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Oscar Health

OSCR

Oscar Health is a technology-driven healthcare company that provides health insurance plans primarily in the individual market through the Affordable Care Act (ACA) marketplaces.

Market cap
$8.54B+140%
Revenue$13.3B+32.0%
Net income-$39.4M-109%
Free cash flow$4.6B+1,436%
EPS (diluted)-$0.69-145%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$4.7B
EPS estimate$0.34

Financials

Q1 2026

Income statement

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Revenue$4.6B+52.6%
Operating income$704.1M+137%
Net income$679.0M+147%
EPS (diluted)$2.07+125%

Balance sheet

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Cash & equivalents$4.8B+114%
Total debt$430.9M+43.7%
Total equity$1.7B+24.8%
Total assets$9.3B+59.0%

Cash flow

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Operating cash flow$2.6B+198%
CapEx$8.8M-2.6%
Free cash flow$2.6B+200%

Valuation & ratios

Valuation

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Market cap$8.54B+140%
Enterprise value$4.15B+193%
P/S0.6×+0.3×

Profitability

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Operating margin0.1%
Net margin-0.3%

Returns & leverage

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Return on equity-2.6%
Debt / equity0.3×0.0×
Current ratio1.1×+0.2×

Competitors

Profile

Oscar Health is a technology-driven healthcare company that provides health insurance plans primarily in the individual market through the Affordable Care Act (ACA) marketplaces. The company leverages a proprietary, cloud-native technology platform to deliver a personalized member experience, improve clinical engagement, and drive operational efficiencies. Its core value proposition centers on simplifying the healthcare ecosystem for individuals, families, and employees through data-driven insights and digital-first care navigation.

Competitive position

A leading technology-enabled health insurer with a significant presence in the ACA individual market and a first-mover advantage in cloud-native insurance infrastructure.

GeographiesUnited States
Customer segmentsB2C, B2B, Government-subsidized individuals
Business modelInsurance Premiums, Platform-as-a-Service (PaaS), Brokerage Services
SuppliersCloud infrastructure providers, Healthcare provider networks, Pharmaceutical manufacturers, Reinsurance companies
CustomersIndividual policyholders, Small and mid-sized employers, Third-party health payors, Healthcare systems
Listed2021
Employees2.4K
CEOMark Thomas Bertolini
FilingsSEC EDGAR

Questions, answered.

What is Oscar Health's market cap?
Oscar Health (OSCR) has a market capitalization of $8.5B and trades on NYSE.
What is Oscar Health's revenue and profitability?
Oscar Health generated $13.3B in trailing twelve-month revenue with a net loss of $39.4M, representing a net margin of -0.3%, with free cash flow of $4.6B. These figures are based on the Q1 2026 filing.
Who are Oscar Health's competitors?
Oscar Health's key competitors include CVS Health, UnitedHealth Group, Elevance Health, and others. These companies compete in similar markets and product categories.
Who does Oscar Health partner with?
Oscar Health's notable partners include Amazon Web Services, Google, Cigna, and others.
What subsidiaries does Oscar Health have?
Oscar Health's subsidiaries include Lucie, Inc., IHC Specialty Benefits, Inc., Healthinsurance.org, LLC, and others.
Where is Oscar Health headquartered?
Oscar Health is headquartered in United States of America and employs approximately 2,400 people. It has been publicly traded since 2021.