Waterdrop Inc. revenue

Waterdrop Inc.'s revenue was $553m in fiscal 2025, up 43.7% on the year before. Since fiscal 2019 ($219m) it has grown at a compound 16.7% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Waterdrop Inc.: revenue history, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	219	439	497	417	372	385	553
Growth on the year before	—	+100.6%	+13.2%	−16.1%	−10.9%	+3.6%	+43.7%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Multi-line Insurance: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Waterdrop Inc.	$553m	43.7%	—
International General Insurance Holdings Ltd.	$517m	-4.1%	—
Horace Mann Educators Corp	$1.75bn	5.9%	7.7%
Assurant	$13.46bn	9.4%	8.4%
Loews Corporation	$18.78bn	2.8%	6.8%
American International Group	$26.64bn	-4.2%	19.7%

Compare with peers

Head to head: IGIC vs WDH HMN vs WDH AIZ vs WDH

More: Multi-line Insurance stocks compared, Financials sector, rankings of US companies

Figures from Waterdrop Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Waterdrop Inc.