Waterdrop, Inc. · NYSE:WDH
Waterdrop — Q2 2026 Earnings Presentation
12 slides from Waterdrop's earnings presentation, Sep 8, 2026
Slide 1: Waterdrop Inc. Announces Second Quarter 2026 Unaudited Financial Results and a Cash Dividend
Waterdrop Inc. Announces Second Quarter 2026 Unaudited Financial Results and a Cash Dividend BEIJING, September 8, 2026 - Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare services with a positive social impact, today
Slide 2: Financial Results for the Second Quarter of 2026
Financial Results for the Second Quarter of 2026 Operating revenue, net Net operating revenue for the second quarter of 2026 reached RMB1,448.2 million (US$213.4 million), which represents an increase of 72.8% year-over-year from RMB838.0 million for the same period of 2025. On a quarter-over-quarte
Slide 3: Operating Costs and Expenses
Operating costs increased by 29.0% year-over-year to RMB537.3 million (US$79.2 million) for the second quarter of 2026, as compared with RMB416.5 million for the second quarter of 2025, which was primarily driven by (i) an increase of RMB63.8 million in costs of referral and service fees, (ii) an
Slide 4: Cash Position
Cash position2 As of June 30, 2026, cash position of the Company was RMB2,652.7 million (US$391.0 million), as compared with RMB3,249.0 million as of December 31, 2025. Share Repurchase Programs Pursuant to the share repurchase programs launched in September 2021, September 2022, September 2023, Sep
Slide 5: Supplemental Information
Supplemental Information We organize and report our business in the following operating segments: •Insurance, which mainly includes insurance brokerage service and technical service; •Crowdfunding, which mainly includes crowdfunding service; and •Others, which do not individually or in the aggregate
Slide 6: Exchange Rate
Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars ("USD" or "US$") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.7851 to US$1.00, the noon buying rate i
Slide 7: Safe Harbor Statement
Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expe
Slide 8: Unaudited Condensed Consolidated Balance Sheets
WATERDROP INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, unless otherwise noted) As of December 31, 2025 June 30, 2026 RMB RMB USD Assets Current assets Cash and cash equivalents 483,003 1,049,440 154,668 Restricted cash 648,450 813,647 119,917 Short-term investments
Slide 9: Total Comprehensive Income Attributable to Ordinary Shareholders
Accumulated deficit (1,625,517) (1,454,719) (214,399) Non-controlling interests - 110,229 16,246 Total shareholders' equity 5,151,928 5,313,104 783,054 Total liabilities and shareholders' equity 7,100,826 7,877,760 1,161,037
Slide 10: Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income
WATERDROP INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (All amounts in thousands, except for share and per share data, or otherwise noted) For the Three Months Ended For the Six Months Ended June 30, 2025 March 31, 2026 June 30, 2026 June 30, 2025 June 30,
Slide 11: Total Comprehensive Income Attributable to Ordinary Shareholders
Total comprehensive income attributable to ordinary shareholders 88,105 58,123 84,382 12,435 199,856 142,505 21,003 Weighted average number of ordinary shares used in computing net profit per share Basic 3,608,253,358 3,597,746,765 3,589,788,496 3,589,788,496 3,614,283,609 3,593,745,646 3,593,745,64
Slide 12: Reconciliations of GAAP and Non-GAAP Results
WATERDROP INC. RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, unless otherwise noted) For the Three Months Ended For the Six Months Ended June 30, 2025 March 31, 2026 June 30, 2026 June 30, 2025 June 30, 2026 RMB RMB RMB USD RMB RMB USD Net profit attributable to the Company