Waterdrop (WDH) Cost of Revenue (2020 - 2026)

Waterdrop's Cost of Revenue history runs 7 years deep, the most recent figure standing at $70.6 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 36.85% year-over-year to $70.6 million; the TTM figure through Mar 2026 stood at $292.3 million (up 55.18% YoY), while the FY2025 annual figure was $277.9 million, up 54.27% from the prior year.
• Cost of Revenue for Q1 2026 stood at $70.6 million, down from $96.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $96.9 million in Q4 2025, with the low at $24.4 million in Q1 2022.
• The 5-year median for Cost of Revenue is $45.9 million (2024), against an average of $49.6 million.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue plunged 46.75% in 2022, then soared 118.32% in 2025.
• Waterdrop's Cost of Revenue stood at $40.4 million in 2022, then increased by 5.37% to $42.6 million in 2023, then rose by 4.25% to $44.4 million in 2024, then jumped by 118.32% to $96.9 million in 2025, then dropped by 27.14% to $70.6 million in 2026.
• Business Quant data shows WDH's Cost of Revenue at $70.6 million in Q1 2026, $96.9 million in Q4 2025, and $66.7 million in Q3 2025.