The use of abrasive waterjets (AWJs) for rock drilling offers advantages in urbanized areas, locations that are vulnerable to damage, and piling operations. However, the overall operational cost of AWJ systems remains high compared to that of conventional drilling methods, which constrains the long-term industrial application of AWJs. For instance, the abrasive costs account for over 60% of the total process cost, but the recycling of abrasives remaining after drilling could significantly reduce machining costs. In this study, the post-impact characteristics of abrasives were explored, aiming to enhance their recyclability. The physical properties and particle distribution of used abrasives vary depending on the jet energy, ultimately affecting their recyclability and recycling rate. The particle properties of used abrasives (particle size distribution, particle shape, and mean particle size) were compared under different waterjet energy variables (standoff distance (SOD) and water pressure) and test conditions (dry and underwater). Furthermore, the collision stages of the abrasive particles within a waterjet system were classified and analyzed. The results revealed that abrasive fragmentation predominantly occurred due to internal collisions within the mixing chamber. In addition, an attempt was made to optimize the waterjet parameters for an economical and efficient operation. The findings of this study could contribute to enhancing the cost-effectiveness of AWJ systems for rock drilling applications.