On March 25, Waterdrop Inc. (WDH) released its unaudited financial results for the fourth quarter and the full year ended December 31, 2025. For the fourth quarter of 2025, the company reported net operating revenue of 1.411 billion yuan. Net profit attributable to shareholders was 162 million yuan, an increase of 62.7% year-over-year, marking the 16th consecutive quarter of profitability. For the full year 2025, net operating revenue was 3.978 billion yuan, up 43.5% compared to the previous year. Net profit attributable to shareholders reached 569 million yuan, representing a growth of 54.8% year-over-year.