Oscar Health, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:45:43Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.06B | 950.30M | -297.74M | 351.34M | -207.63M | 208.71M |
| EBITDA | -367.46M | 89.41M | -204.92M | -574.58M | -529.88M | -390.98M |
| Working Capital | -249.18M | -618.06M | 632.09M | 857.63M | 453.64M | 204.85M |
| Net Debt | -2.28B | -1.15B | -1.49B | -1.18B | -1.01B | -683.84M |
| Operating Margin | -1386.20% | 278.31% | -1103.43% | -908.51% | -10094.20% | — |
| Net Margin | -1549.86% | 123.60% | -1267.87% | -933.78% | -10615.61% | — |
| Return on Equity (ROE) | -45.33% | 2.51% | -33.67% | -68.09% | -41.28% | 31.39% |
| Return on Assets (ROA) | -7.01% | 0.53% | -7.52% | -13.39% | -17.24% | -17.91% |
| Current Ratio | 0.95× | 0.82× | 1.26× | 1.26× | 1.24× | 1.12× |
| Debt-to-Equity | 0.51× | 0.37× | 0.47× | 0.43× | 0.07× | -0.11× |
| Effective Tax Rate | -1.28% | 21.85% | -1.23% | 0.09% | -0.15% | -0.26% |
| Cash Conversion Ratio | -2.47× | 38.46× | 1.01× | -0.63× | 0.32× | -0.55× |
| Accruals Ratio | -0.24× | -0.20× | 0.00× | -0.22× | -0.12× | -0.28× |
| SBC % of Revenue | 306.56% | 533.75% | 747.82% | 173.01% | 1599.85% | — |
| CapEx Coverage | 30.10× | 35.06× | -10.64× | 13.11× | -7.02× | 15.89× |
| Free Cash Flow Per Share | $4.03 | $3.57 | $-1.34 | $1.65 | $-1.16 | $7.13 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 134.40× | — | — | — | — |
| P/FCF | 3.56× | 3.76× | — | 1.49× | — | — |
| FCF Yield | 28.07% | 26.60% | — | 67.22% | — | — |
| EV / EBITDA | — | 27.06× | — | — | — | — |
| P/S | 131.87× | 173.65× | 94.98× | 8.05× | 260.45× | — |
| P/B | 3.86× | 3.53× | 2.52× | 0.59× | 1.01× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 28.59M | 20.58M | 21.35M | 64.93M | 5.39M | 0 |
| Revenues | 11.70B | 9.18B | 5.86B | 3.96B | 1.84B | 462.80M |
| Selling, General and Administrative Expense | 2.05B | 1.76B | 1.43B | 1.26B | — | — |
| Operating Income (Loss) | -396.36M | 57.27M | -235.62M | -589.87M | -544.48M | -402.27M |
| Income Tax Expense (Benefit) | 5.61M | 7.30M | 3.29M | -523.00K | 846.00K | 1.04M |
| Net Income (Loss) Attributable to Parent | -443.15M | 25.43M | -270.73M | -606.27M | -572.61M | -406.82M |
| Earnings Per Share, Basic | $-1.69 | $0.11 | $-1.22 | $-2.85 | $-3.20 | $-14.16 |
| Weighted Average Number of Shares Outstanding, Basic | 262.39M | 240.39M | 221.66M | 212.47M | 178.97M | 29.26M |
| Earnings Per Share, Diluted | $-1.69 | $0.10 | $-1.22 | $-2.85 | $-3.20 | $-14.16 |
| Weighted Average Number of Shares Outstanding, Diluted | 262.39M | 265.85M | 221.66M | 212.47M | 178.97M | 29.26M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.77B | 1.53B | 1.87B | 1.56B | 1.10B | 826.33M |
| Assets, Current | 4.61B | 2.85B | 3.06B | 4.12B | 2.31B | 1.87B |
| Assets | 6.33B | 4.84B | 3.60B | 4.53B | 3.32B | 2.27B |
| Liabilities, Current | 4.86B | 3.46B | 2.43B | 3.26B | 1.85B | 1.67B |
| Long-term Debt, Excluding Current Maturities | 430.10M | 299.56M | 298.78M | 298.00M | 0 | 142.49M |
| Liabilities | 5.34B | 3.82B | 2.80B | 3.63B | 1.93B | 1.82B |
| Stockholders' Equity Attributable to Parent | 977.65M | 1.01B | 803.97M | 890.38M | 1.39B | -1.30B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.09B | 978.19M | -272.16M | 380.35M | -181.75M | 222.73M |
| Net Cash Provided by (Used in) Investing Activities | -241.06M | -1.39B | 577.19M | -226.52M | -774.51M | -344.71M |
| Payments for Repurchase of Common Stock | — | — | — | — | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 399.21M | 68.39M | 6.45M | 301.11M | 1.24B | 611.71M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.61B | 662.84M | 395.64M | 1.37B | 869.52M | 340.00M |
| EBITDA | 711.10M | -325.87M | — | — | 303.85M | -138.50M |
| Working Capital | 636.95M | -249.18M | -214.31M | -552.34M | -374.08M | -618.06M |
| Net Debt | -4.37B | -2.28B | -1.46B | -2.30B | -1.94B | -1.15B |
| Operating Margin | 12313.48% | -3722.78% | -1468.58% | -3547.53% | 6861.96% | -3070.05% |
| Net Margin | 11874.71% | -3933.20% | -1561.75% | -3514.87% | 6357.30% | -3190.92% |
| Return on Equity (ROE) | 40.81% | -36.07% | -13.42% | -19.71% | 20.65% | -15.15% |
| Return on Assets (ROA) | 7.31% | -5.57% | -2.39% | -3.58% | 4.71% | -3.17% |
| Current Ratio | 1.09× | 0.95× | 0.95× | 0.89× | 0.91× | 0.82× |
| Debt-to-Equity | 0.26× | 0.51× | 0.67× | 0.26× | 0.22× | 0.37× |
| Effective Tax Rate | 2.83% | 0.07% | 1.30% | 2.16% | 4.41% | 0.26% |
| Cash Conversion Ratio | 3.86× | -1.91× | -3.08× | -6.08× | 3.19× | -2.26× |
| Accruals Ratio | -0.21× | -0.16× | -0.10× | -0.25× | -0.10× | -0.10× |
| SBC % of Revenue | 279.28% | 201.73% | 790.47% | 755.49% | 576.79% | 537.30% |
| CapEx Coverage | 297.81× | 74.15× | 15.49× | 75.81× | 97.33× | 50.86× |
| Free Cash Flow Per Share | $7.92 | $2.53 | $1.53 | $5.36 | $2.84 | $1.28 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 37.46× | 268.80× |
| P/S | 126.15× | 131.87× | 200.82× | 266.75× | 208.12× | 173.65× |
| P/B | 2.27× | 3.86× | 4.79× | 4.73× | 3.01× | 3.53× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 5.72M | 8.96M | 8.80M | 6.50M | 4.33M | 4.81M |
| Revenues | 4.65B | 2.81B | 2.99B | 2.86B | 3.05B | 2.39B |
| Selling, General and Administrative Expense | 706.23M | 511.03M | 521.59M | 534.49M | 482.76M | 465.82M |
| Operating Income (Loss) | 704.09M | -333.75M | -129.25M | -230.48M | 297.12M | -147.73M |
| Income Tax Expense (Benefit) | 19.75M | -247.00K | -1.81M | -5.04M | 12.71M | -404.00K |
| Net Income (Loss) Attributable to Parent | 679.00M | -352.61M | -137.45M | -228.36M | 275.27M | -153.55M |
| Earnings Per Share, Basic | $2.28 | $-1.34 | $-0.53 | $-0.89 | $1.10 | $-0.64 |
| Weighted Average Number of Shares Outstanding, Basic | 298.18M | 262.39M | 259.27M | 255.53M | 251.28M | 240.39M |
| Earnings Per Share, Diluted | $2.07 | $-1.34 | $-0.53 | $-0.89 | $0.92 | $-0.55 |
| Weighted Average Number of Shares Outstanding, Diluted | 329.75M | 262.39M | 259.27M | 255.53M | 305.94M | 265.85M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 4.81B | 2.77B | 2.15B | 2.60B | 2.24B | 1.53B |
| Assets, Current | 7.78B | 4.61B | 3.76B | 4.31B | 3.77B | 2.85B |
| Assets | 9.29B | 6.33B | 5.75B | 6.38B | 5.84B | 4.84B |
| Liabilities, Current | 7.14B | 4.86B | 3.98B | 4.87B | 4.15B | 3.46B |
| Long-term Debt, Excluding Current Maturities | 430.88M | 430.10M | 686.29M | 299.94M | 299.75M | 299.56M |
| Liabilities | 7.62B | 5.34B | 4.72B | 5.22B | 4.51B | 3.82B |
| Stockholders' Equity Attributable to Parent | 1.66B | 977.65M | 1.02B | 1.16B | 1.33B | 1.01B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.62B | 671.90M | 422.95M | 1.39B | 878.54M | 346.82M |
| Net Cash Provided by (Used in) Investing Activities | -590.25M | -48.71M | -192.35M | -342.44M | -174.23M | -31.45M |
| Net Cash Provided by (Used in) Financing Activities | -3.60M | 8.17M | 391.04M | 27.01M | 4.87M | 3.82M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (OSCR CIK 0001568651),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.