Oscar Health, Inc. income statement
In fiscal 2025, Oscar Health, Inc. reported revenue of $11.70bn, up 27.5% on the year before, operating income of −$396m (a -3.4% margin) and net income of −$443m, or −$1.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.5 | 0.5 | 1.8 | 4.0 | 5.9 | 9.2 | 11.7 | 15.3 |
| Selling, general and administrative | — | — | — | 1.3 | 1.4 | 1.8 | 2.0 | 2.4 |
| General and administrative | 0.1 | 0.2 | 0.3 | — | — | — | — | — |
| Operating income | −0.3 | −0.4 | −0.5 | −0.6 | −0.2 | 0.1 | −0.4 | 0.6 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Income before tax | −0.3 | −0.4 | −0.6 | −0.6 | −0.3 | 0.0 | −0.4 | 0.6 |
| Income tax | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | −0.3 | −0.4 | −0.6 | −0.6 | −0.3 | 0.0 | −0.4 | 0.6 |
| Diluted EPS | −$9.06 | −$14.16 | −$3.20 | −$2.85 | −$1.22 | $0.10 | −$1.69 | $1.91 |
| Diluted shares (average) | 29m | 29m | 179m | 212m | 222m | 266m | 262m | 288m |
| EBITDA | −0.3 | −0.4 | −0.5 | −0.6 | −0.2 | 0.1 | −0.4 | 0.7 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,423 | 2,392 | 3,046 | 2,864 | 2,986 | 2,805 | 4,647 | 4,880 |
| Selling, general and administrative | 460 | 466 | 483 | 534 | 522 | 511 | 706 | 691 |
| Operating income | −48 | −148 | 297 | −230 | −129 | −334 | 704 | 389 |
| Interest expense | 6 | 6 | 6 | 6 | 7 | −1 | 5 | 5 |
| Income before tax | −52 | −154 | 288 | −234 | −139 | −353 | 699 | 383 |
| Income tax | 2 | −0 | 13 | −5 | −2 | −0 | 20 | 21 |
| Net income | −55 | −154 | 275 | −228 | −137 | −353 | 679 | 362 |
| Diluted EPS | −$0.22 | −$0.55 | $0.92 | −$0.89 | −$0.53 | −$1.34 | $2.07 | $1.10 |
| EBITDA | −41 | −138 | 304 | −224 | −122 | −326 | 711 | 395 |
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