Waterdrop, Inc. ADR Class A (WDH)
NYSE:WDH
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Earnings Data
Report Date
Sep 09, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of very strong growth and strategic technology progress alongside material near-term cost pressures. Revenue and insurance income grew sharply (64.8% and 74.1% YoY respectively), AI/IP developments and social impact metrics were notable positives, and the company maintained a healthy cash position and ongoing capital returns. However, operating expenses rose faster than revenue (total expenses +71.5% YoY), sales & marketing spending increased dramatically (+214.5% YoY), and net profit declined 9.1% YoY, showing margin compression as the company prioritizes user acquisition and AI investments. Management is guiding to continued top-line growth (~40% for 2026) while expecting operating profit scale to be broadly stable, signaling a strategy of deliberate investment for longer-term gains.Company Guidance
Robust Top-Line Growth
Total revenue of RMB 1.24 billion in Q1 2026, up 64.8% year-over-year, demonstrating strong demand and momentum across the business.
Insurance Segment Expansion
Insurance-related income reached RMB 1.15 billion, up 74.1% year-over-year, with insurance operating profit of RMB 150 million and an insurance operating margin of 13.3%. First-year premium (FYP) from pre-existing condition products rose 24.3% YoY; disability insurance contributed RMB 89 million in FYP.
Sustained GAAP Profitability
Maintained GAAP profitability for 17 consecutive quarters since Q1 2022; operating profit for the quarter was ~RMB 79.95 million, a 5.3% YoY increase.
Material AI and IP Progress
Filed 75 LLM-related patent applications (including nine international) and was granted two national invention patents in intelligent semantic understanding and multimodal recognition. AI/user-facing tools contributed ~RMB 87 million in incremental premiums in Q1 (up 17.7% sequentially). AI user-service agent supports >1 million interactions per month and delivers >2x efficiency vs. manual baseline; KEYI.AI handled >10,000 underwriting inquiries; Waterdrop CDAI offers >30 purpose-built agents.
Crowdfunding Scale and Social Impact
Waterdrop Medical Crowdfunding cumulative reach: ~494 million donors and total donations of CNY 73.5 billion to 3.785 million patients (as of end of March 2026). Expanded AI-assisted review and improved service for linguistically diverse communities.
Healthcare & Clinical Trial Momentum
E-Find single-quarter patient enrollment rose 16% YoY; newly signed projects increased 53% YoY; platform cumulatively enrolled >50,500 patients. Intelligent drug patient-matching technology secured a national invention patent in January 2026.
Strong Balance Sheet and Capital Returns
Cash and cash equivalents, short-term investments and other cash positions totaled ~RMB 2.88 billion. Completed share repurchases of ~61.8 million ADS for ~$120 million (through end of May 2026) and a cash dividend of ~$10.8 million; cumulative dividends and repurchases since IPO totaled ~ $170 million.
Guidance and Investment for Growth
Company targets ~40% top-line growth for full-year 2026 and expects operating profit scale to remain broadly stable while increasing marketing investments to expand the user base and unlock future profit potential.
WDH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WDH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 16, 2026 | $1.40 | $1.28 | -8.57% |
Mar 25, 2026 | $1.65 | $1.63 | -1.22% |
Dec 03, 2025 | $1.84 | $1.86 | +1.09% |
Sep 04, 2025 | $1.73 | $1.77 | +2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Waterdrop, Inc. ADR Class A (WDH) report earnings?
Waterdrop, Inc. ADR Class A (WDH) is schdueled to report earning on Sep 09, 2026, Before Open (Confirmed).
What is Waterdrop, Inc. ADR Class A (WDH) earnings time?
Waterdrop, Inc. ADR Class A (WDH) earnings time is at Sep 09, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is WDH EPS forecast?
Currently, no data Available