Waterdrop (WDH) Invested Capital (2020 - 2025)

Waterdrop's Invested Capital history runs 6 years deep, the most recent figure standing at $733.0 million for Q4 2025.

• In Q4 2025, Invested Capital rose 5.39% year-over-year to $733.0 million; the TTM figure through Dec 2025 stood at $733.0 million (up 5.39% YoY), while the FY2025 annual figure was $733.0 million, up 7.1% from the prior year.
• Invested Capital was $733.0 million for Q4 2025 at Waterdrop, up from $669.9 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $733.0 million in Q4 2025 to a low of -$326.7 million in Q1 2021.
• Historically, Invested Capital has averaged $595.3 million across 5 years, with a median of $656.0 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Invested Capital soared 350.05% in 2021, then dropped 5.84% in 2022.
• A 5-year view of Invested Capital shows it stood at $621.5 million in 2021, then gained by 7.82% to $670.1 million in 2022, then decreased by 2.11% to $656.0 million in 2023, then grew by 6.02% to $695.5 million in 2024, then increased by 5.39% to $733.0 million in 2025.
• The last three Invested Capital figures came in at $733.0 million (Q4 2025), $669.9 million (Q1 2025), and $695.5 million (Q4 2024), per Business Quant data.