← Waterdrop Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.5b | $3.0b | $503.1m | $406.2m | $370.5m | $379.7m | $568.8m | |
| Cost Of Revenue | $1.1b | $2.3b | $377.3m | $280.6m | $314.8m | $305.0m | $471.4m | |
| Reconciled Cost Of Revenue | — | — | — | $1.3b | $1.6b | $1.6b | $2.2b | |
| Gross Profit (derived) | $377.7m | $757.0m | $125.8m | $1.5b | $1.0b | $1.2b | $1.7b | |
| Research And Development | — | — | — | $291.3m | $299.1m | $216.5m | $232.7m | |
| Operating Costs and Expenses | — | $742.3m | $165.5m | $147.8m | $168.4m | $180.1m | $277.9m | |
| Operating Expenses | — | $3.5b | $795.4m | $336.9m | $371.5m | $355.3m | $515.8m | |
| Operating costs | ($291.3m) | ($742.3m) | ($1.1b) | ($1.0b) | ($1.2b) | ($1.3b) | ($1.9b) | |
| Total operating costs and expenses | ($1.7b) | ($3.5b) | ($5.1b) | ($2.3b) | ($2.6b) | ($2.6b) | ($3.6b) | |
| Operating Income (Loss) | — | ($496.2m) | ($292.3m) | $69.3m | ($950k) | $24.4m | $53.0m | |
| Additional Financial Items | ||||||||
| Amortization of Intangible Assets | — | $173k | $186k | $139k | $19k | $18k | $18k | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | $0 | $784k | $0 | $2.1m | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.3m) | $1.5m | $589k | $612k | $1.1m | $39k | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | $294.7m | $471.0m | |
| Income (Loss) from Equity Method Investments | — | ($15k) | — | — | — | — | — | |
| Investment Income, Interest | — | $26.5m | $7.6m | $11.8m | $19.2m | $20.4m | $19.4m | |
| Preferred Stock Dividends, Income Statement Impact | — | $68 | — | — | — | — | — | |
| Operating (loss)/profit | ($194.5m) | ($496.2m) | ($1.9b) | $478.0m | ($6.7m) | $178.2m | $370.9m | |
| Interest income | $10.5m | $26.5m | $48.7m | $81.7m | $136.0m | $149.1m | $135.7m | |
| Foreign currency exchange gain | $4.2m | ($1.3m) | $9.3m | $4.1m | $4.3m | $8.0m | $276k | |
| Others, net | $817k | $8.1m | $9.8m | $66.9m | $30.6m | $25.3m | $36.6m | |
| Profit before income tax | — | — | ($1.8b) | $630.7m | $164.2m | $360.6m | $543.4m | |
| Net profit | — | — | ($1.6b) | $607.7m | $163.7m | $350.9m | $565.1m | |
| Net loss attributable to mezzanine equity classified as non-controlling interests shareholders | — | — | $0 | $0 | ($3.5m) | ($16.6m) | ($3.9m) | |
| Net profit attributable to ordinary shareholders | ($458.4m) | ($1.1b) | ($1.7b) | $607.7m | $167.2m | $367.5m | $568.9m | |
| Foreign currency translation adjustment | $27.8m | ($14.0m) | ($36.6m) | $129.6m | $37.4m | $44.8m | ($106.7m) | |
| Unrealized loss on available for sale investments, net of tax | $209k | $1.7m | $192k | $174k | ($1.6m) | ($29.3m) | ($9.3m) | |
| Diluted EPS | — | — | — | $1.50 | $0.40 | $1.00 | $1.50 | |
| Diluted NI Availto Com Stockholders | ($458.4m) | ($1.1b) | ($1.7b) | $607.7m | $167.2m | $367.5m | $568.9m | |
| Earnings From Equity Interest Net Of Tax | — | — | $0 | $0 | — | — | — | |
| Gain On Sale Of Security | $4.2m | ($1.3m) | $9.3m | $4.1m | $4.3m | $8.0m | $276k | |
| Interest Income Non Operating | $10.5m | $26.5m | $48.7m | $81.7m | $136.0m | $149.1m | $135.7m | |
| Minority Interests | — | — | — | $0 | $3.5m | $16.6m | $3.9m | |
| Net Income From Continuing And Discontinued Operation | ($458.4m) | ($1.1b) | ($1.7b) | $607.7m | $167.2m | $367.5m | $568.9m | |
| Net Income From Continuing Operation Net Minority Interest | ($458.4m) | ($1.1b) | ($1.7b) | $607.7m | $167.2m | $367.5m | $568.9m | |
| Net Interest Income | $10.5m | $26.5m | $48.7m | $81.7m | $136.0m | $149.1m | $135.7m | |
| Normalized EBITDA | — | — | — | $496.9m | $2.5m | $181.7m | $384.5m | |
| Normalized Income | — | — | — | $603.8m | $162.9m | $359.7m | $568.7m | |
| Other Gand A | — | — | — | $388.7m | $402.4m | $367.7m | $310.1m | |
| Otherunder Preferred Stock Dividend | — | — | $152.3m | $0 | $0 | — | — | |
| Reconciled Depreciation | — | — | — | $23.0m | $13.6m | $11.6m | $13.9m | |
| Selling General And Administration | — | — | — | $696.3m | $752.3m | $765.0m | $1.1b | |
| Tax Effect Of Unusual Items | — | — | — | $148k | $15k | $216k | $69k | |
| Tax Provision | — | — | — | $23.0m | $555k | $9.7m | ($21.6m) | |
| Tax Rate For Calcs | — | — | — | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | $23.1m | $49.4m | $77.7m | |
| Total comprehensive income | — | — | ($1.6b) | $737.5m | $199.5m | $366.3m | $449.1m | |
| Total comprehensive loss attributable to mezzanine equity classified as non-controlling interests shareholders | — | — | — | — | ($3.5m) | ($16.6m) | ($3.9m) | |
| Total comprehensive income attributable to ordinary shareholders | ($293.6m) | ($676.2m) | ($1.6b) | $737.5m | $203.1m | $383.0m | $453.0m | |
| Total Unusual Items | $4.2m | ($1.3m) | $9.3m | $4.1m | $4.3m | $8.0m | $276k | |
| Total Unusual Items Excluding Goodwill | $4.2m | ($1.3m) | $9.3m | $4.1m | $4.3m | $8.0m | $276k | |
| Pre-Tax Income | — | — | ($1.8b) | $630.7m | $164.2m | $360.6m | $543.4m | |
| Net Income Continuous Operations | — | — | ($1.6b) | $607.7m | $163.7m | $350.9m | $565.1m | |
| Net Income (Loss) Attributable to Parent | — | ($663.9m) | ($247.0m) | $88.1m | $167.2m | $367.5m | $568.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($1.1b) | ($270.9m) | $88.1m | $23.6m | $50.3m | $81.4m | |
| Net Income Including Noncontrolling Interests | — | — | ($1.6b) | $607.7m | $163.7m | $350.9m | $565.1m | |
| Earnings Per Share, Basic | ($0.38) | ($0.94) | ($0.58) | $0.02 | $0.01 | $0.01 | $0.02 | |
| Earnings Per Share, Diluted | ($0.38) | ($0.94) | ($0.58) | $0.02 | $0.01 | $0.01 | $0.02 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 1.2b | 3.0b | 3.9b | 3.8b | 3.7b | 3.6b | |
| Basic Average Shares | — | — | — | $392.1m | $377.0m | $365.1m | $361.5m | |
| Diluted Average Shares | — | — | — | $402.2m | $388.1m | $372.0m | $371.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 1.2b | 3.0b | 4.0b | 3.9b | 3.7b | 3.7b | |
| Research and Development Expense | — | $244.2m | $59.5m | $42.2m | $42.1m | $29.7m | $33.3m | |
| Research and development expenses | ($214.6m) | ($244.2m) | ($379.0m) | ($291.3m) | ($299.1m) | ($216.5m) | ($232.7m) | |
| General and Administrative Expense | — | $407.2m | $83.2m | $56.3m | $56.7m | $50.4m | $44.3m | |
| General and administrative expenses | ($143.0m) | ($407.2m) | ($530.5m) | ($388.7m) | ($402.4m) | ($367.7m) | ($310.1m) | |
| Other Nonoperating Income (Expense) | — | $8.1m | $1.5m | $9.7m | $4.3m | $3.5m | $5.2m | |
| Selling and Marketing Expense | — | $2.1b | $487.2m | $90.5m | $104.3m | $95.2m | $160.3m | |
| Sales and marketing expenses | ($1.1b) | ($2.1b) | ($3.1b) | ($624.5m) | ($740.5m) | ($694.8m) | ($1.1b) | |
| Current Income Tax Expense (Benefit) | — | $641k | $4.0m | $1.1m | $2.7m | $1.7m | $686k | |
| Net Non Operating Interest Income Expense | $10.5m | $26.5m | $48.7m | $81.7m | $136.0m | $149.1m | $135.7m | |
| Operating Expense | — | — | — | $987.6m | $1.1b | $981.5m | $1.4b | |
| Other Income Expense | — | — | — | $71.0m | $34.9m | $33.3m | $36.9m | |
| Other Non Operating Income Expenses | $817k | $8.1m | $9.8m | $66.9m | $30.6m | $25.3m | $36.6m | |
| Income Tax Expense (Benefit) | ($142.5m) | $50.2m | ($34.7m) | $3.3m | $78k | $1.3m | ($3.1m) | |
| Total Expenses | — | — | — | $2.3b | $2.6b | $2.6b | $3.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.