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.
Powered by 
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 | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | -902.21 Mn |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | 3.59 Bn |
| 10 | Waterdrop | 368.10 Mn | -273.26 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();