Latest development4 months ago
Waterdrop Q1 Revenue Surges 64.8% as Technical Services Expand
The Chinese insurtech firm hit RMB 1.24 billion in Q1 2026 revenue, though soaring marketing expenses weighed on overall profitability.
Read the full story
Waterdrop Inc. reported a robust 64.8% year-over-year revenue surge to RMB 1.24 billion in Q1 2026, driven by its booming new technical services business. While the company achieved its 17th consecutive quarter of profitability supported by its insurance business and E-Find Platform, overall profits declined. This drop was primarily attributed to soaring user acquisition costs faced by the online insurance broker.
The Chinese insurtech firm hit RMB 1.24 billion in Q1 2026 revenue, though soaring marketing expenses weighed on overall profitability.
Read the full storyThe Chinese insurtech firm posted RMB 1.24 billion in revenue, driven by its E-Find platform expansion and strategic AI integration.
The Chinese insurtech platform reported a significant jump in net operating revenue to RMB 1,242.2 million, driven by robust growth in its core insurance and healthcare segments.