Waterdrop (WDH) Other Operating Expenses (2020 - 2025)

Waterdrop (WDH) recorded quarterly Other Operating Expenses of -$169.3 million in Q4 2025, down 67.87% quarter-over-quarter from -$100.9 million in Q3 2025, and down 144.33% on a YoY basis from $382.0 million in Q4 2024.

Waterdrop (WDH) Other Operating Expenses (2020 - 2025) Analysis & Trends

Waterdrop's Other Operating Expenses history runs 6 years deep, the most recent figure standing at -$169.3 million for Q4 2025.

  • In Q4 2025, Other Operating Expenses fell 144.33% year-over-year to -$169.3 million; the TTM figure through Dec 2025 stood at -$431.4 million (down 54.52% YoY), while the FY2025 annual figure was $432.0 million, up 56.92% from the prior year.
  • Other Operating Expenses was -$169.3 million for Q4 2025 at Waterdrop, down from -$100.9 million in the prior quarter.
  • In the past five years, Other Operating Expenses ranged from a high of -$56.7 million in Q1 2022 to a low of -$233.1 million in Q2 2021.
  • Historically, Other Operating Expenses has averaged -$93.5 million across 5 years, with a median of -$70.2 million in 2024.
  • The sharpest annual moves came in 2021 and 2022: Other Operating Expenses tumbled 233.31% in 2021, then soared 75.09% in 2022.
  • A 5-year view of Other Operating Expenses shows it stood at -$68.8 million in 2021, then rose by 12.2% to -$60.4 million in 2022, then retreated by 11.28% to -$67.2 million in 2023, then retreated by 3.16% to -$69.3 million in 2024, then plunged by 144.33% to -$169.3 million in 2025.
  • The last three Other Operating Expenses figures came in at -$169.3 million (Q4 2025), -$100.9 million (Q3 2025), and -$85.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 American International 39.85 Bn 1.02 Bn 2.60 Bn
2 Hartford Insurance 35.40 Bn 26.34 Bn 2.15 Bn
3 Arch Capital 32.21 Bn 31.30 Bn 4.02 Bn
4 Brookfield Wealth Solutions 9.95 Bn -3.21 Bn 4.62 Bn
5 FIHL 2.04 Bn 2.04 Bn -
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 111.10 Mn
7 Waterdrop 632.07 Mn 560.72 Mn 129.34 Mn
8 Sun Life Financial 48.32 Mn -8.02 Bn -
9 Exzeo 1.16 Mn -230.22 Mn 32.74 Mn
10 Aegon 5,067.42 5,067.42 -

Historic Data

Download Data
DateValue
Dec 31, 2025 -169.33 Mn
Sep 30, 2025 -100.87 Mn
Jun 30, 2025 -85.89 Mn
Mar 31, 2025 -75.33 Mn
Dec 31, 2024 -69.30 Mn
Sep 30, 2024 -73.21 Mn
Jun 30, 2024 -65.57 Mn
Mar 31, 2024 -71.10 Mn
Dec 31, 2023 -67.18 Mn
Sep 30, 2023 -68.53 Mn
Jun 30, 2023 -74.15 Mn
Mar 31, 2023 -61.36 Mn
Dec 31, 2022 -60.37 Mn
Sep 30, 2022 -67.37 Mn
Jun 30, 2022 -58.08 Mn
Mar 31, 2022 -56.67 Mn
Dec 31, 2021 -68.75 Mn
Sep 30, 2021 -167.30 Mn
Jun 30, 2021 -233.15 Mn
Mar 31, 2021 -175.52 Mn