For the twelve months ended Sep 30, 2026, Oscar Health Inc. reported $17.47B of revenue and $855.47M of net income.
OSCR revenue was $5.14B in fiscal Q3 2026 (ended Sep 30, 2026), up 72.1% from a year earlier and up 5.3% from the prior quarter. For the full fiscal 2025 it was $11.70B, up 27.5% from fiscal 2024. Compound annual growth was +90.8% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.
OSCR net income was $167.28M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$137.45M a year earlier and down 53.8% from the prior quarter. For the full fiscal 2025 it was -$443.15M, compared with $25.43M in fiscal 2024.
OSCR diluted EPS was $0.49 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.53 a year earlier and down 55.5% from the prior quarter. For the full fiscal 2025 it was -$1.69, compared with $0.10 in fiscal 2024.
OSCR free cash flow was -$1.21B in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$973.66M a year earlier. For the full fiscal 2025 it was $1.06B, up 11.4% from fiscal 2024. Compound annual growth was +38.4% over 5 years. Fiscal 2025 is the highest of the 7 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $11.70B | $9.18B | $5.86B | $3.96B | $1.84B | $462.80M | $488.19M |
| Selling, general and admin | $2.05B | $1.76B | $1.43B | $1.26B | $265.08M | $166.66M | $110.68M |
| Operating income | -$396.36M | $57.27M | -$235.62M | -$589.87M | -$544.48M | -$402.27M | -$259.39M |
| Interest expense | $17.60M | $23.73M | $24.60M | $22.62M | $4.72M | $3.51M | $0 |
| Pre-tax income | -$437.30M | $33.43M | -$267.30M | -$610.08M | -$570.58M | -$405.78M | -$259.39M |
| Income tax | $5.61M | $7.30M | $3.29M | -$523.0K | $846.0K | $1.04M | $1.79M |
| Net income | -$443.15M | $25.43M | -$270.73M | -$606.27M | -$572.61M | -$406.82M | -$261.18M |
| EPS, basic | -$1.69 | $0.11 | -$1.22 | -$2.85 | -$3.20 | -$14.16 | -$9.06 |
| EPS, diluted | -$1.69 | $0.10 | -$1.22 | -$2.85 | -$3.20 | -$14.16 | -$9.06 |
| Diluted shares | 262.4M | 265.9M | 221.7M | 212.5M | 179.0M | 29.3M | 28.8M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.77B | $1.55B | $1.87B | $1.58B | $1.13B | $843.11M | $353.38M |
| Short-term investments | - | $624.46M | $689.83M | - | - | - | - |
| Receivables | $362.68M | - | - | - | - | - | - |
| Current assets | $4.61B | $2.85B | $3.06B | $4.12B | $2.31B | $1.87B | - |
| Total assets | $6.33B | $4.84B | $3.60B | $4.53B | $3.32B | $2.27B | - |
| Current liabilities | $4.86B | $3.46B | $2.43B | $3.26B | $1.85B | $1.67B | - |
| Long-term debt | $430.10M | $299.56M | $298.78M | $298.00M | $0 | $142.49M | - |
| Total debt | $430.10M | $299.56M | $298.78M | $298.00M | $0 | $142.49M | - |
| Total liabilities | $5.34B | $3.82B | $2.80B | $3.63B | $1.93B | $1.82B | - |
| Shareholders' equity | $977.65M | $1.01B | $806.12M | $892.40M | $1.39B | -$1.30B | $0 |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.09B | $978.19M | -$272.16M | $380.35M | -$181.75M | $222.73M | -$165.37M |
| Capital expenditures | $36.37M | $27.90M | $25.58M | $29.01M | $25.89M | $14.02M | $26.00M |
| Free cash flow | $1.06B | $950.30M | -$297.74M | $351.34M | -$207.63M | $208.71M | -$191.37M |
| Investing cash flow | -$241.06M | -$1.39B | $577.19M | -$226.52M | -$774.51M | -$344.71M | $150.51M |
| Financing cash flow | $399.21M | $68.39M | $6.45M | $301.11M | $1.24B | $611.71M | -$2.12M |
| Share repurchases | - | - | - | - | $0 | $0 | $2.99M |
| Stock-based compensation | $87.65M | $109.82M | $159.68M | $112.33M | $86.30M | $35.87M | $33.56M |
| Depreciation and amortization | $28.89M | $32.15M | $30.69M | $15.28M | $14.61M | $11.29M | $6.90M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 27.5% | 56.5% | 47.9% | 115.6% | 297.3% | -5.2% | - |
| Operating margin | -3.4% | 0.6% | -4.0% | -14.9% | -29.6% | -86.9% | -53.1% |
| Net margin | -3.8% | 0.3% | -4.6% | -15.3% | -31.1% | -87.9% | -53.5% |
| Free cash flow margin | 9.0% | 10.4% | -5.1% | 8.9% | -11.3% | 45.1% | -39.2% |
| Return on equity | -45.3% | 2.5% | -33.6% | -67.9% | -41.1% | - | - |
| Return on assets | -7.0% | 0.5% | -7.5% | -13.4% | -17.2% | -17.9% | - |
| Current ratio | 0.95 | 0.82 | 1.26 | 1.26 | 1.24 | 1.12 | - |
| Debt to equity | 0.44 | 0.30 | 0.37 | 0.33 | 0.00 | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.14B | $4.88B | $4.65B | $2.81B | $2.99B | $2.86B | $3.05B | $2.39B | $2.42B | $2.22B | $2.14B | $1.43B |
| Selling, general and admin | $721.89M | $691.08M | $706.23M | $511.03M | $521.59M | $534.49M | $482.76M | $465.82M | $460.38M | $435.21M | $394.16M | $364.15M |
| Operating income | $178.02M | $388.63M | $704.09M | -$333.75M | -$129.25M | -$230.48M | $297.12M | -$147.73M | -$48.37M | $67.81M | $185.56M | -$145.48M |
| Interest expense | $4.73M | $4.71M | $5.38M | -$1.10M | $6.86M | $5.85M | $5.99M | $6.03M | $5.82M | $5.99M | $5.90M | $6.22M |
| Pre-tax income | $175.38M | $383.01M | $698.77M | -$352.68M | -$139.29M | -$233.54M | $288.21M | -$153.69M | -$52.31M | $60.95M | $178.48M | -$150.64M |
| Income tax | $8.08M | $21.18M | $19.75M | -$247.0K | -$1.81M | -$5.04M | $12.71M | -$404.0K | $2.08M | $4.64M | $996.0K | -$806.0K |
| Net income | $167.28M | $361.81M | $679.00M | -$352.61M | -$137.45M | -$228.36M | $275.27M | -$153.55M | -$54.60M | $56.21M | $177.37M | -$150.03M |
| EPS, basic | $0.54 | $1.20 | $2.28 | - | -$0.53 | -$0.89 | $1.10 | -$0.68 | -$0.22 | $0.24 | $0.77 | -$0.68 |
| EPS, diluted | $0.49 | $1.10 | $2.07 | - | -$0.53 | -$0.89 | $0.92 | -$0.50 | -$0.22 | $0.20 | $0.62 | -$0.68 |
| Diluted shares | 346.5M | 333.4M | 329.8M | - | 259.3M | 255.5M | 305.9M | - | 243.1M | 304.0M | 293.8M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.47B | $4.08B | $4.81B | $2.77B | $2.15B | $2.60B | $2.24B | $1.55B | $1.21B | $2.27B | $2.23B | $1.87B |
| Short-term investments | - | - | - | - | - | - | - | $624.46M | - | - | - | $689.83M |
| Receivables | $303.30M | $380.06M | $587.02M | $362.68M | - | - | - | - | - | - | - | - |
| Current assets | $8.32B | $9.37B | $7.78B | $4.61B | $3.76B | $4.31B | $3.77B | $2.85B | $2.37B | $3.36B | $3.50B | $3.06B |
| Total assets | $10.01B | $11.23B | $9.29B | $6.33B | $5.75B | $6.38B | $5.84B | $4.84B | $4.48B | $5.01B | $4.42B | $3.60B |
| Current liabilities | $7.30B | $8.69B | $7.14B | $4.86B | $3.98B | $4.87B | $4.15B | $3.46B | $2.95B | $3.50B | $3.02B | $2.43B |
| Long-term debt | $432.41M | $431.63M | $430.88M | $430.10M | $686.29M | $299.94M | $299.75M | $299.56M | $299.36M | $299.17M | $298.97M | $298.78M |
| Total debt | $432.41M | $431.63M | $430.88M | $430.10M | $686.29M | $299.94M | $299.75M | $299.56M | $299.36M | $299.17M | $298.97M | $298.78M |
| Total liabilities | $7.78B | $9.17B | $7.62B | $5.34B | $4.72B | $5.22B | $4.51B | $3.82B | $3.32B | $3.87B | $3.38B | $2.80B |
| Shareholders' equity | $2.22B | $2.05B | $1.66B | $977.65M | $1.03B | $1.16B | $1.34B | $1.01B | $1.17B | $1.14B | $1.03B | $806.12M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.20B | $2.09B | $2.62B | $671.90M | -$964.66M | $509.07M | $878.54M | $346.82M | -$500.14M | $497.15M | $634.36M | $296.87M |
| Capital expenditures | $11.31M | $11.76M | $8.79M | $9.06M | $9.01M | $9.28M | $9.03M | $6.82M | $7.57M | $7.56M | $5.95M | $6.10M |
| Free cash flow | -$1.21B | $2.08B | $2.61B | $662.84M | -$973.66M | $499.79M | $869.52M | $340.00M | -$507.71M | $489.59M | $628.41M | $290.77M |
| Investing cash flow | $1.58B | -$2.83B | -$590.25M | -$48.71M | $150.08M | -$168.21M | -$174.23M | -$31.45M | -$577.77M | -$477.63M | -$300.59M | $172.48M |
| Financing cash flow | $10.85M | $13.29M | -$3.60M | $8.17M | $364.03M | $22.13M | $4.87M | $3.82M | $18.56M | $18.70M | $27.31M | $1.07M |
| Stock-based compensation | $22.29M | $20.65M | $15.97M | $18.09M | $20.48M | $24.11M | $24.98M | $25.86M | $29.31M | $28.71M | $25.95M | $26.14M |
| Depreciation and amortization | $6.54M | $6.03M | $7.02M | $7.88M | $7.31M | $6.97M | $6.73M | $9.23M | $7.50M | $7.60M | $7.81M | $7.74M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 72.1% | 70.4% | 52.6% | 17.3% | 23.2% | 29.0% | 42.2% | 67.1% | 68.3% | 45.9% | 45.8% | 43.9% |
| Net income growth, YoY | - | - | 146.7% | - | - | - | 55.2% | - | - | - | - | - |
| EPS growth, YoY | - | - | 125.0% | - | - | - | 48.4% | - | - | - | - | - |
| Operating margin | 3.5% | 8.0% | 15.2% | -11.9% | -4.3% | -8.0% | 9.8% | -6.2% | -2.0% | 3.1% | 8.7% | -10.2% |
| Net margin | 3.3% | 7.4% | 14.6% | -12.6% | -4.6% | -8.0% | 9.0% | -6.4% | -2.3% | 2.5% | 8.3% | -10.5% |
| Free cash flow margin | -23.6% | 42.6% | 56.2% | 23.6% | -32.6% | 17.5% | 28.5% | 14.2% | -20.9% | 22.1% | 29.3% | 20.3% |
| Current ratio | 1.14 | 1.08 | 1.09 | 0.95 | 0.95 | 0.89 | 0.91 | 0.82 | 0.80 | 0.96 | 1.16 | 1.26 |
| Debt to equity | 0.19 | 0.21 | 0.26 | 0.44 | 0.67 | 0.26 | 0.22 | 0.30 | 0.26 | 0.26 | 0.29 | 0.37 |
Source: XBRL data Oscar Health Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| OSCR | $17.47B | +54.8% | $855.47M | 4.9% | $10.40B |
| UNH | $449.66B | +3.3% | $15.88B | 3.5% | $363.00B |
| ELV | $201.83B | +3.6% | $5.13B | 2.5% | $92.83B |
| CI | $286.32B | +6.8% | $5.99B | 2.1% | $79.88B |
| HUM | $154.19B | +22.0% | $1.25B | 0.8% | $52.61B |
| NTRA | $2.91B | +37.4% | -$164.71M | -5.7% | $45.24B |
| CNC | $203.90B | +9.7% | $1.46B | 0.7% | $34.75B |
| ILMN | $4.54B | +5.8% | $895.00M | 19.7% | $32.49B |
| LH | $14.59B | +6.0% | $1.00B | 6.9% | $30.12B |