Waterdrop (WDH) EBITDA (2020 - 2025)
Waterdrop (WDH) recorded quarterly EBITDA of $14.4 million in Q4 2025, down 33.13% quarter-over-quarter from $21.5 million in Q3 2025, and down 30.78% on a YoY basis from $20.7 million in Q4 2024.
Waterdrop (WDH) EBITDA (2020 - 2025) Analysis & Trends
Waterdrop's EBITDA history runs 6 years deep, the most recent figure standing at $14.4 million for Q4 2025.
- In Q4 2025, EBITDA fell 30.78% year-over-year to $14.4 million; the TTM figure through Dec 2025 stood at $63.0 million (up 24.78% YoY), while the FY2025 annual figure was $64.8 million, up 23.48% from the prior year.
- EBITDA was $14.4 million for Q4 2025 at Waterdrop, down from $21.5 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $43.9 million in Q2 2022 to a low of -$103.1 million in Q2 2021.
- Historically, EBITDA has averaged $38000.0 across 5 years, with a median of $12.1 million in 2022.
- The sharpest annual moves came in 2021 and 2025: EBITDA sank 18942.53% in 2021, then surged 1144.12% in 2025.
- A 5-year view of EBITDA shows it stood at -$12.8 million in 2021, then jumped by 192.46% to $11.8 million in 2022, then sank by 80.29% to $2.3 million in 2023, then surged by 789.49% to $20.7 million in 2024, then slumped by 30.78% to $14.4 million in 2025.
- The last three EBITDA figures came in at $14.4 million (Q4 2025), $21.5 million (Q3 2025), and $12.3 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | American International | 39.85 Bn | 1.02 Bn | 2.60 Bn | 712.00 Mn |
| 2 | Hartford Insurance | 35.40 Bn | 26.34 Bn | 2.15 Bn | 739.00 Mn |
| 3 | Arch Capital | 32.21 Bn | 31.30 Bn | 4.02 Bn | 611.00 Mn |
| 4 | Brookfield Wealth Solutions | 9.95 Bn | -3.21 Bn | 4.62 Bn | 5.01 Bn |
| 5 | FIHL | 2.04 Bn | 2.04 Bn | - | - |
| 6 | International General Insurance Holdings | 1.03 Bn | 811.79 Mn | 111.10 Mn | 14.10 Mn |
| 7 | Waterdrop | 632.07 Mn | 560.72 Mn | 129.34 Mn | 14.35 Mn |
| 8 | Sun Life Financial | 48.32 Mn | -8.02 Bn | - | 579.72 Mn |
| 9 | Exzeo | 1.16 Mn | -230.22 Mn | 32.74 Mn | 2.51 Mn |
| 10 | Aegon | 5,067.42 | 5,067.42 | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 14.35 Mn |
| Sep 30, 2025 | 21.46 Mn |
| Jun 30, 2025 | 12.31 Mn |
| Mar 31, 2025 | 14.86 Mn |
| Dec 31, 2024 | 20.73 Mn |
| Sep 30, 2024 | 1.73 Mn |
| Jun 30, 2024 | 13.38 Mn |
| Mar 31, 2024 | 14.64 Mn |
| Dec 31, 2023 | 2.33 Mn |
| Sep 30, 2023 | 6.21 Mn |
| Jun 30, 2023 | 11.40 Mn |
| Mar 31, 2023 | 8.02 Mn |
| Dec 31, 2022 | 11.83 Mn |
| Sep 30, 2022 | 37.07 Mn |
| Jun 30, 2022 | 43.89 Mn |
| Mar 31, 2022 | 15.50 Mn |
| Dec 31, 2021 | -12.79 Mn |
| Sep 30, 2021 | -76.25 Mn |
| Jun 30, 2021 | -103.13 Mn |
| Mar 31, 2021 | -56.76 Mn |