Waterdrop, Inc. ADR Class A (WDH.US) released its Q1 2026 financial report showing steady revenue growth driven by AI.

On June 16, Waterdrop, Inc. ADR Class A company (WDH.US) released its unaudited financial report for the first quarter of 2026, ending March 31, 2026. In the first quarter of 2026, Waterdrop, Inc. ADR Class A company achieved a net operating income of 1.242 billion yuan, a year-on-year increase of 64.8%; the net profit attributable to shareholders was 98.37 million yuan, marking the 17th consecutive profitable quarter. As of May 31, 2026, Waterdrop, Inc. ADR Class A company has repurchased approximately 61.8 million ADS (American Depositary Shares) from the public market. In 2026, Waterdrop, Inc. ADR Class A company celebrated its 10th anniversary. With a solid performance in the first quarter, the company achieved rapid revenue growth, laying a good foundation for the next decade. In the future, Waterdrop, Inc. ADR Class A will continue to increase investment in AI technology innovation, promoting the accessibility of medical health and financial services to the public. Steady growth in insurance business, continuous improvement in AI penetration rate In the first quarter, Waterdrop, Inc. ADR Class A company's insurance-related income continued to grow rapidly, with a year-on-year increase of 74.1%. The company accelerated the application of AI technology in the entire chain of insurance scenarios. In this quarter, the AI insurance experts contributed to a scale premium growth rate of 17.7%, and the AI underwriting assistant could complete responses in seconds, with over 10,000 underwriting consultations replied to. On the product supply side, Waterdrop, Inc. ADR Class A continued to innovate, using AI and big data for product customization to allow people with pre-existing conditions to enjoy insurance protection. In this quarter, the premium for insurance for individuals with pre-existing conditions increased by 24.3% year-on-year. For example, the "Guardian as Ever Cancer Insurance (Deluxe Edition)" launched this quarter, by guarding throughout, loose underwriting, and high cost-effectiveness, lowers the threshold for obtaining high-quality cancer protection, allowing every family to afford a million-dollar lifelong cancer protection. On the service side, Waterdrop, Inc. ADR Class A's insurance business continues to deeply cultivate "full life cycle service", providing users with over 30 membership benefits such as continuous health check-ups and medical green channels. 4.94 billion caring individuals donate 73.5 billion yuan, helping 3.75 million patients In this quarter, Waterdrop, Inc. ADR Class A's fundraising business continued to play a vital role in urgent assistance. Since its launch in 2016, approximately 4.94 billion caring individuals have donated 73.5 billion yuan to 3.75 million seriously ill patients through Waterdrop, Inc. ADR Class A's fundraising platform. Waterdrop, Inc. ADR Class A's fundraising has always adhered to the concept of "technology for good", constructing a dual guarantee system of verifying the authenticity of cases and ensuring the transparency of fund flows through AI technology. This quarter, Waterdrop, Inc. ADR Class A's fundraising completed a phase of upgrades in the AI review field, promoting the evolution of the review process towards an AI collaborative model while ensuring the quality of the review. The current AI risk control model has the ability to quickly process structured information, autonomously link audit rules for initial judgments, significantly reducing the time spent on material preparation and initial reviews. For families or individuals with serious illnesses, the first three days of fundraising are critical for life-saving. Many users may have fundraising and withdrawal-related issues even during special periods in the late night or early morning. Therefore, Waterdrop, Inc. ADR Class A's fundraising platform launched an AI fundraising assistant that can be summoned anytime to provide timely guidance based on user needs. Data shows that since the launch of Waterdrop, Inc. ADR Class A's AI fundraising assistant, it has provided services to a total of 82,076 fundraising users nationwide. Yifan Pharma's quarterly revenue reaches 24.2 million yuan, collaborating with 243 pharmaceutical companies and CRO institutions Waterdrop, Inc. ADR Class A's digital clinical trial solution business has achieved steady growth. The first quarter's net operating income was 24.2 million yuan, a year-on-year increase of 5.4%. This quarter, Yifan Pharma has established cooperative relationships with 243 well-known pharmaceutical companies and CROs domestically and internationally. As of March 31, 2026, a total of 1,718 clinical trial projects have been completed, with 15,512 patients enrolled. In terms of digital all-channel marketing, Yifan Pharma continues to promote large-scale technical applications in medical and patient service scenarios, deploying multiple projects related to health management, health education, and DIGIHUMAN, significantly improving service efficiency and user experience. In terms of social responsibility, this quarter, Waterdrop, Inc. ADR Class A company once again partnered with Jin Yun County Medical Insurance Bureau to upgrade the multi-level medical security system, strengthening the poverty alleviation baseline for people's livelihoods. As of May 27, 2026, the "Jinquing Bang" program has achieved full coverage of Jin Yun people's medical care, automatically screening over 11.2 million individuals, identifying over 21,000 individuals with high out-of-pocket medical expenses, assisting 764 people, with a total assistance amount of 1698.54 million yuan, of which Waterdrop, Inc. ADR Class A's fundraising contributed 1478.91 million yuan. Founder and CEO of Waterdrop, Inc. ADR Class A company Shen Peng said: "The company has opened the new year with a solid performance in the first quarter, achieving rapid revenue growth, and the penetration rate of AI capabilities in the entire business process continues to improve. Looking ahead, we will continue to accelerate the evolution of an AI-native company, deepen the integration of AI capabilities throughout the entire business process, promote high-quality sustainable development of the company, and strive to achieve long-term value of user peace of mind, win-win partnerships, and shareholder trust!"