Waterdrop (WDH) Research & Development (2020 - 2026)
Waterdrop's Research & Development came in at -$10.14 million for Q2 2026, compared with -$7.25 million a year earlier.
Powered by 
Analysis
Waterdrop (WDH) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Waterdrop reported Research & Development of -$36.89 million; for FY2025, it came in at -$33.27 million.
- Going back by year, Research & Development was -$29.66 million in FY2024, -$42.12 million in FY2023, -$42.23 million in FY2022 and -$59.47 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Research & Development since Q2 2023.
- Business Quant data shows WDH's Research & Development at -$9.09 million (Q1 2026), -$9.46 million (Q4 2025) and -$8.19 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,178.60 Bn | -238.88 Bn | 55.86 Bn | - |
| 2 | Chubb | 140.37 Bn | 92.42 Bn | 9.13 Bn | - |
| 3 | Progressive | 133.48 Bn | 109.32 Bn | 9.04 Bn | - |
| 4 | Marsh & Mclennan Companies | 94.69 Bn | 87.08 Bn | - | - |
| 5 | Travelers Companies | 84.57 Bn | 60.82 Bn | 6.23 Bn | - |
| 6 | Manulife Financial | 77.66 Bn | -16.05 Bn | - | - |
| 7 | Arthur J. Gallagher | 69.43 Bn | 63.86 Bn | - | - |
| 8 | Metlife | 66.04 Bn | -40.44 Bn | 7.82 Bn | - |
| 9 | Allstate | 65.83 Bn | 27.08 Bn | 8.73 Bn | - |
| 10 | Waterdrop | 360.88 Mn | -284.48 Mn | - | -10.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.14 Mn |
| 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 |
API Access
Waterdrop Research & Development 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=research-and-development&ticker=WDH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=WDH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();