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
DateValue
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