Waterdrop Inc. $(WDH)$ reported financial results for the third quarter of 2025. Net operating revenue reached CNY 975 million, up 38.4 percent year-over-year. Insurance-related income totaled CNY 870 million, an increase of 44.8 percent. Operating profit was CNY 114 million, marking a 3.3 times increase year-over-year. Net profit attributable to ordinary shareholders was CNY 159 million, up 60.1 percent from the same period in 2024. As of September 30, 2025, Waterdrop Medical Crowdfunding had seen cumulative donations of CNY 71.2 billion to 3.61 million patients from approximately 485 million people. The E-Find Platform had cumulatively enrolled 13,282 patients into 1,491 clinical trial programs.
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