Waterdrop (WDH) Operating Expenses (2020 - 2026)
Waterdrop (WDH) posted Operating Expenses of -$197.04 million for Q2 2026, compared with -$103.39 million a year earlier.
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Analysis
Waterdrop (WDH) Operating Expenses (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Waterdrop was -$676.31 million; for FY2025, it was -$515.78 million.
- In prior years, Waterdrop's Operating Expenses was -$355.33 million in FY2024, -$371.48 million in FY2023, -$336.92 million in FY2022 and -$795.4 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Operating Expenses since Q3 2021.
- According to Business Quant data, Operating Expenses for the three prior quarters was -$168.5 million (Q1 2026), -$189.81 million (Q4 2025) and -$120.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,248.67 Bn | -185.49 Bn | 56.71 Bn | 91.43 Bn |
| 2 | Chubb | 141.22 Bn | 92.15 Bn | 8.67 Bn | 12.79 Bn |
| 3 | Progressive | 134.26 Bn | 109.78 Bn | 8.29 Bn | 19.96 Bn |
| 4 | Marsh & Mclennan Companies | 98.32 Bn | 90.72 Bn | - | 5.65 Bn |
| 5 | Travelers Companies | 82.09 Bn | 59.57 Bn | 5.93 Bn | 10.04 Bn |
| 6 | Manulife Financial | 75.36 Bn | -19.02 Bn | - | 899.35 Mn |
| 7 | Arthur J. Gallagher | 72.54 Bn | 67.17 Bn | 3.33 Bn | 3.46 Bn |
| 8 | Aon | 71.33 Bn | 50.56 Bn | - | 3.29 Bn |
| 9 | Allstate | 65.04 Bn | 22.10 Bn | -9.85 Bn | 14.73 Bn |
| 10 | Waterdrop | 360.88 Mn | -284.72 Mn | - | 197.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 197.04 Mn |
| Mar 31, 2026 | 168.50 Mn |
| Dec 31, 2025 | 189.81 Mn |
| Sep 30, 2025 | 120.96 Mn |
| Jun 30, 2025 | 103.39 Mn |
| Mar 31, 2025 | 93.40 Mn |
| Dec 31, 2024 | 86.84 Mn |
| Sep 30, 2024 | 96.57 Mn |
| Jun 30, 2024 | 85.84 Mn |
| Mar 31, 2024 | 91.18 Mn |
| Dec 31, 2023 | 89.12 Mn |
| Sep 30, 2023 | 94.37 Mn |
| Jun 30, 2023 | 99.34 Mn |
| Mar 31, 2023 | 86.76 Mn |
| Dec 31, 2022 | 87.95 Mn |
| Sep 30, 2022 | 89.92 Mn |
| Jun 30, 2022 | 81.44 Mn |
| Mar 31, 2022 | 83.93 Mn |
| Dec 31, 2021 | 106.37 Mn |
| Sep 30, 2021 | 200.56 Mn |
API Access
Waterdrop Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=WDH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "WDH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=WDH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();