Waterdrop Inc., through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China. The company offers short-term and long-term health and life insurance products and services. It also operates a medical crowdfunding platform; and E-Find, a clinical trial patient recruitment platform for pharmaceutical companies to find matches for clinical trials. In addition, the company provides technical services to insurance brokerage or agency companies through customer relationship management system. Waterdrop Inc. was founded in 2016 and is headquartered in Beijing, the People’s Republic of China.
Waterdrop Inc. Reports First Quarter 2026 Unaudited Financial Results, Q1 Net Revenue Up 64.8% Year-over-Year
Waterdrop reported exceptional Q1 2026 results with net operating revenue rising 64.8% year-over-year to RMB1.24 billion, marking its 17th consecutive quarter of profitability.
The insurance segment drove growth with revenue up 74.1%, supported by AI integration tools like the "AI Insurance Expert" which boosted first-year premiums by 17.7% quarter-over-quarter.
The company also repurchased approximately 61.8 million ADSs as of May 31, 2026, while its E-Find clinical trial platform grew revenue 5.4% to RMB24.2 million.