444,248,000 444,248,000 516,457,000 516,457,000  619,532,000 594,395,000 598,027,000 598,027,000 
        short-term investments
      		1,104,844,000 1,104,844,000 942,293,000 942,293,000 778,068,000,000,000  1,612,619,000 1,912,873,000 1,912,873,000,000,000 2,214,227,000 2,214,227,000 3,162,661,000 3,162,661,000 2,996,527,000 2,996,527,000   2,754,859,000 2,754,859,000 2,874,526,000 2,874,526,000 2,130,377,000 2,130,377,000 2,990,238,000 2,990,238,000 2,419,525,000 2,419,525,000 2,589,917,000 2,589,917,000 414,921,000,000 1,900,328,000 2,342,975,000 519,661,000 519,661,000 
        accounts receivable
      		833,383,000 833,383,000 838,571,000 838,571,000 768,855,000,000,000 716,206,000 716,206,000 755,427,000 755,427,000,000,000 718,002,000 718,002,000 726,815,000 726,815,000 693,110,000 693,110,000 817,638,000 817,638,000 836,777,000 836,777,000 692,826,000 692,826,000 675,796,000 675,796,000 762,402,000 762,402,000 663,053,000 663,053,000 687,696,000 687,696,000  713,746,000 626,107,000 645,463,000 645,463,000 
        current contract assets
      		738,984,000 738,984,000 679,254,000 679,254,000 632,525,000,000,000 619,436,000 619,436,000 631,507,000 631,507,000,000,000 611,290,000 611,290,000 594,282,000 594,282,000 572,871,000 572,871,000 569,966,000 569,966,000 471,233,000 471,233,000 456,233,000 456,233,000 450,085,000 450,085,000 389,314,000 389,314,000 383,435,000 383,435,000 466,770,000 466,770,000  732,181,000 893,226,000 820,264,000 820,264,000 
        amount due from related parties
      		226,000 226,000 315,000 315,000 270,000,000,000 257,000 257,000 250,000 250,000,000,000 169,000 169,000 163,000 163,000 65,000 65,000 410,000 410,000 240,000 240,000 107,000 107,000 358,000 358,000 477,000 477,000 256,000 256,000 169,000 169,000  464,000 906,000 439,000 439,000 
        prepaid expense and other assets
      		209,110,000 209,110,000 202,457,000 202,457,000 192,849,000,000,000 182,641,000 182,641,000 192,153,000 192,153,000,000,000 194,769,000 194,769,000 163,368,000 163,368,000 189,846,000 189,846,000 215,531,000 215,531,000 255,534,000 255,534,000 257,578,000 257,578,000 342,468,000 342,468,000 338,962,000 338,962,000 409,748,000 409,748,000 353,471,000 353,471,000 14,993,000,000 505,296,000 474,825,000 499,674,000 499,674,000 
        total current assets
      		3,765,210,000 3,765,210,000 4,022,713,000 4,022,713,000 4,134,550,000,000,000 4,638,070,000 4,638,070,000 4,409,038,000 4,409,038,000,000,000 4,964,644,000 4,964,644,000 5,373,270,000 5,373,270,000 5,426,445,000 5,426,445,000 5,293,870,000 5,293,870,000 5,499,873,000 5,499,873,000 5,527,714,000 5,527,714,000 5,690,619,000 5,690,619,000 5,544,392,000 5,544,392,000 5,188,858,000 5,188,858,000 4,949,081,000 4,949,081,000  5,182,331,000 5,825,795,000 4,190,922,000 4,190,922,000 
        non-current assets
      		                                  
        non-current contract assets
      		228,739,000 228,739,000 195,902,000 195,902,000 171,226,000,000,000 153,749,000 153,749,000 141,262,000 141,262,000,000,000 154,745,000 154,745,000 141,542,000 141,542,000 134,383,000 134,383,000 124,222,000 124,222,000 110,460,000 110,460,000 104,591,000 104,591,000 103,591,000 103,591,000 93,728,000 93,728,000 70,581,000 70,581,000 50,410,000 50,410,000  26,998,000 23,541,000 24,215,000 24,215,000 
        property, equipment and software
      		256,795,000 256,795,000 246,610,000 246,610,000 240,846,000,000,000 240,024,000 240,024,000 237,616,000 237,616,000,000,000 30,729,000 30,729,000 32,950,000 32,950,000 33,878,000 33,878,000 37,618,000 37,618,000 33,898,000 33,898,000 31,465,000 31,465,000 31,397,000 31,397,000 35,302,000 35,302,000 38,298,000 38,298,000 40,920,000 40,920,000  46,525,000 42,917,000 36,873,000 36,873,000 
        intangible assets
      		152,914,000 152,914,000 152,946,000 152,946,000 152,979,000,000,000 153,011,000 153,011,000 153,043,000 153,043,000,000,000 173,635,000 173,635,000 173,667,000 173,667,000 177,407,000 177,407,000 177,536,000 177,536,000 56,571,000 56,571,000 56,580,000 56,580,000 56,614,000 56,614,000 56,649,000 56,649,000 56,684,000 56,684,000 56,718,000 56,718,000  57,524,000 56,822,000 56,806,000 56,806,000 
        long-term investments
      		2,104,713,000 2,104,713,000 1,786,589,000 1,786,589,000 1,649,792,000,000,000 1,114,160,000 1,114,160,000 1,122,407,000 1,122,407,000,000,000 581,813,000 581,813,000 217,397,000 217,397,000 211,758,000 211,758,000 216,305,000 216,305,000 98,586,000 98,586,000 9,900,000 9,900,000 11,969,000 11,969,000 12,034,000 12,034,000 11,909,000 11,909,000 11,802,000 11,802,000 1,912,000,000 1,933,000 2,721,000 2,749,000 2,749,000 
        right of use assets
      		23,240,000 23,240,000 17,185,000 17,185,000 36,970,000,000,000 46,872,000 46,872,000 55,149,000 55,149,000,000,000 63,580,000 63,580,000 68,512,000 68,512,000 59,851,000 59,851,000 66,192,000 66,192,000 68,186,000 68,186,000 70,162,000 70,162,000 18,447,000 18,447,000 24,944,000 24,944,000 38,001,000 38,001,000 52,076,000 52,076,000  69,790,000 70,160,000 57,001,000 57,001,000 
        deferred tax assets
      		1,093,000 1,093,000 20,332,000 20,332,000 21,278,000,000,000 27,028,000 27,028,000 29,297,000 29,297,000,000,000 31,279,000 31,279,000 25,042,000 25,042,000 24,190,000 24,190,000 14,872,000 14,872,000 9,796,000 9,796,000 7,016,000 7,016,000 6,166,000 6,166,000        15,786,000 6,012,000   
        goodwill
      		80,751,000 80,751,000 80,751,000 80,751,000 80,751,000,000,000 80,751,000 80,751,000 80,751,000 80,751,000,000,000 80,751,000 80,751,000 80,751,000 80,751,000 80,751,000 80,751,000   3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000 3,420,000  3,119,000 3,119,000 3,119,000 3,119,000 
        total non-current assets
      		2,848,245,000 2,848,245,000 2,500,315,000 2,500,315,000 2,353,842,000,000,000 1,815,595,000 1,815,595,000 1,819,525,000 1,819,525,000,000,000 1,116,532,000 1,116,532,000 739,861,000 739,861,000 722,218,000 722,218,000 717,496,000 717,496,000 380,917,000 380,917,000 283,134,000 283,134,000 231,604,000 231,604,000 226,077,000 226,077,000 218,893,000 218,893,000 215,346,000 215,346,000  221,675,000 205,292,000 180,763,000 180,763,000 
        total assets
      		6,613,455,000 6,613,455,000 6,523,028,000 6,523,028,000 6,488,392,000,000,000 6,453,665,000 6,453,665,000 6,228,563,000 6,228,563,000,000,000 6,081,176,000 6,081,176,000 6,113,131,000 6,113,131,000 6,148,663,000 6,148,663,000 6,011,366,000 6,011,366,000 5,880,790,000 5,880,790,000 5,810,848,000 5,810,848,000 5,922,223,000 5,922,223,000 5,770,469,000 5,770,469,000 5,407,751,000 5,407,751,000 5,164,427,000 5,164,427,000 4,325,901,000,000 5,404,006,000 6,031,087,000 4,371,685,000 4,371,685,000 
        liabilities, mezzanine equity and shareholders' equity
      		                                  
        current liabilities
      		                                  
        amount due to related parties
      		3,794,000 3,794,000 9,834,000 9,834,000 10,851,000,000,000 10,616,000 10,616,000 10,043,000 10,043,000,000,000 10,031,000 10,031,000 12,794,000 12,794,000 9,509,000 9,509,000 11,604,000 11,604,000 11,734,000 11,734,000 11,009,000 11,009,000 11,553,000 11,553,000 11,886,000 11,886,000 8,995,000 8,995,000 16,036,000 16,036,000  20,722,000 14,616,000 12,295,000 12,295,000 
        insurance premium payables
      		511,809,000 511,809,000 608,994,000 608,994,000 624,202,000,000,000 537,344,000 537,344,000 493,596,000 493,596,000,000,000 521,272,000 521,272,000 405,672,000 405,672,000 591,953,000 591,953,000 571,552,000 571,552,000 555,903,000 555,903,000 523,151,000 523,151,000 516,661,000 516,661,000 468,504,000 468,504,000 479,615,000 479,615,000 520,212,000 520,212,000  653,183,000 604,700,000 602,608,000 602,608,000 
        accrued expenses and other current liabilities
      		862,040,000 862,040,000 724,189,000 724,189,000 791,425,000,000,000 704,035,000 704,035,000 724,610,000 724,610,000,000,000 651,874,000 651,874,000 790,723,000 790,723,000 597,684,000 597,684,000 671,790,000 671,790,000 627,347,000 627,347,000 535,351,000 535,351,000 584,123,000 584,123,000 579,313,000 579,313,000 463,478,000 463,478,000 447,761,000 447,761,000 3,734,000,000 617,520,000 834,440,000 702,597,000 702,597,000 
        short-term loans
      		63,000,000 63,000,000 63,000,000 63,000,000  198,373,000 198,373,000 148,544,000 148,544,000,000,000   75,173,000 75,173,000 137,557,000 137,557,000                    
        current lease liabilities
      		10,009,000 10,009,000 11,866,000 11,866,000 30,973,000,000,000 34,573,000 34,573,000 35,946,000 35,946,000,000,000 37,246,000 37,246,000 34,320,000 34,320,000 32,908,000 32,908,000 32,982,000 32,982,000 30,229,000 30,229,000 29,583,000 29,583,000 9,354,000 9,354,000 15,815,000 15,815,000 28,894,000 28,894,000 33,245,000 33,245,000  44,799,000 42,867,000 37,497,000 37,497,000 
        total current liabilities
      		1,450,652,000 1,450,652,000 1,417,883,000 1,417,883,000 1,457,451,000,000,000 1,484,941,000 1,484,941,000 1,412,739,000 1,412,739,000,000,000 1,220,423,000 1,220,423,000 1,318,682,000 1,318,682,000 1,369,611,000 1,369,611,000 1,287,928,000 1,287,928,000 1,225,213,000 1,225,213,000 1,099,094,000 1,099,094,000 1,121,691,000 1,121,691,000 1,075,518,000 1,075,518,000 981,389,000 981,389,000 1,018,282,000 1,018,282,000  1,340,441,000 1,500,406,000 1,366,371,000 1,366,371,000 
        non-current liabilities
      		                                  
        non-current lease liabilities
      		12,094,000 12,094,000 4,948,000 4,948,000 5,707,000,000,000 10,971,000 10,971,000 18,464,000 18,464,000,000,000 26,462,000 26,462,000 33,465,000 33,465,000 27,293,000 27,293,000 33,164,000 33,164,000 37,899,000 37,899,000 40,586,000 40,586,000 4,701,000 4,701,000 6,203,000 6,203,000 8,663,000 8,663,000 12,070,000 12,070,000  22,712,000 25,441,000 23,150,000 23,150,000 
        deferred tax liabilities
      		77,994,000 77,994,000 87,602,000 87,602,000 91,680,000,000,000 84,185,000 84,185,000 85,713,000 85,713,000,000,000 95,592,000 95,592,000 82,380,000 82,380,000 73,305,000 73,305,000 48,425,000 48,425,000 15,700,000 15,700,000 25,252,000 25,252,000 29,703,000 29,703,000 20,501,000 20,501,000 30,210,000 30,210,000 52,723,000 52,723,000  13,551,000 13,551,000 151,969,000 151,969,000 
        total non-current liabilities
      		90,088,000 90,088,000 92,550,000 92,550,000 97,387,000,000,000 95,156,000 95,156,000 104,177,000 104,177,000,000,000 122,054,000 122,054,000 115,845,000 115,845,000 100,598,000 100,598,000 81,589,000 81,589,000 53,599,000 53,599,000 65,838,000 65,838,000 34,404,000 34,404,000 26,704,000 26,704,000 38,873,000 38,873,000 64,793,000 64,793,000  36,263,000 38,992,000 175,119,000 175,119,000 
        total liabilities
      		1,540,740,000 1,540,740,000 1,510,433,000 1,510,433,000 1,554,838,000,000,000 1,580,097,000 1,580,097,000 1,516,916,000 1,516,916,000,000,000 1,342,477,000 1,342,477,000 1,434,527,000 1,434,527,000 1,470,209,000 1,470,209,000 1,369,517,000 1,369,517,000 1,278,812,000 1,278,812,000 1,164,932,000 1,164,932,000 1,156,095,000 1,156,095,000 1,102,222,000 1,102,222,000 1,020,262,000 1,020,262,000 1,083,075,000 1,083,075,000 352,475,000,000 1,376,704,000 1,539,398,000 1,541,490,000 1,541,490,000 
        mezzanine equity
      		                                  
        redeemable non-controlling interests
      		    72,193,000,000,000 76,133,000 76,133,000 90,449,000 90,449,000,000,000 88,099,000 88,099,000 92,685,000 92,685,000 92,760,000 92,760,000 96,713,000 96,713,000                  
        shareholders' equity
      		                                  
        class a ordinary shares
      		115,000 115,000 114,000 114,000 113,000,000,000 112,000  113,000 113,000,000,000 112,000 112,000 112,000 112,000 112,000  111,000 111,000 111,000 111,000 109,000 109,000 108,000  107,000 107,000 107,000 107,000 107,000 107,000  107,000 107,000   
        class b ordinary shares
      		27,000 27,000 27,000 27,000 27,000,000,000 27,000  27,000 27,000,000,000 27,000 27,000 27,000 27,000 27,000  27,000 27,000 27,000 27,000 27,000 27,000 27,000  27,000 27,000 27,000 27,000 27,000 27,000  27,000 27,000   
        treasury stock
      		-15,000 -15,000 -15,000 -15,000 -16,000,000,000 -15,000 -15,000 -15,000 -15,000,000,000 -15,000 -15,000 -13,000 -13,000 -12,000 -12,000 -13,000 -13,000 -9,000 -9,000 -7,000 -7,000 -3,000 -3,000 -2,000 -2,000 -2,000 -2,000 -1,000 -1,000      
        additional paid-in capital
      		6,754,845,000 6,754,845,000 6,847,516,000 6,847,516,000 6,784,389,000,000,000 6,832,214,000 6,832,214,000 6,821,616,000 6,821,616,000,000,000 6,860,770,000 6,860,770,000 6,897,876,000 6,897,876,000 7,003,423,000 7,003,423,000 6,983,368,000 6,983,368,000 7,085,097,000 7,085,097,000 7,211,658,000 7,211,658,000 7,384,670,000 7,384,670,000 7,368,355,000 7,368,355,000 7,351,294,000 7,351,294,000 7,339,100,000 7,339,100,000  7,301,788,000 7,274,877,000   
        accumulated other comprehensive income
      		105,376,000 105,376,000 111,052,000 111,052,000 163,106,000,000,000 159,550,000 159,550,000 99,693,000 99,693,000,000,000 182,747,000 182,747,000 169,250,000 169,250,000 144,107,000 144,107,000 183,497,000 183,497,000 174,514,000 174,514,000 113,588,000 113,588,000 108,245,000 108,245,000 152,881,000  58,798,000      3,140,000 13,241,000 13,241,000 
        accumulated deficit
      		-1,787,633,000 -1,787,633,000 -1,946,099,000 -1,946,099,000 -2,086,258,000,000,000 -2,194,453,000 -2,194,453,000 -2,300,236,000 -2,300,236,000,000,000 -2,393,041,000 -2,393,041,000 -2,481,333,000 -2,481,333,000 -2,561,963,000 -2,561,963,000 -2,621,854,000 -2,621,854,000 -2,657,762,000 -2,657,762,000 -2,679,459,000 -2,679,459,000 -2,726,919,000 -2,726,919,000 -2,853,121,000 -2,853,121,000 -3,022,735,000 -3,022,735,000 -3,229,678,000 -3,229,678,000  -3,263,439,000 -2,786,462,000 -2,130,710,000 -2,130,710,000 
        total shareholders' equity
      		5,072,715,000 5,072,715,000 5,012,595,000 5,012,595,000    4,621,198,000 4,621,198,000,000,000 4,650,600,000 4,650,600,000 4,585,919,000 4,585,919,000 4,585,694,000                     
        total liabilities, mezzanine equity and shareholders' equity
      		6,613,455,000 6,613,455,000 6,523,028,000 6,523,028,000    6,228,563,000 6,228,563,000,000,000 6,081,176,000 6,081,176,000 6,113,131,000 6,113,131,000 6,148,663,000                     
        liabilities, mezzanine equity and shareholders’ equity
      		                                  
        shareholders’ equity
      		                                  
        total shareholders’ equity
      		    4,861,361,000,000,000 4,797,435,000 4,797,435,000        4,585,694,000 4,545,136,000 4,545,136,000 4,601,978,000 4,601,978,000 4,645,916,000 4,645,916,000 4,766,128,000 4,766,128,000 4,668,247,000 4,668,247,000 4,387,489,000 4,387,489,000 4,081,352,000 4,081,352,000      
        total liabilities, mezzanine equity and shareholders’ equity
      		    6,488,392,000,000,000 6,453,665,000 6,453,665,000        6,148,663,000 6,011,366,000 6,011,366,000                  
        operating revenue
      		    686,824,000,000,000                         2,279,000,000 939,354,000 939,354,000   
        operating costs and expenses
      		                                  
        operating costs
      		    -323,836,000,000,000                          -260,417,000 -260,417,000   
        sales and marketing expenses
      		    -182,038,000,000,000                         -10,902,000,000 -1,244,935,000 -1,244,935,000   
        general and administrative expenses
      		    -73,725,000,000,000                         -214,856,000,000 -149,101,000 -149,101,000   
        research and development expenses
      		    -54,265,000,000,000                         -25,056,000,000 -100,259,000 -100,259,000   
        total operating costs and expenses
      		    -633,864,000,000,000                         -250,814,000,000 -1,754,712,000 -1,754,712,000   
        operating profit
      		    52,960,000,000,000                              
        other income
      		                                  
        interest income
      		    35,802,000,000,000                          11,327,000 11,327,000   
        foreign currency exchange gain/
      		    -963,000,000,000                              
        others
      		    5,604,000,000,000                          3,332,000 3,332,000   
        profit before income tax
      		    93,403,000,000,000                              
        income tax expense
      		    -1,936,000,000,000                              
        net profit
      		    91,467,000,000,000                              
        net income attributable to mezzanine equity classified as non-controlling interests shareholders
      		    -8,148,000,000,000                              
        net profit attributable to ordinary shareholders
      		    99,615,000,000,000                              
        other comprehensive income:
      		                                  
        foreign currency translation adjustment, net of tax
      		    89,187,000,000,000                          -9,253,000 -9,253,000   
        unrealized (loss)/gain on available for sale investments, net of tax
      		    -29,330,000,000,000                              
        total comprehensive income
      		    151,324,000,000,000                              
        total comprehensive loss attributable to mezzanine equity classified as non-controlling interests shareholders
      		    -8,148,000,000,000                              
        total comprehensive income attributable to ordinary shareholders
      		    159,472,000,000,000                              
        weighted-average number of ordinary shares used in computing net profit per share
      		                                  
        basic
      		    3,620,987,566,000,000,000                              
        diluted
      		    3,699,552,300,000,000,000                              
        net profit per share attributable to ordinary shareholders
      		                                  
        short—term investments
      		     1,612,619,000          2,697,817,000 2,697,817,000                  
        liabilities and shareholders’ equity
      		                                  
        commitments and contingencies
      		                                  
        ordinary shares
      		      139,000        139,000        135,000          41,000 41,000 
        goodwill*
      		               80,751,000 80,751,000                  
        total liabilities and shareholders’ equity
      		                 5,880,790,000 5,880,790,000 5,810,848,000 5,810,848,000 5,922,223,000 5,922,223,000 5,770,469,000 5,770,469,000 5,407,751,000 5,407,751,000 5,164,427,000 5,164,427,000      
        deferred revenue
      		                         407,000 407,000 1,028,000 1,028,000  4,217,000 3,783,000 11,374,000 11,374,000 
        accumulated other comprehensive (loss)/income
      		                        152,881,000  58,798,000        
        inventories
      		                           326,000 326,000      
        accumulated other comprehensive loss
      		                           -28,203,000 -28,203,000      
        amounts due from the entities within our group
      		                             1,786,000,000     
        investment in non-vie subsidiaries
      		                             3,883,806,000,000     
        investment in vies
      		                                  
        amounts due to the entities within our group
      		                             348,741,000,000     
        operating (loss)/income
      		                             -248,535,000,000     
        equity in loss of subsidiaries and vies
      		                             -1,332,101,000,000     
        net (loss)/income
      		                             -1,574,080,000,000     
        liabilities, mezzanine equity and shareholders’ (deficit)/equity
      		                                  
        total mezzanine equity
      		                                4,947,623,000 4,947,623,000 
        shareholders’ (deficit)/equity
      		                                  
        accumulated other comprehensive income/
      		                              -11,181,000    
        total shareholders’ (deficit)/equity
      		                              4,027,302,000 4,491,689,000   
        total liabilities, mezzanine equity and shareholders’ (deficit)/equity
      		                              5,404,006,000 6,031,087,000   
        operating income
      		                              -815,358,000    
        fair value change of warrant
      		                                  
        foreign currency exchange (loss)/gain
      		                              1,473,000    
        income before income tax, and share of loss in equity method investee
      		                              -799,226,000    
        income tax (expense)/benefit
      		                              143,474,000 143,474,000   
        share of loss in equity method investee
      		                                  
        net income attributable to waterdrop inc.
      		                              -655,752,000 -655,752,000   
        deemed dividend on modification on preferred shares
      		                                  
        deemed dividend upon issuance of warrants
      		                                  
        preferred shares redemption value accretion
      		                              -42,000,000 -42,000,000   
        net income attributable to ordinary shareholders
      		                              -697,752,000 -697,752,000   
        net income
      		                              -655,752,000 -655,752,000   
        other comprehensive (loss)/income :
      		                                  
        unrealized (loss)/gains on available for sale investments, net of tax
      		                              -848,000    
        comprehensive loss
      		                              -665,853,000    
        weighted-average number of ordinary shares used in computing net income per share
      		                                  
        basic and diluted
      		                              2,854,023,284,000 2,854,023,284,000   
        net income per share
      		                                  
        operating profit/
      		                               -815,358,000   
        foreign currency exchange gain
      		                               1,473,000   
        profit/(loss) before income tax, and share of loss in equity method investee
      		                               -799,226,000   
        other comprehensive income/
      		                                  
        unrealized gains/(loss) on available for sale investments, net of tax
      		                               -848,000   
        comprehensive income/
      		                               -665,853,000   
        liabilities, mezzanine equity and shareholders’ deficit
      		                                  
        shareholders’ deficit
      		                                  
        total shareholders’ deficit
      		                                -2,117,428,000 -2,117,428,000 
        total liabilities, mezzanine equity and shareholders’ deficit
      		                                4,371,685,000 4,371,685,000 
                                        
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD