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Waterdrop Inc. Reports Strong Financial Results for Q1 2026

Waterdrop Inc. (NYSE: WDH), a leading technology company focused on insurance and healthcare services with a positive impact on society, recently revealed its impressive financial results for the first quarter of 2026. On June 16, 2026, the company announced a milestone achievement with its net operating revenue reaching RMB 1,242.2 million, representing a remarkable increase of 64.8% compared to the same period last year.

The net profit attributable to Waterdrop’s ordinary shareholders was RMB 98.4 million, confirming the company’s status as a profitable entity for the 17th consecutive quarter. As part of its robust financial strategy, Waterdrop had also repurchased approximately 61.8 million American Depositary Shares (ADSs) from the open market by the end of May 2026.

This financial success marks a significant achievement as 2026 is the tenth anniversary of Waterdrop Inc. The positive quarterly results have set a solid foundation for the company to continue its mission in the coming decade. Waterdrop remains focused on advancing innovation in artificial intelligence to make healthcare and financial services more accessible to all.

Accelerated Growth of Insurance Services

The insurance sector of Waterdrop has seen substantial growth, with revenues for insurance-related incomes increasing by an astounding 74.1% year-over-year. The company has been rapidly integrating AI technologies throughout its entire insurance value chain. Notably, the user-facing “AI Insurance Expert” facilitated a 17.7% increase in first-year premiums quarter-over-quarter. Furthermore, the KEYI.AI underwriting assistant has successfully processed over 10,000 inquiries to date.

In terms of product supply, Waterdrop continuously pushes for innovation by utilizing AI and big data, enabling individuals with pre-existing medical conditions to access necessary coverage. The premiums for insurance covering pre-existing conditions have risen by 24.3% year-over-year. A notable product introduced this quarter, named “Shouhu Ruchu,” stands out by offering comprehensive protection, lenient underwriting, and exceptional value, thus lowering barriers to high-quality cancer coverage for families. This new initiative provides a million-yuan lifetime cancer protection plan, making it more affordable and accessible.

On the service aspect, Waterdrop has enhanced its “full lifecycle service,” which offers exclusive benefits, including health screenings and expedited access to medical care for its members, ensuring they receive comprehensive support.

Medical Crowdfunding Impact

Continuing its commitment to social impact, Waterdrop’s Medical Crowdfunding platform has significantly contributed to assisting individuals in need. Since its inception in 2016, the platform has seen participation from approximately 494 million users who collectively donated RMB 73.5 billion to support 3.75 million patients. Waterdrop Medical Crowdfunding operates under the guiding principle of “Technology for Good,” employing AI technologies to ensure authentic verification of cases and transparent fund flows.

In response to the urgent needs of families facing serious health challenges, the company has launched an AI fundraising assistant that provides immediate guidance based on user requirements. This initiative has already assisted 82,076 fundraisers across the nation, ensuring timely support in critical moments.

Growth of E-Find Platform

Waterdrop's digital clinical trial solutions, delivered via the E-Find platform, have also demonstrated steady growth. The net operating revenue for this service reached RMB 24.2 million in the first quarter of 2026, marking a 5.4% year-over-year increase. The E-Find platform has formed collaborations with 243 pharmaceutical companies and contract research organizations (CROs), enrolling a total of 15,512 patients in 1,718 clinical trial programs.

Moreover, efforts in digital omni-channel marketing are advancing with the use of large language model technologies, improving both service efficiency and user experience. Partnerships with prominent multinational pharmaceutical companies are deepening, allowing Waterdrop to enhance patient care through better service delivery.

Commitment to Social Responsibility

Waterdrop is also dedicated to social responsibility initiatives. This quarter, the company collaborated with the Jinyun County Medical Insurance Bureau to strengthen the healthcare security system for vulnerable populations. The “Jin Qing Bang” program has now achieved full coverage for medical treatments of all Jinyun residents, efficiently screening over 11.2 million individuals and providing substantial aid to those facing high out-of-pocket medical expenses.

The CEO, Mr. Peng Shen, expressed his satisfaction with the quarter's performance, noting the rapid growth trajectory. He affirmed the company’s commitment to its foundational purpose and its ambition to evolve as an AI-native company, aiming for enhanced execution and sustained value creation for users and shareholders moving forward.

With these impressive results and ongoing innovations, Waterdrop Inc. is poised for continued success in the healthcare and insurance sectors, setting inspiring benchmarks for the industry in the years to come.