Waterdrop Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $568.8M | $379.7M | $370.5M | $406.2M | $503.1M |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Gross Margin | — | — | — | — | — |
| Operating Expenses | |||||
| Research & Development | $33.3M | $29.7M | $42.1M | $42.2M | $59.5M |
| SG&A Expense | $44.3M | $50.4M | $56.7M | $56.3M | $83.3M |
| Operating Income | $53.0M | $24.4M | $-950.0K | $69.3M | $-292.3M |
| Operating Margin | 9.3% | 6.4% | -0.3% | 17.1% | -58.1% |
| Interest Expense | — | — | — | — | — |
| Pretax Income | $77.7M | $49.4M | $23.1M | $91.4M | $-281.7M |
| Income Tax Expense | $-3.1M | $1.3M | $78.0K | $3.3M | $-34.7M |
| Net Income | $80.8M | $48.1M | $23.1M | $88.1M | $-247.0M |
| Net Margin | 14.2% | 12.7% | 6.2% | 21.7% | -49.1% |
| EPS (Basic) | $0.02 | $0.01 | $0.01 | $0.02 | $-0.09 |
| EPS (Diluted) | $0.02 | $0.01 | $0.01 | $0.02 | $-0.09 |
| Shares Outstanding (Basic) | 3.62B | 3.65B | 3.77B | 3.92B | 2.99B |
| Shares Outstanding (Diluted) | 3.71B | 3.72B | 3.88B | 4.02B | 2.99B |
| Dividends Per Share | — | — | — | — | — |