Waterdrop (WDH) Payables (2020 - 2025)

Waterdrop (WDH) recorded quarterly Payables of $167.4 million in Q4 2025, up 1791.77% quarter-over-quarter from $8.8 million in Q3 2025, and up 33.27% on a YoY basis from $125.6 million in Q4 2024.

Waterdrop (WDH) Payables (2020 - 2025) Analysis & Trends

Waterdrop's Payables history runs 6 years deep, the most recent figure standing at $167.4 million for Q4 2025.

  • In Q4 2025, Payables rose 33.27% year-over-year to $167.4 million; the TTM figure through Dec 2025 stood at $167.4 million (up 33.27% YoY), while the FY2025 annual figure was $167.4 million, up 35.42% from the prior year.
  • Payables was $167.4 million for Q4 2025 at Waterdrop, up from $8.8 million in the prior quarter.
  • In the past five years, Payables ranged from a high of $167.4 million in Q4 2025 to a low of $8.8 million in Q2 2025.
  • Historically, Payables has averaged $67.2 million across 5 years, with a median of $78.0 million in 2021.
  • Biggest YoY gain for Payables was 33.27% in 2025; the steepest drop was 58.19% in 2025.
  • A 5-year view of Payables shows it stood at $78.0 million in 2021, then gained by 5.28% to $82.1 million in 2022, then gained by 24.33% to $102.1 million in 2023, then climbed by 23.03% to $125.6 million in 2024, then surged by 33.27% to $167.4 million in 2025.
  • The last three Payables figures came in at $167.4 million (Q4 2025), $8.8 million (Q3 2025), and $8.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (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 798.00 Mn
4 Brookfield Wealth Solutions 9.95 Bn -3.21 Bn 4.62 Bn 1.62 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 167.42 Mn
8 Sun Life Financial 48.32 Mn -8.02 Bn - -
9 Exzeo 1.16 Mn -230.22 Mn 32.74 Mn 6.17 Mn
10 Aegon 5,067.42 5,067.42 - -

Historic Data

Download Data
DateValue
Dec 31, 2025 167.42 Mn
Sep 30, 2025 8.85 Mn
Jun 30, 2025 8.79 Mn
Dec 31, 2024 125.63 Mn
Sep 30, 2024 21.17 Mn
Mar 31, 2024 10.41 Mn
Dec 31, 2023 102.12 Mn
Dec 31, 2022 82.13 Mn
Dec 31, 2021 78.01 Mn
Dec 31, 2020 89.87 Mn