Waterdrop (WDH) Research & Development (2020 - 2026)
Waterdrop (WDH) posted quarterly Research & Development of -$9.1 million for Q1 2026, down 17.33% year-over-year from -$11.0 million in Q1 2025, and up 3.89% quarter-over-quarter from -$9.5 million in Q4 2025.
Waterdrop (WDH) Research & Development (2020 - 2026) Analysis & Trends
Waterdrop's Research & Development history runs 7 years deep, the most recent figure standing at -$9.1 million for Q1 2026.
- In Q1 2026, Research & Development fell 17.33% year-over-year to -$9.1 million; the TTM figure through Mar 2026 stood at -$34.0 million (down 13.09% YoY), while the FY2025 annual figure was $33.3 million, down 65.04% from the prior year.
- Research & Development for Q1 2026 stood at -$9.1 million, up from -$9.5 million in the prior quarter.
- The five-year high for Research & Development was -$7.3 million in Q2 2025, with the low at -$12.0 million in Q2 2023.
- The 5-year median for Research & Development is -$9.1 million (2026), against an average of -$9.2 million.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 38.63% in 2024, then fell 27.28% in 2025.
- Waterdrop's Research & Development stood at -$10.4 million in 2022, then climbed by 18.96% to -$8.4 million in 2023, then gained by 11.74% to -$7.4 million in 2024, then declined by 27.28% to -$9.5 million in 2025, then gained by 3.89% to -$9.1 million in 2026.
- Business Quant data shows WDH's Research & Development at -$9.1 million in Q1 2026, -$9.5 million in Q4 2025, and -$8.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,074.27 Bn | 747.29 Bn | 55.86 Bn | - |
| 2 | Sun Life Financial | 43.97 Bn | 32.73 Bn | - | - |
| 3 | American International | 40.50 Bn | 2.68 Bn | 3.50 Bn | - |
| 4 | Hartford Insurance | 37.66 Bn | 21.34 Bn | 3.18 Bn | - |
| 5 | Arch Capital | 34.31 Bn | 33.20 Bn | 2.47 Bn | - |
| 6 | Aegon | 27.99 Bn | 27.99 Bn | - | - |
| 7 | Pelagos Insurance Capital | 2.03 Bn | 1.58 Bn | 357.40 Mn | - |
| 8 | Exzeo | 1.43 Bn | 1.29 Bn | 36.84 Mn | 2.44 Mn |
| 9 | International General Insurance Holdings | 1.15 Bn | 917.64 Mn | -5.60 Mn | - |
| 10 | Waterdrop | 359.77 Mn | 230.46 Mn | 109.06 Mn | -9.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.09 Mn |
| Dec 31, 2025 | -9.46 Mn |
| Sep 30, 2025 | -8.19 Mn |
| Jun 30, 2025 | -7.25 Mn |
| Mar 31, 2025 | -7.75 Mn |
| Dec 31, 2024 | -7.43 Mn |
| Sep 30, 2024 | -7.55 Mn |
| Jun 30, 2024 | -7.33 Mn |
| Mar 31, 2024 | -7.75 Mn |
| Dec 31, 2023 | -8.42 Mn |
| Sep 30, 2023 | -10.14 Mn |
| Jun 30, 2023 | -11.95 Mn |
| Mar 31, 2023 | -11.45 Mn |
| Dec 31, 2022 | -10.39 Mn |
| Sep 30, 2022 | -11.02 Mn |
| Jun 30, 2022 | -10.51 Mn |
| Mar 31, 2022 | -11.17 Mn |
| Dec 31, 2021 | -14.28 Mn |
| Sep 30, 2021 | -15.97 Mn |
| Jun 30, 2021 | -15.53 Mn |