WDH - Waterdrop Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$2.00
DETAILS
HIGH:
$2.00
LOW:
$2.00
MEDIAN:
$2.00
CONSENSUS:
$2.00
UPSIDE:
42.86%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 3,869.4 | 2,771.8 | 2,630.7 | 2,801.8 | 3,205.9 | 3,027.9 | 1,511.0 | 238.1 |
| Cost of Revenue | 1,890.2 | 1,314.7 | 1,586.1 | 1,336.2 | 1,349.9 | 742.3 | 291.3 | 45.9 |
| Gross Profit | 1,979.2 | 1,457.1 | 1,044.6 | 1,465.6 | 1,856.0 | 2,285.7 | 1,219.7 | 192.2 |
| Operating Expenses | ||||||||
| R&D Expenses | 226.3 | 216.5 | 299.1 | 291.3 | 379.0 | 244.2 | 214.6 | 69.2 |
| SG&A Expenses | 1,392.1 | 1,062.4 | 752.3 | 696.3 | 3,339.9 | 2,537.7 | 1,199.5 | 311.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,618.4 | 1,278.9 | 1,051.4 | 987.6 | 3,718.8 | 2,781.9 | 1,414.1 | 380.4 |
| Operating Income | ||||||||
| Operating Income | 360.8 | 178.2 | (6.7) | 478.0 | (1,862.8) | (496.2) | (194.5) | (188.2) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 132.0 | 149.1 | 136.0 | 81.7 | 48.7 | 26.5 | 10.5 | 2.4 |
| Profitability | ||||||||
| EBITDA | 360.8 | 191.7 | 6.8 | 501.0 | (1,844.8) | (483.2) | (187.8) | (186.2) |
| EBIT | 360.8 | 178.2 | (6.7) | 478.0 | (1,862.8) | (496.2) | (194.5) | (188.2) |
| Income Before Tax | 528.6 | 360.6 | 164.2 | 630.7 | (1,795.1) | (613.7) | (179.0) | (187.7) |
| Income Tax Expense | (21.0) | 9.7 | 0.6 | 23.0 | (221.0) | 50.2 | 142.5 | 21.5 |
| Net Income | 553.4 | 367.5 | 167.2 | 607.7 | (1,574.1) | (663.9) | (321.5) | (209.2) |
| Per Share Data | ||||||||
| EPS (Basic) | 15.40 | 1.00 | 0.40 | 1.55 | -3.99 | -3.45 | -1.00 | -0.65 |
| EPS (Diluted) | 14.70 | 1.00 | 0.43 | 1.50 | -3.99 | -3.45 | -1.00 | -0.65 |
| Shares Outstanding | 36.2 | 367.5 | 418.1 | 391.0 | 394.3 | 321.5 | 321.5 | 321.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 1,132.2 | 986.3 | 396.9 | 1,574.2 | 817.7 | 1,062.0 | 964.5 | 196.1 |
| Short-Term Investments | 531.0 | 1,612.6 | 2,996.5 | 2,130.4 | 1,969.4 | 1,193.2 | 60.3 | 34.4 |
| Net Receivables | 2,068.9 | 1,335.6 | 1,266.0 | 1,125.9 | 1,207.5 | 1,364.3 | 870.2 | 194.2 |
| Inventory | 0 | 0 | 0 | 0 | 667.7 | 434.7 | 402.9 | 0 |
| Other Current Assets | 251.2 | 520.8 | 767.0 | 860.2 | 143.5 | 1,373.4 | 723.9 | 259.5 |
| Total Current Assets | 3,983.3 | 4,638.1 | 5,426.4 | 5,690.6 | 5,033.0 | 4,532.7 | 2,461.7 | 684.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 279.8 | 286.9 | 93.7 | 49.8 | 103.8 | 89.4 | 71.1 | 7.8 |
| Goodwill | 80.8 | 80.8 | 80.8 | 3.4 | 3.4 | 3.1 | 1.5 | 0 |
| Intangible Assets | 177.3 | 153.0 | 177.4 | 56.6 | 56.8 | 53.0 | 16.9 | 12.0 |
| Long-Term Investments | 2,581.3 | 1,114.2 | 211.8 | 12.0 | 11.8 | 2.7 | 4.7 | 2.7 |
| Other Non-Current Assets | 0.0 | 153.7 | 134.4 | 103.6 | 29.9 | 24.0 | 0 | 0 |
| Total Non-Current Assets | 3,122.0 | 1,815.6 | 722.2 | 231.6 | 217.6 | 172.3 | 94.2 | 22.5 |
| Total Assets | 7,105.3 | 6,453.7 | 6,148.7 | 5,922.2 | 5,250.6 | 4,705.1 | 2,555.9 | 706.7 |
| Current Liabilities | ||||||||
| Account Payables | 684.8 | 537.3 | 592.0 | 516.7 | 685.0 | 607.3 | 320.2 | 2.4 |
| Short-Term Debt | 47 | 198.4 | 137.6 | 0 | 0 | 0 | (13.5) | 19.1 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0.8 | 37.3 | 53.8 | 0 |
| Other Current Liabilities | 641.4 | 108.4 | 1,057.5 | 185.7 | 39.3 | 103.4 | 166.5 | 167.2 |
| Total Current Liabilities | 1,893.7 | 1,484.9 | 1,369.6 | 1,121.7 | 1,249.1 | 1,271.3 | 874.5 | 404.0 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 43.8 | 84.2 | 73.3 | 29.7 | 13.6 | 225.7 | 41.9 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 73.3 | 34.0 | 26.0 | 225.7 | 167.6 | 24.3 |
| Total Non-Current Liabilities | 56.5 | 95.2 | 100.6 | 34.4 | 28.0 | 253.5 | 179.9 | 24.5 |
| Total Liabilities | 1,950.1 | 1,580.1 | 1,470.2 | 1,156.1 | 1,277.2 | 1,524.7 | 1,054.4 | 428.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,626.6) | (2,194.5) | (2,562.0) | (2,726.9) | (3,334.6) | (1,672.0) | (733.6) | (338.9) |
| Accumulated Other Comprehensive Income | 43.6 | 159.6 | 144.1 | 108.2 | (21.5) | 15.0 | 27.2 | (72.9) |
| Total Stockholders' Equity | 5,155.2 | 4,797.4 | 4,585.7 | 4,766.1 | 3,973.4 | 3,180.3 | 1,501.5 | 278.2 |
| Total Liabilities & Equity | 7,105.3 | 6,453.7 | 6,148.7 | 5,922.2 | 5,250.6 | 4,705.1 | 2,555.9 | 706.7 |
| Debt Metrics | ||||||||
| Total Debt | 70.6 | 243.9 | 197.8 | 14.1 | 58.6 | 64.3 | 43.3 | 19.6 |
| Net Debt | (1,061.6) | (742.4) | (199.1) | (1,560.1) | (759.1) | (997.7) | (921.2) | (176.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 565.1 | 350.9 | 163.7 | 607.7 | (1,574.1) | (663.9) | (321.5) | (209.2) |
| Depreciation & Amortization | 13.9 | 0 | 13.6 | 23.0 | 18.1 | 13.1 | 6.7 | 2.0 |
| Stock-Based Compensation | 51.8 | 86.9 | 133.9 | 112.0 | 226.2 | 227.8 | 28.0 | 47.8 |
| Change in Working Capital | (395.9) | (25.0) | 103.1 | 5.7 | 191.9 | (504.8) | (246.1) | (51.7) |
| Other Non-Cash Items | 9.1 | 24.5 | (7.7) | 17.3 | 53.1 | 150.7 | 0.0 | 0.1 |
| Operating Cash Flow | 243.9 | 437.2 | 406.5 | 765.7 | (1,096.7) | (777.1) | (532.9) | (211.0) |
| Investing Activities | ||||||||
| Capital Expenditure | (29.6) | (218.4) | (13.5) | (11.9) | (36.5) | (26.7) | (13.3) | (7.5) |
| Acquisitions | (16.9) | 0 | (197.2) | 0 | 0.8 | (20.4) | (5.1) | 0 |
| Purchases of Investments | (7,475.7) | 0 | (11,646.4) | (17,152.8) | (13,064.5) | (1,282.4) | (530.8) | (466.5) |
| Sales/Maturities of Investments | 7,297.3 | 0 | 10,683.9 | 17,024.0 | 12,253.3 | 110 | 503.3 | 506 |
| Other Investing Activities | 0.1 | 291.6 | 0.2 | 0.9 | 0.0 | 1.8 | (0.1) | 39.5 |
| Investing Cash Flow | (224.7) | 291.6 | (1,173.0) | (139.8) | (846.9) | (1,217.7) | (46.0) | 32.0 |
| Financing Activities | ||||||||
| Net Debt Issuance | (151.5) | 59.8 | 137.1 | (0.2) | (0.2) | (0.2) | (0.1) | 19.1 |
| Stock Repurchased | (91.2) | (107.0) | (526.0) | (67.0) | (16.5) | 0 | 0 | (7.6) |
| Dividends Paid | (130.4) | (158.7) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (7.2) | 7.2 | 11.7 | 9.7 | 3.0 | 2.1 | (19.1) | 343.6 |
| Financing Cash Flow | (373.9) | (198.6) | (377.2) | (57.5) | 2,119.7 | 2,050.9 | 1,472.8 | 362.7 |
| Cash Position | ||||||||
| Net Change in Cash | (375.5) | 532.9 | (1,117.5) | 606.2 | 162.0 | 29.2 | 921.3 | 181.7 |
| Cash at Beginning | 1,506.9 | 974.0 | 2,091.5 | 1,485.4 | 1,323.3 | 1,294.2 | 372.9 | 191.2 |
| Cash at End | 1,131.5 | 1,506.9 | 974.0 | 2,091.5 | 1,485.4 | 1,323.3 | 1,294.2 | 372.9 |
| Free Cash Flow | 214.3 | 218.8 | 393.0 | 753.8 | (1,133.1) | (803.8) | (546.2) | (218.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 3,869.4 | 2,771.8 | 2,630.7 | 2,801.8 | 3,205.9 | 3,027.9 | 1,511.0 | 238.1 |
| Gross Profit | 1,979.2 | 1,457.1 | 1,044.6 | 1,465.6 | 1,856.0 | 2,285.7 | 1,219.7 | 192.2 |
| Operating Income | 360.8 | 178.2 | (6.7) | 478.0 | (1,862.8) | (496.2) | (194.5) | (188.2) |
| Net Income | 553.4 | 367.5 | 167.2 | 607.7 | (1,574.1) | (663.9) | (321.5) | (209.2) |
| EPS (Diluted) | 14.70 | 1.00 | 0.43 | 1.50 | -3.99 | -3.45 | -1.00 | -0.65 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 1,132.2 | 986.3 | 396.9 | 1,574.2 | 817.7 | 1,062.0 | 964.5 | 196.1 |
| Total Assets | 7,105.3 | 6,453.7 | 6,148.7 | 5,922.2 | 5,250.6 | 4,705.1 | 2,555.9 | 706.7 |
| Total Debt | 70.6 | 243.9 | 197.8 | 14.1 | 58.6 | 64.3 | 43.3 | 19.6 |
| Stockholders' Equity | 5,155.2 | 4,797.4 | 4,585.7 | 4,766.1 | 3,973.4 | 3,180.3 | 1,501.5 | 278.2 |
| Cash Flow | ||||||||
| Operating Cash Flow | 243.9 | 437.2 | 406.5 | 765.7 | (1,096.7) | (777.1) | (532.9) | (211.0) |
| Capital Expenditure | (29.6) | (218.4) | (13.5) | (11.9) | (36.5) | (26.7) | (13.3) | (7.5) |
| Free Cash Flow | 214.3 | 218.8 | 393.0 | 753.8 | (1,133.1) | (803.8) | (546.2) | (218.5) |