Waterdrop Q3 revenue up 38.4% YoY to RMB 974.9 mln, net profit rises 60.1% YoY.

Wednesday, Dec 3, 2025 6:43 am ET1min read

• Waterdrop's Q3 revenue up 38.4% YoY to RMB 974.9m • Net profit attributable to ordinary shareholders up 60.1% YoY to RMB 158.5m • Operating expenses down 8.3 percentage points YoY to 39.6% of revenue • Waterdrop repurchased 58.1 million ADSs from the open market since September 2021 • Insurance business operating revenue increased by a significant margin • Healthcare business operating revenue decreased by a significant margin • Digital data key driver of Waterdrop's growth and profitability.

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