Growth Metrics

Waterdrop (WDH) Enterprise Value (2020 - 2025)

Waterdrop's quarterly Enterprise Value came in at -$71.3 million in Q4 2025, up 72.58% year-on-year from -$41.3 million in Q4 2024, and up 64.77% quarter-over-quarter from -$202.5 million in Q3 2025.

Waterdrop has reported Enterprise Value for 6 years, with the latest figure at -$71.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Enterprise Value rose 72.58% year-over-year to -$71.3 million; the trailing twelve-month figure through Dec 2025 stood at -$71.3 million (up 72.58% YoY), and the FY2025 full-year result was -$71.3 million, up 79.36% from the prior year.
  • Enterprise Value for Q4 2025 stood at -$71.3 million, up from -$202.5 million in the prior quarter.
  • The five-year high for Enterprise Value was -$71.3 million in Q4 2025, with the low at -$523.8 million in Q1 2023.
  • Average Enterprise Value over 5 years is -$345.2 million, with a median of -$357.9 million recorded in 2024.
  • Year-over-year, Enterprise Value tumbled 143.82% in 2021 and surged 72.58% in 2025.
  • Tracing WDH's Enterprise Value over 5 years: stood at -$232.3 million in 2021, then declined by 26.58% to -$294.1 million in 2022, then jumped by 58.38% to -$122.4 million in 2023, then slumped by 112.58% to -$260.2 million in 2024, then surged by 72.58% to -$71.3 million in 2025.
  • The last three Enterprise Value figures came in at -$71.3 million (Q4 2025), -$202.5 million (Q3 2025), and -$232.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 American International 39.62 Bn 784.91 Mn 2.60 Bn -8.17 Bn
2 Hartford Insurance 34.97 Bn 25.91 Bn 2.15 Bn -488.00 Mn
3 Aegon 34.55 Bn 34.55 Bn - -1.08 Bn
4 Arch Capital 31.37 Bn 30.45 Bn 4.02 Bn -914.00 Mn
5 Fidelis Insurance Holdings 2.04 Bn 2.04 Bn 386.80 Mn -895.40 Mn
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 70.90 Mn -191.60 Mn
7 Waterdrop 762.05 Mn 690.71 Mn 129.34 Mn -71.35 Mn
8 Exzeo 1.28 Mn -230.11 Mn 32.74 Mn -231.38 Mn
9 Sun Life Financial 43.53 -7.92 Bn - -7.92 Bn
10 Sun Life Financial - - - -7.92 Bn

Historic Data

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DateValue
Dec 31, 2025 -71.35 Mn
Sep 30, 2025 -202.50 Mn
Jun 30, 2025 -232.33 Mn
Mar 31, 2025 -256.40 Mn
Dec 31, 2024 -260.19 Mn
Sep 30, 2024 -322.70 Mn
Jun 30, 2024 -393.07 Mn
Mar 31, 2024 -474.45 Mn
Dec 31, 2023 -122.40 Mn
Sep 30, 2023 -420.70 Mn
Jun 30, 2023 -485.32 Mn
Mar 31, 2023 -523.81 Mn
Dec 31, 2022 -294.08 Mn
Sep 30, 2022 -504.48 Mn
Jun 30, 2022 -490.90 Mn
Mar 31, 2022 -461.28 Mn
Dec 31, 2021 -232.33 Mn
Sep 30, 2021 -405.24 Mn
Jun 30, 2021 -501.25 Mn
Mar 31, 2021 -248.34 Mn
Dec 31, 2020 530.24 Mn