Waterdrop Inc. reported operating revenue of RMB1,448.2 million for the second quarter ended June 30, 2026, up 72.8% year over year. Net profit attributable to ordinary shareholders reached RMB125.8 million, extending the company’s profitability streak to 18 consecutive quarters. Insurance-related revenue increased 80.5%, and insurance business operating profit rose 20% quarter over quarter to RMB183.6 million. Waterdrop also expanded AI use across its insurance and medical-crowdfunding platforms, launched new insurance products, facilitated relief for 3.82 million patients through its crowdfunding service and grew its E-Find clinical-trial business to RMB35.2 million in quarterly revenue. As of Aug. 31, the company had repurchased approximately 62.9 million ADSs from the open market.